• Tue, 12 Nov 2019, 09:07 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Coinbase acquires blockchain intelligence platform Neutrino

Photo: Glassdoor

Tue, 19 Feb 2019, 12:00 pm UTC

Crypto exchange Coinbase has acquired blockchain intelligence startup Neutrino, CoinDesk reported. The terms of the acquisition have not been disclosed

Founded in 2016, Neutrino is a blockchain intelligence firm focused on developing solutions for monitoring, analyzing and tracking cryptocurrency flows across multiple blockchains, providing actionable insight on the whole cryptocurrency ecosystem.

Speaking with CoinDesk, Coinbase’s director of engineering and product, Varun Srinivasan said that Neutrino would help in identifying “which new tokens are gaining value and gaining traction in the space.”

In an online post, Coinbase said that Neutrino will continue to operate as a standalone business based out of Coinbase’s London office.

“By analyzing data on public blockchains, Neutrino will help us prevent theft of funds from peoples’ accounts, investigate ransomware attacks, and identify bad actors. It will also help us bring more cryptocurrencies and features to more people while helping ensure compliance with local laws and regulations,” it said.

Commenting on the acquisition, Neutrino CEO Giancarlo Russo said that it was an important milestone for innovation in Italy, where it is based, adding:

“We decided to join Coinbase because we’re totally aligned with the company’s mission of building an open financial system and we share the same commitment to regulation, compliance and security in the cryptocurrency space.”

This marks Coinbase’s second acquisition this year following Blockspring last month. The company also made a number of acquisitions in 2018 including mobile ethereum wallet Cipher Browser, digital identity startup Distributed Systems, and Earn.com.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,777.49 (+0.07%)
  • Ethereum (ETH) $186.14 (-0.18%)
  • XRP (XRP) $0.271400 (-1.69%)
  • Bitcoin Cash (BCH) $288.53 (-0.31%)
  • Litecoin (LTC) $61.58 (-1.56%)
  • Bitcoin (BTC) $8,777.49 (+0.07%)
Nov 12, 2019 (Tuesday)
12:28
UPS and HerdX track and monitor beef shipment from U.S. to Japan using blockchain technology
12:12
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:10
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:13
China's forex regulator SAFE expands blockchain cross-border financing pilot to 19 provinces
10:12
eToroX adds support for Dash, USDC, USDT and GOLDX/BTC, announces 5 new stablecoins
10:03
Crypto Technicals: XLM/USD downside limited, holds support at 5-DMA
09:19
Crypto Technicals: NEO/USD consolidates around 200-DMA, bias bullish
09:19
CoinMarketCap releases Liquidity metric geared towards filtering out market manipulation
09:02
Bittrex to release funds of frozen accounts following OFAC’s go-ahead but requirements need to be met first
07:50
Film and tech executives to launch blockchain working group at American Film Market
07:39
Crypto Technicals: XRP/USD holds cloud support, intraday bias bearish
07:20
Crypto Technicals: ETH/USD holds 21-EMA support, intraday bias neutral
06:53
Banque de France seeks crypto analyst, development engineer for various financial applications
06:48
Bithumb Global announces native token for its blockchain platform ‘Bithumb Chain’
06:33
Crypto Technicals: BTC/USD holds support at 4H 200 SMA (8666), break below to see more weakness
06:03
BIS appoints Benoit Coeure as the head of new Innovation Hub; Group to foster fintech cooperation between central banks
05:53
Bakkt opens bitcoin custody service to all institutions
04:52
Free 7-week crypto lectures to be launched by venture capital firm Andreessen Horowitz
04:46
Alibaba partners with Lolli to reward shoppers with bitcoin
03:42
Chinese-state run publication releases positive report about Bitcoin
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft