EOS News and Price Overview: Bitmain Founder Among Major Investors In Block.one Funding. Friday, July 20
Important EOS News
Bitmain Founder Among Major Investors In Block.one Funding
A statement by Block.one said that Bitmain, the largest mining hardware manufacturer is among the investors of a new round of funding by Block.one, the company behind the EOS platform.
In the statement release on July 16, the company said that some of the prominent investors that partnered with them in this round of funding were Jihan Wu of Bitmain, Peter Thiel, the Paypal founder who also is an early investor in Facebook and Airbnb among others. Speaking on the new wave of investment funding, Block.one CEO said, , “As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world.”
Jihan Wu, the Bitmain CEO whose company has been reported to control 40 percent of mining hashrate for Bitcoin, according to the release by Block.one said,, “The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption.”
EOS Makes Gains As Coin Market Goes On Recovery Mode
The coin market made rapid gains in the past couple of days with most coins making two digits, bring the market cap to $291 billion. This is the greatest gain the market has seen in two months.
On Tuesday, Bitcoin the leading coin was exchanging hands at $7,400 gaining $1000 in just two days. The impact of the spike was felt in the market as all coins got boosts from the trend with EOS leading the gainers with 10 percent gain. It led Cardano and Stellar which experienced gains remarkable gains coming in second and third among gainers. EOS traded at $8.75 on Tuesday, making gains of 30 percent in over 48 hours.
EOS/USD Price Chart, Friday July 20th:
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