"We are long EOS," Kyle Samani, managing partner at crypto hedge fund Multicoin Capital, said in an email. "We are still bullish. The recent news is just FUD (fear, uncertainty and doubt)."
In December 2017, Block.one, a publisher of open-source software, said it will invest $1 billion in businesses planning to use its EOSIO software, including via partnerships with former fund manager Michael Novogratz’s Galaxy Digital. Block.one, which employs more than 200 people globally, also has offices in Hong Kong, California and Virginia.
This article was provided by Bloomberg News.