Between Nov 20th and 27th, Bitcoin faced its busiest week ever with 2 million transactions, a near-constant backlog of tens of thousands of transactions to confirm, and a record 333,466 transactions processed in a day. This resulted in average confirmation times reaching an unusually slow speed of more than 2 hours.
Thanks for stopping by for our weekly recap of major headlines in bitcoin and fintech news. In the spirit of Thanksgiving, we paused to say thanks to our users for supporting us all the way to our 10 millionth wallet and beyond. We also saw some exciting innovations on the horizon for hardware wallet Trezor, and SegWit signalling continues. Read about these headlines and more, in our weekly news recap!
Thanksgiving is just around the corner and we have a lot to be grateful for. Earlier this year, we successfully released the third version of our flagship wallet product. Earlier this month we announced a new partnership with Coinify, which is the first step in our effort to make our wallet infinitely more user friendly and, ultimately, more accessible for the mass market. And earlier this week we hit our 10 millionth wallet.
Hitting this milestone at this particular moment isn’t a coincidence. Bitcoin has become a safe haven in the face of geopolitical events like the Brexit vote, the US Presidential election and a weakening Yuan; we’ve seen unprecedented levels of activity and transactions on our platform as a result. Beyond using bitcoin to protect against geopolitical risk, people across the globe are utilizing digital financial products, like ours, to transact and save their way to a better economic future. For them, bitcoin can and has changed lives.
Bitcoin hasn’t yet replaced the established financial system, and we have a long way to go before the general public forsakes banks, cash or credit cards in favor of cryptocurrency. But we are seeing record levels of activity across our platform, which signals that people are embracing the need for a more globally accessible financial system, and one that does not exclude over one-third of the world’s population. While there’s still a lot to do, we can’t help but pause this week to give thanks for the millions of users who are helping us build an open, fair and accessible financial future. We are excited and honored to be on this path with you all.
Thanks for stopping by for our weekly recap of major headlines in bitcoin and fintech news. This week we announced a partnership with Coinify and the roll out of an in-wallet capability for Blockchain Wallet users to buy bitcoin. Also dominating the news was the big leap in price and updates on the upcoming deployment of SegWit and Lightning. Read about these headlines and more, in our weekly news recap!
At Blockchain, we ‘Sanctify Security’. Security is at the core of our business and everything we build. We go the extra mile to underscore best security practices like using a secure password, enabling two-factor authentication, and making a wallet backup. SSL certificates are another way to keep you safe online. Read on to learn more.
Earlier today, we announced a partnership with Coinify that will allow our users in Europe to, for the first time ever, seamlessly and expediently fund their Blockchain wallets without compromising user security or control. This partnership will make our wallet infinitely more user friendly and, ultimately, more accessible for the mass market.
Welcome to our weekly recap of the latest headlines in bitcoin and fintech. This week, the U.S. Presidential election and the demonetization of large rupee bills in India drove bitcoin up both in value and as a popular topic online. These examples, plus more noteworthy news from China demonstrate that bitcoin represents an integral tool for stability and growth in economies around the world. Read about these headlines and more, in our weekly news recap!
There are major perks to using a noncustodial wallet, all of which revolve around you, the user, being in total control of your funds. If you’re new to bitcoin, we’ll admit this can be slightly daunting (at best). Thankfully, we’ve got a few tips and tricks of the trade to make securing your bitcoin wallet and online presence easy and painless.
Welcome to our weekly recap of the latest headlines in bitcoin and fintech. October 31st: trick or treaters, costumes, candy… and Satoshi? That’s right, this October 31st marked the 8th anniversary of Satoshi’s bitcoin whitepaper release. Was it purposefully released on that date? Speaking of purpose, Giving Tuesday is later this month and Bitcoin.com has announced some generous plans. Plus it’s been another week where the price of bitcoin has been the talk of the town. Read about this and more below!
Welcome to our weekly recap of the latest headlines in bitcoin and fintech. This week the price took an exciting leap and Bitcoin Foundation board member Elizabeth McCauley revealed the blockchain’s killer app. Also in the news was Money2020, with thousands in attendance including Blockchain Co-Founder Nicolas Cary. Read about all this and more, in our weekly news recap!