On July 17, according to foreign media reports, Coinbase, the cryptocurrency exchange, announced the acquisition of Earn.com on Monday. Coinbase did not disclose the purchase amount, but foreign media reported the transaction price exceeded $100 million. As part of this deal, Balaji Srinivasan, founder and CEO of Earn.com, would join Coinbase and served as chief technology officer(CTO). Prior to the founding of Earn, Srinivasan was a joint partner at venture capital firm Andreessen Horowitz. On Monday, Coinbase CEO Brain Armstrong stated in a blog post that Balaji has been one of the most respected technologists in the field of digital currency and was considered one of the few true originalists in the industry. Coinbase stated that Mr.Srinivasan wouldl play the dual technological evangelist status of the cryptocurrency industry and Coinbase. In addition, he would also be responsible for recruiting more talents. In recent months, Coinbase has been recruiting talents. Coinbase was currently undergoing a large-scale acquisition. On Friday, Coinbase announced the acquisition of Cipher Browser, a mobile App browser designed for the Ethereum blockchain.
