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

Improving Our Fee Recommendations

At Blockchain, we strive to make digital currency safe and easy for everyone to use. Part of that goal is providing effective miners’ fee recommendations for every transaction our users make. Bitcoin has recently reached its peak capacity, with a consistent queue of tens of megabytes of transactions waiting to be confirmed. As bitcoin interest and activity continues to grow (and we can expect this trend to continue), we’ve made two important changes to our wallet:

  • The introduction of a new fee recommendation algorithm aimed at being more reactive to changing network conditions and providing a better, more consistent experience for our users.
  • A new ‘Priority’ option which aims to have your transaction included in a block within 60 minutes. This feature is currently available via our Web and Android wallets and will be included in our upcoming iOS release; available the week of June 19th.

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Celebrate bitcoin’s milestones on these holidays

Bitcoin has already begun to radically change how people transact. Wondering how we got to where we are today? Here are a list of bitcoin’s milestones to date that have helped define the ecosystem and build a new financial future for millions across the globe.

Multiple balloons tied to a suitcase. Each balloon has a symbol representing one of the bitcoin holidays covered in the post.

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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.

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5 unique ways to discover bitcoin

Since bitcoin first emerged in 2008, it’s grown from a niche hobby explored mainly by computer scientists, cryptographers, and libertarians, into an entire genre of study at formal institutions and online education portals. Whether you’re starting from scratch or you’re a seasoned pro, everyone has a preferred way to discover bitcoin. To help you find your best fit, we scoured the web and hand-picked a diverse collection of online resources.

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Security mantras to swear by

So far, 2017 has proven to be a bullish year for bitcoin indeed. And as it shoots for the moon, it’s unfortunately common to see an uptrend in malware and phishing attempts that leave you with an empty wallet. In this post, we share best practices that will help fortify your online security arsenal. Read on to find out how you can increase your safe browsing IQ.

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Helpful Wallet Notifications & Resources

Bitcoin can seem a little (if not very) complicated and confusing, especially for first time and newer users. We do our best to answer frequently asked questions in our Support Center and here on the blog, but we’ve also integrated helpful tips directly into our wallet! In this post we’ll cover a few of those tips.

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Support for our Russian users: Поддержка для русскоязычных пользователей

Recently, our support team was in the spotlight on our blog for their outstanding performance in customer service. This week we’re back with more related news that we’ve yet to officially announce: мы предоставляем поддержку на русском языке (that’s “we’re providing Russian support” for all you non-Russian speakers). Keep on reading to find out more about how we’re supporting our growing Russian userbase (scroll down to the end for the Russian version of this post).

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Privacy Enhancing Tips for Bitcoin Users

As a noncustodial wallet platform, we’re big on privacy and empowering our users. That’s why we’re excited to welcome guest blogger and online freedom advocate, Faith MacAnas, this week. In her post, Faith covers the basics of 3 online privacy boosting tools with bitcoin users in mind. To find out what they are, dive in below!

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