Bitcoin startup Coinkite closes wallet service due to “BS” of DDoS attacks, dealing with lawyers

Bitcoin startup Coinkite closes wallet service due to “BS” of DDoS attacks, dealing with lawyers

Bitcoin startup Coinkite, Inc. has announced that it is closing down its secure Bitcoin wallet service in order to focus on building hardware-based Bitcoin products instead.

Founded in 2012, Coinkite billed itself as the easiest and safest way to use and accept Bitcoin, along with the claim that if offered “the world’s most advanced web wallet system” that “empowers customers and merchants to BUY, SELL, ACCEPT and STORE Bitcoins and other crypto currencies, in both the online and physical worlds.”

The closure of the Bitcoin wallet service will take place over the coming 30 days, with users who do not remove funds from their wallets at the end of the period having their Bitcoin withdrawn and credited to them automatically.

Projects listed by the company as being their future include something called Opendime, which is described as a physical Bitcoin; a completely stand alone Bitcoin terminal/

Read more ... source: TheBitcoinNews

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