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   1004

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 to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions of Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC
18 July 2018   19

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.