New Stablecoin Stronghold Has IBM Support

Stablecoin

Fintech startup Stronghold has created a new stablecoin token dubbed the ‘Stronghold USD’ and it has received support from IBM. The token is launched on the Stellar network.

Stronghold is the first ever stablecoin to use the Stellar network and is reportedly backed by the US dollar at a 1:1 price ratio.

IBM and Stellar

IBM has been using the Stellar network since 2017 for cross-border payments and has now adopted the new stablecoin to enhance this process.

According to IBM’s senior vice president of global industries, platforms, and blockchain, Bridget van …

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A Better Yield Curve for Predicting the Stock Market is Bullish

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62726.html
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First Majestic Silver Sets Production Record in Q2

First Majestic Silver (TSX:FR,NYSE:AG) set a record in Q2, with total production from its seven operating silver mines reaching 5.1 million silver equivalent ounces, the company announced on Monday (July 16).

Total production for the period consisted of 2.8 million ounces of silver, 25,449 ounces of gold, 3.9 million pounds of lead and 1.4 million pounds of zinc.

The company has increased its 2018 annual silver production guidance from 10.6 to 11.8 million ounces to 12 to 13.2 million ounces, primarily due to the addition of the Mexico-based San Dimas silver-gold mine, which it acquired this past May.


During the quarter, the integration of the newly acquired San Dimas mine into our Mexican portfolio was our primary focus,” said Keith Neumeyer, president and CEO of First Majestic.

“The world-class San Dimas operation, which contributed only seven weeks of production in the second quarter, propelled the company to a new quarterly production record of 5.1 million silver equivalent ounces and has become our cornerstone asset,” he added.

Neumeyer continued,  “under the new streaming agreement, we are going back to mine numerous high-grade silver veins that were previously deemed uneconomic by the previous operator. In 2018, all-in sustaining costs at San Dimas are projected to be between US$ 6.99 to US$ 8.19 per ounce, making it our lowest cost and our largest producing mine.”

During Q2, First Majestic processed 851,349 tonnes of ore at its seven operating silver mines: San Dimas, Santa Elena, La Encantada, La Parrilla, Del Toro, San Martin and La Guitarra. That represents a 5-percent increase compared to the previous quarter.

Consolidated silver grades averaged 127 g/t in comparison to the 111 g/t recovered in Q1. The company reported that the 14-percent increase in silver grades was mainly the result of the addition of seven weeks of production from San Dimas.   

Meanwhile, consolidated silver recoveries averaged 79 percent, up 6 percent from the previous quarter.

First Majestic’s underground development in the second quarter consisted of 17,838 meters, which was a 20-percent increase compared to the 14,914 meters completed in the last quarter.

Approximately 29 diamond drill rigs were active across all of the company’s properties during Q2. In total, 298 drill holes were completed for 73,899 meters on the seven producing assets, as well as the Plomosas silver project, resulting in a 65-percent increase in drilled meters compared to Q1.

Looking forward, the company said in the short term it will focus on reducing underground dilution and implementing mill automation processes, including the installation of high-intensity grinding technologies in order to increase efficiencies and reduce production costs.

Delivery and installation of the high-intensity grinding mills at Santa Elena and San Dimas are planned for October and November, respectively.

First Majestic expects further improvements in recoveries with the anticipated installation of microbubble flotation columns at La Parrilla during Q3 2018, followed by Del Toro in 2019.

Neumeyer also discussed the new roaster at La Encantada, stating, “[a]t La Encantada, the construction of the new roaster is in its final stages. Commissioning and start up procedures are expected to begin in late August before ramping up to commercial production by the end of the year. These are exciting times for the company, our employees and our stakeholders.”

As of 2:46 p.m. EST on Tuesday (July 17), First Majestic was trading at US$ 9.15.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article.

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U.S. Stock Market Cycles Update

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62725.html
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Sibanye Secures US$500-million Gold-Palladium Streaming Deal

Sibanye-Stillwater (NYSE:SBGL) will receive a US$ 500-million upfront cash payment through a streaming agreement with a subsidiary of Wheaton Precious Metals (TSX:WPM,NYSE:WPM). 

In a Monday (July 16) press release, Sibanye said it will deliver a percentage of gold and palladium produced from its platinum-group metals (PGMs) operations in the US in exchange for the funds. The precious metals will mainly be extracted from Sibanye’s Stillwater and East Boulder operations.

“The streaming transaction is further delivery on our strategic commitments and validates the value we identified in the Stillwater assets,” said Neal Froneman, Sibanye’s CEO.

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“Importantly the transaction results in a significant reduction in group leverage, improving flexibility and reducing financing costs and risk. We are extremely pleased to have secured this competitively priced financing arrangement with a company of the quality of Wheaton International,” he added.

Sibanye says the deal is of minimal risk as the stream is set up so that the company only needs to deliver a percentage of actual production, without ever being obligated to repay of the $ 500 million under any circumstances, and without minimum deliveries.

The deal does state that the company must sell all of the gold produced at its East Boulder and Stillwater mines to Wheaton for as long as the mines are operational.

Additionally, Wheaton will receive a percentage of the palladium produced at the mines, with the amount being staggered based on certain milestones; it will move from 4.5 percent to 2.5 percent and then to 1 percent for the life of the mines.

For its part, Wheaton will pay Sibanye 18 percent of the market prices for palladium and gold for each ounce of metal delivered up to the advanced amount, after which it will pay 22 percent.

“The stream includes a completion test on the development of the Blitz Project, including completion of underground development, critical surface infrastructure and expansion of the concentrator production output,” Sibanye said in a press release.

Gold production over the life-of-mine plan represents about 43 percent of the stream value, while palladium contributes the remaining 57 percent. Platinum is excluded from the deal. 

“Stillwater is another accretive addition to Wheaton’s portfolio of assets that is expected to contribute both production and cash flow for decades,” said Wheaton President and CEO Randy Smallwood.

At close of day on Tuesday (July 17), Sibanye was trading at US$ 2.38, up 2.15 percent.

Don’t forget to follow us @INN_Resource for real-time news updates!

Securities Disclosure: I, Nicole Rashotte, hold no direct investment interest in any company mentioned in this article. 

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UK Aims to Become Global Crypto Leader

UK blockchain

UK blockchain: With its latest moves in the crypto space, the UK is well-placed at becoming a global leader in blockchain technologies.

According to the group analysis by DAG Global, Big Innovation Centre, and Deep Knowledge Analytics, Great Britain has all the required resources to become a global hub for blockchain technology by the year 2022.

CEO of DAG Global, Sean Kiernan, told The Guardian:

“The UK is a major global financial hub and in recent years has become a fintech leader as well. At the same time, it is starting to …

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Crude Oil May Not Find Support Above $60 This Time

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62717.html
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Scythian Sells Assets in Latin America to Aphria

A cannabis operator with assets in the international cannabis market confirmed the sale of its South American and Caribbean interests to a major Canadian licensed producer.

In a deal announced on Tuesday (July 17) Scythian Biosciences (TSXV:SCYB) will sell its entire network of cannabis businesses across Argentina, Colombia and Jamaica to Aphria (TSX:APH) through the share acquisition of LATAM Holdings for a reported C$ 193 million worth in Aphria’s stock issued to Scythian.

“This timely strategic move allows Aphria to leverage Scythian’s first mover progress in the region while expanding on their own global reach and scope,” Scythian CEO Rob Reid said.

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“We have spent a considerable amount of time and resources evaluating opportunities in Latin America and the Caribbean and we are confident in the long-term strategic opportunity and the value it will bring to our shareholders,” Vic Neufeld, CEO of Aphria said in a statement.

In addition to purchasing the assets from Scythian through LATAM Holdings’ share acquisition, Aphria will also assume a US$ 1 million debt bill.

Scythian indicated it obtained an opinion from Haywood Securities saying the value for LATAM Holdings was in the range of C$ 180 million to C$ 200 million.

A simple majority of Scythian shareholders must approve the transaction at a meeting the company said will schedule before September 15. The board of directors for the company unanimously approved the Aphria deal and recommended shareholders to vote in favor of it.

Both Scythian and Aphria suffered dips in share price during Tuesday’s trading session following the announcement of this transaction. Scythian’s shares took the bigger hit today as its stock declined in value 14.50 percent, a C$ 0.67 loss per share for investors, and closed at a price of C$ 3.95. While Aphria dropped 4.40 percent to a price of C$ 3.95.

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What does Aphria get with this purchase?

If the transaction gets completed, Aphria is eyeing the potential of adding variety of businesses and licenses for cannabis ventures throughout South America.

In Colombia Aphria will obtain a 90 percent stake in Colcanna, a local medical cannabis producer with licenses for the extraction, production, research and exportation of medical cannabis products and importing cannabidiol (CBD).

Aphria will also get Argentinian pharmaceutical import and distribution company ABP, which holds a license for the import of CBD oil products and expands the potential reach of Aphria’s products through South America.

Schytian’s assets will also offer Aphria an entry into the Jamaican market thanks to obtaining Marigold Acquisitions, a company with a 49 percent stake in Marigold Projects Jamaica through wholly owned subsidiary Hampstead Holdings.

This Jamaican venture also holds a portfolio of beneficial licenses for the cannabis market in the country.

Investor takeaway

As the Canadian market keeps expanding with new players and operations appearing nearly  every week, some cannabis ventures –particularly larger public players– have started developing assets in international markets.

Throughout South America a cannabis movement is starting to appear for medical purposes; companies are starting to place bets in the developments of these markets as the promise of Canada leading the march on cannabis legalization solidifies.

In a previous interview with the Investing News Network (INN) Neil Closner, CEO of MedReleaf (TSX:LEAF), voiced an opinion strongly felt throughout observers of the industry: the international medical market is the biggest option available for all these companies.

“Many of those countries [advancing medical cannabis legalization policies] are more medically focused and medical rigorous than even Canada is today,” Closner told INN.

Similarly Alvaro Torres, CEO of Khiron Life Sciences (TSXV:KHRN) told INN LPs are looking for ways to “continue opening up their well-known strategies and well-known cultivation activities” in new markets.

This move also continues a trend of mergers and acquisitions within the cannabis space led by the larger companies in the public markets.

As part of INN’s Q2 2018 review of the cannabis sector, Yasmin Gordon, senior investment advisor with Canaccord Genuity, said she has noticed most of the big companies participating in the M&A activity are being clever in the capital raised leading to conscious business decisions in an attempt for these companies to hold their valuations.

Don’t forget to follow us @INN_Cannabis for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Khiron Life Sciences is a client of the Investing News Network. This article is not paid-for content.

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Savings Interest Rates Surge as Fixed Bonds Hit a Two-year High

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62719.html
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Laramide Resources to Buy Rio Tinto’s Murphy Uranium Tenements

Laramide Resources (TSX:LAM,ASX:LAM) has entered into a sale-and-purchase agreement with a Rio Tinto (LSE:RIO,ASX:RIO,NYSE:RIO) subsidiary to procure the Murphy uranium tenements in Australia’s Northern Territory.

The newly penned agreement replaces a previous farm in and joint venture between the two companies. The former deal gave Laramide a 51-percent earn in; under the new arrangement, Laramide will pay AU$ 450,000 in three instalments for sole rights to the Murphy site.

The uranium tenements are located within the Murphy uranium province and are comprised of two exploration licenses, EL 9319 and EL 9414. They also contain several associated license applications spanning over 683 square kilometers.

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This particular region of Australia has not seen extensive exploration since the 1970s.

The agreement between the two companies allows for Rio Tinto to have clawback rights, a production payment, a NSR royalty and rights of first refusal. The one-time clawback rights can be exercised if Laramide discovers and develops a measured and indicated mineral resource on the project with an in-situ value estimated in excess of US$ 1 billion.

In addition to the Murphy tenements, Laramide is also the 100-percent owner of the Westmoreland uranium project in Northwest Queensland.

Westmoreland has already proven valuable for the company. It has an indicated mineral resource totaling 36 million pounds of uranium contained in 18.7 million tonnes at an average grade of 0.089 percent U3O8, and an inferred mineral resource totaling 15.9 million pounds of uranium contained in 9 million tonnes at an average grade of 0.083 percent U3O8.

The Murphy project, which is located along strike from Westmoreland, is comprised of 683.5 square kilometers of granted exploration tenure.

According to a company press release, the acquisition of the tenements will enhance Laramide’s presence in an area believed to be highly prospective and underexplored.

“The Northern Territory of Australia is a jurisdiction that is supportive of both uranium development and mining and hosts several well-known deposits including the Ranger mine which has produced in excess of 120,000 tonnes of U3O8 over a 35-year period,” notes the release.

“The new agreement is structured to incentivize a return to active exploration on the project while providing RTX with an opportunity to participate should a world class discovery be made,” it also states.

The final payment from Laramide to Rio Tinto is scheduled to occur 24 months after the deal’s closing date. Laramide’s share price was up slightly on Tuesday (July 17), opening at C$ 0.26.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

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Crypto Twitter Accounts Are Being Exposed by ShillExed

Crypto Twitter Accounts

On Sunday, July 15th, 2018 a new account emerged on Crypto Twitter under the handle @Shillexed and the “ShillExed” name. Within 48 hours that account had gained over 5,000 followers. This account claims to be “dedicated to exposing those who do not disclose their paid shills” which is another way to say, they will attempt to find and report on anyone on Crypto Twitter who promotes a blockchain project in exchange for payment. The ShillExed operator is actively soliciting other Twitter users to report these account. The ShillExed account has already reported on a couple of people and …

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Trump Treason? Get A Life!

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62720.html
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What is Technology Investing?

The evolution of technology has certainly garnered the interest of the general public and investors alike curious about what is technology investing , making it an attractive and exciting field to keep an eye on now and in the future.

Overall, the sector has come a long way in the last two decades: in March 2000, the S&P 500 technology index hit its peak of 988.49 points, a significant increase  from 200 in 1996 leading to the dotcom bubble but the sector quickly tumbled thanks to various flops.

Eighteen years later, the S&P 500 IT index has hit 1,275.70 on July 13, surpassing its peak in 2000 with its 10-year returns at 13.68 percent.

Back in 2000, when the NASDAQ was at its first all-time high at a milestone 5000 points, several tech sites tried to cash in on the opportunity, including pets.com, but most of the companies folded out and thus emerged dotcom flops in the era of dotcom bubble.

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With so much growth in the tech sector over the last two decades, interest in the industry has never been hotter.

Here at Investing News Network (INN) breaks down the answers to the question of, “what is technology investing?” and why investors should be interested.

What is technology investing? Evolution of tech

Adobe through its ‘2018 Technology and the Reinvention’ report surveyed people on the evolution of technology with the results suggesting that mobile and smartphones are the most important innovation of technology.

Other notable innovations that people seem to have found to be impactful arewidespread availability of email, cloud computing, wifi and broadband.

The report also highlighted the professional life innovations that people took advantage of with file/sharing and collaboration topping the list, followed by emails, team communication, online meeting and screen sharing and voice conference.

The past decade or so has also seen the evolution of the music industry, which has gone from vinyl to streaming with the most notable of them being Spotify (NYSE:SPOT) which made its debut on the NYSE in 2018. There has also been the emergence of video streaming with the likes of Netflix (NASDAQ:NFLX) expanding to 190 countries around the world.  

The other segment of tech that witnessed growth over the last 10 years is messaging apps, connecting people to various countries around the world.

Speaking of connectivity and the future, the fourth industrial revolution has been tied to various sectors of technology from artificial intelligence (AI) to 3D printing and countries like India are banking on data and Industry 4.0 to aid its growth.

Another vertical of technology that is in demand is the blockchain with the global market size set to grow from US$ 708 million in 2017 to US$ 60.7 billion in 2024. A key pillar of digital economy, blockchain’s importance has grown in the recent times.

“As the banks and finance industry move into the modern age of real time transaction processing, blockchain is a core enabling technology,” said a MarketreportsCenter Report. “This market segment previously has been held back in part by the outdated aspects of the mainframe computing technology. Blockchain is spurred by more modern ways to manage global transactions across national borders from IBM, Microsoft, and Accenture.”

What is technology investing? Market growth  

The spending by companies into the sector is, indeed, significant. According to report from Appito, the  global technology economy is now the world’s third largest economy surpassed only by United States and China.

The report states that technology spending worldwide has hit more than US$ 6.3 trillion in 2016 while the gross domestic product (GDP) of United States was US$ 18.57 trillion and China was at US$ 11.20 trillion.

It was also noted that IT spending is 28 percent bigger than the GDP of Japan and almost two times of Germany.

What is technology investing?  Future outlook

If one thing we have learnt in the last three decades, it is the fact that technology is always evolving to new territories thus aiding both the general public as well as investors.

While global spending on information technology (IT) is set to grow from US$ 673.6 billion in 2017 to US$ 733.9 billion by 2020, numerous other verticals of technology are now set to outpace the IT sector.

Case in point being the Internet of Things (IoT), which is projected to grow from US$ 674 billion in 2017 to US$ 1 trillion by 2020. The report from IDC further states that the Internet of Things is set to witness a compound annual growth rate (CAGR) of 14.4 percent through 2021, reaching US$ 1.1 trillion market size.

The evolution of artificial intelligence (AI) is also something investors should watch out for , which is now progressing towards ‘General AI’ from the ‘Narrow AI’ which has been in play for the last two decades. The General AI in concept is the machine that has all the human senses and does things just like humans.

PwC in its technology outlook has predicted eight verticals which the firm thinks would disrupt business with the list includes AI, augmented reality/virtual reality, blockchain, drones, IoT, robots, 3D printing and autonomous vehicles.

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Each of these verticals is set to see a massive return in revenue, with AI hitting US$ 60 billion by 2025, up from US$ 1.37 billion in 2016.   

There’s a mixed verdict on virtual reality with one report predicting it to reach $ 162 billion in 2020 while the other indicating that the market would reach US$ 26.89 billion by 2022.

While most have tipped 3D printing as the fourth industrial revolution, it is set to see the lowest growth compared to others mentioned above with the market set to touch US$ 20 billion by 2021,up from US$ 12 billion in 2018.

What is technology investing? Ways to invest

With such a huge potential in technology and with the sector being the third largest in terms economy, there are number of ways investors can still step into the sector including:

ETFs:

For those who are new to investing and would rather invest in a market rather than a specific company, ETFs are a popular way to do so.

Here’s a brief overview of few technology ETFs for investor consideration.

    • iShares US Technology ETF (NYSEARCA:IYW): The fund came into inception on November 12, 2001 and currently has 123 holdings covers all the big names of technology including Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL).
    • Technology Select Sector SPDR (NYSEARCA:XLK): The net assets of this fund is one of the largest in the sector at US$ 22.12 billion. There are 76 holdings in this fund and it came into inception on December 16, 1998. Just like iShares, this fund has all the major names in the industry including Visa (NYSE:V), Intel (NASDAQ:INTC) and AT&T (NYSE:T) along with Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOGL)
    • iShares Global Tech ETF (NYSEARCA:IXN): Unlike the other iShare ETF, this fund focuses on technology companies from around the world. Funded in 2001, the exposure of this fund ranges from United States to Japan although US gets the majority of the exposure.

Stocks:

For investors looking to put money into a company, there are a number of options including the large cap technology stocks, 3D printing companies artificial intelligence, robotics, virtual reality and blockchain stocks

Don’t forget to follow us @INN_Technology for real-time news updates!

Securities Disclosure: I, Bala Yogesh, hold no direct investment interest in any company mentioned in this article.

The post What is Technology Investing? appeared first on Investing News Network.

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Bitcoin Makes Massive 10% Gain in 24 Hours

What’s going on with Bitcoin? Yowza.

Last week was an impressive week for the coin but today saw it exceed itself by packing on a massive 10% in gains. Other cryptos are experiencing astronomical growth too; EOS is also seeing a 10% hike this week.

But Bitcoin, in particular, is out front in a league of its own with its massive 10% gain adding $ 9 billion to its market cap in under thirty minutes. 

The coin currently stands at the $ 7,360 mark. But elsewhere coins across the board have added between 5% …

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What Did Crude Oil – Platinum Link Tell Us Last Week?

Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62721.html
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CROP Infrastructure JV Partner “Xhemplar Italia” Increases Production to 25 acres, A 100% Increase In Their Previously Announced Capacity

CROP Infrastructure Corp. (CSE:CROP, OTC:CRXPF) was spotlighted on a FinancialBuzz.com News Commentary in light of the recent nationwide legalization of cannabis for recreational use in Canada on June 19th, 2018.

The article talks about a significant increase in medical and recreational cannabis product sales, a 50% increase compared to 2017. The industry expects to surpass the USD 20 Billion mark by 2022, a 200% increase from 2017.

The article further highlights CROP Infrastructure’s recent breaking news about its 30% owned Italy Joint Venture partner “Xhemplar Italia” that has planted 25 acres or 1,089,000 square feet of high CBD “Cannabis Light” in North Eastern Italy. “This represents over a 100% increase on the previously announced capacity announced in press release dated June 27th 2018.”

CROP Infrastructure Director & CEO Michael Yorke states: “The company is extremely encouraged by the fast pace with which the team at XHemplar has commenced production in Italy. CROPs portfolio of cannabis infrastructure assets now includes cultivation properties in CaliforniaWashington StateNevadaItaly and joint ventures on West Hollywood and San Bernardino dispensary applications. CROP has developed a portfolio of 15 Cannabis brands and also has US and Italian distribution rights to a line of over 55 cannabis topical products. Management will continue to aggressively pursue new world-wide opportunities and expand its portfolio of tenant growers and infrastructure assets in strategic licensed jurisdictions.”

To read the full article, click here.

Click here to connect with CROP Infrastructure Corp. (CSE:CROP, OTC:CRXPF) for an Investor Presentation. 

The post CROP Infrastructure JV Partner “Xhemplar Italia” Increases Production to 25 acres, A 100% Increase In Their Previously Announced Capacity appeared first on Investing News Network.

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Article posted at The Market Oracle http://www.marketoracle.co.uk/Article62718.html
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Constantine Reports First Assay Drill Results from Palmer Project

Constantine Metal Resources (TSXV:CEM) has reported the first round of assay results for a 10,000-meter drill program currently underway at its joint-venture Palmer project in Alaska.

As quoted in the press release:

Wide intervals of silver-gold-zinc-lead-barite mineralization have been intersected in the first two drill holes located 150 meters along strike to the southeast from the AG Zone discovery, increasing the total strike length to 350 meters.

Highlights are as follows:

CMR18-109

  • 4.8 meters grading 436 grams per tonne silver, 1.3 grams per tonne gold, 3.6 percent zinc, 1.6 percent lead, and
  • 12.5 meters grading 217 grams per tonne silver, 1.8 grams per tonne gold, 5.2 percent zinc, 0.7 percent lead

CMR18-110

  • 43.3 meters grading 143 grams per tonne silver, 0.5 grams per tonne gold, 6.5 percent zinc, 2.5 percent lead

Includes 28.8 meters grading 141 grams per tonne silver, 0.5 grams per tonne gold, 9.0 percent zinc, 3.5 percent lead

Garfield MacVeigh, president, commented:

“This is an exceptional start to our 2018 drill program at Palmer. The intersections are major step-outs to our 2017 AG Zone discovery and confirm significant size potential.  We are particularly pleased with the very strong silver and gold contribution to the base metal values and the substantial widths.”

Click here to read the full press release from Constantine Metal Resources (TSXV:CEM).

The post Constantine Reports First Assay Drill Results from Palmer Project appeared first on Investing News Network.

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Crypto Daily News: EOS’s Block.one Gets Funding from PayPal and Bitmain Execs; Boeing Tests Blockchain

Crypto daily news

In today’s edition of Crypto Daily News, we will cover Block.one receiving funding from top execs at PayPal and Bitmain, IBM teaming up with Columbia to launch a Blockchain Research Center, and the airplane maker, Boeing, using blockchain technology.

Crypto Daily News: June 17th, 2018 Block.one Gets Funding

EOS developer Block.one has secured investments from the crypto-mining billionaire Jihan Wu of Bitmain, and the billionaire PayPal co-founder Peter Thiel. Block.one made the official announcement via a press release on its website yesterday.

Block.one’s CEO, Brendan Blumer, made a statement about the investments on the …

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