EOS Parent Firm Block.one Opens Up Headquarters in Washington DC

Published at: Sept. 25, 2019

EOS parent company Block.one is opening its fourth global site located in the Washington, D.C. metropolitan region.

Creating 170 jobs over the next three years

On Sept. 23, Block.one LLC announced that it is opening new headquarters for its United States operations arm in Arlington, Virginia.

The office will purportedly create 170 high-skilled jobs over a period of three years. Block.one CEO Brendan Blumer said:

“Its proximity to the nation’s capital positions us close to the policy innovation around digital assets and distributed ledger technology in the U.S. This expansion opens up important new avenues of talent expansions for us at a time when there is rapidly increasing demand for blockchain-based technologies.”

Virginia Governor Ralph Northam recently said that Block.one would invest $10 million into the Arlington area. He also expressed hope that the new headquarters will improve Virginia’s reputation with the IT sector.

According to the governor, Block.one is eligible to receive a Major Business Facility Job Tax Credit for new, full-time jobs created, and was approved a $600,000 grant from the Commonwealth’s Opportunity Fund to assist Arlington County with the project.

Block.one announces new social media platform Voice

Cointelegraph reported in June that Block.one announced the launch of Voice, a blockchain-based social media platform.

Although details about Voice have been sparse, that month saw the company pay a whopping $30 million in cash to purchase its new domain name: Voice.com.

Tags
Eos
Related Posts
Research: China Leads World in Tether Trading Volumes in 2019
Chinese cryptocurrency exchanges facilitate 60% of all stablecoin tether (USDT) trading globally, according to an analysis by Diar on June 3. According to the report, Chinese exchanges in 2019 thus far account for over $10 billion in USDT trading. The United States, in contrast, is said to account for only $450 million of USDT traded. Global exchange giants Binance and Bitfinex reportedly account for close to the remaining amount of Tether traded, accounting for 31% of USDT activity. Additionally, the analysis concludes that the trading numbers are not misleading. According to their findings, a similar amount of sending and receiving …
Blockchain / June 4, 2019
What the SEC can learn from the German regulator
The United States Securities and Exchange Commission’s chairperson Gary Gensler announced this month that the crypto industry should not escape the purview of the regulator. He highlighted that decentralized finance (DeFi) trading and lending protocols need particular attention when it comes to investor protections. Regulation can extend into a menu of options that covers custody, reporting, counterparty verification and asset classification and issuance. Reports are surfacing that people are waiting with bated breath on how the SEC will regulate the DeFi industry, but Germany's Federal Financial Supervisory Authority, also known as BaFin, has found a way to apply existing securities …
Technology / Aug. 12, 2021
ICO Rating Settles With SEC Over Alleged Anti-Touting Violations
The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20. In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933 by failing to disclose payments it received from initial coin offering (ICO) issuers it rated and published on its platform. Melissa Hodgman, Associate Director of the SEC’s Enforcement Division, said: “The securities laws require promoters, including both people and entities, to disclose compensation they receive for touting investments so that …
Blockchain / Aug. 20, 2019
Major Bank CEOs Testify at US Congress, Topics Include Blockchain and Crypto
Chief executive officers of leading banks testified before the United States House of Representatives Financial Services Committee on April 10 on how the banking industry has transformed since the 2008 financial crisis. Among many topics spanning the breadth of the banking industry, the CEOs and lawmakers discussed blockchain technology and cryptocurrencies. During his allotted time for questioning, Rep. Warren Davidson (R) argued that the industry is entering into a new era of innovation, wherein blockchain technology is transforming existing financial systems, as well as cybersecurity. Davidson also noted that the U.S. is currently staggering behind due to regulatory certainty issues. …
Blockchain / April 10, 2019
Argentina’s Dep. Finance Minister: Crypto Adoption Could Reduce Demand for US Dollar
Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29. In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs. Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United …
Adoption / March 29, 2019