Shift to release its decentralized explorer by the end of March

Censorship opposer Shift is releasing first version of the decentralized explorer on March 31 with IPFS implemented as a backbone
24 March 2018   398

The startup Shift is on its way to creating a new decentralized web with a dApp ecosystem serving as a backbone and delegated Proof-of-Stake consensus mechanism. An important step is going to be made on March 31: Shift will release its explorer. The explorer uses sockets so that messages are pushed to the client and the webpage in the browser doesn't need to be refreshed manually. Major problem prior to the release was to distinguish frontend and backend: it prevented the explorer from having the socket client at IPFS and a socket server at the explorer nodes.

Now, the frontend is split from the backend, the explorer is now running on Phantom - the storage layer of the Shift network where users can submit their files for long-term storage. Thus, the data is fetched from dedicated nodes. With this introduction, Shift Explorer is hosted on Shift IPFS cluster and can communicate with a global pool of decentralized nodes. Apart from ordinary users, website operators can serve their entire website from the Shift storage cluster. And the explorer will be the first example of an "in-real-time" dynamic and decentralized website.

At the moment of the publication, the market indicators for Shift are as follows:

Average price: $2.06

Market cap: $24,455,693

Volume (24h): $147,364

Coinbase to Issue New Statement

As reported, company says it was wrong about SEC approval of acquisitions
18 July 2018   9

Vice President of Communications of Coinbase Rachel Horwitz denied the information that the company received approval from the Securities and Exchange Commission of the United States for a deal to buy brokerage companies. This is reported by Bloomberg.

It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process. The SEC’s approval is not required for the change of control application. Coinbase has discussed aspects of its proposed operations, including the acquisition of the Keystone Entity, on an informal basis with several members of SEC staff.

Rachel Horwitz

Vice President of Communications, Coinbase

On Monday, a spokesman for Coinbase said that the company received permission from the SEC and the Agency for Regulation of Financial Institutions (FINRA) to purchase Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.

However, despite the refutation from Rachel Horwitz, Coinbase still intends to obtain a license to carry out brokerage activities.