Coinbase Stops Multisig Vaults Support

. Support for multi-signature vaults will stop on April 19 this year
23 March 2018   1348

The American cryptocurrency company Coinbase stops multisig vaults support, whose additional level of security is provided by the multi-signature function. This is reported by Bitcoin.com.

Among the main reasons for this decision, representatives of the company call the low popularity of this option among customers, as well as negative feedback from them. Support for multi-signature vaults will stop on April 19 this year.

By removing this functionality, engineering time spent on supporting multisig vaults can be reallocated to continued investment in the security and reliability of our platform, which is of critical importance to our customers.
 

Coinbase Team

Also company explained that the increase in the number of bitcoin hardforks complicates the maintenance of such vaults, as well as ensuring the possibility of withdrawing coins that appear as a result of these events.

For users of multisig vaults, the company recommends making sure that they have two private keys required to manage their assets.

Coinbase Revenues to Reach $520M in 2018, Media Says

Additionally, Coinbase UK's revenues grew by 20% last year
18 April 2019   171

The leading US cryptocurrency company, Coinbase, earned about $ 520 million in 2018, and its British subsidiary revenues grew by 20% last year. This is reported by the Reuters.

Despite the collapse of the market, against which many companies were experiencing serious financial difficulties, Coinbase's UK revenue totaled more than 153 million euros ($ 172 million). These data the company filed in the register of legal entities in the UK.

Coinsbase UK executive director Zeeshan Feroz said that his division accounts for almost a third of the company's revenues. Thus, it can be calculated that the total revenue of Coinbase was more than half a billion dollars. At the same time, representatives of the exchange refused to comment on this information.

In addition, according to a PitchBook study, the activity of venture investors has increased dramatically in the cryptocurrency industry. This year they have already invested about $ 850 million.