Bitcoin ATM Network Acqui-Hires Exchange Startup
Bitcoin exchange startup BitQuick is being acqui-hired by a US-based digital currency ATM network, a move that comes months after it temporarily shut down following a cyberattack. Athena Bitcoin, which operates in the midwestern and eastern US, is buying the exchange outright as well as bringing in team members Jad Mubaslat and Chad Davis. The sale amount was not disclosed. The integration quietly went live late last week, with the formal integration taking place today. In interview, Mubaslat said that in the immediate term, the team will continue to operate as it has previously, only with....
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Digital Asset Holdings has announced that it has acquired the assets and senior leadership of a Zurich-based technology startup. Elevence CEO Vincent Peikert will lead Digital Asset's Switzerland office, and serve as head of product for Europe. Further, James Litsios, Elevence's CTO, will serve as head of development in Switzerland. The terms of the acqui-hire were not disclosed. In the statement posted to Digital Asset’s website, CEO Blythe Masters described how she sees Elevence’s eight-person team fitting into the company. Masters said: “The resulting Digital Asset platform is....
Months after its core development team was acqui-hired by accommodations startup Airbnb, bitcoin tipping service ChangeTip is closing its doors. Nick Sullivan took to Reddit today to announce the closure. He said that the tipping service will be officially turned off at the end of November, though its website will remain open “for a number of months” in order to allow for user withdrawals. The closure comes less than two years after the startup, once a popular tool for sending bitcoin tips via social media, raised $3.5m in a seed funding round. ChangeTip sought to bring bitcoin tipping to....
A number of employees from the company behind bitcoin tipping service ChangeTip have been hired by travel startup AirBnB, the company confirmed today. AirBnb has hired an undisclosed number of the employees of ChangeCoin, which operates the social media tipping service. Among those hired by AirBnB is CEO and co-founder Nick Sullivan, sources say. Left unacquired is the ChangeTip codebase as well as the developers working specifically on bitcoin projects, though those invested in the firm expressed optimism that the project would continue under a new leadership. The deal, first reported by....
GoTo purchased Indonesian bitcoin and cryptocurrency exchange PT Kripto Maksima Koin for $8.38 million to become a diverse money management company.
Travel giant AirBnB has indicated it does not have any plans to incorporate bitcoin into its payment offerings following the acquisition of an unknown number of employees at social tipping startup ChangeCoin. AirBnB said the employees will be working on the company’s engineering team, with a focus on infrastructure, though it offered no further details. The statements come in the wake of speculation that the purchase is perhaps an indication of the startup's interest in blockchain technology. However, AirBnB confirmed it did not acquire assets or intellectual property owned by the startup.....