Blockchain | News and Updates on Blockchain and Bitcoin
With the largest bitcoin wallet platform in the world, Blockchain's software has powered over 100M transactions and empowered users in 130 countries across the globe to transact quickly and without costly intermediaries. We also offers tools for developers and real time transaction data for users to analyse the burgeoning digital economy.
We’re invested in the long-term health of the crypto ecosystem and are mindful to support cryptocurrencies that are reliable, safe, and convenient. Since January we’ve offered limited support for Bitcoin Cash SV (BSV) and have been closely monitoring activity of the BSV network since the hard fork in November. After careful consideration, we have determined to end all support of BSV within the Blockchain Wallet by May 15, 2019.
If you have BSV, we recommend simply swapping it for another crypto in the Blockchain Wallet or sending your tokens to another service. To access your BSV tokens, log into your wallet through any web browser and select the Settings option on the bottom left, then Wallets & Addresses. On mobile? You can log into your Web Wallet by logging into the Blockchain app and clicking 'Log in to Web Wallet' in the side navigation.
A few months ago, to mark the tenth anniversary of the genesis block, crypto holders across the globe withdrew funds from third party exchanges. This ‘Proof of Keys Celebration’ honored crypto’s founding principle of independence from centralized financial systems. Recently, a similar movement has taken shape. This time, the focus has been on wallets.
At Blockchain, we’ve always believed that without having full control over your private key, you’re missing the defining aspect of crypto: user controlled, sovereign assets. (Not sure what your private key is? Learn more here.) In fact, “be your own bank” has been our ethos since the inception of the Blockchain Wallet.
Competitors have often claimed that ensuring that users retain control over their funds requires a trade off in functionality. We proved them wrong once again with last year’s launch of Blockchain Swap, a next generation trading product that allows Blockchain Wallet users to exchange crypto quickly and with ease for the price you’d pay on exchange, without giving up control of your keys.
In addition to being driven by a passion to empower our users, we’re equally committed to sanctifying their security. That’s why, as a non-custodial wallet, we never have access to your password or funds.
Not one of the 30M+ Blockchain Wallet holders using our platform to store, trade and transact while maintaining full control of your funds? It takes moments to create a free Blockchain Wallet with a verified email address.
And transferring funds to your newly created Blockchain Wallet is easy: simply send the funds from your existing wallet to the address created when you click on request in your Blockchain Wallet.
Get started here and be on your way to taking back control of your crypto!
At Blockchain, we’re driven by a relentless passion for making crypto easy to use. In that spirit, last last year we launched the biggest giveaway in crypto history. This ongoing giveaway has already allowed us to begin broadening the crypto community and has given our users a way to participate immediately and directly with a new decentralized network.
This week, we’re excited to provide yet another way to use crypto with ease and security, all the while unleashing generosity across the Blockchain community.
Starting Tuesday, February 26th, users in the U.S. and Canada who sign up for our Stellar Airdrop will prompt a donation of $5 worth of XLM to one of our participating charities: charity: water, Code.org, and DonorsChoose.org.
We’ll be partnering with Network for Good, a platform that makes fundraising effortless and transparent, to facilitate these donations.
Whether supporting charity: water’s mission to bring safe, clean water to people in developing countries, expanding access to computer science education via Code.org, or helping teachers and classrooms across the country via DonorsChoose.org — we’re honored and proud to take an extra step towards building a better future with this airdrop.
So, how will this work? Head to this page to create your wallet and claim your XLM. Once you have been verified and receive the airdrop, we’ll send $5 worth of XLM to Network For Good on your behalf, so they can help distribute the donations evenly among the three charities.
We’re thrilled to be partnering with the Stellar Development Foundation and NFG to further open up the world of donations to the crypto community. We hope you’ll join us.
At Blockchain, we’re committed to doing more than making it easy to speculate on crypto assets. We’re here to build a better financial system that allows billions across the globe to access an open, fair and accessible future while retaining financial sovereignty.
We believe stablecoins play an important role in delivering on that vision, by enabling the use of crypto for day to day economic transactions without the fear of price volatility, and could act as a tipping point into wider crypto adoption.
Last year, our first major research report analyzed the rapidly growing world of stablecoins. The report took a detailed look at the strengths, trade-offs and concerns associated with all 57 active stablecoins, using a new data set that included previously non-public information.
Today, we’re excited announce the release of the 2019 State of Stablecoins report. The 2019 report builds on its predecessor to provide an updated and expanded look at the current state of the stablecoin market - a space where we expect to see significant innovation in the coming years. It includes:
New research primers on three leading stablecoins: Paxos Standard, Stasis and Reserve;
A new in-depth comparison of Paxos Standard, USD Coin and Gemini Dollar;
Expanded data profiles on 34 stablecoins, including many new stablecoins (the report is twice the size of its predecessor!);
Refreshed data and analysis across the full report to reflect the substantial changes observed over the last six months; and
An overview of how to gain investment exposure to the growing use of stablecoins
View Point Summary
While there is a great deal of excitement surrounding stablecoins, the technology is still nascent and further experimentation (and innovation) is expected
As we correctly forecasted in our last report, some of the enthusiasm for algorithmic stablecoins has at least temporarily dampened due to the exit of Basis and growing concerns over whether some stablecoins can successfully navigate legal uncertainty and securities laws
Due to the aforementioned design uncertainty as well as regional factors (e.g., local regulations), we continue to believe that space exists for approximately 5-8 significant stablecoins in the short to medium-term; our view here received some validation in Q4 2018 with the reduced dominance of Tether
Stablecoins continue to be more complementary than competitive with other cryptocurrencies like bitcoin or ether, with many stablecoins relying on the security, compatibility and infrastructure provided by such cryptocurrencies
Stablecoins will continue to see an increase in listings on more cryptoasset exchanges, and these listings will be motivated for reasons beyond reduced exposure to market volatility (e.g., algorithmic stablecoins may prove popular to list as they could attract ‘Soros-attack’ trading - and significant trading volume - aimed at breaking the automated stability peg)
Key near-term regulatory issues include whether stablecoins (or aspects of stablecoin systems) are in compliance with securities and money service laws in some jurisdictions
We hope you find this report interesting and informative. We look forward to sharing more of our team’s research in the future.
You can read the full report or take a look at the summary slides at blockchain.com/research.
Today, we’re thrilled to announce our European expansion with the opening of our newest office in Vilnius, Lithuania. This office is our fifth location and will be an important home to our customer success operations, design, and engineering teams as we continue to grow.
We’re excited about our future in Lithuania. We explored several options in Europe, but Vilnius emerged as the ideal place for us to expand our team. We were immediately impressed with the vibrant talent pool and the city’s commitment to innovation.
“We’re thrilled to welcome Blockchain to Vilnius. The presence of a company as well-known as Blockchain will put Lithuania in the spotlight of the international blockchain community,” said Virginijus Sinkevičius, the Minister of Economy and Innovation of Lithuania.
Mantas Katinas, the General Manager of Invest Lithuania, added “Not only will a world leader in blockchain technology and services be joining our growing community, they will also be instrumental in locally developing the next generation of innovators in the field.”
We’re hiring dozens of designers and customer success agents as well as Android Engineers, Backend Engineers (Java, Kotlin) and Quality Engineers to work alongside engineers in our London, New York and San Francisco engineering offices on strategic customer facing projects. If you’re interested in joining our team, apply today!
With the addition of our Lithuanian office, we’ll be able to continue to serve our ever-growing user base, and develop new and innovative software that will transform the future of the financial landscape. We look forward to building out our team in Vilnius over the coming weeks and months.
As more cryptocurrencies develop and grow, providing direct access and insight across networks is crucial. Blockchain Explorer is the most trusted source for blockchain data. Our focus has always been on providing the most up to date and accurate information available. Today, we’re excited to introduce Bitcoin Cash to the existing lineup of supported cryptocurrencies on our Explorer. You can now search for BTC/ETH/BCH transaction hashes, blocks and addresses in a single search bar.
New to the Explorer? Think of it as a browser for the blockchain - you can search for detailed information on blocks, check if your transaction is confirmed, view the balance of your addresses, monitor market prices, and even watch real-time network transactions.
We’d love to hear your feedback on what you’d like to see next in our Explorer product. Let us know by submitting your request here.
In the meantime check out the Bitcoin Cash blockchain, or view your veteran bitcoin and ethereum favorites here!
Don’t have a Blockchain Wallet yet? Sign up and start exploring crypto today with $25 of free Stellar.
At Blockchain we are passionate about helping people control their own cryptoassets. Doing that effectively requires having access to the latest and most reliable information, data, and research. However, we often hear that accessing information on crypto that is both reliable and freely available is one of the most challenging issues, particularly for newcomers.
In response, last year Blockchain launched a new research program led by our Head of Research, Dr. Garrick Hileman. Our first major publicly disseminated report was a groundbreaking study of stablecoins. The new data and analysis contained in our State of Stablecoins report helped shine a light on one of the fastest growing and important sectors in the cryptoasset ecosystem.
Today we are pleased to announce the next phase in our growing research coverage with the launch of Blockchain Primers.
Blockchain Primers are intended to provide a relatively brief (under 10 pages) overview of each cryptoasset. Each primer will include:
Highlights: quick takeaways on each cryptoasset’s key differentiating features (e.g., strengths and issues/tradeoffs) Data: empirical data summarized in charts and tables, including new data not previously available to the public Comparative summary: quantitative and qualitative data-driven comparison against similar cryptoassets References: links to additional information where you can learn more
Blockchain Primers will contain both a mix of introductory and background material for those less familiar with the particular cryptoasset in focus, as well as the latest data and analysis on more recent topics.
First Primer on Bitcoin Cash (BCH)
Today we are releasing our first primer on Bitcoin Cash (BCH). In November of last year, Bitcoin Cash underwent a contentious network split. As a result, we have received more questions about Bitcoin Cash in recent weeks than any other cryptoasset supported by the Blockchain Wallet. A key focus in this primer is a comparison between Bitcoin Cash ABC (BCH) and Bitcoin Satoshi Vision (BSV), including new data shared with us by Coinmetrics on the post-fork movement coins on each respective blockchain.
With Blockchain Primers, we’re bringing the high quality research of Wall Street to Main Street. We hope you find this and future Blockchain Primers useful and as always we welcome your feedback.
Click here to download the first Blockchain Primer on Bitcoin Cash.
As previously shared, Bitcoin Cash (BCH) experienced a hard fork on November 15th. The main outcome of the fork was the splitting of the Bitcoin Cash chain into two chains, and therefore two tokens - Bitcoin Cash ABC and Bitcoin Cash SV. This means that anyone that held 1 BCH before the fork would end up with 2 tokens after the fork - 1 BCH (ABC) and 1 BSV. Last month, we implemented a coin-splitting solution that allowed us to safely resume Bitcoin Cash services in the Wallet, with BCH representing Bitcoin Cash ABC. This coin-splitting solution preserved users balances on the Bitcoin SV chain.
We have been tracking Bitcoin SV chain closely and will now offer limited, close out transaction support for Bitcoin SV (BSV). You will be able to view your balance, exchange BSV for BTC, BCH, ETH, and XLM through Swap, and send BSV to any address. We do not have plans to enable full BSV functionality at this time.
To access BSV services and your BSV tokens, log into your wallet through any web browser and select the Settings option on the bottom left, then Wallets & Addresses. On mobile? You can log into your Web Wallet by logging into the Blockchain app and clicking 'Log in to Web Wallet' in the side navigation.
Web Wallet login from Mobile WalletBSV services within Settings
We will continue to monitor activity of BSV to determine how long we will maintain limited support and we’ll make sure to keep you updated on any service changes! Have questions? Feel free to reach out to our Social team and support team for help.
As 2018 takes its seat in crypto history, we wanted to look back at the various milestones we unlocked while improving the way the world connects to crypto. We are proud of these moments and couldn’t have done this without our users, our team, and the industry.
There is no doubt 2019 will be a great year for crypto. We are excited to embark on another year of continued building to make the financial system more fair and accessible for everyone.
To mark the tenth anniversary of the genesis block - the first-ever block of Bitcoin mined - crypto holders across the globe are withdrawing funds from third party exchanges. Doing so, will ensure these exchanges are solvent and, more importantly, honors crypto’s founding principle of independence from centralized financial systems. This ‘Proof of Keys Celebration’ has gained steam and we are supportive.
At Blockchain, we’ve always believed that owning and controlling your private key - and with it your crypto - is the single most important aspect of using crypto. Without having full control over your private key, you’re missing the defining aspect of crypto: user controlled, sovereign assets. Not sure what your private key is? Learn more here.
Enabling users to “be your own bank” and truly maintain control of their crypto has been at the core of the Blockchain Wallet since its inception. Our passion for ensuring that users retain control over their funds was extended last year with the launch of Blockchain Swap, a next generation trading product that allows Blockchain Wallet users to exchange crypto quickly and with ease for the price you’d pay on exchange, without giving up control of your keys.
Not one of the 30M+ Blockchain Wallet holders using our platform to store, trade and transact while maintaining full control of your funds? It takes moments to create a free Blockchain Wallet with a verified email address and be on your way to taking back control of your crypto from centralized exchanges. Get started here.
Note to those planning to take part in the Proof of Keys Celebration: As you prepare to transfer funds from your exchange account to your wallet address, make sure to factor in withdrawal limits and network congestion. And, as always, it is critical to keep your private keys secure. Don’t share them with anyone you don’t want to share full control over your funds.