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BRD wallet and untied security – Coinbase acquires 2 companies in less than a week – Bitcoin News


Listed crypto-asset exchange Coinbase announced that the company had acquired Israeli firm Unbound Security. The announcement follows Coinbase’s acquisition of the BRD cryptocurrency wallet last week and the acquisition of Unbound is aimed at “the company’s commitment to providing the safest, most secure, and most secure location. more reliable so that anyone can interact with the [crypto economy]. “

Coinbase acquires Israeli company Unbound Security

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

On Tuesday, Coinbase announced the acquisition of Unbound Security, a company that works with multi-party compute technology. Coinbase says Unbound’s multi-party compute 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 it believes Israel is “a hotbed of strong tech and crypto talent.”

In addition, Coinbase plans to “establish a center of technological excellence in Israel that will ensure that Coinbase is always at the forefront of security and blockchain technology.” The company stresses that it will get information from some of the most prominent crypto experts.

With this acquisition, Coinbase not only has access to some of the world’s most sophisticated crypto security experts, including Unbound Security co-founder and current VP of Research and Development Guy Peer, who brings more 20 years of experience in crypto security, but also a presence in Israel, a well-established and rapidly growing technology hub, ”Coinbase added.

Coinbase acquired the BRD wallet last week for an undisclosed sum

Six days before the announcement of the acquisition of Unbound Security, it was revealed that Coinbase had acquired the open source BRD wallet. Adam Traidman BRD co-founder and CEO explained that BRD has grown into a community of 10 million customers since its inception in 2014. “We would like to share the news that our team members 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 to BRD users on Nov. 24.

Traidman further added that “nothing will change in the BRD wallet application”, but in the future BRD wallet users “will have an optional migration path to self-custody with Coinbase Wallet”. Additionally, BRD users who migrate will receive a “special gift” and Traidman added that BRD users are expected to stay tuned in 2022. The native BRD community-linked token, bread (BRD), has seen the value of the coin rose over 500% last week and is still up 460% at the time of writing.

Tags in this story

Adam Traidman, brd, CEO of BRD, BRD coin, BRD Wallet, Coinbase, Coinbase Acquisition, Coinbase Exchange, Coinbase Israel, Crypto Security Experts, Guy Peer, Israel, Israeli Company, Multiparty Computing Technology, Tech Hub, Unbound Security

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

Image credits: Shutterstock, Pixabay, Wiki Commons, Coinbase,

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