Bitcoin.com Monthly Recap for February 2024
The top announcements and news from Bitcoin.com for the month of February 2024.
Bitcoin.com embarks on a new leadership era, appointing Corbin Fraser as the Interim CEO, succeeding Dennis Jarvis. This change heralds a fresh chapter in the company's mission to democratize cryptocurrency access. With a rich nine-year tenure in the crypto space and a commitment to making digital currencies fast, easy, and accessible, Fraser's comprehensive experience and innovative vision are set to propel Bitcoin.com forward. Under his leadership, Bitcoin.com aims to refine its product offerings, focusing on user-friendly and versatile financial solutions. Read the full story to discover how Corbin Fraser plans to navigate Bitcoin.com into its promising future.
??? February News Summary
In February 2024, the cryptocurrency landscape was dominated by Bitcoin's impressive surge past the $60,000 mark, a feat not seen since November 2021. This milestone propelled Bitcoin's market value to the brink of surpassing Meta, positioning it as a contender for the ninth most valuable asset in the world by market capitalization. The anticipation of Bitcoin's fourth halving event, coupled with significant trading volumes and liquidation of short positions, underscores the growing investor confidence in digital assets. This bullish momentum suggests a new era of digital asset valuation.
The broader crypto market and related geopolitical events also captured headlines, with notable occurrences such as the plunge of the Nigerian currency, a Canadian court ruling on crypto donations, and predictions of the U.S. dollar's decline as the world's reserve currency. These developments highlight the volatile and interconnected nature of the global economic landscape, where cryptocurrencies play an increasingly significant role.
Get more of the news that matters at Bitcoin.com News.
?? ?? Educational Article of the Month: The Bitcoin Halving
The next Bitcoin Halving is less than 2 months away. The Halving is a pivotal event every four years where mining rewards are slashed in half, fueling Bitcoin's scarcity and value. This ingenious design, mirroring the rarity of precious metals, ensures Bitcoin's allure and longevity. Each halving not only tightens Bitcoin's supply but also sparks significant market reactions, historically leading to price surges. It's a blend of technological marvel and economic strategy, promoting a deflationary currency in a digital age. Dive into the fascinating dynamics of Bitcoin Halving, its profound impact on the crypto landscape, and why it's a game-changer for Bitcoin's future. Ready to explore the phenomenon that secures Bitcoin as a prized asset? Discover the full story here.
????Bitcoin.com Wallet App Upgrades
The multichain Bitcoin.com Wallet app is your gateway to Bitcoin and beyond. Here are the improvements made to the app in the month of February:
??????NFT Spam Filtering
We are enhancing security and convenience with the introduction of NFT Spam filtering in the Bitcoin.com Wallet app, a feature developed in collaboration with Alchemy. This innovative tool aims to protect you from NFT scams by automatically hiding spam NFTs, which are often associated with fake projects or unauthorized sales that can lead to financial losses. By analyzing project metadata, transaction patterns, and historical data, the filter efficiently distinguishes between legitimate and spam NFTs, ensuring a safer and cleaner wallet experience for users. This development comes as we gear up to launch the Verse Voyagers NFT, underscoring our commitment to user safety and scam prevention in the NFT space.
????Improved Paper Wallet Scanning
We’ve upgraded the Paper Wallet Scanning feature – making it simpler and more efficient than ever to bring your paper wallet-based Bitcoin (BTC) and Bitcoin Cash (BCH) holdings into the app. Whether you're safeguarding your assets for the long haul or ready to spend them, our system is designed to support your journey.
?????Verse Explorer Multichain Connection Support
We've upgraded Verse Explorer, our decentralized application (dApp) browser, to support connections across multiple blockchains, enhancing its accessibility and interoperability. With this new feature, you can now seamlessly swap crypto assets from one blockchain to another, expanding your possibilities and simplifying your trading experience.
??????Verse Explorer Enhanced Security Alerts
Your security is our top priority. That's why we've introduced automatic notifications within Verse Explorer for when you're about to connect to suspicious or malicious dApps. This proactive measure is designed to ensure your safety and peace of mind while browsing and interacting with the decentralized web.
We're committed to providing you with the tools you need for optimal economic freedom and security. These update represents a significant step forward in our mission to create a safer, more accessible decentralized finance ecosystem.
????VERSE Updates
VERSE is the reward and utility token within the Bitcoin.com ecosystem. Verse is designed to help new people get comfortable using crypto tools that let them control their own money, instead of relying on big companies. It's all about making it easier and more rewarding for users to handle their crypto safely and on their own terms. Here are the Verse updates for February:
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??????? Verse Community Decides: Introducing “Verse Voyagers†NFT
The community voting period to name our upcoming NFT collection has officially concluded, and the results are in! After an engaging and participatory process, the Verse community has made a clear choice. We're excited to announce that the name for our new NFT collection will be "Verse Voyagers."
Includes entry to win one of 10 free Verse Voyager NFT mints!
Here’s a sneak preview of the Verse Voyagers NFT collection:
??Verse Burn Summary
Since our last VERSE Burn Summary, over 6.94 billion VERSE have been burned, equivalent to more than $2.68 million. The total number of VERSE burned now exceeds 13.5 billion, which is 75.1% of the current circulating supply and 6.9% of the total supply of Bitcoin.com’s ecosystem token.
?? $10,000 Verse Staking Contest Wrap-up
The winners of the $10,000 VERSE Staking Contest are in! Congratulations to the grand prize winner, who took home $7,000 in Bitcoin.com’s ecosystem token VERSE!
Missed the live draw? Watch it here:
For more details and a full list of winners, check out our blog.
Ready to earn rewards? Stake your VERSE now ?? here ??
???Verse Clicker Lunar New Year Contest Deep Dive
We're thrilled to share the phenomenal success of our recent Verse Clicker Lunar New Year Contest, which ran from 6th to 20th February 2024. The contest served its purpose of engaging and educating the community, increasing VERSE token holders, and generating revenue that can be earmarked for Verse Burns.
Here’s an overview of the key numbers:
For more details on the campaign, please see this article.
P.S. You can continue to play Verse Scratcher Space Edition, where tickets are 3,000 VERSE (~$1) and the top prize is 1,000,000 ($366).
?? Scratch & Win ??