ADVERTISEMENTREMOVE AD

Facebook's Blockchain Head quits Coindesk

Facebook's Blockchain Head quits Coindesk

Published
Hot News
1 min read
story-hero-img
i
Aa
Aa
Small
Aa
Medium
Aa
Large
ADVERTISEMENTREMOVE AD
San Francisco, Aug 11 (IANS) David Marcus, Facebook's new Blockchain Research Head, has stepped down from the board of directors at cryptocurrency exchange Coinbase, the media reported.
According to a report in CoinDesk on Friday, Marcus said his decision to resign was "because of the new group I'm setting up at Facebook around Blockchain."
His departure comes after Facebook exempted Coinbase from its recent ban on cryptocurrency-related ads.
Besides creating a new Blockchain group, Facebook is also exploring the creation of its own cryptocurrency.
According to tech website Cheddar, Facebook is "very serious about it".
Recode had first reported that Facebook was building a new team dedicated to Blockchain technology.
The Blockchain team would come under "New platforms and infra" run by Chief Technology Officer (CTO) Mike Schroepfer, who will also take care of Facebook's AR, VR and Artificial Intelligence initiatives.
--IANS
na/vm

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

Speaking truth to power requires allies like you.
Become a Member
Read More
×
×