Billionaires back blockchain company Block.one’s new crypto exchange
- Date: 12-May-2021
- Source: The National
- Sector:Technology
- Country:Middle East
Billionaires back blockchain company Block.one’s new crypto exchange
A blockchain software company backed by billionaires Peter Thiel, Louis Bacon and Alan Howard launched a new cryptocurrency exchange focused on decentralised finance (DeFi).
The new entity, called Bullish Global, is capitalised with over $10 billion in cash and digital assets, including an initial cash injection of about $100 million by Block.one, a $300m funding round, 164,000 Bitcoin and 20 million of the company's own EOS crypto tokens.