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August 20, 2014

Bitcoin Wallet Company Acquires Talent from Slovenian Blockchain Explorer

For all the ups and downs readers hear about in the world of cryptocurrency, a small number of powerful companies are still reaching out to designers and engineers to gain their experience in the industry.

A recent article discussed one acquisition that shows a well-funded company using its monetary power in the market to increase its own talent base. Coinbase, a Bitcoin wallet company, purchased Blockr.io reportedly to get under its own wings the talent that runs the popular blockchain explorer.

The blockchain is a distributed public ledger that keeps track of information related to, and essential to, the operation and proliferation of Bitcoins. Blockr.io conducts an operation that allows users to keep an eye on the ledger and learn information about the blocks, addresses, and transactions associated with various cryptocurrencies. Coinbase welcomed the company into its ranks in a blog post this week.

"Today, we're excited to announce that Coinbase has acquired Blockr.io," Coinbase said Aug. 18. "As part of the acquisition, we're able to welcome two of its exceptionally talented employees to the Coinbase team: software engineer Sa?o Matejina and designer Samo Drole."

The big take from the acquisition is that those two individuals have reportedly moved from Slovenia to San Francisco to help develop the Coinbase API. Although Coinbase says Blockr.io will continue to operate as it always has, Matejina and Drole will make the major transition in physical locations to join the full-time Coinbase staff in the U.S.

The Coinbase API allows developers to complete all major Bitcoin operations such as buying, selling, and storing Bitcoins within their own applications. Brian Armstrong, the CEO of Coinbase, hinted that Coinbase may rebrand Blockr.io under the parent company's name at some point in the future, but for now the main purpose of this acquisition was to receive the talent of Matejina and Drole. Neither Armstrong nor the Coinbase blog hinted about possible changes to the API or how the pair of new employees would specifically affect the development of the Coinbase product.




Edited by Stefania Viscusi




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