Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. The bitcoin price surged toward the end of this week, and pundits have opined on the increase. Our Co-Founder, Nicolas Cary, presented Blockchain at Startup Fest in Amsterdam alongside Tim Cook of Apple, Eric Schmidt of Google, and Travis Kalanick of Uber. We also take a look at bitcoin in Japan, as recent activity there has produced some interesting new regulatory developments. Additionally, we had the chance to connect with the community at a few events, like the FinTech hackathon we attended in Ukraine. Read about all this news and more in our weekly Blockchain recap.
We’re on a mission to build an open, accessible and fair financial future, one piece of software at a time. We’re making progress every day by bringing you new features and updates to our web wallet, as well as on iOS and Android. Last week we were excited to bring you an announcement about our work on Thunder, which opens the door to new solutions for bitcoin’s scalability, as we continue to support over 7 million users and beyond.
Behind the software are some amazing people and we’re proud to introduce three new additions to our team.
This year at FinTech Week Ukraine 2016, we attended our very first hackathon in Kyiv with the help of our awesome brand ambassadors. The event’s inspiration was simple – the creative implementation of FinTech solutions to improve our day-to-day lives. Approximately 70 enthusiastic hackers attended. Our ambassadors were fully stocked with Blockchain swag, and our hacker t-shirts were a huge hit. It’s inspiring to know we have hackers and Blockchain users alike wearing our t-shirts all over the world, and this now includes more in Belarus, Russia, and Ukraine.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This was a huge week for Blockchain with the launch of the Thunder Network, which was carried by several mainstream media outlets including TechCrunch and Forbes. We also cover news about different blockchains, bitcoin art, games, and user adoption. Get all this and more, in our weekly Blockchain recap.
With all due respect to everywhere else on the planet, Kiev is the eighth most populous city in Europe and home to many high-tech industries, higher education institutions and world-famous historical landmarks. This week marks FinTech Week Ukraine and our first sponsorship in a Ukraine-based event! With the help of our dedicated and diligent ambassadors, we are participating in the Blockchain Conference (5/20) followed by FinTech Hackathon (5/21-22). That is why we’ve compiled the ultimate guide to Bitcoin-friendly Kiev – a comprehensive list of businesses who have decided to be totally brilliant (accept Bitcoin, that is!).
At Blockchain, we’re on a mission to create an open, accessible, and equitable financial future. Since our inception, we have focused on building products that make it easy for everyday people to use bitcoin to store and transfer value all over the world. We make Bitcoin usable and useful. We’ve been able to do that because we develop with a user-focused mandate.
A faster, cheaper, and more functional network would deliver real value to our users, so we were excited by the growth of research into payment channel technology on the bitcoin network and innovative uses of this technology. We were particularly interested in the idea of using smart contracts to build what are basically super-charged payments networks, as outlined in a white paper by the lightning.network team. Last year, we hired a talented engineer, Mats Jerratsch, who had been pioneering innovation in this vertical to work with our engineering team and lead research and development on a network based around these ideas.
Firing up the Thunder Network Rocket….
Today, we announced the release of the ThunderNetwork (click here to read) which has the ability to make live, nearly instant, and ultra-cheap transactions that settle back to the Bitcoin blockchain.
We’ve written about our R&D efforts before and you can read all about the details in our previous blog post. As a reminder, the ThunderNetwork is a way to send bitcoin “off-chain” to other parties in a trustless manner based on the lightning.network.
Yesterday afternoon, Mats and I made the very first payments using the Thunder network. Below is a quick tour of Thunder and a recap of what happened.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week, at TechCrunch Disrupt, BitPagos generated lots of excitement alongside other startups in a contest called Startup Battlefield. In the political sector, we read some interesting commentary from a former CFTC Official stating that President Barack Obama should heed the call on bitcoin. And in London, there is a special exhibit to show people how bitcoin works under the hood.
Get all this news and more, in our weekly rundown of bitcoin news around the world.
What Bitcoin represents to me is far more than just a digital currency. By combining technology, a global reach, and a clear, unyielding vision to improve lives, Bitcoin allows for a truly digital and convenient way to transact. It also represents a social movement created by a global community who want to find a better solution to remittance fees, slow payments, and legacy financial infrastructures. Bitcoin communities are springing up everywhere, and the community in Prague is a passionate and determined example of this. On my recent trip to the Czech capital, I had the opportunity to meet some of these amazing people and learn how Bitcoin has changed their perspectives on their country’s financial future.
Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This has been an interesting past few days. Early into the week, news erupted around the world when another “Satoshi” revealed himself claiming to be Bitcoin’s creator, but he has raised more questions than proofs. Consensus 2016 was held in NYC, and the 2016 Blockchain Awards took place Monday evening at the Coin Center Annual Dinner. Despite the rancor surrounding Bitcoin’s creator, headlines show interest in FinTech is surging around the world as the race to compete and disrupt the financial industry is well underway.
Read about all this news and more in our weekly rundown.