Interview with Peer2Cash: The ‘ShapeShift’ of Buying Bitcoin
Bitcoinist spoke with Peer2Cash, a new online cryptocurrency buying service based in Switzerland that mimics the way online exchange Shapeshift.io operates–except for buying and selling bitcoin–tapping nearly 50 exchanges. Interview with Peer2Cash. Peer2.cash has recently rebranded from Instacash. The team head, who preferred not to use his name for “security reasons,” explains how they tap different P2P exchanges to offer the best Bitcoin price available, what’s the best method to preserve privacy, and how the service is able to not store any customer funds or info. Bitcoinist: Why was....
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After a month of battling several attacks on Shapeshift’s trading platform, the company announced a full shutdown of their website to be reconstructed with improved security due to missing funds which tallied up to $230,000. The platform should be back on April 20. With the first attack on March 14, 315 BTC was stolen which resulted in ShapeShift’s decision of taking the site offline and relaunching. Two more attacks also managed to breach ShapeShift’s security and a further $124,000 was stolen. Throughout the course of several weeks, Shapeshift experienced a total of 3 attacks which....
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 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 infrastructure and build a new and safe environment. “By design, ShapeShift doesn’t hold customer balances, so even in the case of a security breach, there is no customer money at risk,” Voorhees noted in a Reddit post. “However, a portion....
Recently, popular cryptocurrency exchange ShapeShift was hacked twice. The first time, an employee was behind the theft. Then, the employee, “Bob,” sold information to a second hacker, who stole from ShapeShift again. After publishing a play-by-play article on Bitcoin.com, CEO Erik Voorhees sat down with us to talk about what his company is doing in the....
In August, the CEO predicted that Bitcoin would trade “$100,000 plus a coin” late this year or early next year. As Bitcoin (BTC) continues to trade sideways around $48,000, Kraken CEO Jesse Powell is not counting out a potential crash on cryptocurrency markets in the short term.A crypto winter is now “possible,” Powell said in a Dec. 14 interview with Bloomberg Technology, noting that Bitcoin and the crypto ecosystem have historically evolved around cycles based “sort of around the Bitcoin halving.”But despite a potentially looming crypto winter, Powell is confident that the market will....