Blockchain Blog

Bitcoin News for the week of 3/28/16

Welcome to our weekly bitcoin news recap, where we cover top headlines and stories in the world of bitcoin each week. New this week, our CEO Peter Smith appeared in a candid and entertaining video interview with Business Insider on his journey in fintech and bitcoin. We also saw updates on bitcoin development and Disney sparked some speculation on the news they are hiring a blockchain intern. Learn all about this and more, in our weekly Blockchain news recap.

A candid chat with our CEO

![Blockchain CEO Peter Smith](https://blog.blockchain.com/content/images/2016/04/blockchain-cofounder-and-ceo-peter-smith-theres-a-chance-of-failure-for-everything-including-bitcoin.jpg)
Blockchain CEO Peter Smith
[Blockchain cofounder and CEO Peter Smith: There’s a chance of failure for everything…including Bitcoin](http://www.businessinsider.com/blockchain-cofounder-and-ceo-peter-smith-bitcoin-success-of-failure-2016-3)

Peter Smith, CEO of Blockchain, the world’s most popular bitcoin wallet, passed by Business Insider to discuss the strategic decisions he made to fast-track his career in fintech. Here, Smith discusses his journey to revolutionizing the bitcoin industry, starting the world’s most comprehensive bitcoin tracking system, giving his most valuable business advice.

The Bitcoin ecosystem now includes millions of people investing or transacting who are essentially represented by the startups that have created user-friendly apps and websites. “Startups play a pretty integral role in the sense that we represent most of the end-users. If you look at users of Bitcoin on the network, most of them are represented by one of the major Bitcoin companies,” says Peter Smith, chief executive of Blockchain. Numerous startups are also using Bitcoin to enable their users to more easily send remittances, cross-border payments and peer-to-peer payments, as well as make mobile in-app purchases.

Development and block size

![Bitcoin physical coin via CryptCoinsNews.com](https://blog.blockchain.com/content/images/2016/04/bitcoin-macro.png)
Physical bitcoin image via CryptoCoinsNews.com
[Cornell Study Recommends 4MB Blocksize for Bitcoin](https://www.cryptocoinsnews.com/cornell-study-recommends-4mb-blocksize-bitcoin/)

A new study by the Initiative for CryptoCurrencies and Contracts (IC3) at the Jacobs Technion-Cornell Institute authored by Christian Decker, Ittay Eyal, Andrew Miller and Emin Gün Sirer, among others, found that bitcoin’s blocksize could currently scale up to 4MB without affecting decentralization.

In related bitcoin news, MIT’s Digital Currency Initiative received $900k in funding to help support bitcoin development. According to DCI director Brian Forde, the Bitcoin Developer Fund will provide Core Developers like Gavin Andresen an academic platform to work on resolving the block-size debate and other similar technical challenges.

Development of the bitcoin protocol which includes the blockchain which are the gears that power the currency, are increasingly important as new studies such as a recent PWC report say that the blockchain is a “once in a generation” opportunity for financial services. Bitcoin has the ability to crush banking fees in emerging economies for example, says Breitbart.com.

Make bitcoin your career

![Disney image via Bitcoin.com](https://blog.blockchain.com/content/images/2016/04/disney-bitcoin.jpg)
Disney image via Bitcoin.com
[Disney is Looking for a Blockchain Intern](https://news.bitcoin.com/disney-is-looking-for-a-blockchain-intern/)

Blockchain enthusiasm continues to grow from the likes of large companies and banks. However, not all of the interested parties are financial institutions and some are integrating the technology for other means. Now, Disney is on the hunt to hire a software intern that understands distributed ledger protocols.

Internships are a great way for companies to get their hands on additional workforce, while not having to pay them [much] to learn the ropes. In fact, most internships work out for both parties involved, as students learn valuable tricks of the trade, and if they perform exceptionally well, they might even land a job at that particular company. But for some reason, there does not seem to be all that many Bitcoin internships, despite the growing number of companies active in this space.

If you’re looking to launch your career in bitcoin, we’ve got a number of open opportunities including internships available online at Blockchain.com. Come say hello, and introduce yourself!

Events around the corner

Fintech and payment industry professionals are gearing up for next week’s #Money2020Europe. Money2020 aims to be a pioneering series of events for pushing innovation in payments and financial services. Since Fall 2012, our team has had a presence at a number of their events including their hackathons & conferences.

Our Co-Founder Nicolas Cary, and Head of Strategy and Partnerships, Paul Szurek, will be in Copenhagen for the event, and they’d love your suggestions on some of the local bitcoin-friendly hotspots.

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