Block.one’s Bitcoin reserves are now worth double the entire EOS market cap

EOS has largely under performed during this crypto rally and has dropped out of the top ten by market cap, but one industry executive believes it could be one of the best risk/reward digital assets right now. Chartered Financial Analyst and Arca CIO Jeff Dorman made the assertion based upon Block.one’s extensive Bitcoin holdings. Before delving into that, Dorman observed that EOS is the only major crypto asset apart from XRP that has not made significant gains during this rally. Over the past twelve months, EOS prices have declined by…

BTC, ADA, EOS, THETA, AAVE

During an interview with Bloomberg, Grayscale CEO Michael Sonnenshein said that in addition to hedge funds, pension funds and endowments had also started investing in the Grayscale family of products. This suggests that a broad spectrum of institutions are accumulating Bitcoin (BTC). As this trend gathers speed, investment banks have also decided that they do not want to be left behind. A recent filing from Morgan Stanley shows a purchase of a 10.9% stake in business intelligence firm MicroStrategy, a move that was likely made in order to gain exposure…

EOS Plummets After Block.one CTO Dan Larimer Resigns

Key Takeaways Dan Larimer founded Block.one, the technology company behind the EOS network. He also built out the blockchain-based social media platforms Steemit and Voice.  The former CTO cited personal projects as his reason for leaving the company.  Based on Twitter activity and recent social media events, it’s believed that Larimer will double down on his interest in censorship-resistant media. Share this article Dan Larimer announced his resignation as chief technology officer (CTO) of the crypto company, Block.one. The company is responsible for building an alleged “Ethereum killer” and earned…

Associated Press to Publish U.S. Election Results on EOS Blockchain

Key Takeaways Everipedia will publish the results of the 2020 U.S. federal election on the EOS blockchain. The effort is the result of a collaboration with the Associated Press. This is one of many ongoing blockchain voting projects. Share this article The results of the United States presidential election will be published on the EOS blockchain, according to an announcement from Everipedia. How It Works The Associated Press, a news agency that counts votes and declares winners for more than 7,000 election races, is working with Everipedia to publish election…

Google Cloud bets on EOS blockchain, venturing further into crypto

Blockchain is undergoing a critical turning point, shifting from an emerging technology into a useful business tool that enterprises want to incorporate into existing IT stacks. As more companies continue to explore how blockchain can help achieve digital transformation, major cloud service providers are showing increased interest.  For example, Google Cloud recently became a network block producer by joining the EOS blockchain community. Block producers on EOS are elected by token holders to add transactions to blocks, add blocks to the blockchain, and implement software changes. While Google Cloud must…

Google Cloud Has Joined EOS as a BP Node

Key Takeaways Google Cloud will run a block producer node for EOS. By doing so, Google will help validate transactions and provide support for the blockchain in general. The news has caused a brief surge in EOS’s market price. Share this article Google Cloud will soon serve as an EOS block producer, according to a recent statement from EOS parent company Block.one. How Will Google Serve EOS? Allen Day, a developer advocate at Google Cloud, says that his division is “starting the process of becoming a block producer candidate.” That…

Google Cloud joins EOS blockhain community

Google Cloud has joined the EOS blockchain community with the intent of becoming a block producer. This would require approval of the EOS community. EOS, which has often been criticized for excessive centralization, has 21 block producers in total. In the company’s press release, Google Cloud developer and advocate, Allen Day, is quoted confirming that his company is starting the process of becoming a block producer: As organizations begin to incorporate distributed ledger technology into their infrastructures, we are committed to ensuring that the information on public blockchains are securely stored,…

Polkadot’s Valuation Overtakes Ghost Chains EOS, Cardano in Just Six Days

Key Takeaways Polkadot appears to be living up to its hype after finally launching its native token, DOT. The network has attracted a host of notable DeFi projects who are actively using the technology. Competitors like EOS, Tezos, and Cardano have yet to earn the same kind of traction. Share this article Polkadot’s $4.2 billion market cap puts it ahead of competitors like Tezos, EOS, and Cardano less than a week after its native DOT token went live. The blockchain already has teams actively building on the application layer, making…