Crypto News

Peter Thiel (Paypal Founder) Invests in Crypto

Investing in the company behind the popular blockchain protocol EOS.

Paypal founder Peter Thiel has made a crypto investment in Block.one. The Chinese chip maker and crypto mining company Bitmain is also part of the capital round. This is stated in a press release.

The investment round takes place in the light of Block.one’s recent appointment of the former CFO of the Commonwealth Bank of Australia bankruptcy as Chief Executive Officer.

The flagship project EOS was launched in May last year and has become very popular as a blockchain platform, according to the press release.

Peter Thiel and Bitmain is leading the investment round. Block.one is behind the blockchain protocol EOS, which Bitmain states is an excellent example of innovation in the area.

Source: CNBC

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