Coinbase Acquires Decentralized Crypto Wallet

Cipher Browser is the full-featured mobile dapp browser and wallet for the Ethereum blockchain, which allows users to interact with dapps powered by Ethereum
16 April 2018   509

A week ago we have reported about the launch of Coinbase Ventures, whose goal is to help the most compelling companies to flourish. Its focus is on building strong relationships and helping to spur on the development of the ecosystem. It has emerged that Coinbase is going to buy the open source, decentralized application and wallet, Cipher Browser.

Coinbase and CipherCoinbase and Cipher

Cipher Browser is the full-featured mobile dapp browser and wallet for the Ethereum blockchain, which allows users to interact with dapps powered by Ethereum on mobile devices, and makes it easy to securely store, send and receive Ether and ERC20 tokens.

Both companies are committed to building the best Web 3 experience on mobile, as the Cipher Browser stated. 

Previously we have reported that Coinbase announced that in the coming months it will provide its users with the opportunity to withdraw coins that appeared as a result of the forks of the Bitcoin network.

Coinbase CEO to Launch Charity Crypto Fund

At the moment, the fund has already raised $ 3.5 million, of which $ 1 million was personally invested by Armstrong
28 June 2018   275

Brian Armstrong, co-founder and CEO of Coinbase, announced the launch of a charitable cryptocurrency fund called GiveCrypto. Armstrong plans to attract $ 1 billion in the next two years. This is reported by Brian himself via Twitter.

According to Armstrong, having managed to earn big money on bitcoin and other crypto-currencies, community members should help the needy all over the world, and not position themselves as cool guys in Lamborghini. This will help to open new scenarios for the use of cryptocurrency, and, undoubtedly, will promote its further popularization.

He also noted that donations in the cryptocurrency can reach people directly, eliminating the likelihood of corruption and abuse.

Cryptocurrency is unique in that it can be used to send small amounts of money anywhere in the world, in real-time directly to an individual in need — they just need a mobile device with an internet connection. With distribution of aid to foreign countries, high fees and corruption are unfortunately common; cryptocurrency is a way of circumventing both.
 

Brian Armstrong

CEO, Coinbase

To date, the fund has already raised $ 3.5 million, of which $ 1 million was personally invested by Armstrong. Also reported that the contribution of more than $ 1 million was made by the executive chairman and co-founder of Ripple Chris Larsen.

Other contributors are Chinese mining giant Bitmain and venture capitalist Fred Wilson; they contributed more than $ 100,000 each.

GiveCrypto plans to start helping those in need after the amount of donations reaches $ 10 million, but the long-term goal of the fund is $ 1 billion over the next two years.