ShapeShift to 'Optimize' 1/3 of Staff

Old cryptocurrency company is 'overcoming crypto winter' by laying off people in the beginning of the year
10 January 2019   141

ShapeShift, a platform for instant exchange of cryptocurrency, reported on a significant reduction in staff, citing as the reasons the general deterioration of the market situation.

As the head of the company, Eric Vorhees, said, he had to say goodbye to 37 employees with a “heavy heart,” which is about a third of the company's total staff.

According to him, cryptobusiness is a cruel thing. So, in 2017, the market capitalization of ShapeShift increased by 3000% due to the rise of the market, but everything changed very much in 2018.

Eric noted that in addition to the legal uncertainty faced by the industry, ShapeShift does not cope with all the initiatives taken. In particular, he mentioned the CoinCap tracking service and the KeepKey hardware wallet.

It is curious that the head of ShapeShift also admitted that last year’s decision to verify customers had led to a significant reduction in the user base.

Wishing good luck to all the foxes who left the company (ShapeShift symbol), Eric Vorhees expressed the hope that the company would find strength and discipline that would help it overcome all obstacles and come to a victory for the world without borders and an apolitical financial system.

OKEx Exchange to Launch GBP and THB OTC Markets

Thai and UK users should to pass the KYC procedure to start using Over-The-Counter platform
24 January 2019   28

OKEx announced support for the British pound and Thai baht on its over-the-counter platform.

The press release notes that users from Thailand and the UK can go through KYC verification procedures and start using the OTC platform.

Orders can be placed on the over-the-counter platform OKEx by independently choosing the exchange rate and payment options. Currently, this OTC-platform contains Bitcoin, Ether, Litecoin and Tether cryptocurrencies.

In addition to the pound and baht, the platform supports the Vietnamese dong and the Chinese yuan. This year, OKEx promises to expand the list of supported fiat currencies and serviced regions.

Earlier, OKEx launched termless Bitcoin swaps, and then similar tools for Ethereum, Bitcoin Cash, Ethereum Classic and Litecoin.