Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This was an exciting week for us here at Blockchain, as we released a major update to our wallet that will help make bitcoin accessible and easier to use for everyone. Also this week, we saw a lot of great information on new changes coming down the road in bitcoin, from technical innovations all the way to new investments and capital. Get all this news and more, in this week’s Blockchain recap.
To the moon!
The world’s most popular bitcoin wallet is now more secure and easier to use than ever. Starting this week, we will begin the process of rolling out a major update to our flagship consumer product. We’ve been focused on three things to make this the best wallet for you: simplicity, security, and the optimal user experience.
In addition, we have pushed updates to our Android and iOS apps this week too. Users can head over to Google Play or the App Store and download the latest version. The release adds a simplified and secure wallet recovery process, and enhanced privacy with the implemented hierarchical deterministic (HD) addresses to avoid address reuse.
Learning more about bitcoin
What is ‘Segregated Witness’ and what’s its purpose? How do soft forks work and what do they make possible? What the %^&* is a sidechain? Innovation breeds innovations, says he — the Grecian computer scientist who knows the disastrous consequences of currency monopolization all too well.
From another perspective, bitcoin core developer Jonas Schnelli gives his take on what Segregated Witness is and how it improves and optimizes the bitcoin protocol.
Big news and events[Bitcoin Exchange Kraken Secures Investment from Japan’s Leading VC Firm](https://www.cryptocoinsnews.com/bitcoin-exchange-kraken-secures-investment-from-japans-leading-vc-firm/)
Japan’s leading venture capital firm SBI Investment has been revealed as the lead investor in the Series B round of financing in bitcoin exchange Kraken. In an announcement via a press release, bitcoin exchange Kraken revealed it had secured a “multi-million dollar agreement” with SBI Investment. The exact terms of the deals weren’t disclosed.
In other big news this week, Blockstream raised $55 million in an investment round to build out bitcoin’s blockchain. With the news, Blockstream’s total funding rises to $76m over two investment rounds. To date, the company’s signature technology has been its sidechains offering, currently in testing, which enables the creation of blockchains that can validate data from, and transfer assets to, other blockchains. And in what may turn out to be an interesting piece of news, Sony Entertainment is currently looking into blockchain technology through a new competition, as part of a new Sony fintech innovation challenge.
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