ShapeShift creates FOX Foundation as intermediary for successful DAO transition
The entity will be dissolved upon the completion of ShapeShift’s decentralization process. On Wednesday, ShapeShift — a Swiss decentralized autonomous organization (DAO) hosting a cryptocurrency trading ecosystem — announced that its centralized corporate brand, ShapeShift AG, has formed the FOX Foundation. The nonprofit organization's stated purpose is to oversee the decentralization of its namesake trading platform and assets.The FOX Foundation’s charter includes handling tasks such as paying bills in fiat currency, hosting servers, maintaining the platform’s centralized infrastructure....
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Changelly, an automated cryptocurrency exchange platform, opened it’s doors on Tuesday to the mass market after six months of a successful beta. Meanwhile, the ShapeShift platform went down on the weekend, having announced it had been compromised and threatened. ShapeShift struggles on. Voorhees assured that “not a cent of customer funds was lost”. Here is a direct link to ShapeShift customer support. “We made the decision to scrap (the damaged) infrastructure, and rebuild in a wholly new and safe environment. This is what we are currently engaged in. While we hate having the service....
This piece has been updated with comment from ShapeShift CEO Erik Voorhees. Digital currency exchange ShapeShift.io has raised $1.6m in new funding. As reported by TechCrunch, the round drew support from Digital Currency Group, bitcoin entrepreneur Roger Ver and Bitfinex, the Hong Kong-based bitcoin exchange. Bitcoin Foundation executive director Bruce Fenton, Transform PR founder and CEO Michael Terpin and Trevor Koverko, founder of education-oriented e-commerce platform eProf, also took part in the round as angel investors. The announcement comes nearly six months after ShapeShift....
CCN received the following press release this morning from ShapeShift.io: SWITZERLAND, April 1, 2015 - ShapeShift.io has integrated Winklecoin (WNK), into its instant exchange platform. Customers anywhere in the world can now buy or sell WNK instantly with Bitcoin or over two dozen other leading cryptocurrencies with ShapeShift.io. Winklecoin, masterminded by Olympic rowers and internet entrepreneurs Cameron and Tyler Winklevoss, is now available for exchange in increments of two.
ShapeShift.io, is an instant online cryptocurrency exchange that provides instant currency exchange between many cryptocurrencies without having to open an account. This Thursday, ShapeShift.io announced it was integrating Counterparty (XCP), along with Moner (XMR) into its platform. Customers anywhere in the world will now be able to buy or sell XCP or XMR instantly with Bitcoin or over two dozen of other cryptocurrencies with the ShapeShift.io exchange platform. ShapeShift.io, was launched in August 2014, and in less than a year it has become a market leader. Shapeshift.io is now the....
ShapeShift has recently announced that Michael Perklin has joined the team as Chief Information Security Officer. Cointelegraph has caught up Michael Perklin and Erik Voorhees, CEO and Founder of ShapeShift, on their way from Satoshi Roundtable and asked to elaborate on some key security concerns that come with Blockchain technology. Coming back stronger. Unfortunately, hacks are still inevitable, and ShapeShift suffered a breach in April 2016. A significant sum from the company’s hot wallet was stolen but not a cent of customer funds was lost, stated Erik Voorhees, the company’s CEO the....