Claim your accelerated priority transactions!

Thanks to our mining pool, BTC.com wallet users now save up to 94% on blockchain fees!

Photo courtesy of Kristina Paukshtite via Magdeleine.co.

If you’ve recently sent bitcoin, you might have noticed an upsurge in blockchain transaction fees. This has been a source of frustration for all of us, and we’ve received numerous emails from users expressing as such.

So, as one of the only bitcoin wallets with a mining pool, we are taking action.

To cope with increasing transaction fees, BTC.com is testing a new beta feature!

That’s right — we’re giving our users accelerated priority transactions for the cost of low priority transactions. Wallets receive the ability to make three such transactions per month, while our dedicated funds for the service last.

To make the most of our offer — as far as we know the first of its kind — act now!

Visit your BTC.com web wallet to make your first accelerated transaction!

Note: The BTC.com push transaction service is a beta feature currently being tested on the web wallet only. It will be available on Android and iOS in the near future. BTC.com reserves the right to refuse any transaction, and will not be held responsible for failed or delayed transactions. Miners in the BTC.com mining pool will not be negatively financially affected, and will continue earning FPPS (full pay-per-share) subsidized by the BTC.com wallet.

Contributing editor: Adam Kohut


Claim your accelerated priority transactions! was originally published in The BTC Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.


Source: btc.com
Claim your accelerated priority transactions!

Winner, winner, pizza dinner!

The lucky 10 winners (plus one honorable mention) of our Bitcoin Pizza Day giveaway have been selected! Are you one of the chosen few? Scroll down and find out! Should you see yourself, BTC.com will contact you shortly with your promo code. Happy eating!

Twitter entries

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Our sole Instagram entry. Thanks to @amandahgram!

And our honorable mention, whose pluck and creativity persuaded us to send him a €3 promo code for more dim sum! Congratulations!

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Winner, winner, pizza dinner! was originally published in The BTC Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.


Source: btc.com
Winner, winner, pizza dinner!

Bitcoin news roundup: May 21 2017

Thanks for joining us for this edition of our bitcoin news roundup, where we’ve got headlines on the recent $2,000+ bitcoin price surge, notable recent and upcoming block chain industry events, and valuable takeaways from the WannaCry attacks. Read on to find out more!

Bitcoin’s price continues its rally to $2,000 & beyond

1 bitcoin, pictured as a physical coin, sits above a diagonal upwards arrow to demonstrate the bitcoin price surge
Source: BitcoinMagazine.com

Speculation for this year in bitcoin has included reaching consensus on a solid scaling solution, as well as growing global interest from consumers, banks, and governments. And we can’t forget the buzz about the bitcoin price, which included predictions from $2,000 to $3,000 by the end of the year. Well, the price has indeed soared to $2,000, and beyond, at a rate some say is unhealthy and may be indicative of a bubble.

Is a price correction approaching? Price analyst, Josh Olszewicz, draws similarities between recent trends and the rally and bubble of late 2013. Olszewicz admits that historical trends don’t dictate the future, but certain markers may give us clues about what may happen next. Boom and busts expert, Vikram Mansharamani, concluded a bubble was unlikely during the rally in early March. With digital assets in constant flux, Mansharamani’s method can be used at any time to get a sense for the state of the market.

Reasons behind the bitcoin price surge

Industry enthusiasts are sharing their take on the recent bitcoin price surge, with Japan’s growing adoption and April 1st legalization identified as one of the most marked explanations for growth. Olivia Tierney of Seeking Alpha explains how Japan has surpassed China to become “the World’s Largest Bitcoin Market.” Since bitcoin became a legal method of payment in Japan, she cites that its market value has risen by 80%.

Innovative industries have a long history of being stifled by overbearing regulation, with Japan having its own complicated tug of war between innovation and regulation. But in bitcoin’s instance, the timing of Japan’s market activity surge seems to indicate that the regulatory policies may be giving bitcoin the legitimacy it needs to gain the trust of Japanese retail traders.

The altcoin market may also be another supporting price driver. Bitcoin is the leading digital asset of its kind, and consequently, it is also common practice to use it for purchasing altcoins. As altcoins like litecoin, which saw the activation of Segregated Witness earlier this month, garner more interest, bitcoin network activity may also be seeing a resulting jump from users buying bitcoin as a means to purchase altcoins.

Prague a growing hub for block chain innovation; the third annual Consensus

Attendees of the third annual Bitcoin and Blockchain Conference Prague connected recently in the Czech Republic capital. Notable figures across many industries voiced their ideas on the application of block chain technology in fields like healthcare, government and banking, with a focus on Czech and European innovation. A short time before the conference, big news hit that European e-retailer Alza announced it has started accepting bitcoin as payment due to customer demand. Alza is the largest online retailer in the Czech Republic and Slovakia.

Numbers for notable stats at Consensus event including speakers, sponsors, attendees, etc.
Source: CoinDesk.com

Following the recent conference in Prague is CoinDesk’s annual block chain technology summit,  Consensus, held in NYC this week. On day two of the event, our CEO Peter Smith joins ShapeShift CEO, Erik Voorhees, to discuss the strong and emerging digital assets markets, and what the future has in store for block chain technology.

New, improved address format proposed; is optimized for SegWit

Roadblocks both big and small present a collection of challenges when it comes to optimizing bitcoin for mainstream adoption. One particular roadblock relates to the not-so-user friendly format for bitcoin addresses themselves. And earlier this month, news was released on Bech32, a project co-developed by Bitcoin Core developer Pieter Wuille and Blockstream CTO Greg Maxwell. The project is an effort to improve the usability of bitcoin addresses and optimize address compatibility with SegWit, if and when it is activated.

Valuable lessons to take away from the WannaCry attacks

On a not so positive note, malware recently infected PCs around the world late last week. The malicious code, which holds a computer’s data hostage until a ransom of $300 is paid, seemed to primarily target PCs running Windows 7.

Malware of this nature has existed long before digital assets like bitcoin. Where things like speed and verification are concerned, bitcoin does rival other forms of payment, but it is in no way superior for maintaining anonymity. More importantly, bitcoin is also uniquely traceable and transparent. In fact, an article on Kaspersky Lab’s Securelist explains that it’s “unlikely the attackers will be able to do anything with the bitcoins.” The personal identities of the parties involved are not revealed on the block chain, but the movement of funds can be traced. Once the stolen bitcoins are actually used to make a purchase, or sold for fiat on an exchange, the perpetrators become exponentially easier to identify.

Whether attackers requested bitcoin or another form of payment from victims isn’t what’s important. The mitigation of malware attacks for any online user requires a preventative approach to optimize online privacy, computer security, and data recovery.

Enjoyed this recap? Leave a comment below and let us know. For more news like this, be sure to check out our archives!

The post Bitcoin news roundup: May 21 2017 appeared first on Blockchain Blog.


Source: blockchain.com
Bitcoin news roundup: May 21 2017

Meet our Team: May 2017

Can you believe it’s nearly summer already? Between the rising trends for global adoption and all the stellar price movement, 2017 has been a record-setting year so far for bitcoin. Joining us on this epic journey are three new Blockchain team members that we can’t wait for you to meet!

New Blockchain team member and Platform Developer, Assaf YossifoffAssaf Yossifoff, Platform Developer

Assaf’s first exposure to bitcoin was during HackLondon, where his team built a winning price prediction and spending app. With a Bachelor’s Degree in Computer Science from King’s College under his belt and a Master’s in Machine Learning from UCL in process, his previous roles include development positions at companies both large and small, including Childmindr and Viagogo, one of the largest ticket marketplaces with operations in nearly 60 countries. Assaf loves the startup challenge and grind, and we’re thrilled to welcome him onto our team as Platform Developer. Additionally, he’s got a serious appreciation for film, which led him to write, produce, direct, and edit a short film that won an award at the Las Vegas Film Festival.


New Blockchain team member and Talent Associate, Taryn DufourTaryn Lane Dufour, Talent Associate

A fresh addition to our talent team, Taryn spent the past year building the teams for London fintech startups Judo Payments and Capital on Tap. Before she made her way into the field of talent discovery, she spent four years as a professional musician in the New Zealand Army Band which was awarded the Pooley Broadsword at the Royal Edinburgh Military Tattoo for Top Musical Act. Suitably so; she received her Bachelor’s of Music with a Major in Orchestral Instrument Performance from UBC, and her Master’s of Human Resource Management is currently in the works. While we’re excited to see Taryn help bring in new talent, we’re also hopeful for the day she surprises us with a fantastic musical performance, marching band style.


New Blockchain team member and Junior QA Analyst, Erin SterchiErin Sterchi, Junior Quality Assurance Analyst

Having obtained a degree in Literature and Sign Language from the University of North Florida, Erin embarked on a literary path that led to her becoming Contributing Editor at Jacksonville, Florida-based literary and media arts magazine, Perversion. Upon moving to New York, Erin began an internship at TED headquarters, where she worked on behind-the-scenes prep for a TED talk shedding light on how society fails to value the artist behind the art. She is energized by innovation and looks forward to making a positive impact in the space. And maybe she’ll spill the beans on how she mastered her Rubik’s Cube skills.

 

Want to work with us? We’ve got open positions in our New York and London offices. You can also learn more about Blockchain by visiting our about us page.

The post Meet our Team: May 2017 appeared first on Blockchain Blog.


Source: blockchain.com
Meet our Team: May 2017

Bitcoin news roundup: May 7 2017

Thanks for joining us for this edition of our bitcoin news roundup, where we’ve got headlines on the bitcoin price’s record number of all-time highs, the SEC’s decision to reconsider the Winklevoss ETF, and lightning network developments from peer-to-peer content platform Yours. Read on to find out more!

A rally of all-time highs for the bitcoin price

April was a stellar month as far as the bitcoin price was concerned, with it leaping beyond March’s all-time high, which was just short of $1,300 per coin. May is getting off to an explosive start as well, with record all-time highs continuing to be set. Jonathan Garber of Business Insider reports that early May 4th it cleared $1,600 for the first time and has gained upwards of 65% in 2017 alone.

Chart showing top 5 currencies making up 24-hr bitcoin trading volume for May 1st
Source: cnbc.com via CoinDesk

There isn’t one specific force seeming to power this major rally, but a collection of possible factors. One includes a reconsideration order, due May 15th, for the SEC to decide on the Winklevoss ETF, which was initially denied in March. Traders once again anticipate an approval, which means more speculation and more eyes following bitcoin. Aside from the SEC’s bitcoin ETF reconsideration, demand from Japanese users and a surge in trading volume is another evidently potential price driver. Japanese legislators made bitcoin a legalized form of payment on April 1st, and a 24-hour look at bitcoin trading volume from May 1st has JPY topping the charts with over 52% trading volume, with USD following at 28%.

Russia will legalize digital currency trading; Antigua and Barbuda explore benefits of bitcoin

As we touched on in our last roundup, Russia and India are also enroute to developing some sort of legislative framework for bitcoin. From their press release in mid-April, the government of India mentioned a three month deadline for their virtual currencies committee to report on their findings. And even more promising than related headlines from our last roundup, Russia has recently come forward to mention their plan to draft a bill that will actually legalize the trading of bitcoin and other digital assets.

Joining the list of governments that have bitcoin on their agenda is Antigua and Barbuda, whose cabinet may be moving forward on a plan to accept bitcoin for government services. Not only do they consider this a way to keep the Caribbean twin-island country ahead of the fintech curve, but bitcoin’s transparency and transaction traceability will help establish them as a global ally against money laundering.

Lightning network innovation; Spotify embraces block chain technology

App on smartphone displaying an assortment of media content
Source: TechCrunch.com

Like our very own Lightning Network-focused project, Thunder, other startups in the space are also working on efforts to bring increased efficiency to the bitcoin network. Yours, an ad-free platform designed to help support content creators with peer-to-peer payments, has revealed they’ve been working on their own version. Most implementations of Lightning are pending use until SegWit is activated. While Yours’ Lightning project is compatible with bitcoin today, CEO Ryan X. Charles admits that it would also see some noteworthy benefits with the activation of SegWit.

On a similar type of mission as Yours, streaming service Spotify recently acquired block chain startup Mediachain. The startup describe themselves as a “peer-to-peer, decentralized database for sharing information across applications and organizations.” For Spotify, Mediachain’s platform could be an innovative way for the streaming service to avoid conflicts over content licensing and proper compensation.

Enjoyed this recap? Leave a comment below and let us know. For more news like this, be sure to check out our archives!

The post Bitcoin news roundup: May 7 2017 appeared first on Blockchain Blog.


Source: blockchain.com
Bitcoin news roundup: May 7 2017