MultiBit is no longer supported

"Light" bitcoin wallet MultiBit is shut down by KeepKey, owner company
31 July 2017   1666

Distributed database that is used to maintain a continuously growing list of records, called blocks

The producer of hardware wallets KeepKey announced the termination of the development of the "light" Multibit wallet. This is reported by MultiBit blog.

KeepKey Technical Director, Ken Hodler, announced that KeepKey acquired Multibit in May 2016, marking the first merger and acquisition transaction since its inception in 2014. At the time of acquisition, Multibit developers announced that they will no longer work on the wallet and refuse to provide further support.

The reality is that Multibit is in need of a lot of work. It has stubborn bugs that have caused us and Multibit users much grief. Additionally, Bitcoin has gone through a fundamental change in regards to the way fees work. The addition of SegWit in the coming weeks will mean the Multibit software has fallen still further behind.

Ken Hodler
Technical director, KeepKey


Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

He explained that KeepKey does not have the resources to solve existing problems or for a complete reconstruction of Multibit. The company will focus on developing its own KeepKey device to accelerate production and work on improving the hardware wallet. 

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   21

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.