The blockchain has emerged as a revolutionary technology with the potential to redefine how data is managed, stored, and shared. While initially associated with cryptocurrencies like Bitcoin, the blockchain’s applications extend far beyond finance, impacting industries ranging from healthcare to supply chain management. One of the blockchain’s key promises lies in ensuring data consistency, transparency, and privacy, critical elements in an interconnected and data-driven world.
The explosive growth of cryptocurrencies was nothing short of extraordinary. Even the most doubtful among us couldn’t help but put a few dollars in to see what would happen. The phenomenon gave rise to many cryptocurrency management platforms, and PayPal put its hat in the ring as well. Unlike apps made for the explicit purpose of handling crypto, PayPal was an established platform with roughly 350 million users.
Fireblocks’ second annual user conference, SPARK ‘23, saw nearly 600 attendees representing over 300 companies in the digital asset and crypto space. Kicking off the conference was the welcome reception, which featured a spectacular drone show. The display set the tone for what SPARK is about – innovation and community. The conference empowers customers to maximize the full potential of the Fireblocks platform while forging new alliances with fellow leaders.
On December 14, 2023, the Ledger Connect Kit was compromised, allowing attackers to drain users’ wallets on dozens of decentralized apps. Fireblocks’ customers were not impacted by the attack. Fireblocks dApp Protection, the latest security feature in our DeFi solution, detected and prevented customers from unknowingly interacting with the impacted dApps.
Today, Fireblocks is launching Off Exchange – a new solution that enables trading firms and asset managers to trade on centralized exchanges from an on-chain MPC shared wallet, eliminating exchange counterparty risks.
