[ad_1] <br><div data-v-5129e2ea=""><p>Brendan Blumer, CEO of Block.one, which developed the EOSIO blockchain platform and EOS (<a target="_blank" href="https://cointelegraph.com/eos-price-index" rel="noopener">EOS</a>) coin, has bought a stake in Silvergate Capital, the holding firm for Silvergate Financial institution, a crypto-fiat gateway community designed for monetary establishments, in response to an SEC <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1312109/000095010322020044/dp184614_sc13g-blumer.htm" rel="noopener nofollow">filing</a>. That doc, dated Nov. 23, listed Nov. 16 because the date of the transaction.</p><p>The acquisition of practically 3 million shares represents 9.27% of Silvergate inventory. Blumer bought 571,351 shares personally, and Block.one bought 2,363,186. In keeping with CNN, this deal will <a target="_blank" href="https://money.cnn.com/quote/shareholders/shareholders.html?symb=SI&subView=institutional" rel="noopener nofollow">make</a> them Silvergate’s largest shareholder. </p><blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a target="_blank" href="https://twitter.com/BrendanBlumer?ref_src=twsrc%5Etfw" rel="noopener">@BrendanBlumer</a> founding father of EOS buys 9.27% of Silvergate Capital <a target="_blank" href="https://twitter.com/search?q=%24SI&src=ctag&ref_src=twsrc%5Etfw" rel="noopener">$SI</a> + his firm <a target="_blank" href="https://t.co/tZqWL2yAx6" rel="noopener">https://t.co/tZqWL2yAx6</a> buys 7.64%<a target="_blank" href="https://t.co/Wh64Odn9Nr" rel="noopener">https://t.co/Wh64Odn9Nr</a></p>— yeezus (@yeezuscapital) <a target="_blank" href="https://twitter.com/yeezuscapital/status/1595483227073961985?ref_src=twsrc%5Etfw" rel="noopener">November 23, 2022</a></blockquote>
<p>Block.one <a target="_blank" href="https://cointelegraph.com/news/eos-about-to-secure-a-record-4-bln-in-year-long-ico" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/eos-about-to-secure-a-record-4-bln-in-year-long-ico/amp" rel="noopener">raised a record-breaking</a> $4 billion in its preliminary coin providing (ICO) for EOS in 2017-2018. Later, the US Securities and Alternate Fee (SEC) <a target="_blank" href="https://cointelegraph.com/news/sec-reaches-24-million-settlement-with-eos-parent-firm-blockone" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/sec-reaches-24-million-settlement-with-eos-parent-firm-blockone/amp" rel="noopener">charged Block.one with not registering</a> its ICO. Block.one settled with the SEC for $24 million. Block.one <a target="_blank" href="https://cointelegraph.com/news/eos-community-ramps-up-battle-for-organization-control-against-former-developer-block-one" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/eos-community-ramps-up-battle-for-organization-control-against-former-developer-block-one/amp" rel="noopener">was also the object</a> of sophistication motion fits by EOS buyers over money-raising points and, later, the coin’s market efficiency. The EOS Community Basis <a target="_blank" href="https://cointelegraph.com/news/eos-network-foundation-reveals-plans-to-pursue-a-4-1b-lawsuit-against-block-one" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/eos-network-foundation-reveals-plans-to-pursue-a-4-1b-lawsuit-against-block-one/amp" rel="noopener">announced plans to sue</a> Block.one for $4.1 billion in February. The community <a target="_blank" href="https://cointelegraph.com/news/eos-price-jumps-20-for-biggest-gain-in-15-months-what-s-fueling-the-uptrend" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/eos-price-jumps-20-for-biggest-gain-in-15-months-what-s-fueling-the-uptrend/amp" rel="noopener">became fully decentralized</a> in September. </p><p>Block.one <a target="_blank" href="https://cointelegraph.com/news/crypto-world-largely-silent-as-little-known-exchange-announces-plans-to-go-public" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/crypto-world-largely-silent-as-little-known-exchange-announces-plans-to-go-public/amp" rel="noopener">also founded the Bullish</a> crypto change.</p><p><strong><em>Associated: <a target="_blank" href="https://cointelegraph.com/news/inside-the-blockchain-developers-mind-can-eos-deliver-a-killer-social-dapp" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/inside-the-blockchain-developers-mind-can-eos-deliver-a-killer-social-dapp/amp" rel="noopener">Inside the blockchain developers’ mind: Can EOS deliver a killer social DApp?</a></em></strong></p><p>Silvergate <a target="_blank" href="https://cointelegraph.com/news/crypto-biz-bear-market-claim-another-casualty" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/crypto-biz-bear-market-claim-another-casualty/amp" rel="noopener">saw mixed Q3 results</a> this 12 months, with crypto-to-fiat transfers falling by $50 billion year-on-year, though earnings rose 84% to $43.33 billion in the identical interval. The financial institution had <a target="_blank" href="https://cointelegraph.com/news/diem-parters-with-silvergate-bank-to-launch-stablecoin-in-the-us" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/diem-parters-with-silvergate-bank-to-launch-stablecoin-in-the-us/amp" rel="noopener">partnered with Facebook</a> (now Meta) to problem the Diem stablecoin. Then <a target="_blank" href="https://cointelegraph.com/news/mark-zuckerberg-s-stablecoin-project-diem-officially-shuts-down" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/mark-zuckerberg-s-stablecoin-project-diem-officially-shuts-down/amp" rel="noopener">the project was sold</a> to Silvergate, which stated it might combine it into its Silvergate Alternate Community. Silvergate supposed to problem a stablecoin this 12 months, however introduced a delay within the launch in October, <a target="_blank" href="https://www.axios.com/2022/10/24/crypto-bank-money-tokenized-dollars-stablecoins-silvergate" rel="noopener nofollow">reportedly</a> due to distribution issues.</p><p>Meta workers and others who had labored in Diem <a target="_blank" href="https://cointelegraph.com/news/diem-team-members-raise-200m-to-launch-blockchain-derived-from-it" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/diem-team-members-raise-200m-to-launch-blockchain-derived-from-it/amp" rel="noopener">went on to create</a> the Aptos community. Silvergate has additionally <a target="_blank" href="https://cointelegraph.com/news/crypto-com-and-silvergate-enable-institutions-to-buy-and-sell-crypto-with-usd" data-amp="https://cointelegraph-com.cdn.ampproject.org/c/s/cointelegraph.com/news/crypto-com-and-silvergate-enable-institutions-to-buy-and-sell-crypto-with-usd/amp" rel="noopener">partnered with Crypto.com</a>.</p><p><em>Block.one didn't response to a Cointelegraph enquiry by the point of publication.</em></p><template data-name="subscription_form" data-type="crypto_biz"/> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiY2h0dHBzOi8vY29pbnRlbGVncmFwaC5jb20vbmV3cy9ibG9jay1vbmUtYW5kLWl0cy1jZW8tYmVjb21lLWxhcmdlc3Qtc2lsdmVyZ2F0ZS1jYXBpdGFsLXNoYXJlaG9sZGVyc9IBAA?oc=5">Source link </a>