{"id":514938,"date":"2022-11-24T01:05:00","date_gmt":"2022-11-23T22:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/block-one-and-its-ceo-become-largest-silvergate-capital-shareholders\/"},"modified":"2022-11-24T01:05:00","modified_gmt":"2022-11-23T22:05:00","slug":"block-one-and-its-ceo-become-largest-silvergate-capital-shareholders","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/block-one-and-its-ceo-become-largest-silvergate-capital-shareholders\/","title":{"rendered":"# Block.one and its CEO become largest Silvergate Capital shareholders"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27391acc499\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27391acc499\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/block-one-and-its-ceo-become-largest-silvergate-capital-shareholders\/#%E2%80%9D_Blockone_and_its_CEO_become_largest_Silvergate_Capital_shareholders_%E2%80%9C\" >&#8221; Block.one and its CEO become largest Silvergate Capital shareholders &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Blockone_and_its_CEO_become_largest_Silvergate_Capital_shareholders_%E2%80%9C\"><\/span>&#8221; Block.one and its CEO become largest Silvergate Capital shareholders &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZGFhOTk4ZjQtYzU5Ny00MTk3LTk2NWMtZTJhZjJjODA0MjA1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5129e2ea>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 gateway network designed for financial institutions, according to an SEC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1312109\/000095010322020044\/dp184614_sc13g-blumer.htm\">filing<\/a>. That document, dated Nov. 23, listed Nov. 16 as the date of the transaction.<\/p>\n<p>The purchase of nearly 3 million shares represents 9.27% of Silvergate stock. Blumer purchased 571,351 shares personally, and Block.one purchased 2,363,186. According to CNN, this deal will <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/money.cnn.com\/quote\/shareholders\/shareholders.html?symb=SI&amp;subView=institutional\">make<\/a> them Silvergate\u2019s largest shareholder. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BrendanBlumer?ref_src=twsrc%5Etfw\">@BrendanBlumer<\/a> founder of EOS buys 9.27% of Silvergate Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SI<\/a> + his company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/tZqWL2yAx6\">https:\/\/t.co\/tZqWL2yAx6<\/a> buys 7.64%<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Wh64Odn9Nr\">https:\/\/t.co\/Wh64Odn9Nr<\/a><\/p>\n<p>\u2014 yeezus (@yeezuscapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/yeezuscapital\/status\/1595483227073961985?ref_src=twsrc%5Etfw\">November 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Block.one raised a record-breaking $4 billion in its initial coin offering (ICO) for EOS in 2017-2018. Later, the United States Securities and Exchange Commission (SEC) charged Block.one with not registering its ICO. Block.one settled with the SEC for $24 million. Block.one was also the object of class action suits by EOS investors over money-raising issues and, later, the coin\u2019s market performance. The EOS Network Foundation announced plans to sue Block.one for $4.1 billion in February. The network became fully decentralized in September. <\/p>\n<p>Block.one also founded the Bullish crypto exchange.<\/p>\n<p><strong><em>Related: Inside the blockchain developers\u2019 mind: Can EOS deliver a killer <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> D<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>?<\/em><\/strong><\/p>\n<p>Silvergate saw mixed Q3 results this year, with crypto-to-fiat transfers falling by $50 billion year-on-year, although profits rose 84% to $43.33 billion in the same period. The bank had partnered with Facebook (now Meta) to issue the Diem stablecoin. Then the project was sold to Silvergate, which said it would integrate it into its Silvergate Exchange Network. Silvergate intended to issue a stablecoin this year, but announced a delay in the launch in October, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.axios.com\/2022\/10\/24\/crypto-bank-money-tokenized-dollars-stablecoins-silvergate\">reportedly<\/a> because of distribution problems.<\/p>\n<p>Meta employees and others who had worked in Diem went on to create the Aptos network. Silvergate has also partnered with Crypto.com.<\/p>\n<p><em>Block.one did not response to a Cointelegraph enquiry by the time of publication.<\/em><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/block-one-and-its-ceo-become-largest-silvergate-capital-shareholders\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Block.one and its CEO become largest Silvergate Capital shareholders &#8220; 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 gateway network designed for financial institutions, according to an SEC filing. That document, dated&#8230;<\/p>\n","protected":false},"author":1,"featured_media":514939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvZGFhOTk4ZjQtYzU5Ny00MTk3LTk2NWMtZTJhZjJjODA0MjA1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74888,117],"class_list":["post-514938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banking","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=514938"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/514939"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=514938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=514938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=514938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}