June 2021 Newsletter
Summer 2021 started off with a bang.
Between the excitement of Bitcoin 2021: Miami, a stream of launches, partnerships, announcements and industry news, it’s hard to believe that there were only 30 days in June.
ICYMI: A month full of launches
In June, we announced that $CLOUT, the native token of the BitClout network, was listed exclusively on the Blockchain.com Exchange. Customers can deposit and trade $CLOUT, or send to the BitClout network. BitClout is the first social network built from the ground up as it’s own custom blockchain. That means every creator has a direct relationship with their followers, unlocking new ways to engage and monetize their audience.
A recent update to Blockchain.com web wallet and mobile applications contained an exciting improvement: SegWit. At a high level, Segwit (or Segregated Witness) restructures Bitcoin transactions in a way that makes them smaller, taking up less space on the Bitcoin blockchain and ultimately making it more efficient and cheaper to transact on-chain.
Gone are the days of impossible-to-remember, 36-character crypto addresses. We’ve partnered with Unstoppable Domains to enable customers to send crypto to blockchain domains. You now have the option to simply type an easy to remember domain (i.e. brad.crypto).
Blockchain.com now supports AAVE and YFI (yearn.finance) Interest Accounts at a current annual interest rate of 8%. With these additions, you can earn interest on eight of the top cryptocurrencies, including BTC, ETH, USDT, PAX USD, BCH, and XLM.
Instant Transfers for customers using GBP and EUR is now live in the Blockchain.com Wallet and Exchange via Open Banking. For millions of Blockchain.com users across Europe, connecting to your bank is now as easy as 1,2,3.
The Bottom Line
Markets this month reacted to China’s continued crackdown on crypto mining. And while it may be painful in the short term, Blockchain.com CEO, Peter Smith, argues that it is ‘hugely positive for the bitcoin ecosystem’. We are seeing mining companies relocate to places like Texas and Kazakhstan, something we’ll be keeping an eye on in the coming months.
Feature of the Month: The Blockchain.com Exchange
The Blockchain.com Exchange was in the spotlight this month from the exclusive listing of $CLOUT. After launching in July of 2019, the Blockchain.com Exchange has grown to support 45 trading pairs and USD, GBP, EUR and TRY on-ramps.
Whether it’s speed, liquidity, performance, or all the above, the Blockchain.com Exchange is the last crypto exchange you’ll ever need. With the Blockchain.com Exchange, you can always trade when you want, not just when you can. See for yourself at exchange.blockchain.com.
Early in June, thousands of crypto enthusiasts from around the world attended the highly anticipated Bitcoin 2021: Miami event, including the team at Blockchain.com. Our CEO and Co-Founder, Peter Smith joined a panel to discuss the crypto lending market and gave a keynote presentation on building bitcoin for the next decade (4:19:20).
While in Miami, we also announced Blockchain.com’s new Miami HQ at a City Hall press conference with Mayor Francis Suarez. We’re thrilled to participate in the “Miami Movement” that’s happening right now in crypto. Miami is a prime location for Blockchain.com as the city has a welcoming regulatory environment that will help fuel crypto innovation. In Miami and want to join the team? Apply today at blockchain.com/careers.
In a video broadcast to Bitcoin 2021, El Salvador’s President, Nayib Bukele, announced El Salvador’s partnership with Strike to build the country’s modern financial infrastructure using bitcoin technology. Since then, the country became the first to adopt bitcoin as legal tender in a move taking effect September of this year.
Blockchain.com in the News
CNBC — Blockchain.com CEO and Co-Founder, Peter Smith, was live on CNBC’s TechCheck. He discusses bitcoin and crypto volatility.
CoinTelegraph — Helen Partz of CoinTelegraph covered Blockchain.com’s partnership with Unstoppable Domains to integrate readable domains in the Wallet.
Empire — Peter sat down with Jason Yanowitz on his podcast, Empire, to chat about why Bitcoin Maxis are wrong about BitClout and DeFi
Miami Herald — Blockchain.com announced its new US HQ in Miami, Florida at a City Hall press conference with Mayor Francis Suarez.
Yahoo! Finance — CEO Peter Smith, was once again, this time on Yahoo! Finance to discuss China’s crackdown on bitcoin mining and the $CLOUT listing on the Blockhain.com Exchange.