Crypto exchange Coinbase has acquired cryptographic security company Unbound Security to expand its multi-party computational (MPC) capabilities.

  • Coinbase considers Unbound Security to be a pioneer in MPC, a subset of cryptography that allows multiple parties to evaluate a computation without any of them revealing their own private data.
  • With the acquisition, Coinbase will also establish a presence in Unbound’s native Israel, according to a blog post Tuesday.
  • The financial terms of the acquisition were not disclosed. Coinbase did not immediately respond to CoinDesk’s request for comment.
  • “Secure multi-party computation is an application of advanced mathematics to enable crypto assets to be stored, transferred, and deployed more securely, easily, and flexibly than ever before,” Coinbase wrote in its blog post.

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The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000.

  • “El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said.
  • Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear.
  • Bitcoin officially became legal tender in El Salvador in September, three months after the country’s legislature passed the Bitcoin Law.
  • On Nov. 20, Bukele said that the country is going to build an entire city based on bitcoin, during a presentation at Bitcoin Week in El Salvador.

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