Block.One received money from Peter Thiel and Bitmain; EOS hits the highest level since July 9

• EOSIO received more money from large investors.
• EOS/USD moves to the North amid global crypto rebound.

The developer of EOS blockchain and EOSIO protocol closed another round of strategic investments from famous venture capitalist Peter Thiel and ASIC manufacturer Bitmain. Louis Bacon, and Alan Howard are also mentioned as investors however the amounts are not disclosed.

Peter Thiel is known as a PayPal founder and an innovative entrepreneur, who poured cash in Facebook, Airbnb, LinkedIn and Yelp among others.

Bitmain is a leading blockchain hardware manufacturers and the most valuable blockchain company in the world with a market capitalization US$12 billion.

“The EOSIO protocol is a great example of blockchain innovation. Its performance and scalability can meet the needs of demanding consumer applications and will pave the way for mainstream blockchain adoption,” Jihan Wu of Bitmain said cited by the offisial press-release of Block.One.

Block.one CEO Brendan Blumer commented:

“As Block.one prepares to announce its future plans, we’re excited to welcome key strategic investors aligned with our values of creating a more secure and connected world,” said Block.one CEO Brendan Blumer.

Notably, the company received fresh investments after it successfully closed the largest ICO in the cryptocurrency industry, having raised $4B.

EOS token used on the platform takes the 5th place in the cryptocurrency rating with current market value around $7B and average daily trading volume $700M. EOS/USD is changing hands at $8.00, having gained over 8% on a daily basis. A strong bullish bias on the intraday charts suggests that the upside might gain tractions, but the price needs to settle well above $8.00 handle, strengthened by 78.6% Fibo level to confirm the bullish stance.