Tag: EOS

Whatever happened to EOS? Community shoots for unlikely comeback – Cointelegraph Magazine

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Whatever happened to EOS? After the biggest ICO in history, the former top 10 token now languishes around number 53. But the community has since taken back control and is determined to restore the smart contract platform to its former glory. If you’re a newcomer to the crypto industry, you may not even be familiar with The Biggest ICO in History, which launched EOS. EOS began in June 2018 with great fanfare, an active community and strong tech. Led by Dan Larimer, of Steemit and Bitshares fame, there was a…

EOS EVM to allow interoperability across Ethereum, EOS

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EOS EVM emulates the Ethereum Virtual Machine (EVM) and allows for the deployment of decentralized applications (DApps) written in Solidity, the programming language used by the vast majority of web3 developers. The EOS Network Foundation (ENF) has announced the beta launch of the EOS EVM Mainnet, which aims to improve interoperability between two blockchain ecosystems, Ethereum and EOS. This release is expected to enable interoperability between these networks. Launching April 14th: The next generation of EVMs is almost here. At 800+ swaps per second, $EOS EVM is BY FAR the…

EOS Network lands $60M investment and partnership from DWF Labs

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In its most substantial investment to date, DWF Labs, a digital asset market maker and investment firm, has announced an alliance with the EOS Network Foundation (ENF), entailing an investment deal worth over $60 million. EOS is a Layer-1 network for developers looking to build blockchain-based games (GameFi) and deploy decentralized applications (dApps). DWF is bolstering the EOS Network by means of a $45 million EOS token purchase agreement and a $15 million pledge to invest in businesses and projects based on EOS. This pledge is aimed at expediting the…

Bitcoin price turns $28K to support, opening the door for ETH, MATIC, HBAR and EOS to breakout

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The market witnessed a major banking crisis in March as Silicon Valley Bank and Signature Bank failed and Silvergate Bank entered liquidation as the result of dire financial distress. In Europe, the government brokered a forced takeover of Credit Suisse by UBS. Still, the United States equities markets and the European stock markets closed the month on a positive note. The cryptocurrency market was also shaken by volatility, but Bitcoin (BTC) gained about 23% in March. Going forward, the picture looks encouraging for Bitcoin bulls in April and data from…

EOS price turns bullish following EVM launch

EOS blockchain recently announced plans to incentivize its developer community in anticipation of the launch of the Ethereum Virtual Machine (EVM), scheduled for next month. The price of EOS has increased by nearly 8% in the past week. EOS to give $50,000 in incentives ahead of EVM launch The EOS blockchain, launched in 2018 is aiming to go back to the top again after failing to live up to its hype over the years.  According to CEO Yves La Rose, the EOS Network foundation is preparing a scheduled upgrade of…

EOS Unveils Ecosystem Incentivization Ahead of EVM Launch

Layer-1 blockchain protocol, EOS has unveiled plans to incentivize its developer community as it looks to welcome its long-awaited Ethereum Virtual Machine (EVM) integration. According to a CoinDesk report, the proposed cash incentive to build EVM-compatible applications on the EOS blockchain will range from $5,000 to $50,000. However, this will be dependent on the size and scope of the initiative. EOS is one of the legacy protocols which came into the limelight back in 2018 through its Initial Coin Offering (ICO) which ultimately helped it generate close to $4 billion…

EOS, STX, IMX and MKR show bullish signs as Bitcoin searches for direction

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The United States equities markets made a strong recovery this week but Bitcoin (BTC) failed to follow suit. This means that cryptocurrency investors stayed away and could be worried by the ongoing problems at Silvergate bank. These fears could be what is behind the total crypto market capitalization dropping to nearly $1 trillion. The behavior analytics platform Santiment said in a report on March 5 that there was a “huge spike of bearish sentiment” according to their bullish versus bearish word comparison Social Trends chart. However, the firm added that…