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July 3, 2026
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New Ways to Control Your Crypto 🚀

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New Ways to Control Your Crypto 🚀

We built the Blockchain Wallet because we’re driven by a relentless passion for making crypto easy to use. We want everyone to be able to use it, not just invest in it.

We believe that owning and controlling your own private key is the single most important aspect of using crypto. Without a private key, you aren’t using crypto – you’re just speculating and you’re missing the defining part of crypto: user controlled, sovereign money.

It was enabling that exact need that underpinned the development of the Blockchain Wallet six years ago. The mission? Make it easy for every user to have their own private key, to get users away from storing funds at exchanges and “bitcoin banks”, and to enable everyone to be their own bank.

Fast forward six years and we’ve achieved a few things that we’re proud of:

Building the first cross-platform, non-custodial, and cross-chain wallet
Signing up 30 million wallets in 140 countries globally
Powering over $200 billion in consumer transaction volume and over 80 million consumer crypto transactions in the last two years alone
Championing the cause of financial sovereignty and user-control with regulators around the world. (We’ve spent thousands of hours and millions on education and outreach.)
Helping our users store millions of BTC, BCH & ETH coins and generate over a quarter of bitcoin network traffic alone

Most importantly, it’s been a honor and privilege to be the first place tens of millions of people turn in order to actually use crypto and hold their own keys.

But there’s a lot still to do.

At the end of the last bull run, we did a serious self-assessment and asked ourselves, what do users need that we aren’t delivering today? We identified four common requests and frustrations:

Better, faster ways for new users to get their first crypto and make their first transaction
More storage types, like hardware, as users’ balances increased
More assets as users want to store and use an increasingly diverse asset set
Better, more reliable sources of liquidity as trading and investing across assets continues to increase

Satisfying these demands meant building a huge extension of our platform, at scale. We’ve had our heads down much of this year doing exactly that and starting today we’re excited to begin delivering new solutions to you, beginning with two new capabilities.

First, we’re launching Swap by Blockchain: a next generation trading product with best-in-class liquidity and execution, powered by our new machine trading software platform that ensures best execution across assets. Blockchain Wallet users will now have access to exchange-like prices without giving up control of their keys or their crypto. And trade limits will increase from hundreds to thousands of dollars of crypto per trade.

While the system currently has deep liquidity drawn from a variety of sources, we plan to add more liquidity sources over time, including decentralized exchange protocols. We’ve rebuilt our risk and KYC systems, so that you can onboard with ease, in minutes. Swap ensures our users stay liquid and can trade at the best prices in the market, regardless of overall market volatility and challenges. We’ve started rolling Swap out today and everyone will have access over the next two weeks.

Secondly, we’re launching Lockbox: a hardware vault in your pocket, built in partnership with hardware leader Ledger. Lockbox is simple to use and is even more secure thanks to a locked endpoint that prevents phishing and spoofing attacks. It’s hardware made easy, with a setup that takes just a few moments thanks to our custom hardware-software integration.

With Lockbox you’re able to check your balance and receive transactions, on mobile and web, without the inconvenience of having to plug your device in every time. In an industry first, you’ll also be able to trade directly from your Lockbox while still maintaining your keys. In conjunction with Lockbox, we’re also excited to let current Ledger device owners seamlessly pair with the Blockchain Wallet and trade directly from the Ledger device they already own.

And we have more coming this year, including additional assets and new products within the Blockchain Wallet that will bring you new, faster, and better ways to get started in crypto.

We’re here to build a new financial system and the Blockchain Wallet is your passport to that new world. Store crypto, trade crypto, transact with crypto and most importantly truly own and control your crypto.

We’re dedicated to building the functionality you want, without compromising your control of your key. Your crypto is yours, and it should stay that way.

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Hackers from North Korea Attempt to Steal Bitcoin

Hackers from North Korea have attempted to infiltrate several cryptocurrency exchanges in South Korea, and some entities are saying that this action should serve as a wake-up call.

One can definitely say that the country of North Korea is not a highly desirable tourist destination. The ruling military dictatorship, currently under the control of Kim Jong-un, has kept the country isolated from the rest of the world for decades. While we sometimes laugh at the absurd news that the official North Korean news agency reports, such as finding unicorns and how Kim Jong-un excels at everything humanly possible, the reality is that North Korea is a dangerous state. It has kidnapped people off the beaches of Japan and sends assassins into South Korea. It’s recent intercontinental ballistic missile (ICBM) testing has led to severe UN sanctions, and its ongoing nuclear program is definitely worrisome. Hackers from North Korea have long been active in seeking to cause mischief, and their current targets are a number of bitcoin exchanges in South Korea.

North Korea Desperately Needs Money

It should come as no surprise that North Korean hackers are looking to get their grubby mitts on some bitcoin. CNBC recently reported on this nefarious activity. A report from FireEye states that hackers from North Korea (who are extremely likely to be agents of that rogue state) have targeted the personal email accounts of those working at various bitcoin exchanges in South Korea using tax-themed lures and deploying malware. So far, three exchanges are known to have been targeted, and there is a possibility of four wallets being targeted on the Yapizon exchange as well.

North Korea is desperate for funds. The UN sanctions have really hurt their already-fragile economy as the sanctions impacted a full third of their exports (such as coal, seafood, iron ore, and iron). However, such sanctions were only the beginning as the United States has put additional sanctions upon North Korea, to which Kim Jong-un has loudly railed against. This has led to even China’s central banks cutting off ties with North Korea so as to not fall under penalty of the US sanctions. In short, North Korea is looking at any possible way to gain funds, and it appears that trying to steal bitcoin is one such method of getting needed capital.

Is This a Wake-up Call?

Of course, the news of hackers from North Korea looking to score some bitcoin has led to the usual hyperventilating from news agencies. CNBC openly wondered if these attempted thefts were a wake-up call to finally get governments and financial agencies to begin regulating digital currencies. CNBC cited University of Georgia Professor Jeffrey Dorfman, who said:

The ability of regimes like Kim Jong Un’s North Korea to mine or steal cryptocurrencies such as bitcoin is a new reason to be cautious in treating these commodities as currencies. While rogue states have practiced counterfeiting even longer than they have been computer hacking, counterfeiters are easier to catch. Once a cryptocurrency is stolen, it is virtually impossible to stop the new owner from spending it, and doing so in untraceable ways.

Are bitcoin and other digital currencies used for bad things? Of course they are. But you can say the same for gold, silver, hard currency, and so on. It’s not exactly earth-shattering to realize that bad people spend currency on bad things. However, it’s far harder to launder digital currency than the media and world governments would have you believe, as can be seen in the case in mid-July where $60 million of ether was pilfered. It would nice not to deal with all the hand-wringing whenever a bad person is associated with cryptocurrency. As for North Korea and Kim Jong-un, you can bet that they’ll continue to attempt to hack their way into different cryptocurrency exchanges. The US sanctions are not going away any time soon.

What do you think about North Korean hackers targeting bitcoin exchanges? Is this a wake-up call or not? Let us know in the comments below.

Images courtesy of Wikimedia Commons and Flickr.

The post Hackers from North Korea Attempt to Steal Bitcoin appeared first on Bitcoinist.com.

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