- Facebook's blockchain boss David Marcus is leaving the board of crypto startup Coinbase.
- His departure is a signal that the social networking giant's secretive blockchain efforts are progressing.
- "Because of the new group I’m setting up at Facebook around Blockchain, I’ve decided it was appropriate for me to resign from the Coinbase board," Marcus said in a statement.
In a sign that Facebook's secretive blockchain effort is progressing, David Marcus, the head of that project, announced he's leaving the board of $8 billion cryptocurrency startup Coinbase.
Marcus joined Coinbase's board in December 2017. His decision to resign "was made to avoid the appearance of a conflict of interest," a Coinbase representative told CoinDesk, which first reported the news. The representative did not elaborate further to CoinDesk, and a Coinbase representative did not respond to Business Insider's request for more information.
See the rest of the story at Business Insider
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See Also:
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- The hypocrisy of the Alex Jones purge shows Facebook is morally spineless
- The ex-president of Goldman Sachs says that banks were 'more responsible citizens' before the financial crash than Facebook is now
from Business Insider https://ift.tt/2nqseWR
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