ShapeShift adds support for SegWit

ShapeShift exchange service has publicly confirmed its support of SegWit, while avoiding the reference to the SegWit2x 
06 October 2017   359

The popular platform for instant crypto exchange,, has added support for the Segregated Witness (SegWit) protocol.

As noted in the company's blog, ShapeShift has been a strong supporter of the decision to scale the Bitcoin network, since the concept of SegWit was introduced  in Hong Kong in December 2015.

According to the company, ShapeShift is "currently responsible for 2% to 3% of all Bitcoin transactions on Earth". All ShapeShift deposits are now SegWit compatible, and are subsequently respent as a SegWit transactions to other customers, meaning the platform is now one of the biggest senders and receivers of SegWit transactions.

What this means:

  • Lower mining fees for ShapeShift users buying or selling Bitcoin
  • Less data per transaction (increasing scale capacity of network)

SegWit transaction percantage on
SegWit transaction percantage on

As shown, at the time of writing, the share of SegWit transactions in the Bitcoin network is approaching the 8% mark.

It's also worth mentioning, that the company remained silent on the SegWit2x hardfork.

First real-life cryptocurrency robbery reported in Taiwan

Four men stole 5 million Taiwanese dollar worth of Bitcoin, the police has already arrested the suspects
22 February 2018   55

Bitcoin has attracted lots of unwanted attention from hackers and scammers alike. Recently not a week passes without news of an exchange or user being hacked or some company's computers being hijacked to mine cryptocurrency. And now Taiwanese news outlets report first real-life robbery of Bitcoin in their country.

The robbery took place in Taichung, Taiwan's central city. The police reports three men being involved in the robbery itself and one as a planner. Criminals persuaded the victim to meet with them face-to-face under the guise of being interested in buying Bitcoin from him. After the victim showed the robbers the proof of his bitcoins on his phone, the men attacked him and his friend and transferred 18 bitcoins worth 5 million Taiwanese dollar via the phone wallet.

The suspects then forced the unfortunate seller to drink strong local liquor to make everything look like a drunken fight had taken place. The police arrived at the scene after receiving the reports of a fight and found two victims. Two of the offenders had fled, but the third has been arrested at the scene of the crime. He later provided investigation with information about his accomplices. They were arrested soon after.

The police later apprehended the man believed to be the mastermind behind the plan. All this was released in the yesterday's report by the Taiwanese law enforcement and the case is already viewed as “the first domestic case of bitcoin robbery”. The report doesn't mention if the crypto was returned to the rightful owner.

Similar cases has been rumored to happen in the US, but no records are released as of yet. So the unofficial governmental advice is to be more cautious of the buyers requesting face to face meetings in the light of this event.