Coinbase Acquires Earn.com

Earn.com is a social media platform that teaches people about how to earn and to spend Bitcoins. Balaji Srinivasan runs this startup company. He is the CEO of the company. Now, Coinbase has staked a claim of earn.com and has made Balaji Srinivasan as its Chief Technology Officer.

The terms of the deal were not revealed to anyone by Coinbase or earn.com. They were jointly known as 21.co and were rebranded late last year. It is believed that the Coinbase had to spend $100 million to acquire earn.com.

Srinivasan was an elated man and said that everyone is at the back of Coinbase as it is the king as far as blockchain in the U.S. is concerned. The company is making a lot of top-level hires and this shows that it is forging ahead. He is happy that a lot of talented minds are getting ready to work for Coinbase.

Srinivasan is looking to improve the rankings of Coinbase and wants to add more stars to it by hiring the best engineers in the industry. He is looking to make changes to the blockchain and cryptocurrency technology for the betterment of the industry. He wants to create an innovative internal tech strategy that also involves earn.com.

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About the Author: Colleen Kerr

Colleen is a financial reporter, focusing on technology, national security, and all things mobile. Before joining the BitCoinPlussNews, she worked as a staff writer at Huff Post and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.

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