On November 15th 12:00 UTC the Bitcoin Cash (BCH) network will split into two chains: the Bitcoin Cash Node (BCH) chain and Bitcoin Cash ABC (BCH ABC) chain.
Blockchain.com will be supporting the Bitcoin Cash Node (BCH) chain and reserves the right to not recognise the BCH ABC fork if there is insufficient adoption of the new chain.
As a precaution, we will halt all sends, deposits and withdrawals of BCH on November 14th until the network appears stable. Additionally, upon resuming transaction support, we may increase the number of network confirmations required for deposits to process.
Trading within the exchange and trading wallet will be halted. Swap, deposits and withdrawals between the exchange and the trading wallet will experience temporary delays. …
There is perhaps no better illustration than the 2020 US presidential election of the value of blockchain technology.
As we write we are now 3-days out from the completion of voting in an election that remains undeclared and contested. Slow, opaque voting systems have created openings for accusations of fraud and malfeasance. As the US descends into electoral acrimony there is no telling where our outdated voting technology will leave us.
Instead of the voting system we currently have, imagine a system where you were able to easily self-audit your activity to ensure your actions were recorded accurately.
Imagine being able to confirm results within minutes of an action taking place. …
We love a good winning streak.
As we enter October and enjoy the baseball playoffs and upcoming World Series, we’re reminded of Joltin’ Joe DiMaggio’s 56-game hitting streak as we watch bitcoin continue on its current record-setting streak of days above the price of $10,000.
At publication time bitcoin has been above the psychologically important $10k level for 77-days and counting. This well eclipses the prior record of 62 days in 2017, when bitcoin set its all-time price high of ~$19,000 in December 2017.
How long can bitcoin keep its current streak going?
As we discuss below, a number of people have previously incorrectly forecasted that bitcoin would never retreat below $10k and see 4-digit prices again. …
Your first day on a crypto exchange can be overwhelming. Our support team has helped thousands of customers through their first time answering questions like: How do I place an order? Which order type should I use? What’s the difference between limit and stop-limit? At Blockchain.com, we delight in making crypto easier for everyone, which means making our exchange more accessible, too.
Today, we are excited to launch Simple Trade on the Blockchain.com Exchange. As the name implies, Simple Trade allows users to quickly and easily buy and sell crypto without actually having to use a complicated order entry ticket, know the meaning of “stop-limit,” or anything else. …
Crypto solves problems.
For over a decade cryptocurrencies and blockchain networks like bitcoin and ethereum have offered 10x improvements (or more) over the status quo, including:
Solving problems is the simple explanation behind why crypto has continued to grow in use and value over time.
The latest problem crypto is addressing is financial repression (also known as “yield curve control”), a shrouded mix of economic policies that can help manage unsustainable government debts through manipulating interest rates to artificially low levels. …
Crypto needs your help.
I remember during the 2008/2009 financial crisis, how much anxiety and concern there was about the future — unemployment was rising, mortgages defaults were skyrocketing, and Wall Street executives were begging for a bailout.
Out of the ashes of old, a new financial system for the internet was born.
Satoshi inspired a world of shapers who posed big questions: What if we could make a better type of money? Money that wouldn’t care about the color of your skin or where in the world you were born. …
We are moving closer to a crisis that is potentially much more catastrophic than the 2008 Great Financial Crisis, or GFC.
The July US debt outlook downgrade by Fitch, along with a warning from Goldman Sachs analysts about the risk of the US dollar losing its dominant reserve currency status, marked a more visible path towards a potentially greater crisis than 2008’s GFC. US dollar weakness has also helped buoy crypto demand.
Whether we’ll ever see an even bigger crisis than the GFC — a Great Mother of All Financial Crises — is something we explore later in this month’s Outlook. …
We are pleased to announce that we’ve added USDT (Tether) to the Blockchain.com Wallet. Blockchain.com users can now buy USDT, swap other crypto for USDT, or simply send and receive USDT in the Wallet. And beginning next week, users will be able to deposit USDT into an Interest Account to start earning up to 7% interest annually.
As a stablecoin, USDT anchors its value to the price of the US dollar, meaning one Tether will always equal ~1 USD.
Stablecoins like Tether shield you from crypto market volatility, and in turn, empower you to have a digital store of value that you can choose to self-custody. This means that, with just a mobile phone and an internet connection, you can store your assets securely and be independent from banks and other financial institutions. …
Social media can be a useful way to connect with others, stay informed and express yourself. However, there are those who will try to exploit social media security holes to their advantage. We want to make sure our community is as safe and informed as possible. Now is a good time to examine a specific incident.
On Wednesday July 15th, Twitter experienced a significant security breach when some of the world’s most widely followed Verified Accounts — including those of Joe Biden, Barack Obama, Bill Gates and Elon Musk — started posting content linked to a crypto scam.