Blockchain Blog

Bitcoin News for the week of 2/29/16

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. This week we published another update to our new Blockchain Wallet specifically highlighting our iOS and Android wallet applications. Additionally in the news, we’re seeing positive signs of growth for Bitcoin globally, particularly in Africa, and Mashable asks whether the blockchain is the biggest invention since the internet. Find out more details in our weekly Blockchain recap.


The Most Popular Mobile Bitcoin Wallet Just Got Better!

We’re striving to build the best bitcoin wallet, and that means designing a wallet that makes it easy and enjoyable for anyone to start using bitcoin. In this post, we’re shining the spotlight on our latest updates for iOS and Android. Our new mobile wallets include simplified backup and recovery, a new robust security center, plus the friendliest and fastest user experience we’ve ever built.

Also, a special thanks goes to StartupItalia which is an Italian Fintech news website, who did a piece on Blockchain and our founders, and how bitcoin and the blockchain are making an impact in the world.

Bitcoin Around the World

Accepting bitcoin image via
[South Africa’s Biggest Online Marketplace Adds Bitcoin Payments](

Bidorbuy, an online auction and marketplace in South Africa who are among the biggest e-commerce platforms in Africa have included bitcoin as a mode of payment for users – buyers and sellers in the marketplace. Also in South Africa, LocalBitcoins volume is showing a 50-fold growth in one year!

The Bank of Russia concedes to employing blockchain technology to de-criminalize the microfinancing market and enhance its transparency, Russian publication Izvestia reported. And south of the Equator, Motherboard’s Kari Paul writes about bitcoin in Argentina, and if it will still be able to thrive without price controls.


The Bitcoin blockchain: Could it be the biggest invention since the Internet?

Mashable’s tech blog covers the bitcoin blockchain: While it’s yet to be seen whether or not bitcoin will revolutionize the way we handle money in the digital area, one aspect of the cryptocurrency is garnering a lot of attention. The blockchain is the backbone of bitcoin, and is being heralded as the most important innovation since the Internet itself. So how does it work, and why is it so important?

With all the hubbub about the bitcoin blockchain, it’s no wonder that financial giant Visa is continuing its efforts into looking at blockchain solutions.

Bitcoin Development

Bitcoin image via
[Bitcoin Gains Smart Contract Functionality With Zero Knowledge Contingent Payments](

Zero Knowledge Contingent Payments are have been made a reality for Bitcoin users everywhere. Members of the Zcash team, completed the first payment of this type on the bitcoin network a few days back, using a simple script to transfer the answer to a sudoku puzzle over the internet for bitcoin in a secure, non-reversible manner.

Also on the development front, the debate of bitcoin scaling continues, as different people in the bitcoin industry support bigger blocks including Roger Ver, who discussed bitcoin governance in a recent interview.

Enjoyed this article? Leave a comment below and let us know. For more news like this, be sure to check out our archives!