Coinbase will implement SegWit

One of the largest cryptocurrency exchanges Coinbase has announced that it plans to finally implement SegWit protocol in 2018
19 December 2017   454

Coinbase, a San Francisco-based digital currency exchange which aims to create an open financial system for the world, has published an update on Bitcoin SegWit protocol. It was stated in the announcement that apart from secure storing of customer funds, the company wants to ensure that the platform performs perfectly during periods of peak volume, and that became a reason for implementation of SegWit, which will occur in 2018.

The decision to implement SegWit was made because this upgrade helps reduce the size of transactions and fees customers pay on Bitcoin transactions, and improves the overall transaction capacity of the Bitcoin network.

Coinbase vice president stated that they will inform the users as soon as the service gets closer to launching the feature.

It is worth reminding that Segregated Witness was activated on the Bitcoin Network on August 24 of 2017 on block #481824.

Coinbase Confirmed Multiple Charge Issue

Some users were charged for up to x17; Coinbase reports these charges "are in the process of being refunded"
16 February 2018   53

After numerous complaints from users of Reddit, the popular platform for buying Crypto-currency Coinbase confirmed the presence of a bug in the system, because of which the payment for the same purchases was written off several times, in some cases up to 17 times.

We can confirm that the unexpected charges are originating from our payment processing network, and are related to charges from previous purchases. To the best of our knowledge, these unexpected charges are not permanent and are in the process of being refunded. We are running joint investigations with all parties involved, and will provide updates as we receive them.
We are actively investigating some reports from our customers about unexpected credit or debit card charges appearing on their statements from previous Coinbase purchases.

Coinbase Team

This is what affecte users say:

So coinbase hacked?

i noticed double charges posts but 17x what the fuck....2x is a CB mistake, 17x is a hack...

only thing that makes sense... calling bank.. and making a CB ticket...

thepokernit on Reddit

The company does not specify exactly what the bug was caused, but reports that it is solving the problem, and asks users to report all the unplanned charges in the discussion at Reddit.