Newsletter August 2021

Crypto heated up this month. And by that we don’t just mean the markets.

ICYMI: Asset Drops, Trade Contests, and an Enhanced Experience

August was brimming with asset listings. The Blockchain.com Exchange has 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).

In addition to these asset losses, we’ve teamed up with popular token teams – Blockstack (STX), Enjin (EFI), SushiSwap (SUSHI), and most recently BitClout (CLOUT) – to launch trade competitions and giveaways with popular tokens. Did you take part to win?

Last month we introduced a number of improvements to make access to the Blockchain.com Wallet and Exchange easier and more secure than ever. In short, we’ve improved the way you log in with Email Magic Links, Secure Channel Login Approval, and Account Recovery.

The bottom line

There have been big moves in the crypto markets this month. At $ 39,000 earlier in the month, Bitcoin slowly and steadily rose to $ 50,000 before pulling back. The months ahead will tell whether these moves represent the final stage of this bullish cycle or whether there is sustained growth on the horizon.

Feature of the month: Easy trading

The last two months of assets have been added to the Blockchain.com Exchange. If you are new to crypto exchanges and trading, this can seem overwhelming at first. The simple trade function within the exchange makes trading more accessible. You can buy and sell crypto quickly and easily without having to use order entry tickets, ‘stop limits’ or the like.

If you are new to crypto trading and want to take the plunge, Simple Trade is for you.

The cryptosphere

The cryptocurrency industry made headlines this month, but not for the reasons we expected. To the surprise of the industry, a last-minute amendment was added to the U.S. infrastructure law, imposing new tax reporting requirements on cryptocurrency brokers. The language was very broad and could include node runners, developers, and miners who do not have access to data that the US government would have to report about them. The cryptocurrency community was able to quickly band together and form a coalition powerful enough to stun most of Washington, including direct lobbying for senators and mobilizing tens of thousands of letters and phone calls in a matter of days.

There’s a lot about this story to wrap up in a single paragraph, but suffice it to say that the crypto community has made a huge contribution.

Blockchain.com on 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, has been listed as one of Fortune’s Movers and Shakers.
  • Miami Herald – The Miami Herald reported on the recent introduction of Blockchain.com product availability in Florida.
  • Morning Brew – Amadeo Pellicce, Senior Product Manager at Blockchain.com, spoke to Ryan Duffy about the private key wallet and the introduction of crypto.
  • The Science Times – David Thompson of The Science Times wrote about Blockchain.com’s CFO Macrina Kgil and her groundbreaking career.

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