The Silvergate Bank situation directly affected EOS’ founding company. Price action showed that the token short-term projection could be far from respite. The native token of the EOS Network [EOS] suf...
Tag: Block.one
Block.one Exits its Silvergate Equity Position; Reports Say
Block.one announced that the company exited its Silvergate equity position. The decision was a result of Silvergate’s failure in filing the Annual Report. B1 added that financial institutions should u...
Block.One Unwinds Silvergate Liquidity Position At $83 Million Loss
Amid the major liquidity crisis, Silvergate Bank (NYSE: SI) decided to wind down operations and move into liquidation. This is one of the first and major high-profile blow up in the traditional bankin...
Silvergate Contrarian Bet Soured for Peter Thiel-Backed Block.one, Bill Miller
(Bloomberg) — Just months before Silvergate Capital Corp. announced that it was winding down, banking’s first casualty from the crypto industry’s implosion, a company called Block.one was boosti...
Block.One founder Brendan Blumer lost over $70M on Silvergate
By November 16, EOS and Block.One founder Brendan Blumer had spent over $90 million to buy 9.27% of Silvergate stock. Since then, the crypto-friendly bank has collapsed by over 80% — Blumer has person...
Block.one Crypto Exchange’s Merger with a SPAC Terminated
The crypto exchange of Block.one, Bullish, plan to go public got terminated. Its $9 billion merger with a SPAC got terminated just after four months when courts rejected its $27.5 million settlement i...
Block.one Cans $9B SPAC Merger 4 Months After Scrapped EOS Settlement
Block.one’s crypto exchange Bullish won’t be going public after all. Its $9 billion merger with a SPAC has been terminated just four months after courts rejected its $27.5 million settlement in ...
Founder of EOS Developer Block.One Buys 9.3% of Crypto Bank Silvergate
Brendan Blumer, the founder and CEO of EOS developer Block.One, has bought 9.3% of crypto bank Silvergate Capital (SI), while Block.One bought an additional 7.5%, according to Securities and Exchange ...
Block.one and its CEO become largest Silvergate Capital shareholders
Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS (EOS) coin, has purchased a stake in Silvergate Capital, the holding company for Silvergate Bank, a crypto-fiat ...
Block.one Along With CEO Bought 3M Shares of Silvergate Capital
The paperwork, dated Nov. 23, indicated Nov. 16 as the date of the transaction. This transaction will make them Silvergate’s biggest stakeholder. According to a filing with the SEC, Brendan Blumer, CE...
Block.one and CEO Blumer amass 17% stake in Silvergate
Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company’s stock, according to documents filed with the U.S. Securities...
EOS token jumps 17% following court ruling on Block.one settlement
The price of EOS rose more than 17% on Wednesday, just days after a court ruling in the Southern District of New York. At the time of writing, EOS was trading at $1.51, up more than 28% over the past ...
U.S. Judge Rejects $27.5M Settlement Deal Against Crypto Firm Block.one
Lewis A. Kaplan, a United States Judge in the Southern District of New York, has rejected a $27.5 million settlement in an ongoing class-action lawsuit against blockchain development company Block.one...
Judge won’t okay Block.one settlement after lead plaintiff takes lower offer
Listen to this article. A New York judge has refused to green-light a nearly-$30 million settlement against blockchain software company Block.one on the grounds that the lead plaintiff is unable to pr...