Blockchain Wallet to Allow Converting Assets to PAX

"It’s adding a true dollar balance into the wallet", -  head of wallet department and strategy at Blockchain believes (it's stated PAX is backed 1:1 with USD)
31 May 2019   675

Since Monday, the largest provider of cryptocurrency wallets, Blockchain, will allow users to swap between digital assets and Paxos Standard (PAX) stablecoin directly in a mobile application. Also, Blockchain is considering the possibility of adding fiat assets, CoinDesk reports.

Doing the stablecoin project here with PAX is a really big deal because it’s not just that we are adding a new asset, it’s adding a true dollar balance into the wallet. Anyone with an internet connection can download a wallet and get USD funds, essentially. … People everywhere can now have access to all sorts of assets the same way they can access all sorts of information.

Xen Baynham-Herd

Head of wallet department and strategy, Blockchain

According to Peter Smith, the CEO and founder of Blockchain, his wallet is responsible for 22% of all online transactions in the Bitcoin network.

It is noteworthy that after the US, Blockchain has the most users from Russia, Brazil and Argentina.

Additionally, the company is actively expanding its staff. Over the past year, she hired about 90 people and continues to look for specialists.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   63

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."