The blockchain department head of Facebook, David Marcus, quitted his position of a Coinbase board position. Marcus joined the cryptocurrency exchange in December previous year, however, he believes, that it was time to leave.
He informs, that he is working on setting up a new blockchain research group in Facebook, and that would cause the conflict of interests. That’s why, he has decided to leave his position at the Coinbase board.
The decision however can be explained only by the supposed intention of Facebook to purchase Coinbase. Rumors about it have been circulating for quite a while, but this decision of the former member of Coinbase board gives a new push to the rumors of that kind.
As a Facebook spokesperson announced, the target of Mr. Marcus was to avoid the conflict of interests that might appear, rather than because of any actual conflict.