Blockchain

Neutrino Gets Acquired By Coinbase In A Bid To Boost Security

Coinbase has not revealed the acquisition amount paid for Neutrino

Neutrino Gets Acquired By Coinbase In A Bid To Boost Security

Coinbase, a digital currency exchange has added another feather in its cap by acquiring blockchain technology's intelligence startup, Neutrino. The acquisition amount paid by the world’s most valuable crypto company is not disclosed yet.

The new move will also help Coinbase to add more cryptocurrencies to its kitty, as the Italy based company was already looking up to include new crypto assets.

Varun Srinivasan, the Coinbase’s engineering director, wrote on his blog post,

Existing eight employees of Neutrino will relocate to Coinbase’s London office and from there they will service their existing and new clients. The company’s main focus will be on improving theft prevention and security while their future pipeline will include employing their best people in analyzing the new revenue source for Coinbase.

Neutrino being its eleventh acquisition to date, Coinbase has bagged more than $500 million from the multiple investors. Most recently, it has raised $300 million in series E round funding which gave them a boost in their valuation of $8 billion.

Instead of acquiring on the basis of the quantity, they like to focus on the quality as they tend to close the deal involving better engineering and skillful support for their expanding business. In December 2018 Coinbase’s COO Asif Hirji hinted to include as many meaningful coins as possible in the upcoming year.

According to Srinivasan, in comparison with its closest rivals like Chainaysis and Whitestream, Neutrino’s team is much capable and efficient in performance. In addition to its efficient work rate, Neutrino’s wider reach in European countries will ultimately strengthen the grip of Coinbase in the region.

Vikram <span>Content Manager</span>
Written By
Vikram Content Manager

Vikram is an experienced wunderkind, who embraced technology at a very early age, and today he is at the helm of it. Mobile apps are something that excites him the most, and now he is up to give this vertical the best shot. He routinely catches up with the new apps and comes up with the top apps that can excite you to the core.

Blockchain

Can Cryptocurrency Decode The Financial Crisis Of Africa?

4 min read  

Africa remains one of the regions where the significant chunk of the population doesn’t own bank accounts. Banking system stays to be in deplorable condition. People in Africa believes more in cash or barter system for the local payments, which can drastically pull-down any economy. So, some m

Blockchain

10 Ways How Bitcoin Could be Hacked

4 min read  

The blockchain system is considered one of the safest in the world at the moment. Together with other factors, it makes the price for a coin unexpectedly high. The bitcoin owners believe this is the safest and the most perspective cryptocurrency in the world which will lead humanity to financial uto

Blockchain

Bitcoin's Real Worth Might Be $0 Warns Morgan Stanley

4 min read  

The financial mechanism of bitcoin is as tough as the concept itself. The virtual digital currency has created all the hype all these years only to break all the records (the worth) the cryptocurrencies had ever made. Bitcoin was all there in the news owing to the worth it has gained in a short-time

Blockchain

Top 5 Cryptocurrencies To Help You Make A Fortune

4 min read  

The cryptocurrency rage in 2017 was a massive one, which truly impacted every millennial investor out there in the market keen to invest in the virtual currency ecosystem. Owing to the worth cryptocurrency hold today, every investor is interested in owning some share of profit from the same. And, wh

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH