Shapeshift Reveals Platform Supports Unwrapped Swaps via Thorchain With No KYC
Just recently, Shapeshift founder and CEO Erik Voorhees published a blog post about a new project called Thorchain, a protocol that allows for decentralized exchanges without wrapping or bridging technology commonly used today. Thorchain launched on April 13, 2021, and the Shapeshift founder recently revealed his company is the first to leverage the multi-chain protocol in order to provide decentralized swaps in a noncustodial fashion. Shapeshift Leverages Thorchain for Multi-Chain Unwrapped Swaps Back in September 2018, the popular trading application Shapeshift changed its business model....
Related News
The non-custodial cryptocurrency exchange first announced plans to integrate decentralized exchanges in January. Now, mobile users can trade BTC with ETH and LTC without an intermediary. ShapeShift, a cryptocurrency exchange based in Switzerland, has announced full integration with THORChain, enabling direct trading of native Bitcoin (BTC) with Ethereum (ETH) and Litecoin (LTC).As of Tuesday, ShapeShift’s mobile users have the ability to make cross-chain swaps without the use of an intermediary, custodian or counterparty of any kind. This capability will be extended to ShapeShift’s....
The team stated that the next steps were to find the source of the non-determinism, release an update, and restart the state machine, but there have been no updates since. Cross-chain exchange and proof-of-bond network THORChain was halted earlier today as the result of a bug causing “non-determinism between individual nodes."At around 8 pm UTC, the THORChain team initially tweeted that developers were aware of a chain outage and were working to find the root cause of the issue. Roughly four hours later, the team posted a further update noting that “consensus halts in a distributed state....
Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNE’s trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform. Related Reading: Despite A Stormy Market, Dogecoin Addresses Skyrocket To Over 6 Million Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform....
RUNE, native token of the cross-chain decentralized exchange THORChain, is currently one of the best-performing cryptocurrencies in the market, boasting of a 31.5 % price increase in the last 24 hours. Based on data from Coingecko, this price gain only underlines the remarkable bullish form of RUNE in the past few weeks, as the token is up by 115.0% and 212.3% on the 14-day and 30-day charts, respectively. Interestingly, this sustained bullish pressure in the RUNE market has resulted in the DeFi coin attaining a new yearly high of $5.31 and a peak daily trading volume of $1.28 billion.....
Apple appears once again to be restricting the use of digital currencies on iOS, with the removal of multi-currency trading app ShapeShift from its mobile App Store. ShapeShift’s Currency Swaps Without Accounts. ShapeShift offers direct swaps between 34 popular cryptocurrencies, without the need for user identification or accounts. While it does trade and transmit those coins, it is not a wallet and does not store users’ private keys. Reddit user ISkiAtAlta posted earlier that ShapeShift had vanished from the iOS App Store in the US. Users in other locations around the world confirmed it....