Crypto heated up this month. And we don’t just mean the markets.
ICYMI: Asset Drops, trading competitions, and an improved experience
August was filled to the brim with asset listings. The Blockchain.com Exchange added new coins, including Efinity Token (EFI), SushiSwap (SUSHI), and Wrapped Bitcoin (WBTC). The Blockchain.com Wallet listed coins, including USD Coin (USDC), Dogecoin (DOGE), Litecoin (LTC), and BitClout (CLOUT).
Along with these asset drops, we teamed up with popular token teams — Blockstack (STX), Enjin (EFI), SushiSwap (SUSHI), and most recently BitClout (CLOUT) — to launch trading competitions and giveaways with popular tokens. Did you enter to win?
Last month, we introduced a number of improvements to make it easier and safer than ever to access the Blockchain.com Wallet and Exchange. In short, we improved the way you log in with Email Magic Links, Secure Channel Login Approval, and Account Recovery.
The Bottom Line
This month featured major movements in the crypto markets. Starting the month at $39K, Bitcoin churned slowly and steadily to $50K before retreating. The months ahead will reveal whether these moves represent the last phase of this bull cycle or continued growth on the horizon.
Feature of the Month: Simple Trade
The past two months asset after asset has been added to the Blockchain.com Exchange. If you’re new to crypto exchanges and trading, it can seem overwhelming at first. The Simple Trade feature within the Exchange makes trading more accessible. You can quickly and easily buy and sell crypto without having to use order entry tickets, ‘stop-limits’ or anything like that.
If you’re new to crypto trading and want to take the plunge, Simple Trade is for you.
The cryptocurrency industry made headlines this month, but not for any of the reasons we might have anticipated. To the surprise of the industry a last minute amendment was added to the U.S. Infrastructure Bill imposing new tax reporting obligations on cryptocurrency brokers. The language was very broad and could encompass node runners, developers, and miners who have no access to data the U.S. government would require them to report. The cryptocurrency community was able to quickly rally together and form a coalition powerful enough to stun most of Washington, which included directly lobbying Senators and mobilizing 10s of thousands of letters and phone calls in a matter of days.
There’s a lot to this story to pack into a single paragraph snippet, but suffice to say the crypto community came out in a big way.
Blockchain.com in the News
- BTC Manager — Dalmas Ngetich covered the Efinity Token (EFI) listing on the Blockchain.com Exchange.
- Fortune Broadsheet Newsletter — Mimi Brady, Blockchain.com VP of Customer Success, was listed as one of Fortune’s Movers and Shakers.
- Miami Herald — The Miami Herald covered the recent launch of Blockchain.com product availability in Florida.
- Morning Brew — Amadeo Pellicce, senior product manager at Blockchain.com, spoke with Ryan Duffy about the private key wallet and crypto adoption.
- The Science Times — David Thompson of The Science Times wrote about Blockchain.com’s CFO, Macrina Kgil, and her trailblazing career.