Blockr.io Shuttered by Altcoin Exchange Coinbase

Blockr.io Shuttered by Altcoin Exchange Coinbase

The multi-currency innovative blockchain firm, known as Blockr.io, was acquired by Coinbase in 2014. Blockr.io was relied upon by numerous other compa

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The multi-currency innovative blockchain firm, known as Blockr.io, was acquired by Coinbase in 2014. Blockr.io was relied upon by numerous other companies, such as Satoshibox, in providing a service that allows other entities to sell digital goods for the Bitcoin currency.

Of the acquisition Coinbase stated:

“We are extremely excited to announce that Coinbase has acquired Blockr.io. In addition to purchasing the company, we are pleased to welcome two of its exceptionally talented employees to the Coinbase team: Saso Matejina, a software engineer, and designer Samo Drole, have recently moved from Slovenia to partner with Coinbase’s staff of 40 full-time employees here in the San Francisco area. These two employees will be charged with continuing to make the Coinbase API the premier tool for developers who wish to build on the already realized success of the bitcoin. Additionally, these two key employees, coupled already with talented Coinbase staff, will be charged with structuring Coinbase’s biotcoin node. To ensure a smooth transition, Blockr.io will continue with its operations during this transitional period until Saso and Samo are fully assimilated into Coinbase operations.”

The acquisition of Block occurred on September 4. Additionally, no official statement was issued as to why the company was shuttered. The only correspondence was a simple announcement stating, “We are shutting down Blockr.io on September 4, 2017. Thank you for your past support.”

At this point, it is not clear what will become of the easy to use Blockr API or blockchain software that was developed by Samo Drople and Sasso Matejina. One possibility is that Coinbase has decided to rebrand the technology and structure a new product to account for its new offerings, including Bitcoin cash. At this point, the only reasons that are available are speculative. Indeed, the PR department of Coinbase is typically slow when it comes to company announcements and in particular corresponding and sharing the news with this author. As more information becomes available, this article will be updated if an official statement or response is released from Coinbase proper.

Albeit, for the present time, Blockr.io is just redirecting individuals and companies to direct any inquiries to Coinbase.com. Additionally, available to customers, are a variety of block explorers that are accessible, but some of those services will miss Blockr. In particular, this writer discovered the disappearance of Blockr when a failed attempt to access a transaction link inside of SatoshiBox was experienced. This particular service allowed anyone to sell digital goods for cryptocurrencies.

Additionally, it is anticipated that other services will also have to migrate to other options. One such good alternative to Blockchain.info is Chain.so which currently scans four block chains.

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