Fun

EOS Maker Block.One Expands US Footprint With DC-Area HQ

News Feed - 2019-09-26 04:09:37

Block.One, the software company behind the EOS blockchain, will expand its U.S. footprint with a new headquarters and a $10 million investment in Arlington County, Va.


Virginia Gov. Ralph Northam announced the plans on Monday, along with a $600,000 grant from the Commonwealth’s Opportunity Fund. EOS is the world’s seventh-largest blockchain by market capitalization, valued at more than $3 billion.


“Arlington’s proximity to Washington, D.C. allows us to continue building constructive business and government relationships as we provide insights for the application of blockchain-based technologies.” Block.One Chief Operating Officer Andrew Bliss said in a statement.


The company already has a Virginia presence with an 80-employee facility in Blacksburg, Va., approximately 250 miles away. Blacksburg is the home of CTO Dan Larimer and has served as the company’s HQ since inception.


The new facility will employ 170 people in professional and IT services and support the Blacksburg office in research and development.


Following a $4.1 billion initial coin offering in 2017, Block.One has made significant investments, including establishing offices in Hong Kong and Los Angeles.


In June, the company announced the launch of a social media platform, Voice, though details on its debut have since been sparse. Block.One has also been criticized for its handling of its treasury, including a June stock buyback and the conversion of its native tokens into bitcoin.


Block.One CEO Brendan Blumer image via Block.One

News Feed

Blackrock’s CIO: Bitcoin and Crypto Are Durable Assets — Prices Will Move Higher
Blackrock"s CIO: Bitcoin and Crypto Are Durable Assets — Prices Will Move Higher The chief investment officer of global fixed income at Blackrock, the world’s largest asse
Binance and its detained US exec face more charges in Nigeria
Helen Partz11 hours agoBinance and its detained US exec face more charges in NigeriaAs Nigerian authorities levied more charges against Binance, the exchange issued a statement urging the regulators to let go of its U.S.
Anthony Clarke10 hours agoAI signals vs. human intuition: Decision-making in crypto tradingAI and human intuition together can make for powerful trading tools.1219 Total views13 Total sharesListen to article 0:00Analysis
US Financial Regulators Join UK FCA’s ‘Global Sandbox’
Four U.S. regulators joined the Global Financial Innovation Network, an international alliance of government regulators led by the UK’s Financial Conduct Authority seeking to bolster the future of fintech.
BTC price support ‘thinning’ below $60K, while Bitcoin ignores cool PCE
William Suberg9 hours agoBTC price support ‘thinning’ below $60K, while Bitcoin ignores cool PCEBTC price performance offers little inspiration through the latest U.S. macro data, but concern is brewing among Bitcoin
Web3 and How It Helps the Environment – Dave Uhryniak of TRON DAO Explains
Web3 and How It Helps the Environment - Dave Uhryniak of TRON DAO Explains TRON is a layer-1 blockchain utilizing a delegated proof of stake consensus mechanism. Its eco-friendly n
Crypto sleuth warns of scammers behind DeFi protocol
Ana Paula Pereira2 hours agoCrypto sleuth warns of scammers behind DeFi protocolThe group has been linked to several rug pulls, among them Magnate, Kokomo, Solfire and Lendora.580 Total views31 Total sharesListen to arti
Facebook Owner Meta Files 8 Trademark Applications Covering Metaverse, Crypto Services
Facebook Owner Meta Files 8 Trademark Applications Covering Metaverse, Crypto Services Meta Inc., formerly Facebook, has filed eight trademark applications relating to a wide range
SWIFT declares second sandbox connector tests a success for CBDC and more
Derek Andersen2 hours agoSWIFT declares second sandbox connector tests a success for CBDC and moreHaving shown the application of its connector in complex use cases, SWIFT will continue to increase the connector’s func
CFTC Chair Says Ether Futures ‘Likely’ in 2020
Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert believes the crypto world will see ethereum futures contracts sometime in 2020. Speaking at Georgetown University
Algoracle Announces $1․5 Million Seed Round
Algoracle Announces $1․5 Million Seed Round press release PRESS RELEASE.Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the
Mastermind of $147 Million Crypto ‘Scam of Epic Proportions’ Sentenced to 10 Years in US Prison
Mastermind of $147 Million Crypto "Scam of Epic Proportions" Sentenced to 10 Years in US Prison The mastermind of what the U.S. Department of Justice calls a sca