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SHFT

Shyft Network  

#SHFT

SHFT Price:
$0.00823
Volume:
$87.0 K
All Time High:
$6.43
Market Cap:


Circulating Supply:
Exchanges:
8
Total Supply:
94,668,090
Markets:
10
Max Supply:
Pairs:
9



  SHFT PRICE


The price of #SHFT today is $0.00823 USD.

The lowest SHFT price for this period was $0, the highest was $0.00823, and the exact current price of one SHFT crypto coin is $0.00822871.

The all-time high SHFT coin price was $6.43.

Use our custom price calculator to see the hypothetical price of SHFT with market cap of SOL or other crypto coins.


  SHFT OVERVIEW


The code for Shyft Network crypto currency is #SHFT.

Shyft Network is 1.9 years old.


  SHFT MARKET CAP


The current market capitalization for Shyft Network is not available at this time.

Shyft Network is ranking downwards to #6325 out of all coins, by market cap (and other factors).


  SHFT VOLUME


The trading volume is modest during the past 24 hours for #SHFT.

Today's 24-hour trading volume across all exchanges for Shyft Network is $86,963.


  SHFT SUPPLY


The total supply of SHFT is 94,668,090 coins.


  SHFT BLOCKCHAIN


SHFT is a token on the Ethereum blockchain.


  SHFT EXCHANGES


SHFT is available on several crypto currency exchanges.

View #SHFT trading pairs and crypto exchanges that currently support #SHFT purchase.


  SHFT RESOURCES


Websitewww.shyft.network
Whitepaperassets.website-files.com/619d6b083650f27552fb105a/...
Twittershyftnetwork
Telegramshyftnetwork
Mediumshyftnetwork


  SHFT DEVELOPER NEWS



Veriscope Regulatory Recap — 30th January to 5th February

Veriscope Regulatory Recap — 30th January to 5th February - Welcome to another in-depth edition of Veriscope Regulatory Recap! This week, the focus is on Britain’s crypto regulation draft, the Philippines SEC’s efforts to get more regulatory powers over the local crypto industry, Australia’s plans for crypto regulations, and Hong Kong Pondering over the pros and cons of new crypto regulations and stablecoin rule amendment. Let’s dive straight into it. — Britain’s Crypto Regulation Draft is Open for Public Comments - Britain’s Finance Ministry, HM Treasury, has come up with the first set of crypto-asset regulatory rules amid reports that most crypto license applicants have failed to meet the country’s stringent AML standards.(Image Source)Any previously unregulated activities will come into the regulatory parameter, including centralized crypto asset exchanges, custody, and lending activities, according to Financial Services Minister of Britain Andrew Griffith. Proposed rules, already put out to public consultation, will also look into customer onboarding, public offers, transactions and remittances, platform operations, custody and mining transactions, and blockchain node operations. The jurisdiction of these rules will cover crypto firms in Britain or those providing services to Britain. They will also come with definitive licensing and minimum capital and liquidity requirements. — Philippin...




A Sneak Peek Into Japan’s CBDC Program

Japan will begin the CBDC pilot program this year., The Bank of Japan will collaborate with a few regional financial institutions to conduct the pilot program., If it’s Digital Yen pilot program meets its expectations, the country will launch it for wide-scale public usage in 2026., Japan announced its plans to begin the CBDC pilot program in November 2022, which will launch sometime in 2023 and run for two years from the date of launch. During this period, the Bank of Japan (BOJ), with other banks and regional financial institutions, will conduct the pilot.(Image Source) It will test deposits and withdrawals from accounts and the feasibility of the currency in an emergency when there is no access to the internet. Whether the country adopts the CBDC, digital Yen, in 2026 will depend on the results of this trial. This program that BOJ has currently taken up is an end-stage trial. The first or initial stage trials were held last year to test the primary functions, including issuance and circulation. It was an internal trial, while the current one examines the currency’s real-world usage feasibility. — Features Japan Wants to Have in Its CBDC - Japan wants its CBDC to offer universal access and not avoid any individual, device, or card. It also wants its CBDC to have counterfeit deterrence technology and prevention mechanisms to stop it from being used in illicit activities. The CBDC should be available 24/7/365 ...




Shyft DAO Ambassador Program Proposal is Now Live

Shyft DAO is taking one of its first major steps — proposing an Ambassador Program aiming to create a vibrant community. We invite you to comment, cast your vote and be part of this special moment! 🎉🎊 The DAO proposal for required funds to launch the Shyft Ambassador Program is open for comment until 17:00 UTC on 4/2/2023. It will be followed by a Snapshot vote, beginning at 17:00 UTC on 5/2/2023. The ask is for 300,000 SHFT tokens and $31,400. The goal of the Shyft Ambassador program is to decentralize the protocol further, expand our reach and allow community members to contribute to Shyft’s future. Shyft Ambassadors will promote the DAO and its initiatives, organize local events, mentor new joiners, create educational content, moderate Discord and Telegram channels, and more. We encourage you to leave your feedback and vote on the proposal. Your vote will determine the future of the Shyft Ambassador Program and help guide our community’s growth. We look forward to your active participation in this initiative 🙌🏼 Shyft DAO Ambassador Program Proposal is Now Live was originally published in Shyft Network on Medium, where people are continuing the conversation by highlighting and responding to this story.




Shyft Dev Deep Dive Monthly — Jan. 2023

Shyft Dev Deep Dive Monthly — Jan. 2023 - Welcome to Shyft Dev Deep Dive, our monthly developer update, where we share the new Shyft-wide features and technical changes. Shyft Veriscope finished 2022 on a strong note with the introduction of Address Proofs that enable VASPs (read: crypto businesses) to prove ownership or control of an address before personal identification information (PII) is shared between VASPs. Address Proofs sets Shyft apart from its peers as Shyft Veriscope now solves for both address attribution (i.e., who owns a hosted wallet address without having to ask end-users) and secure, peer-to-peer data transmission between VASPs. In the last month, several additional enhancements have been added to Veriscope. These are detailed below. As always, if you have questions or would like a demo, please reach out to us at veriscope@shyft.network. We look forward to hearing from you! — Veriscope Releases (Jan-2023) - — Node Synchronization Upgrade - Veriscope Relay Node has now been upgraded to Nethermind v1.15.0, which has made data synchronization with the Shyft Blockchain must faster. Event transactions, too, take considerably less time to complete, as the time it takes to load and save them to Veriscope has decreased significantly. Events refer to the events emitted from transactions on the Shyft blockchain. Earlier, the above-mentioned processes used to take 12+ hours to complete, but the N...




Veriscope Regulatory Recap — 22nd January to 28th January

Veriscope Regulatory Recap — 22nd January to 28th January - Back with another Veriscope Regulatory Recap! This week in focus — the note from the Biden administration officials urging Congress to intensify crypto regulatory efforts, Indonesia signing a new financial law to regulate crypto beyond trading, and a US Democrat introducing a bill for legalizing crypto payments in New York state. Let’s dive straight into it. — US Official Note Urges Congress to Step up Crypto Regulations - The Biden Administration presented in its official blog, from January 27th, 2023, a roadmap for addressing potential crypto risks. It aimed to ramp up enforcement and asked the U.S. Congress to step up its regulatory efforts.(Image Source) The post cited some significant failures in the crypto industry in recent times, including the implosion of Terra protocol’s algorithmic stablecoin and the collapse of FTX, the third-largest crypto exchange in the world. The lack of applicable regulations, the prevalence of misleading statements, inadequate disclosures, and weak cybersecurity measures are among some of the risk factors that the blog has identified. The administration asked not to allow mainstream financial institutions like pension funds to enter crypto markets. — Indonesia Wants to Treat Crypto as a Security - With Indonesian President Joko Widodo signing a new law on January 12th, crypto regulatory powers will no...




Norway leading the way towards CBDC

Norway joined Israel and Sweden in September 2022 to test the feasibility of CBDCs as a way to facilitate cross-border payments, The Norwegian Central Bank has made the open-source code for its Ethereum-backed digital currency Sandbox available on GitHub., The second part of the code is yet to come out, while the test network is leveraging Hyperledger Besu now instead of Ethereum., The prevalence of digital assets and the intensity of the crypto-economy in Norway is at a moderate stage compared to some of its neighboring countries. While Swedish and Danish crypto startups have raised 40 million and 32.5 million Euros, respectively, so far from Initial Coin Offerings, Norwegian crypto companies have raised 27 million Euros. If we compare Norway’s volume of ICO funds with Lithuania and Estonia, it lags by an even wider margin. For instance, in Lithuania, blockchain startups have raised nearly 1.1 billion Euros, and the figure has touched 285 million in Latvia. In terms of the number of blockchain solution providers, Norway has 22, while Denmark has 24, Finland 18, and Latvia 15. The numbers show that while the volume of funds raised in Norway might be less, there is no lack of blockchain solution providers in the country. It is in such context that Norway has taken up a CBDC project in collaboration with countries like Israel and Sweden. — Project Icebreaker: A Joint Exploration on CBDCs - In late 2022, the Bank o...




Shyft Network — Token Distribution and Economics Update

Shyft Network — Token Distribution and Economics Update - More than a year has passed since the launch of SHFT, a time of excitement, challenges, achievements, and hard work. Our community and partners have been highly supportive of our mission to power trust on the blockchain through data discoverability and compliance while preserving privacy and sovereignty. The economics behind our Shyft Network token SHFT reflects this mission and our vision for the ecosystem's future. — The Hard Facts (Jan 26, 2023 ) - Initial SHFT supply: 2,500,000, Currently at block 8,884,061, Current SHFT circulation: 595473894.1127162 (Tokens that have been unlocked and claimed.), Current SHFT unlocked: 951,904,687 on Jan 26, 2023 (As, for example, yield wrap and AMM solutions have not been launched yet — unlocked tokens are accumulated and are not distributed. Thus, even as they are unlocked — they have not been touched and have not reached the market/users but may be introduced upon the launch of yield wrap programs. Also, it includes unlocked SHYFT treasury tokens), Maximum SHFT supply: 2,520,000,000, Projections: month 33 (Dec 2023), SHFT circulation 1,745,981,345 (conditioned to inflation rate remaining constant at 6% p.a.), Node Inflation rate: set at 6% of the initial universe, released on a per-block basis, perpetually, The initial supply for SHFT at the time of launch was 2,500,000. At the time of writing (J...




Celebrate the Lunar New Year With a Special Shyft Giveaway

Ni Hao Shyftoshis! Happy Lunar New Year ✨🐰 To kick off the Year of Rabbit celebrations in style, we have come up with a fantastic community giveaway. And there is not one but TWO Ledger Nano S Plus up for grabs. — How to Enter the Raffle?. — All you need to enter the giveaway is to check out the Gleam page here. Complete the tasks and enter our giveaway! — The Timeline. — The giveaway will start on January 23 and end on January 29. The two lucky winners will be chosen randomly and announced on January 30th. So, don’t miss out on this opportunity to win a Ledger Nano S Plus. Don’t forget to celebrate the Lunar New Year with your loved ones, as it’s a time of renewal and new beginnings. Join the Shyft community today, and let’s welcome the Year of the Rabbit on a happy note 🎉 In case you have any questions regarding the giveaway, drop them in the Shyft Discord channel. Good luck and Gong xi fa cai! ______________________________ Shyft Network powers trust on the blockchain and economies of trust. It is a public protocol designed to drive data discoverability and compliance into blockchain while preserving privacy and sovereignty. SHFT is its native token and fuel of the network. Shyft Network facilitates the transfer of verifiable data between centralized and decentralized ecosystems. It sets the highest crypto compliance standard and provides the only frictionless Crypto Travel Ru...




Australia Going the CBDC Way

Australia launched its CBDC pilot in January 2023., More than 80+ financial entities enter proposed use cases in e-commerce, offline payments, and government payments., It received over 140 use case proposals in e-commerce, offline, and government payments., Intense discussions around CBDC, gained momentum in Australia in August last year. It was when Australia’s Central Bank announced its plans to scrutinize the economic benefits of introducing a Central Bank Digital Currency to the country. The Reserve Bank of Australia declared that it would conduct a year-long pilot project to explore “innovative use cases and business models” for a CBDC. The authorities were keen to understand the technological, legal, and regulatory boundaries within which the CBDC will operate in Australia. — The Pilot: Schedule, Attributes, Constraints - The initial announcement by the RBA made it clear that the pilot would be executed in partnership with the Digital Finance Cooperative Research Centre, the DFCRC. The DFCRC is a government-supported industry group. It was to invite industry players who should demonstrate how the CBDC could act as a payment and settlement service to household consumers and businesses. With this, the RBA also prepared a detailed schedule of how they would like to conduct the program. Relevant Article: China Leads the Digital Currency Future — The Schedule - While the project timeline kicked-in in ...




India’s CBDC Project: What is it Upto?

The central bank of India, RBI, started with India’s CBDC pilot project in the last phase of 2022., India’s CBDC pilot has two segments: Digital Rupee Wholesale and Digital Rupee Retail., The pilot is active within a closed user group with eight banks entrusted with the initial responsibilities., Reserve Bank of India (RBI), India’s central banking authority, defines CBDC as “the legal tender issued by a central bank in digital form.” However, it differs from the existing digital money in the country -a CBDC is the liability of the Reserve Bank, not of a commercial bank. According to a brief press note made available by the Ministry of Finance on December 12th, 2022, the RBI has launched CBDC pilots in both the Wholesale and Retail segments. — Digital Rupee-Wholesale - Launched on November 1st, 2022, this segment of the CBDC pilot aims to facilitate settlements of secondary market transactions in government securities. The goal is to increase the efficiency of the interbank market.(Image Source) The authorities believe that settlement in central bank money would reduce transaction costs. It would be better positioned to pre-empt the need for settlement guarantee infrastructure or collateral to mitigate settlement risk. — Digital Rupee — Retail - Launched a month later, the retail version comes in the form of a digital token, representing legal tender. The issue denominations of these tokens remai...



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