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The first acquisition was Cipher, the mobile blockchain browser competing with Coinbase-backed Toshi. 

![](https://steemitimages.com/DQmNMPBYKVHjF1G2RSmFdNKoNwra6A9DqHoTCzdBEoCcfxq/image.png)


Cipher’s founder, Peter Kim, will become the engineering lead at Toshi and Cipher’s features will be merged with Toshi. The terms of the acquisition have not been disclosed.

![](https://steemitimages.com/DQmV2uRBBAjuTu6Sqgn36w5Y1uaQNXbPYTCLZB96Adz4CfF/image.png)

The second acquisition is Earn.com, with the deal size rumoured to be in excess of $100m. Earn.com, which recently rebranded from 21.co, allows users to receive Bitcoin in exchange for emails from people outside their network. 

As part of the deal, Earn.com founder, Balaji Srinivasan, a former GP at Andreesen Horowitz, will become CTO of Coinbase.   

![](https://steemitimages.com/DQmUFQeRNztPv9JdFV1RQiXutYkKx497xAAcZ3rMLHUCGow/image.png)

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Sources:

https://www.coindesk.com/coinbase-acquires-ethereum-wallet-startup-cipher-browser/

https://www.cipherbrowser.com/

https://blog.coinbase.com/welcome-balaji-srinivasan-coinbases-new-chief-technology-officer-e746503d7ab6

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Thanks for Reading!


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