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.

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.

Featured Success Stories

Blockchain

The Burning Debate: Can Blockchain be the Next Solution to Data Sharing?

4 min read  

Business transactions are meant to be secured irrespective of the platform they have been traded upon. It is important for every entrepreneur to take them to parallel with the other processes in the business.Be it the government authorities or any private entrepreneur, the traditional ways of bu

Blockchain

How Blockchain in Supply Chain Management is Transforming Businesses?

4 min read  

Blockchain is a technology that has expanded across multiple sectors including production, IoT, AI, fintech, and banking among others with an unbelievable speed. Due to its features such as transparency, traceability, and improved performance, the technology has become a favorite pick for tech exper

Blockchain

How Blockchain Technology is Revolutionising Fintech in 2020?

4 min read  

Two decades down under, and the 21st century doesn’t fail to amaze you with its innovation. In fact, the pace of it is so fast, that you inevitably put your hands up and give up keeping track of latest technology news. This phenomenon, in its own ubiquity, manifests itself in Finance, pro

Blockchain

Innovative Solutions For Common Blockchain Performance Issues

4 min read  

The blockchain technology is definitely one of the most inventive technologies of this decade. Surprisingly, we still haven't exploited the full potential of this emerging technology. The term ‘blockchain’ rose to fame a couple of years ago when Satoshi Nakamoto (Pseudonym) first pos

Featured Success Interview

Interview

Interview With Coyote Jackson, Director of Product Management, PubNub

MAD Team 4 min read  

MobileAppDaily had a word with Coyote Jackson, Director of Product Management, PubNub. We spoke to him about his journey in the global Data Stream Network and real-time infrastructure-as-a-service company. Learn more about him.

Interview

Interview With Laetitia Gazel Anthoine, Founder and CEO, Connecthings

MAD Team 4 min read  

MobileAppDaily had a word with Laetitia Gazel Anthoine, Founder and CEO, Connecthings. We spoke to her about her idea behind Connecthings and thoughts about the company’s services.

Interview

Interview With Gregg Temperley, Founder Of ParcelBroker App

MAD Team 4 min read  

MobileAppDaily had a word with Gregg Temperley, Founder. We spoke to him about his idea behind such an excellent app and his whole journey during the development process.

App Development

How to Implement Artificial Intelligence and Machine Learning in an Existing App?

MAD Team 11 min read  

AI is for decision making, and ML makes the system to learn new things from data.

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
Join our expansive network, build connections and expand your brand presence.