America's largest cryptocurrency exchange Coinbase acquired Earn.com for $120 million. This is her fifth and largest purchase to date. In addition, Coinbase hired Earn.com CEO Balaji Srinivasan as head of technical support. Balaji said he is excited to join Coinbase as it is a leader in the development of the blockchain environment.
Earn.com was launched in 2013 as a manufacturer of bitcoin mining equipment. In 2017, the site rebranded as a social network where people can earn money by answering questions or completing user tasks.
Despite recent volatile price fluctuations in cryptocurrency, Balaji Srinivasan has no doubt about the strong future of blockchain and bitcoin.
More companies are interested in the technology behind cryptocurrencies, as experts predict the revolutionary technology will transform finance, logistics management, healthcare and even the music business.
On April 16, Samsung Electronics announced that it may soon begin using blockchain in its operations to track international shipments, which will reduce shipping costs by 20%.
“This will have a huge impact on manufacturing industry supply chains. Blockchain is the core platform that drives our digital transformation,” Song Kwang-Woo, a blockchain specialist at Samsung, told Bloomberg.
Last week, Ripple invested the equivalent of $25 million in XRP into the Blockchain Capital Parallel IV fund, which will finance blockchain ventures.
Another striking trend is the involvement of the educational environment, with a growing number of economics students leaving their jobs at traditional financial firms on Wall Street to join blockchain startups.
“Many with traditional financial education and experience are leaving their stable jobs to participate in blockchain developments,” Robbie Mitchnick, an economics student at Stanford University, told CNBC.
According to https://btcmanager.com
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