Switzerland-based crypto exchange ShapeShift has launched zero-fee trading and its loyalty token FOX. ShapeShift founder and CEO Erik Voorhees announced the news on Twitter Nov. 20, noting that zero-commission trading on the platform is enabled by the newly released FOX token. According to the executive, zero-fee trading solves two major problems of non-custodial exchanges — illiquidity and high price of services. In order to trade at a zero-fee rate, ShapeShift customers will have to hold the Ethereum-based ERC-20 FOX tokens, Voorhees explained, stating: “The model is simple: hold FOX & you trade at a 0% commission rate. If not, you …

There are mixed indicators regarding the current progress or stalling of blockchain adoption throughout the enterprise world. Research has indicated that investments have dropped by over half over the last year, contrary to other research showing a growing sentiment toward the vitality of blockchain adoption as an innovative technology. For example, Research by CB Insights in 2019 indicates that there may be a separation between corporate adoption and corporate investments into blockchain companies. As reported previously by Cointelegraph, blockchain investments have dropped by up to 60% since 2018. However, this decline does not seem to have affected the positive outlook …

Switzerland-based crypto exchange ShapeShift has launched its new non-custodial crypto platform operating across multiple blockchains, the firm announced in a press release shared with Cointelegraph on July 8. The new ShapeShift platform offers an integrated suite for digital asset management, enabling an end-to-end tool for secure storing, buying, selling, trading, and tracking cryptos, the company stated. The platform supports 50 cryptocurrencies including bitcoin (BTC), ether (ETH) and litecoin (LTC), ShapeShift noted, adding that it is targeting common international traders instead of institutional investors. As such, ShapeShift platform’s users can now integrate with the platform using their hardware wallets such as …

The CEO of instant cryptocurrency exchange platform ShapeShift told Bloomberg TV on May 15 that bubbles are an essential part of the industry’s growth. Speaking in an interview, Erik Voorhees argued that the volatility seen in bitcoin (BTC) and altcoin markets over the years is a necessary phenomenon for a nascent asset. “There have to be bubbles in crypto because crypto is taking over the world, and it’s not just going to advance 5% per month without end,” he told the network. He then added: “If it did that, people would start buying it up and frontrunning it and turning …

After crypto exchange Binance’s decision to delist Bitcoin SV (BSV), anonymous exchange ShapeShift has also decided to drop the cryptocurrency, with Kraken considering to follow suit. In a tweet posted on April 15, ShapeShift CEO Erik Voorhees revealed that the company came to a decision to stop listing BSV: “We stand with @binance and CZ's sentiments. We’ve decided to delist Bitcoin SV #BSV from @ShapeShift_io within 48 hrs.” The announcement drew a negative response from some community members, with one commentator saying that “this action by you smacks of PayPal cutting off Wikileaks. As a BTC maximalist I don’t like …

Switzerland-based crypto exchange ShapeShift announced the launch of a six-episode show, dubbed “Down the Rabbit Hole,” which is dedicated to crypto enthusiasts. The exchange posted a trailer for the film on its Twitter page on Feb. 26. Company’s official Twitter account, @ShapeShift_io, has posted six previews with a brief summary of each episode. The first one, “The Technologist,” is dedicated to Zooko Wilcox, CEO of Zcash. The entrepreneur talks about his path in crypto, the privacy issues and the advantages of cryptography. “The Humanitarian” interviews Nyla Rodgers, CEO & Founder at Mama Hope and Satoshi is Female. Rodgers shares her …

Recently the New York Department of Financial Services (NYDFS) granted statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of strict disclosure and consumer-protection requirements on any business that offers cryptocurrency-related services to New York residents. Since the framework was introduced in 2015, only a handful of companies had their applications approved by the NYDFS: The elite club of BitLicense holders now counts just 16 entities, the two newcomers included. The state has also demonstrated that it keeps close tabs on those …

Law enforcement requests sent to Switzerland-based cryptocurrency exchange ShapeShift rose 175 percent in the second half of 2018, according to a new Compliance Transparency report published by the exchange Jan. 18. In a blog post accompanying the report, Shapeshift outlines that it typically receives requests from law enforcement agencies for data including crypto addresses (in or out of the Shapeshift system), transaction IDs, identity information (names, emails, IP addresses), cryptocurrency or crypto asset information and more. ShapeShift emphasizes that in most cases it is not informed of the details of the investigation or probe for which the data is being …

Switzerland-based cryptocurrency exchange ShapeShift has laid off a third of its team, the exchange’s CEO Erik Voorhees announced in a tweet today, Jan. 8. According to a company blog post accompanying the Twitter announcement — entitled “Overcoming ShapeShift’s Crypto Winter and the Path Ahead” — ShapeShift has laid off 37 of its employees, reducing the size of its team by a third. In the post, Voorhees attributes the staff cuts to the “latest bear market cycle,” noting that the company’s “greatest and worst financial decision [was] to embrace substantial exposure to crypto assets.” The CEO also revealed in the post …

Cryptocurrency exchange ShapeShift has refuted a recent Wall Street Journal report that $9 million in ill-gotten funds went through the exchange, according to an announcement published October 1. On September 28, WSJ released an article dubbed “How Dirty Money Disappears Into the Black Hole of Cryptocurrency,” alleging that $88.6 million in fraudulently obtained funds had been funnelled through 46 crypto exchanges, wherein $9 million was laundered through ShapeShift. To analyze ShapeShift transactions, WSJ reportedly downloaded and stored a list of the 50 latest transactions every 15 seconds, at the exchange’s website. In the blog post, ShapeShift’s founder and CEO Erik …

The number of digital asset exchanges has exceeded 200. Many offer different functions, exchange fees and niches that give them a competitive edge. With so many choices, it’s hard for a novice cryptocurrency trader to pick an exchange, and it can also be tricky for more experienced traders to decide where they’ll move to next. CoinSwitch.co is a cryptocurrency exchange aggregator site backed by venture capital firm Sequoia Capital. CoinSwitch provides vital information for new and experienced users, and acts as a gateway to many reputable cryptocurrency exchanges for traders. Also, with CoinSwitch, users can launch a customized cryptocurrency exchange …

Over the past two days, the valuation of the cryptocurrency market has plunged to $201 billion as Bitcoin lost 13 percent, moving closer to its yearly low at $192 billion. Since Sept. 6 when the price of Bitcoin dropped by more than 10 percent within a one-hour period, the cryptocurrency market has been on a continuous decline. Tokens bled out more intensely than they previously did in April and June, losing out 10 to 30 percent against Bitcoin. Source: coin360.io Cointelegraph interviewed ThinkMarkets chief market analyst and former Bank of America trader Naeem Aslam, eToro senior market analyst Mati Greenspan, …