More Rocket Fuel: Announcing Our Series B with Lakestar and GV

Dark blue rocket taking off with Blockchain's logo stacked.When Blockchain started out as an open source project, we set out to build tools that would make it easy for anyone to use digital currencies. We still pursue this goal everyday.

I’m extremely proud and humbled by the progress we’ve made – millions of active users around the world, exchange partnerships in 34 countries, billions in monthly consumer volume, and an API platform used by some of the biggest companies in our field.

Today, I’m excited to announce that we’ve raised a Series B of $40 million with Lakestar and GV (formerly Google Ventures) with additional participation from Nokota Management and Digital Currency Group. Our existing investors – Lightspeed Venture Partners, Mosaic Ventures, Prudence Holdings, Virgin, and Sir Richard Branson (Virgin Group) – also participated in the round. Their continued support is an honor.

Our Series B represents the most substantial investment in the fintech space since Brexit and is the largest Series B raised by any digital currency company to date. This brings our total capital raised to over $70 million and we’re thrilled to welcome some of the most well-respected investors in the world to the Blockchain family.

Our mission “to create an open, accessible, and fair financial future for billions across the globe, one piece of software at a time” is a lofty one. This capital moves us one step closer to delivering on that mission and will ensure we can take a very long-term view.

As the market leader, you can expect us to make big, bold bets in research and development as well as further our expansion efforts globally. You can also expect new products aimed at allowing anyone to transact, save, or hedge digital assets with greater speed, efficiency and control.

Innovating, disrupting, revolutionizing a century old industry takes time. We’ve made significant strides, but we’re just getting started. Thank you for joining us on the very first part of our journey to the moon – rest assured we have the rocket fuel to get there!

Sincerely,
Peter & the Blockchain Team

Buying bitcoin is now available for Blockchain wallets on iOS

Late last year, we announced a partnership with Coinify that allowed our users in Europe to, for the first time ever, seamlessly and expediently buy bitcoin from within their Blockchain wallets without compromising user security or control. This partnership was aimed at making our wallet infinitely more user friendly and, ultimately, more accessible for the mass market. Today we take the next step in delivering greater accessibility.

Our team is excited to announce that iOS users in Europe are now able to buy bitcoin from within their Blockchain wallets using the same seamless and user friendly Blockchain-Coinify integration available to web users.

Read more “Buying bitcoin is now available for Blockchain wallets on iOS”

Product Update: Q1 2017

Since 2017 kicked off, we’ve released a number of key updates to our block explorer, bitcoin wallet, and developer platform. To keep you looped in, this post has the scoop on what we’ve been up to in the first quarter of the year.

Here’s a quick rundown of noteworthy updates for Q1 2017
  • We launched a new logo and look and feel on .info
  • We’ve added beginner-friendly resources to our site
  • We deployed an improved charts layout, including popular charts
  • We’ve added helpful wallet notifications
  • One form for API key requests

Read more “Product Update: Q1 2017”

The real story of bitcoin

You don’t have to look far to find a death knell for bitcoin. In fact, there’s a whole site dedicated to tracking such proclamations. These prognostications are loud and frequent but each is more wrong than the last. Don’t believe me? Here’s a helpful infographic that sheds light on the real story of bitcoin and how our 12 million+ users are helping to build the future of finance.

Our partnership with Imperial College London: The Digital Asset Research Lab

Block chain technology is poised to reengineer the world as we know it. In fact, there is general consensus that the technology will revolutionize industries as varied as finance, fashion, government and healthcare, among others. While the technology offers a great deal of promise, it is in its nascent stages and there is still much to explore in understanding the future we’re helping build. It’s that perspective that keeps us committed to research and development. And that commitment, in turn, has led to groundbreaking developments like Thunder. Earlier this week, we were excited to announce that we’re furthering our commitment via the launch of the Digital Asset Research Lab. In partnership with Imperial College London, this new Lab will be instrumental to exploring the transformative potential of block chain technology and digital assets.

Read more “Our partnership with Imperial College London: The Digital Asset Research Lab”

Our legacy and a new logo

Blockchain started as a geeky hacker project aimed at making bitcoin just a little more accessible by building an explorer. From those humble origins, the project grew into a passion for creating a better financial future and Blockchain, the world’s leading software platform for digital assets, was born.

Today, we run the largest block chain software platform in the world. We leverage our technology to build a radically better financial system. In doing so, our software has powered over 100M transactions and empowered users in 130 countries across the globe to transact quickly and without costly intermediaries. More recently, we added our 11 millionth wallet (and counting) and added Antony Jenkins to our board of directors.

We have been privileged to serve millions of people around the world. And, in recent months, we’ve been working to evolve our brand to better match the scope of our ambition and our growing user base.

Late last year, we launched an updated look and feel on blockchain.com, released V3 of our wallet, launched new mobile experiences, and updated our blog. Today, we’re excited to announce the next phase in the evolution of our brand: our new logo.

We arrived at this direction through visual explorations of the division of a fixed asset. With Bitcoin, there is a cap at 21 million and those bitcoins can be divided and subdivided to infinity. The block is a tiny ecosystem, and the pieces within grow, shrink and shift as the ownership of any given piece evolves. It is also a representation of how ‘many’ become ‘one’.

The specific divisions of the colors in this execution are also purposeful: they are based on measurements of the golden section.

The logo as a whole honors the heritage of our previous logos while becoming more simple, modern and optimized for the digital world we’re helping build. It brings us full circle to the very thing that attracted us to the Rubik’s cube, in the first place: all of the squares (entries in the chain) read together as a single unit (the ecosystem); the logo is a gestalt of its pieces. And the colors are built on our most recent logo.

Over the course of the coming weeks, you’ll see the new logo anywhere we’re out in public, like our web and social media sites; very soon you’ll see it in all of our products, as well.

We’re excited about the new logo, but more importantly about the role we’re playing in helping people and businesses throughout the world realize a more open, fair and accessible financial future, one piece of software at a time. Thank you for helping us make our vision a reality each and every day.

To the moon,
Peter

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.

It’s here: we’re rolling out the ability to buy bitcoin from your Blockchain Wallet

Earlier today, we announced a partnership with Coinify that will allow our users in Europe to, for the first time ever, seamlessly and expediently fund their Blockchain wallets without compromising user security or control. This partnership will make our wallet infinitely more user friendly and, ultimately, more accessible for the mass market.

Read more “It’s here: we’re rolling out the ability to buy bitcoin from your Blockchain Wallet”

Security Update: Yesterday’s DNS Attack

Yesterday, Blockchain experienced an outage for several hours while under a DNS attack.

At approximately 5:42 AM EST, the attacker changed Blockchain.info’s DNS servers. Within minutes, our internal systems alerted our infrastructure team who immediately began to assess the attack.

Control over our DNS servers is highly restricted and goes beyond industry standard protections against configuration changes. We were able to access our administrative accounts with our registrar and regain control. Unfortunately, it became clear the attackers gained access to our accounts through breaching the systems of our DNS registrar.

In an abundance of caution, we shut down our entire platform until we investigated the full extent of the attack. After making offline high-level contact with our registrar, we quickly determined that our registrar’s systems were breached by a highly sophisticated attack against the registrar’s infrastructure and not Blockchain’s infrastructure. Our registrar was able to manually regain control and revert the DNS changes.

While we waited for the fix to propagate across the internet, we investigated the malicious site to which the attacker had redirected traffic. We determined that due to the attacker using a self-signed SSL certificate, users using modern browsers – which the wallet requires – were prevented from being exposed to the phishing site. Due to the quick response of our team, the attacker’s DNS changes were allowed only to propagate partially across the Internet. We were also able to locate the owners of the compromised machine being used by the attackers and have it shut down.

After a full check of our own systems and a complete propagation of the correct DNS servers, we brought our platform back online at 1:20 PM EST. To mitigate the attack vector at our registrar, we have implemented additional manual, offline controls.

Ultimately, any disruption in service is something we take seriously and we extend our sincere apologies. While we sometimes remain offline for longer than necessary, we do so out of an abundance of caution while we check to ensure all systems are fully protected and functional.

Thank you for your patience.

Peter Smith

CEO & Co-Founder, Blockchain