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Bitmain Chooses EOS for its Second Major Investment of the Year - Global Coin Report
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Bitmain Chooses EOS for its Second Major Investment of the Year

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EOS
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Block.one, the company responsible for one of the top cryptocurrencies, EOS, has just received a major investment by $12 billion-worth crypto firm called Bitmain.

Block.one chosen for a large investment

A new major development in the crypto world has seen Block.one, a company behind EOS, receiving a large investment from the largest crypto company, Bitmain. Bitmain’s co-founder, Jihan Wu, stated that the decision to invest in EOS came after its protocol demonstrated significant innovations that came over the course of the previous 12 months. EOS has focused on the creation of a strong, scalable and stable ecosystem, that would support the creation of dApps, as well as commercial decentralized platforms.

Wu even stated that the protocol is a great example of innovation regarding the blockchain technology, with its scalability and performance being capable of meeting the ever-growing consumer needs. According to him, this is yet another very important step towards mainstream adoption of the blockchain technology.

Block.one’s CEO, Brendan Blumer, stated that the company’s goal, for now, is to establish connections and partnerships with various strategic investors. The company wishes to connect to as many people that are sharing EOS team’s goals as possible. He stated that Block.one is almost ready to announce plans for the future, and are now searching for those willing to improve the security and connections of the world.

Bitmain’s investments and interests

Bitmain is currently the largest cryptocurrency company, with a market valuation of $12 billion. This has allowed it to easily surpass the likes of Binance, Coinbase, and even Ripple Labs. Bitmain’s advance was rapid, but the company and its officials obviously proved to be capable enough to professionally handle it.

Recently, Bitmain has become known for investing large amounts in various companies. It invested up to $50 million in one of the biggest web browsers, Opera, and it even led a $110M Series E round for a crypto wallet platform and exchange, Circle. Now, Bitmain decided to support Block.one, who has managed to raise up to $4 billion after a year-long ICO.

Both Wu, as well as the company itself, have been very open with their enthusiasm and excitement regarding dApps and decentralized protocols. Especially when they come from a popular platform that is capable of both attracting, as well as properly serving millions of customers. Now, Block.one seems to be an obvious choice for Bitmain’s plan to expand through the world of cryptos and blockchain. So far, the company has been focused on the creation of crypto mining equipment, as well as on its investment arm.

What is next for EOS?

EOS is at a very important part of its journey currently, and it claims to be capable of serving dApps with millions of users. If true, and there is no reason to believe otherwise, EOS will have to focus on expanding its developer community now. This will be the next most important step in its development, and it will require a developer community that will be capable of rivaling that of Ethereum.

Ethereum is the second largest crypto, which means that it represents a very, very big challenge for EOS. Especially considering that ETH’s developer community numbers over a quarter of a million capable developers. EOS has quite a task laid out before it, but it has already proven to be good at tackling challenges.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Top 3 Crypto Trends That Might Go Big in Q2 2019

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So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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