Coinbase Fast Approaching One Million Consumer Bitcoin Wallets
San Francisco-based Coinbase is growing up fast! Launched in June 2012, the company gained tremendous amounts of attention last year when the price of bitcoin started to climb more rapidly than most of us would have predicted. And it shows in the numbers. According to the company's About page, about 950,000 online consumer bitcoin wallets have been set up on the service. A snapshot from the Internet Archive's Wayback Machine dated February 7th, 2013 shows a count of 920,000 consumer wallets. That would suggest that 30,000 wallet accounts have been set up in the last week alone. Going back....
Related News
San Francisco-based Coinbase, a bitcoin brokerage, has reached another milestone today. There are now over 1,000,000 consumer wallets set up on the service. The information comes from the company's 'About' page, and it should be noted that the company has not made a formal announcement (yet). On February 14th, we published an article that noted the company was fast approaching 1 million consumer wallets. At that time, the count was about 950,000. One week earlier, there were 890,000 account set up - and increase of 30,000 accounts in the matter of seven days. Coinbase's tremendous growth....
San Francisco-based Coinbase is making the news again, and this time it's with a milestone. The company - which allows consumers to easily buy and sell bitcoin - in addition to providing merchant services, has apparently reached 1.5 million consumers wallets. That's according to the company's About page, which is seemingly updated frequently (by our observation, changes to the page are made every 1-2 weeks). The company's last milestone on this front was in late February, when it was announced that they had reached one million consumer wallets, so it's taken a few months to amass a....
Coinbase has secured $25 million in funding from Andreessen Horowitz. The venture capital firm headquartered in Menlo Park, California was founded by Marc Andreesen and Ben Horwitz. Obviously enamored by the "Neon Sign", these gentlemen are putting their money where their heart is. As anyone in Silicon Valley will tell you, when Andreessen Horowitz get on a train, heads turn. From the Coinbase Blog: Coinbase Raises $25 Million From Andreessen Horowitz. On August 1st, Coinbase reached a milestone of 200,000 users. That was quickly followed in mid-October by the news that we had reached....
Some interesting figures coming from Blockchain.info. As we approach the conclusion of 2013, it would appear as if Blockchain.info's user count of their 'My Wallet' bitcoin wallet is fast approaching one million users. Just take a look at the chart above. You can see exponential growth beginning in November, which is pretty much proportional to the huge inflation in the price of bitcoin around the time. At this rate, it looks as if the one million user mark will be crossed in January 2014. But where will we be in one year? Looks like the only way from here is upwards. (via Blockchain.info)
Following three consecutive sessions of declines, BTC was fast approaching its support level of $40,000 on Friday, as markets prepared for February’s nonfarm payrolls report. This came as ETH also fell lower, and is approaching its own floor of $2,500 in the process. Bitcoin BTC bulls have been few and far between over the last few days, as the world’s largest cryptocurrency faced growing pressure from bears. This pressure came following Tuesday’s climb to the resistance level of $45,000, which then triggered an onslaught of short sellers, who entered the market. As....