With each passing day lately, the bitcoin price is setting a fresh yearly high. On Tuesday evening, the BTC price cleared $11,700 like a breeze on a cool summer day. The bulls are clearly in control as the broader crypto market attains a combined marke…
By CCN: With the bitcoin price trading above $8,000 once again, the mainstream financial media has once again taken an interest in cryptocurrencies. ShapeShift CEO and Founder Erik Voorhees was featured in an interview with Bloomberg where he confronte…
By CCN: Stablecoins on the surface might seem boring. After all, most don’t come with the volatility that’s inherent with most cryptocurrencies, especially bitcoin, and therefore have an entirely different risk/return profile. Stablecoin Te…
By CCN.com: Erik Voorhees, the founder and CEO of ShapeShift, a leading crypto conversion platform, has said crypto is maturing and that despite the price trend of bitcoin and other major crypto assets, the industry has seen growth in key areas in rece…
Blockchain investigation and cybersecurity firm CipherBlade has done its own research, the results of which seem to exonerate crypto exchange ShapeShift from a scathing report in The Wall Street Journal. Shapeshift CEO Erik Voorhees was the first to to…
This week, a major crypto exchange ShapeShift was forced to lay off 30 percent of the company’s workforce, letting go 37 employees. In a letter to the company and to the users on the platform, ShapeShift founder and CEO Erik Voorhees said that the cryp…
ShapeShift exchange has become the latest in a string of cryptocurrency and blockchain companies to announce major layoffs due to the ongoing cryptocurrency bear market. In a Medium post entitled “Overcoming ShapeShift’s Crypto Winter and t…
According to a press release and the Foundation for Interwallet Operability website, Mycelium is the latest addition to the the foundation’s membership. Other members are currently: ShapeShift, Coinomi, KeepKey, BRD, and Edge. The majority of these are…
SALT Lending, a cryptocurrency loan provider who raised tens of millions of dollars during through an initial coin offering (ICO) with support from crypto pioneer Erik Voorhees, has become the latest blockchain firm to attract the attention of US secur…
ShapeShift CEO Erik Voorhees has said that the growing debt of the US, which hovers at around $21.7 trillion as of November, will inevitably cause a big spike in crypto. “When the next global financial crisis occurs, and the world realizes organi…
Over 46 cryptocurrency exchanges around the globe assisted criminals in laundering more than $88 million over the past two years, a Wall Street Journal report alleges. Money Laundering Pervasive in Crypto Trading Industry: Report The Journal’s in…
According to Erik Voorhees, the CEO of popular cryptocurrency trading platform ShapeShift, the bear market of Bitcoin is crucial for building market foundation and infrastructure. He explained: “Bear markets are for builders. The calm, the quiet, the d…
In seconds, the Bitcoin price has surged from $6,190 to $6,450, by more than 4 percent, after the dominant cryptocurrency remained in the low $6,100 region for more than 24 hours. The sudden increase in the price of Bitcoin on September 9 was not expec…
Today, Fundstrat’s Tom Lee has reaffirmed his $30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC p…
Swiss-based trading platform ShapeShift AG has announced the acquisition of Bitfract, a software firm that allows users to swap bitcoin into dozens of digital assets in one transaction. According to the company’s post, the Bitfract tool is poised as a …
MGT Capital Investments, a New York-based firm, is renaming itself to “John McAfee Global Technologies, Inc.,” in honor of its incoming CEO and Chairman, the recent Libertarian presidential contender and consumer computer security pioneer, John McAfee. At the same time, the investment company is bringing on at least two of the most recognized names in […]
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The ShapeShift.io bitcoin exchange expects to be back online soon after rebuilding its infrastructure on account of hot wallet thefts, according to a Reddit post by Erik Voorhees, company CEO. Shapeshift’s website currently states it is upgrading its infrastructure and will be down for a few days. A Reddit post noted that the company decided to scrap its […]
The post Bitcoin Exchange ShapeShift Hacks See $230,000 Lost in a Month appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
In yet another attack on an online cryptocurrency exchange, Shapeshift.io went down for a couple days while they dealt with some malicious intrusion into their server, assessing the damage and keeping their customer base aware of the status the entire time. Within a day of knowing that something wasn’t right with their servers, Shift.io immediately […]
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The rapid growth of cryptocurrencies in recent years has resulted in a number of law enforcement actions by several U.S. government agencies. These actions demonstrate U.S. regulators’ interest in investigating fraud and other activities, according to Latham & Watkins, a Los Angeles-based, U.S. law firm. To give the cryptocurrency industry an overview of what agencies are taking action and provide insight into how to meet the various regulations, the law firm has released a report, “Enforcement Trends in Cryptocurrency.” “No doubt, in the coming years, cyptocurrencies will face increasing scrutiny, and thus it behooves both businesses and legal practitioners to monitor […]
The post U.S. Law Enforcement Actions Against Cryptocurrency Businesses: A Review And Suggested Guidance appeared first on CCN: Financial Bitcoin & Cryptocurrency News.
BlockCypher provides Bitcoin wallet services to larger organizations such as exchanges and payment providers. During the recent fracas of “dust” transactions crowding the Bitcoin network, one of their larger clients, Erik Voorhees’ ShapeShift.io, suffered a double-spend attack amounting to 2.6 BTC. The biggest offering of BlockCypher is what they call a “Confidence Factor” which basically means what it sounds like – if the processor is reasonably sure (as in more than 99%) that a double-spend will not be attempted, the transaction is processed with zero confirmations. BlockCypher describes their method like so: In simpler terms, if an unconfirmed transaction returns […]
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