Mike Sullivan
Crypto Newsletter

EOS Creator Expands Into Social Media

By  |  June 5, 2019 1:12 PM PDT
Photo: Mike Sullivan

It should surprise no one that the winner of a charity auction for a lunch with Warren Buffett was a crypto entrepreneur who hopes to sell the investing legend on crypto’s merits. Justin Sun, founder of the blockchain Tron, will donate $4.6 million for the chance to discuss the potential uses he sees for Tron’s cryptocurrency. “Even if I can't convince him to invest in blockchain, I expect good food and great conversation,” Mr. Sun said through a spokesman.

Speaking of crypto merging with traditional industries, Facebook continues to dive deeper into crypto, as The Information reported today, and a major crypto company is trying to create a social network. Block.one, which created the EOS.IO network, announced this past weekend that it was launching a platform to compete with Facebook and Twitter. We have more below on what that could mean for crypto and for the Peter Thiel–backed Block.one, which raised $4 billion in a much-hyped ICO that ended last year. Plus, an update on Kik’s legal troubles.

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