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Posts published in “Shapeshift”

Crazy Number of Subpoenas Shows Why Crypto Exchanges are Fleeing the US

By CCN.com: A new report released by major crypto exchange ShapeShift revealed that it had received 18 subpoena requests from U.S. authorities in 2018. Despite being based in Switzerland, the U.S. government filed 30 percent of all requests ShapeShift received last year. Why US Authorities…

ShapeShift sheds light on its 2018 law enforcement requests

Following Kraken’s example, ShapeShift has decided to bring more transparency to the volume and character of legal requests it’s received from various law enforcement agencies, the company wrote wrote in a blog post. Last year, the company received a total of 60 inquiries; one in…

ShapeShift Aided 60 Law Enforcement Inquiries in 2018, Erik Voorhees Reveals

It seems like ShapeShift has done exactly as its name suggests, changing form almost beyond recognition. Founder, CEO, and no fan of the SEC, Erik Voorhees’ exchange once existed without accounts. Now they have full KYC and hand over customer data upon request. ShapeShift Shocked…

US Agencies Top List of Law Enforcement Requests Sent to Crypto Exchanges

As the crypto industry grows, its increased use by both innocent cryptocurrency investors and malicious cyber criminals does as well. This has prompted government agencies and financial market regulators to take a deeper look at crypto transactions in order to track down potential criminal behavior…

Bitcoin Price Analysis: BTC Volumes Shrink 22% From Jan 10

Bitcoin Price in a $300 range mode ShapeShift bombarded with US DoJ subpoenas in Q4 2018 Transaction volumes dip, moving averages slide from 18k to 14k in four days Participation levels are low, and with drying transactional volumes, BTC prices are ranging. However, with a…

Law Enforcement Requests to Shapeshift Rose 175% in Second Half of 2018

Switzerland-based crypto exchange ShapeShift reports seeing a 175 percent increase in law enforcement agency requests in the second half of 2018. 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…

Sideshift App Demonstrates a Trade Between Lightning Network BTC and Tether

Back in October news.Bitcoin.com reported on the influx of development tied to Drivechain, a project initiated by software developer Paul Sztorc. At the time we also covered the project’s extension applications coded by the programmer Andreas Brekken. One of those applications Brekken conceived allowed any…

Atomic Swaps Are Coming to BTCPay This Year, Says Nicolas Dorier [Interview]

Bitcoinist caught up with Nicolas Dorier, a developer of open-source and self-hosted Bitcoin payment processor alternative, BTCPay, who spoke about upcoming features such as atomic swaps, and making BitPay obsolete for businesses that don’t care about handling bitcoin.  ‘Nothing is Unsolvable in the Long Run’…

The Daily: Bitpay Adds Multi-Crypto Settlements, Shapeshift Downsizes

In Wednesday’s edition of The Daily we cover a new feature that will allow Bitpay merchants to automatically diversify their settlements, a downsizing at Shapeshift that will see its team cut by a third, a show of commitment to the crypto industry by the government…

Shapeshift Admits ‘Imposition of KYC’d Accounts’ Hurt Company Financially

The instant digital asset exchange platform ShapeShift has laid off one-third of its team because of the “dramatic and severe” crypto recession as well as being cautious in “a challenging regulatory environment.” Crypto Winter Cold Bites Shapeshift In a detailed announcement, the company’s CEO, Erik…

Cryptocurrency Bear Market Pressures Shapeshift into Layoffs

The ongoing cryptocurrency bear market appears to have claimed yet another victim. The latest digital currency-related firm to announce a restructure is exchange platform Shapeshift. According to a Medium post by the company’s CEO, 37 of Shapeshift’s employees have been laid off. This represents around…