Facebook want to buy coinbase

It was a subordinate clause of a longer article in “The Economist“, which could easily be overlooked at first glance. But what was written in it makes the rumour mill boil.

But the tech giants are starting to pay more attention to it. There are rumors that Facebook wants to buy Coinbase, a crypto company.

Of course, neither Facebook nor Coinbase wanted to comment on the matter when The Independent looked into it. Therefore, one must treat the statement as what it is: a rumour. But what is actually true about this rumour?

Facebook interested in blockchain and crypto technology

Recently Facebook founded a “Blockchain Unit”. In addition, an unnamed source said that https://www.onlinebetrug.net/en/ is planning its own crypto currency. However, the message of an own crypto currency is not surprising. It has often been suspected that this will happen in the near future.

buy allFrom Facebook’s point of view, however, the Coinbase acquisition would make sense. On the one hand, to support your own blockchain unit, because finding experienced blockchain developers is not only difficult, but also costly. The purchase of an experienced company could be more effective in the long run.

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It is also possible to advertise crypto currencies on this page again. The giant’s plans may change and integrated crypto currencies could become the next “game changer”.

A separate crypto currency would certainly be classified as a security, which is why the integration of existing (and recognised) crypto currencies means significantly less bureaucracy. Only the scalability of digital currencies could become a problem.

Coinbase as crypto giant

From Coinbase’s point of view, however, a sale makes less sense. The crypto company has recently acquired several start-ups and is now also represented in Japan. Coinbase is the Google of the crypto market and it doesn’t really fit into the picture that the crypto giant is selling. It is also questionable whether Brian Armstrong, CEO of Coinbase, who put all his heart and soul into the company and still does, wants to sell.

Purchase of Coinbase unlikely

In addition to Bitcoin Code, Facebook would have to spend a lot of money, as Coinbase has recently been estimated at 8 billion USD. For the social media giant, this would be the second largest acquisition after Whatsapp (USD 19 billion). Instagram was acquired for $1 billion.

In addition, Facebook could be a thorn in the side of ongoing regulation. However, Facebook is already rebelling against the authorities that persuaded it to ban crypto advertising. And other crises and scandals were also mastered without problems and without consequences, the social media giant is aware of its position and will not be too afraid of consequences.


The VeChainThor Wallet

The VeChainThor Wallet was released on July 9th and the X Node Binding Service is now available. If this service ends in mid-July, the token swap will start for VeChain owners.

A whole range of features
The VeChainThor Wallet has been released on the Apple App Store and the Google Play App Store. This allows users to receive Thor Power (VTHO) tokens to replace their VeChain Token (VET) once the migration is complete. The system works similar to NEO and GAS, where GAS is used for the use and execution of intelligent contracts. VeChain aims to reward companies that have VET.

“The VeChainThor Wallet will be the portal to all kinds of Dapps on the VeChainThor blockchain. This Wallet will be full of functions, services and possibilities that may even limit the word Wallet”.

They argued that the Wallet is perhaps one of the safest on the market after it has been tested by third parties. This will reassure users after large crypto exchanges and now also decentralized exchanges have been affected by security gaps in recent weeks. VeChain also confirmed that their Mainnet has been tested by several world-class cyber security companies and developers.

coinsVeChain tweeted: “With the release of the VeChainThor Mobile Wallet the X Node Binding process has begun! X node owners who want to use ledgers must wait for ledger support in August and follow the instructions for correct integration.” The X-node process allows nodes that have a significant amount of VET as early adopters to receive more VTHO than standard nodes.

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The token swap is scheduled for the end of the month in which users can exchange their ERC20 tokens. Binance*, Huobi Pro and Bitfinex have already announced their support for the token swap.

VeChain relies on DSGVO
The General Data Protection Regulation (DSGVO) is a potential problem for the Blockchain, as the DSGVO requires that data of EU citizens be deleted and not passed on without permission.

VeChain has a set of security and privacy policies based on ISO27001 standards, the DSGVO and the China Cybersecurity Law to ensure that minimal personal information is collected.

Since the blockchain is unchangeable, transaction information cannot be deleted. However, they may refer to other personal information that the company holds about users.