Coinbase Talks 1 Million Wallet Milestone, Mt. Gox and What's Next
San Francisco-based bitcoin wallet provider Coinbase has revealed that it officially passed 1 million wallet downloads on 27th February, a major milestone in the lifecycle of the less than two-year-old company. Founded in June 2012, Coinbase is the second most downloaded consumer bitcoin wallet behind rival Blockchain, which passed its 1 million wallet mark in January. But, that doesn't make Coinbase's numbers any less impressive. At the beginning of 2013, Coinbase had facilitated just 13,000 wallet downloads, meaning it saw more than 7,000% growth over the course of 2013. Further, the....
Related News
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....
Wallet software provider Blockchain has opened its three millionth bitcoin wallet, having doubled downloads in less than a year. The company has seen continued demand since bitcoin's 2013 price spike, passing the 1.5 million milestone in April. Rival Coinbase currently lists 2.5 million wallets in the wild. Speaking to CoinDesk, CEO Peter Smith could not confirm how many of Blockchain's wallet accounts are active (ie contain funds) for privacy reasons. However, he pointed to record-breaking transaction volume as a sign of bitcoin's user growth.
Bitcoin wallet provider MultiBit has passed an important milestone - its one millionth download. In fact, since nobody was actually keeping track, their one-million milestone came and went without anyone noticing and the current figure is much higher. When the MultiBit team was recently asked how many downloads had occurred since launch, they crunched a few numbers to reveal that the wallet had in fact been downloaded a total of 1,517,000 times since April 2011. The team pointed out: "The figures have been adjusted down to take into account various DoS attacks and are based on the overall....
Former Facebook and AOL executive Chamath Palihapitiya has updated his projection on wallet downloads in 2014. In January, Palihapitiya, who is one of the largest individual owners of bitcoin, had predicted 11.5 million wallet downloads, but after the bitcoin price stabilised below $500 in the first quarter of the year, he has readjusted his forecast to 7.3 million. He shared this information via a tweet last night: If you are wondering why USD/BTC is depressed, here is our internal projection of wallets thru EOY 2014... pic.twitter.com/Fh23kFBolw. - Chamath Palihapitiya (@chamath) April....
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....