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Hodler’s Digest, February 4–10: Top Stories, Price Movements, Quotes and FUD of the Week

Published 10/02/2019, 20:14
Updated 10/02/2019, 21:36
Hodler’s Digest, February 4–10: Top Stories, Price Movements, Quotes and FUD of the Week

Hodler’s Digest, February 4–10: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This WeekFacebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition

Social media network Facebook (NASDAQ:FB) has reportedly acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition. According to news outlet Cheddar, the acquisition is considered an “acquihire,” or an acquisition of a company made in order to get the skills or expertise of its staff, as opposed to the company’s service or products. According to Cheddar, four of the five researchers that worked on Chainspace’s academic white paper will be joining Facebook. Facebook had told Cheddar that it had not acquired any of Chainspace’s technology.

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