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.
As many of you know, Bitcoin Cash (BCH) experienced a hard fork as planned on 15 November. As a precaution, we halted Bitcoin Cash services within the Wallet until we felt the situation was stable. We now feel confident that it is safe for our users and will be resuming Bitcoin Cash services in the Wallet over the next few days.
Please note, when we resume Bitcoin Cash services in the Wallet, Bitcoin Cash (BCH) will represent Bitcoin Cash ABC. Because one result of the fork was the emergence of another BCH chain (Bitcoin Cash SV), we suggest that you confirm that the party you are transacting with is also using Bitcoin Cash ABC when sending or requesting BCH within your Wallet to avoid any loss of funds.
Have a specific question? Drop us a line, our Social Team is here to help.
We have been closely tracking the Bitcoin Cash (BCH) hard fork set to take place at 16:40 pm UTC (11:40am EST) on Thursday, November 15th and what it means for you. The outcome of the hard fork will likely be two different blockchains and tokens. But not to worry, we’ve got you covered!
First, your funds are safe, but we are taking some precautions on your behalf. We will temporarily disable Bitcoin Cash services starting at 13:40pm UTC (8:40am EST) on Thursday until we can determine that the situation is stable. During this time, you will still be able access Bitcoin, Ether, and Stellar services within the Wallet.
Following the fork, your Bitcoin Cash balance will reflect the value from 24 hours before the fork. The the fiat value of your Bitcoin Cash holdings will begin updating as soon as the network stabilizes.
No immediate action is required on your part. We will be closely monitoring the situation and will make sure to update you via our social channels and from within the Wallet. Have a specific question? Drop us a line, our Social Team is here to help.
The Blockchain Wallet is designed so users can control their crypto with ease and truly use it. But we’d be nowhere without the tens of millions of people that have used the Blockchain Wallet and allowed us to pioneer user-controlled finance at scale.
There are so many ways we could say thank you to our 30M (and counting!) Wallet users - but we narrowed it down to 125 million.
Starting today, in celebration of adding full support for XLM in the Blockchain Wallet, we’ll begin giving away $125,000,000 of Stellar (XLM) to YOU, our users. With nearly 30M Blockchain Wallets to date, we’re excited to add an entirely new way for users to get their first crypto.
And just as Blockchain never charges listing fees to join our platform, we aren’t keeping a single XLM for ourselves. We’re giving them all away. That’s a lot of 0s to distribute. In fact, this is the largest airdrop in the history of crypto and likely the largest consumer giveaway ever.
Why are we doing this? We’ve already shared our thoughts on how Blockchain Airdrops are a great way for crypto creators to drive decentralization and adoption for new networks. We think they’re great for crypto users too. They let you test, trade, and transact with the next generation of crypto assets without having to buy them or mine them. Your Blockchain Wallet has always been the safest and easiest way to use crypto. Now, with the launch of the Blockchain Airdrops program, you can count on your Blockchain Wallet as a place to learn and discover new assets, too - all for free.
We’re starting with Stellar because its network is built for scalability. Its token, XLM, enables quick, low cost, worldwide transactions, even when millions of people are using it at once. Stellar can even create custom tokens representing real-world or virtual goods and services. Lastly, Stellar has a world class development community and a vibrant, functioning ecosystem.
We’re also partnering with a number of organizations on this airdrop, including the Stanford d.school's emerging tech initiative, Code.org, and Network for Good, who share our vision for using this transformational technology to build a better future. And we'll be partnering with charity: water to make donations in support of their mission. More details on those partnerships will be revealed in the coming weeks!
By growing the Blockchain community, we can help more people own and control their financial future. Our first Blockchain Airdrop, Stellar XLM, is another step in driving this mission forward. Visit blockchain.com/getcrypto to be among the first to claim yours.
We’re delighted to announce the publication of The State of Stablecoins, a major research report focused on the rapidly growing world of stablecoins.
The report is the first of its kind to take a full look at the current state of the stablecoin market - an under-discussed but increasingly important part of the cryptocurrency ecosystem. And a space where we expect to see significant innovation in the coming years.
As stablecoins are tied either to the price of a commodity or to the operation of an algorithm, their prices are much less volatile than other cryptoassets. This means they’re appropriate for a whole host of use cases in the longer-term, ranging from store of value and derivatives, to smart contracts and remittances. Collectively, these are potentially worth tens of trillions of dollars. This means that stablecoins could act as a tipping point into wider crypto-asset adoption.
It’s an area that is also gaining increasing attention from investors, with over $350m committed to date from established funds such as Bain Capital Ventures, Google Ventures, Andreessen Horowitz, and Lightspeed Venture Partners, among others.
The State of Stablecoins report takes a detailed look for the first time at the strengths, trade-offs and concerns associated with all 57 active stablecoins, including both live and pre-launch projects, using a new data set that includes previously non-public information.
The report gives an overview of the different stablecoin formats currently in use, their relative performance and provides insights into the regulatory landscape. It also gives projections for how the market will develop over the next few years.
As well as providing great products to our users, Blockchain has been committed to shining a light on the state of the markets, ever since the early days of Blockchain.info, when we first launched our block explorer service.
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.