Bitcoin’s busiest week ever

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.

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Mempool transaction count chart from Blockchain.info/charts

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Bitcoin news for the week of 11/21/16

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!

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Reaching 10 Million Wallets and Beyond

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.

Bitcoin news for the week of 11/14/16

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!

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Bitcoin news for the week of 11/7/16

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!

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Bitcoin news for the week of 10/31/16

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!

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Bitcoin news for the week of 10/24/16

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!

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