BRD Wallet and Untied Security – Coinbase Acquires 2 Companies in Less than a Week – Bitcoin News


The listed crypto asset exchange Coinbase has announced that the company has acquired the Israeli company Unbound Security. The announcement follows Coinbase’s acquisition of the BRD cryptocurrency wallet last week, and the acquisition of Unbound targets the company’s “commitment to providing the safest, most secure, and most trusted place for everyone to interact with [crypto economy]. “

Coinbase acquires Israeli company Unbound Security

Since it was listed on the stock exchange (Nasdaq: COIN), Coinbase has acquired a number of smaller companies. Prior to listing on the Nasdaq, the company acquired Bison Trails, and on April 30, crypto-focused data analytics firm Skew announced that it had been bought by Coinbase. The listed crypto asset exchange bought Zabo on in August and Coinbase acquired Agara in the first week of November. Last week Coinbase announced two more acquisitions.

On Tuesday, Coinbase announced the acquisition of Unbound Security, a company that uses multi-party computing technology. Coinbase claims that Unbound’s multi-party computation technology “will play a fundamental role in Coinbase’s product and security roadmap.” The move will also increase Coinbase’s presence in Israel, the crypto exchange points out. Coinbase says Israel is “a breeding ground for strong tech and cryptography talent”.

In addition, Coinbase plans to “establish a technology center in Israel that will ensure that Coinbase is always up to date with the latest security and blockchain technology”. The company insists that it will gain insights from some of the world’s most famous cryptography experts.

“With this acquisition, Coinbase not only has access to some of the world’s most experienced cryptographic security experts, including Unbound Security co-founder and current Vice President of Research and Development, Guy Peer, who has over 20 years of cryptographic security experience a presence in Israel, an established and fast growing technology hub, ”added Coinbase.

Coinbase acquired BRD Wallet last week for an undisclosed amount

Six days before the announcement of the acquisition of Unbound Security, it was announced that Coinbase had acquired the open source BRD wallet. Adam Traidman The Co-Founder and CEO of BRD stated that since its inception in 2014, BRD has grown to a community of 10 million customers. “We would like to share the news that members of our team will continue our mission at Coinbase, where we will work together to bring the power of decentralization to even more users around the world,” Traidman wrote on November 24th to BRD- User.

Traidman added that “nothing will change about the BRD wallet app”, but in the future BRD wallet users “will have an optional migration path for self-custody with Coinbase Wallet”. Additionally, BRD users who migrate will receive a “special gift,” and Traidman added that BRD users should stay tuned in 2022. The native token bread (BRD), which is linked to the FRG community, was able to increase the value of the coin by more than 500%. in the past week and is still up 460% at the time of writing.

Tags in this story

Adam Traidman, brd, BRD CEO, BRD Coin, BRD Wallet, Coinbase, Coinbase Acquisition, Coinbase Exchange, Coinbase Israel, cryptographic security experts, Guy Peer, Israel, Israeli company, multi-party computing technology, Tech Hub, Unbound Security

What do you think of Coinbase’s takeover of Unbound Security and the takeover of BRD last week? Let us know what you think on this matter in the comments below.

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BRD Wallet and Untied Security - Coinbase Acquires 2 Companies in Less than a Week - Bitcoin News

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