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Block.one CEO Brendan Blumer Reveals His Focus for 2020

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Fri, 05/22/2020 - 15:00
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Vladislav Sopov
EOS.IO open-source software, backed by the Block.one team, is well-known for the diversity of projects that it powers. Not least, is it a result of VC investment activity
Block.one CEO Brendan Blumer Reveals His Focus for 2020
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Despite the fact that the ongoing market recession is nowhere near its end, many investors are treating this sensitive period as being very favorable for new VC programs. Brendan Blumer, the CEO of Block.one company, shares such a perspective.

VC is in the spotlight

Mr. Blumer highlighted that investing in promising projects is at the top of his agenda for this turbulent year. He is enthusiastic about both 'portfolio' companies and ongoing investments.

He has teased new projects to be supported by EOS VC, an investment branch of his company. EOS VC funds and provides mentor support for the products build around EOS.IO open-source software. 

Also, EOS VC launched a hackathon with 1,700 participants and 280 products.

Mr. Blumer asked all interested development teams to contact EOS VC directly by e-mail.

Products of all sorts

Many representatives of projects have started calling for the attention of future investors in the comments of Mr. Blumer's post. Supporters of social media platforms and decentralized blockchain-based games were among the most active.

According to Crunchbase, EOS VC participated in four investment rounds in 2020. On February 24, it was revealed that Agora Innovation, a digital solutions company raised $750K in seed investments with EOS VC involved.

In March, the Big Run game studio also raised some money from EOS VC. In April 2020, a Block.one-backed foundation took part in two venture investment rounds for Gapless and Unrd products.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?

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Fri, 10/23/2020 - 09:24
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Vladislav Sopov
Grayscale, undisputed giant of institutional crypto investments, is celebrating another monstrous milestone, adding a nine-digit sum to AUM in 24 hours
Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?
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Grayscale is an investment company that provides the clients with an exposure to digital currency markets eliminating the need to buy tokens. The firm does it by selling shares of 'trusts' related to certain digital assets. The recently started FOMO has already brought Grayscale's 'asset under management' (AUM) values to previously unseen levels.

Grayscale assets are on steroids

In its most recent report shared in a tweet, Grayscale Investments stated that its net AUM now surpasses $7,300,000,000. Mostly, this upsurge should be attributed to the spikes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) prices.

Grayscale adds $300M to its AUM in 24 hours
Image by Twitter

Its founder, CEO of Digital Currency Group Barry Silbert, unveiled that Grayscale’s holdings added a whopping amount of value in the last 24 hours.

Added a cool $300 million in AUM in one day

In terms of separate ‘trusts’, the most impressive increase is associated with Litecoin (LTC). Its value added almost 10% bringing its total to over $34 mln. 

Bitcoin (BTC) allocation surged above $6 bln with a 5% increase. Notorious Grayscale Ethereum Trust (ETHE) added 6% and now is valued at $942 mln.

PayPal assists Grayscale

By contrast, Stellar Lumens (XLM) and Bitcoin Cash (BCH) trusts witnessed mediocre increases of 2-3%. The only integral product of Grayscale, Large Cap Trust that unites the most valuable coins under its umbrella, therefore, added less than 4%.

The numbers of Grayscale Investments positions rocketed due to the rapid spike of crypto prices associated with PayPal’s decision to add major digital assets to its instrument toolkit.

As covered by U.Today previously, PayPal announced that Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) will be added as payment methods by the end of this year.

  

Following this surprising news, Bitcoin (BTC) revisited its multi-months high over $13,000. At press time, its price has slightly retraced and flirts with the $12,800 level.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)