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Wind at our backs, lots of growth, and the road to 1B wallets

Wow, 2020. It’s hard to say anything that will address the highs, the lows, the fear, the relief, the community, and the news we all experienced. It can feel trite to try to bring it all back to your work — but we tried to do so with this video:

Hindsight is 2020

We’re on a mission to tirelessly help build a financial system for the internet that empowers anyone in the world to control their money. 2020 was not only big for the market, but also a hugely transformative year for our product. We shipped:

📈 Earn up to 12% annual interest on your crypto with Interest…


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Last week I sent a letter on behalf of Blockchain.com to Treasury Secretary Steve Mnuchin (embedded below), outlining my concerns regarding FinCEN’s anticipated rules related to self-custodied wallets. Since then, FinCEN released a set of proposed rules that has been widely commented on in the crypto space. The good news is that the proposal published by FinCEN on Friday is less onerous than we had anticipated. For a great synopsis of the proposed rules, I recommend reading Compound General Counsel Jake Chervinsky’s thread on twitter.

Here are some of my thoughts about the proposal to implement additional restrictions on self-hosted wallets, as captured in my letter. First, the rules may be unintentionally detrimental to the underlying goal of addressing money laundering and terrorist financing activities. The challenges of addressing money laundering in the global financial system are admittedly immense. …


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About one crazy year, or lifetime ago, I posted some lessons learned after five years as a venture backed CEO.

What I didn’t share was how hard I have found the journey at times. How hard the isolation, pressure, and self judgement have been to labor under.

I was pushed forward by the unrelenting demons of insecurity and anxiety. No matter how much we accomplished, it was never enough to quiet those demons inside me. When you let those demons run you, they will ruin you, time and time again.

I’ve learned that the goalposts will always move. If you told me six years ago we’d be where we are today, I would have been amazed beyond all belief, yet those goal posts moved long ago. …


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The enthusiasm occurring in the DeFi and NFT communities is impossible to ignore. Following our listing of YFI and Aave, we are proud to announce the addition of two more highly innovative tokens, Enjin Coin (ENJ) and Origin (OGN), on the Blockchain.com Exchange. To complement our DeFi listings, we’ve also integrated DappRadar — a platform to track, analyze, and discover decentralized applications — on the Blockchain.com Explorer. We’ve been following all three projects closely as they’ve grown and are confident in the technology they’re fostering.

We’re eager to make some of the most in-demand tokens far more accessible to millions of Blockchain.com users worldwide. It can be difficult and expensive to trade these tokens. By creating order books for ENJ and OGN on the Exchange, we’re giving millions of customers access to DeFi and NFT in a familiar exchange environment. We are also one of the only ways for people to purchase these tokens with fiat currency such as the US dollar. …


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Starting today, the Blockchain.com Exchange will support some of the most popular DeFi tokens on the market: YFI (yearn finance) and LEND (Aave). The enthusiasm and innovation occurring in the DeFi community are impossible to ignore. That’s why we’re eager to make some of the most in-demand tokens far more accessible to millions of Blockchain.com users worldwide.

If you’re not well-versed in using decentralized trading protocols like Uniswap — or even if you are — it can be difficult and expensive to trade these tokens. By creating order books for YFI and LEND on the Exchange, we’re not only giving millions of customers access to DeFi in a familiar exchange environment, but we’re also one of the only ways for people to purchase these tokens with fiat currency. …


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Today we’re excited to share that for existing Interest Accounts — and any deposits made before 11:59 pm PT on Wednesday — we’re raising rates to the highest in the industry with no maximum deposit.


Assume all other accounts are scams

Everyday, the Blockchain.com team and I hear from people that have been scammed. This is heartbreaking. While we do everything in our power to reduce scams and fraud — literally saving millions of dollars worth of customer funds over the past 3 weeks — it continues to happen daily.

More upsetting to me personally is that scammers impersonate prominent crypto CEOs and influencers, and have recently taken to creating fake accounts in my name on Facebook, Instagram, WhatsApp, Twitter, and more on a daily basis.

To help cut down on this, I recently setup verified accounts on both Facebook and Instagram. …


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We’re now 2 years into Blockchain.com Ventures, and ~15 investments later, we’re excited to expand the investment team.

Our future team member will source, diligence, and lead deals into the best new crypto companies and projects that are at the earliest possible stage. Passion for crypto is a must.

Blockchain.com Ventures is an early stage, purely return-driven fund anchored by some of the best LPs in the technology and crypto world, such as Lightspeed Venture Partners. We’ve generated strong historical financial returns since first deploying capital and want to expand our platform.

We are passionate about this work because we know it will lead to a better world through the creation of an open, fair, and accessible financial system and beyond. We’re excited about a system for storing and moving value that lives on the internet that anyone can be part of. …


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The road to 1B wallets

Blockchain.com will fight tirelessly to help build a financial system for the internet that empowers anyone in the world to control their money.

2020 has been a year for the history books. A global pandemic, economic crisis, and record setting quantitative easing (money printing!) has reminded us that the need for an independent financial system for the internet is greater than ever. So, we went back to our roots as a remote company and built products for you.

📈 Earn up to 5% annual interest on your crypto with Interest Accounts

⚡️ A lightning-fast Way to Buy Crypto

🏦 A simple way to borrow against your…


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The Blockchain.com 2020 Experience

Earlier today we held an event with investors, media, and prime clients to discuss the state of Blockchain.com, how far we’ve come over the past 9 years, and how we plan on getting to 1B wallets by 2030. If you have time, I recommend watching the full event:

Video from our live event on Wednesday, May 20, 2020

The State of Blockchain.com

We’re arguably the oldest crypto company still in operation, having started on a mac mini in a small flat in York, England back in 2011. Since then we’ve come a long way. …

About

Peter Smith

Let’s goooo! | CEO & co-founder @ www.blockchain.com

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