Shapeshift

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Shapeshift Founder Erik Voorhees Claims Revolut Shut Down His Account for Interacting With Crypto

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Cryptocurrency entrepreneur Erik Voorhees has publicly criticized Revolut, claiming the fintech company shut down his account due to his interactions with cryptocurrencies. Despite not using Revolut’s crypto service and funding his account via fiat from an exchange, Voorhees experienced a freeze on his account for three weeks, followed by termination. This incident occurred even after … Read more

SEC Charges Shapeshift With Regulatory Violations, Sparking Debate on Crypto Regulation

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The U.S. Securities and Exchange Commission (SEC) has leveled charges against Shapeshift AG, accusing the company of operating without proper registration. This case has ignited a broader conversation on the regulatory framework for crypto assets, with SEC Commissioners Hester Peirce and Mark Uyeda voicing their dissent and concerns about the SEC’s current approach toward crypto … Read more

‘Fiat Is Fragile’ — Silicon Valley Bank’s Collapse Sparks Finger-Pointing and Concerns of Contagion

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Silicon Valley Bank (SVB) has become the center of attention after its collapse prompted the U.S. Federal Deposit Insurance Corporation (FDIC) to shut the bank down on Friday. It was the largest U.S. bank failure since 2008, and various alleged catalysts have been pointed to. Some believe venture capitalists caused a bank run, while others … Read more

FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry

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The founder and CEO of the leading exchange FTX, Sam Bankman-Fried has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on July 22. Furthermore, Bankman-Fried discussed the crypto industry with CNBC in an exclusive interview, and noted that he was willing to deploy “hundreds of millions beyond what … Read more