|All Time High:|
|Market Cap: |
|The last known price of #SHFT is $0.00662 USD.|
Please note that the price of #SHFT was last updated over 50 days ago. This can occur when coins have sporadic price reporting, no listings on exchanges or the project has been abandonded. All #SHFT statistics should be considered as 'last known value'.
The lowest SHFT price for this period was $0, the highest was $0.00662, and the exact last price of SHFT was $0.00662045.
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 BTC or other crypto coins.
|The code for Shyft Network crypto currency is #SHFT. |
Shyft Network is 2.1 years old.
|The current market capitalization for Shyft Network is not available at this time.|
Shyft Network is ranking downwards to #6498, by market cap (and other factors).
|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 $44,237.
|The total supply of SHFT is 114,517,561 coins.|
Veriscope Regulatory Recap — 10th April to 16th April
Veriscope Regulatory Recap — 10th April to 16th April - Welcome to another edition of the Veriscope Regulatory Recap that focuses on some crucial regulatory developments and their potential effect on the ecosystem. This week, we cover the US setting its regulatory crosshairs on stablecoins, the IMF renewing calls for regulating crypto by citing the FTX collapse and turmoil in the banking sector, an SEC Commissioner blasting the agency’s heavy-handed approach toward the crypto industry, and India’s Finance Minister calling for globally coordinated crypto regulation at G20 meetings. — The US has set its Regulatory Crosshairs on its Next Target: Stablecoins - Since the FTX debacle, the United States has gone into an overdrive mode to regulate cryptocurrencies, with industry stakeholders raising the alarm and terming the government’s action “Operation Chokehold 2.0.” And now, its focus is on stablecoins.(Image Source) A recent regulatory draft proposal detailed provisions stating that insured depository institutions issuing stablecoins would be subject to oversight by corresponding regulatory authorities. The hearing on the proposed stablecoin bill is scheduled for 19 April. If approved, non-bank institutions would come under Federal Reserve scrutiny, and foreign issuers would need to register to conduct business within the US. However, approval of stablecoin issuance would depend on several factors, such ...
G7’s Double Play: Stricter Crypto Regulation and CBDC Adoption
The G7 countries under Japan’s presidency, are emphasizing tighter cryptocurrency regulations to address digital technology challenges and protect the global crypto community., One of its key objectives is to help developing nations adopt CBDCs, as the G7 members believe it could foster financial inclusivity., At the same time, increasing political resistance and privacy concerns around CBDCs highlight the need for preserving privacy, which is a strong point of cryptocurrencies., As Japan takes on the presidency of the G7 this year, the Group of Seven countries — Canada, France, Germany, Italy, Japan, the U.K., and the U.S., along with the European Union — are set to address the challenges posed by fast-moving digital technology. Japan’s Vice Minister of Finance for International Affairs, Masato Kanda, emphasized the need for tighter cryptocurrency regulations in light of last year’s collapse of the crypto exchange FTX, which reportedly served as a “serious wake-up call” for policymakers worldwide. With varying viewpoints on cryptocurrency assets among nations, the G7 seeks to cultivate international agreement on the importance of more robust regulatory frameworks. The group believes that implementing these enhanced regulations will safeguard the global crypto community from market instability and cybersecurity risks while reducing the potential for misinformation and minimizing social and political rift...
Shyft Veriscope Releases Bloom Filters: A Game-Changer for VASPs to Identify & Address Relevant…
Shyft Veriscope Releases Bloom Filters: A Game-Changer for VASPs to Identify & Address Relevant Attestations - We are thrilled to announce the release of our latest feature: the Veriscope Bloom Filter for deposit addresses. The Redis Bloom-based Veriscope Bloom Filter streamlines the management of deposit addresses and attestation events for Virtual Asset Service Providers (VASPs), further solidifying our commitment to improving the VASP experience. — Improving VASPs’ Workflow with Our Veriscope Bloom Filter - Traditionally, VASPs have received NEW_ATTESTATION events for all attestations, requiring them to manually determine the ones relevant to their deposit addresses. With the introduction of our Veriscope Bloom Filter, VASPs can now upload their deposit addresses, effectively limiting NEW_ATTESTATION events to only those specific addresses. This greatly simplifies the process of identifying and responding to relevant attestations. — General Workflow and Benefits - Our Veriscope Bloom Filter allows VASPs to: Create a Bloom Filter by bulk uploading deposit addresses., Scan past attestations to identify important ones that may need a response., Add newly created addresses to the filter., Receive NEW_ATTESTATION events for addresses in the filter and decide whether to respond to the Originating VASP., — New API Endpoints - To support the Bloom Filter, we have introduced four new API endpoints, ensur...
Welcome to another edition of the Veriscope Regulatory Recap.
Veriscope Regulatory Recap — 3rd April to 9th April - Welcome to another edition of the Veriscope Regulatory Recap. This week, we focus on IOSCO’s upcoming crypto regulation consultation paper, the US Treasury’s report emphasizing AML compliance for DeFi, the Indian government’s update on crypto regulations and fraud prevention, and ECB’s Elizabeth McCaul calling for strengthening MiCA provisions. Before we move forward, let’s pledge to safeguard the ecosystem’s true ethos amid increasing calls for regulating the nascent crypto sector. This applies to both the industry stakeholders and the regulators, as only by working together can we ensure a balanced, secure, and thriving future for the world of digital assets. Let’s collaborate and make crypto a force for good! — IOSCO to Launch Crypto Regulation Consultation in Q2 2023 - The International Organization of Securities Commissions (IOSCO) plans to release a consultation report on regulating crypto assets in Q2 2023, with the final recommendations to be published by the end of the year.(Image Source) IOSCO’s Fintech Task Force has dedicated two major workflows to decentralized assets, covering digital assets and DeFi, focusing on investor protection. The Commission has previously published reports on DeFi, stablecoins, and influencers, recommending national regulators acquire supervisory capacities such as regulatory channels for consumer compl...
The FATF Travel Rule: Implications for Privacy and Data Protection
The FATF Travel Rule raises privacy and data protection concerns, as it mandates VASPs to share sensitive user information while facilitating crypto transactions., Adhering to the FATF Travel Rule while maintaining data privacy requires a fully automated and P2P-enabled Travel Rule Solution, such as Shyft Veriscope., The FATF insists that widespread international adoption of the Travel Rule is crucial for mitigating risks and achieving uniformity in combating fraud, illegal transfers, and illicit crypto trails., The Financial Action Task Force (FATF) Travel Rule is a global regulatory requirement for virtual asset service providers (VASPs) to collect and transmit customer information during cryptocurrency transactions. It aims to prevent money laundering and terrorist financing by increasing transparency and accountability in digital asset transfers. While the FATF Travel Rule is touted as essential in promoting financial integrity and preventing illicit activities in the crypto space, it also raises concerns about privacy and data protection in the digital age. Therefore, balancing the need for financial security with the right to privacy and data protection in implementing the FATF Travel Rule is crucial. VASPs must take measures to ensure that the information collected and transmitted is secure and only used for its intended purpose. Likewise, when providing guidelines, regulators must implement measures to safeguard pe...
Shyft Dev Deep Dive Monthly — March 2023
Shyft Dev Deep Dive Monthly — March 2023 - Welcome to Shyft Dev Deep Dive, your monthly source for the latest Shyft-wide features and technical advancements. March proved to be a busy month for development efforts, and we are enthusiastic about maintaining our momentum in the upcoming weeks. Our focus remains on elevating the user experience for the entire Veriscope community. Throughout March, our Product & Engineering team worked on several key initiatives, including: (i) Support for Multiple Trust Anchors (MTAs) (ii) Bloom Filter for deposit addresses (iii) Veriscope Infrastructure as Code (IaC) In addition to these initiatives, we are excited to announce that our team has published an external roadmap, providing greater visibility into our ongoing projects and future plans. And as always, if you would like a demo or have any questions, please email us at Veriscope@Shyft.Network. — Support for Multiple Trust Anchors (MTAs) - As announced in our February Dev Deep Dive, we have introduced support for MTAs, empowering VASPs and Service Providers to manage multiple trust anchor accounts with a single Veriscope instance. This eagerly-awaited feature has been met with positive feedback and excitement. — Bloom Filter for Deposit Addresses - With effective implementation of the Bloom Filter for deposit addresses, VASPs can now effortlessly identify and address relevant attestations — specifically, t...
Veriscope Regulatory Recap — 27th March to 2nd April
Veriscope Regulatory Recap — 27th March to 2nd April - Welcome to another edition of the Veriscope Regulatory Recap. This week, we delve into South Dakota’s unsuccessful attempt to pass a crypto regulation bill, the SEC Chairman’s concerns over cryptocurrency compliance in the market, the EU’s implementation of a 1,000 Euro ceiling on crypto transfers, and the Central Bank of Bahrain’s updated crypto asset framework. Let’s dive into this week’s recap without forgetting that along the ever-evolving regulatory landscape, we need to safeguard the ecosystem’s true ethos. — South Dakota Fails to Pass Crypto Regulation Bill - The South Dakota House could not overturn Governor Kristi Noem’s veto of a proposed bill to establish government regulations for utilizing cryptocurrency within the state. This means there are no changes to South Dakota’s regulatory approach towards cryptocurrency, resulting in the state maintaining its current policy.(Image Source) Although the bill had made its way through the legislative process, it faced opposition from some who perceived the proposed regulations as a means of enabling government surveillance and overstepping boundaries. The opponents argued that they require more time to observe the outcomes of similar legislation in other states before making a final decision. — SEC Chairman Cites Cryptocurrency Compliance Concerns in the Market - Speaking at the Ho...
Australia’s Latest Crypto Bill Explained
New South Wales Senator Andrew Bragg has recently introduced a crypto services regulation bill in the Australian Parliament., Titled the Digital Assets (Market Regulation) Bill 2023, the regulation may introduce a crypto licensing regime., Australia has a considerable crypto market, with more than 25% of the population owning cryptocurrency in the country., In a noteworthy development for the Australian cryptocurrency landscape, Senator Andrew Bragg, a member of the Australian Liberal Party from New South Wales, has introduced a new bill to the Australian Parliament. This proposed legislation seeks to implement regulations for crypto services in the country, potentially impacting the future of the crypto ecosystem and its users. If Senator Bragg’s proposals receive approval, a person or business would be required to hold an ASIC or foreign license to operate a crypto exchange. ASIC stands for the Australian Securities and Investment Commission. The same would apply to crypto custody service providers and stablecoin issuers in the country. — How Popular Cryptocurrencies are Among Australians? - The share of people who own cryptocurrency in Australia is more than 25%, implying that nearly one in four adults in Australia own some cryptocurrency. In line with the nature of the crypto market at large, Bitcoin is the leading currency in the country, and the foremost reason to invest is portfolio diversification. Despite ...
Veriscope Regulatory Recap — March 20th to March 26th
Veriscope Regulatory Recap — March 20th to March 26th - Welcome to another edition of the Veriscope Regulatory Recap. This week, we look into the upcoming G7 crypto regulatory recommendations, the proposed bipartisan Blockchain Regulatory Act, the CFTC Commissioners urging collaboration with the SEC for harmonized crypto regulations, and the EU to vote on MiCA in April. We are closely monitoring and analyzing regulatory developments while taking into account the importance of protecting the ecosystem. Let’s dive straight into the recap now. — G7 to Unveil Crypto Regulatory Recommendations - As the G7 summit approaches in May, the member states are reportedly gearing up to advocate for tighter cryptocurrency regulations worldwide.(Image Source) This potential regulatory push could have significant ramifications for crypto users and the broader digital asset community, altering the landscape of this rapidly evolving sector. Recommendations on regulating, supervising, and overseeing global stablecoins and crypto asset activities are expected by July and September this year. While the overall tone of the recommendations remains unknown, the potential for stricter regulations could create both challenges and opportunities for the crypto community. On the one hand, tighter regulations may hinder innovation and limit the adoption of cryptocurrencies. On the other, enhanced transparency and consumer protection could...
The Block Perspective — March 2023
The Block Perspective — March 2023 - — European Crypto Regulatory Climate and its Impact on Crypto Ecosystem - Welcome to the first edition of The Block Perspective, Shyft’s monthly thematic overview! Here, we will be diving deep into some of the most pressing issues and trends in the industry, offering fresh insights and analysis from our team of experts. From the latest regulatory developments to real-world use cases and market trends, we will give you a comprehensive view of the blockchain landscape and the opportunities it presents. Today, we are excited to delve into the European crypto regulatory landscape and explore its current state and future implications for the industry. We will examine the specifics of these regulations, from the EU’s MiCA proposal to 5AMLD, and explore how they shape the broader crypto market. Let’s not wait for any further and dive straight into this complex and ever-changing landscape and gain a better understanding of the future of digital assets in Europe. — The Delicate Balance: Europe’s Crypto Conundrum - Europe faces a pivotal task in crafting crypto regulations that protect privacy, autonomy, and innovation while preserving user experience. The contentious MiCA proposal presents a significant challenge, sparking debate and potentially jeopardizing blockchain’s foundational principles. Achieving the optimal balance is vital to prevent hindering innovation, tal...