Earn.com (Formerly Known As 21.co) Is Joining Coinbase, Confirming Aggressive Acquisition Strategy
In a tweet published today, Balaji S. Shrinavasan, the founder and CEO of Earn.com (previously known as 21.co) announced that Earn.com will be joining forces with Coinbase:
One of the results of this acquisition is that Balaji will now take the role of Chief Technology Officer for Coinbase, according to a blog post confirming the acquisition:
As CTO of Coinbase, Balaji will serve an important role as the technological evangelist for the company. Balaji will evangelize for both crypto and for Coinbase, educating the world and recruiting crypto-first talent to the company.
This is the second major merger announced by Coinbase in less than a week, after the acquisition of Cipher, about which I wrote here.
This is an impressive stretch for Coinbase, 2 major players nailed down in just two days, reminding me of the golden days of dot coms, when, for instance, Netscape decided on an acquisition in a 10 minutes meeting, during lunch break.
Consolidation seems to be the trend in the crypto world these days.
Oh, and probably the most important consequence of these acquisitions is that it proves crypto is a real industry, with major players, making all that FUD spread by mainstream media about the "imminent popping of the bubble" even more ridiculous.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Wow.. Coinbase seems to be in very optimistic mode...Indeed Crypto industry is slowly turning into traditional real industry...
They have to stop doing this or this technology will lose credibility. So much useless announcements nowadays...
There won't be any stopping of this. It will become worse, harder, more, loud, awful.
They, T.P.T.shouldn'tB., will throw everything they can at this.
Fortunately, they have no clue what crypto-currency is.
Like USSR making blue jeans that would never fade, because everyone loved Levis.
This kind of misunderstanding will be their down fall.
The scams will come fast and furious, but they will be easy to see through by anyone who knows and understands cryptos. They will be literally trying to sell you lead as opposed to the real stuff, gold. They won't even bother to plate it.
I am in crypto for gold, when there is bull run, I hedge with gold.
Honestly, I really do not see anything bad in this partnership.
Is an actual "merger" announcement not useful?
Fuck me, Coinbase is buying up everything!! This is a development worth keeping an eye on.
Yeah that's real activity and business happening...
So FUD spreaders are just fools...can't they see???
Interesting, just today i went and updated my earn account, theyre moving notably
welldone sir,good job you have done,keep it up.
always follow you
That confirms that there are still big profits to be made in crypto trading. Failing companies don't make major acquisitions!
What's ridiculous is where I live you can get jailed if found using cryptocurrency.
Great information dear @dragosroua
This really proves that crypto is a real art with the main players, "FBI's bubble" in mainstream media
O thats great i am going to join this thanks for informing us keep it up