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....
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....
The network was halted on Oct. 27 after the team said a bug had caused “non-determinism between individual nodes.” Cross-chain exchange and proof-of-bond network THORChain announced it was once again “fully operational” after a more than 20-hour outage.In an Oct. 28 tweet, the THORChain team said the network was “back online and producing blocks” and had re-enabled trading. The network was halted on Oct. 27 after the team said a bug had caused “non-determinism between individual nodes.”“Turns out to be string manipulation: code was pushing a cosmos.Uint (instead of a uint64) into a string,....