The rumors come the same week that Facebook abruptly reversed its ban on cryptocurrency advertising. Citing “misleading” and “deceptive promotional practices” from certain development teams behind cryptocurrencies and ICOs, the social media giant caused an uproar when it instigated the content block in January.
“It wouldn’t surprise me if Facebook made an attempt to acquire Coinbase,” tech entrepreneur Oliver Isaacs said. “Whether [Coinbase CEO] Brian Armstrong and the team would agree is another question.”
