ShapeShift Raises Another $1.6 Million in Third Round
- ShapeShift, a bitcoin and altcoin brokerage service, has raised another $1.6 million in funding.
ShapeShift, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and altcoin brokerage service, has raised another $1.6 million in funding. Combined with two previous rounds, most recently a $1.8 million crowdfunding, it has raised a total of roughly $4.2 million to date. The round includes convertible note contributions previously announced.
ShapeShift allows users to buy and sell over 40 Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, supporting 940 different pairings. It prides itself in not dealing with fiat currency, both for trading, and for operating expenses- a strategy in line with CEO Erik Voorhees' philosophy to decentralize money from government as much as possible. It also does not act as custodian over client funds.
It reports significant growth since launching one year ago, facilitating the equivalent of $2 million worth of exchange in July.
The round was led by Barry Silbert’s Digital Currency Group and Roger Ver, with participation by bitcoin exchange Bitfinex, Bitcoin Capital, Mardal Investments, and angel investors including Bruce Fenton, Trevor Koverko and Michael Terpin.
Noteworthy is the participation of another crypto exchange, Bitfinex, in the round. Bitfinex does deal with fiat, and does store client funds. Zane Tackett, Director of Community and Product Development at Bitfinex, commented, "ShapeShift demonstrated an entirely new way to think about asset exchange. It's like Google Translate for digital currencies. We've known Erik for a while now and he's knocked it out of the park with this one. We're very excited about the partnership."
ShapeShift, a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and altcoin brokerage service, has raised another $1.6 million in funding. Combined with two previous rounds, most recently a $1.8 million crowdfunding, it has raised a total of roughly $4.2 million to date. The round includes convertible note contributions previously announced.
ShapeShift allows users to buy and sell over 40 Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, supporting 940 different pairings. It prides itself in not dealing with fiat currency, both for trading, and for operating expenses- a strategy in line with CEO Erik Voorhees' philosophy to decentralize money from government as much as possible. It also does not act as custodian over client funds.
It reports significant growth since launching one year ago, facilitating the equivalent of $2 million worth of exchange in July.
The round was led by Barry Silbert’s Digital Currency Group and Roger Ver, with participation by bitcoin exchange Bitfinex, Bitcoin Capital, Mardal Investments, and angel investors including Bruce Fenton, Trevor Koverko and Michael Terpin.
Noteworthy is the participation of another crypto exchange, Bitfinex, in the round. Bitfinex does deal with fiat, and does store client funds. Zane Tackett, Director of Community and Product Development at Bitfinex, commented, "ShapeShift demonstrated an entirely new way to think about asset exchange. It's like Google Translate for digital currencies. We've known Erik for a while now and he's knocked it out of the park with this one. We're very excited about the partnership."