Written by Zach Quezada

VP of Business Development — ICOAlert
August 9 2018

ICO Alert Crypto Minute August 9, 2018

ICO Alert Crypto Minute August 9, 2018

ShapeShift buys crypto-conversion startup Bitfract, Thailand says 20 companies have applied for Exchange Licenses, 94 companies join IBM and Maersk Blockchain.

ShapeShift Buys Crypto Conversion Startup Bitfract

The cryptocurrency conversion platform ShapeShift has purchased Texas-based startup Bitfract. The startup has created a tool that allows users the ability to purchase multiple cryptocurrencies through a single Bitcoin transaction and have the appropriate amounts deposited into the correct wallets. Reported by CryptoVest.com

“When Erik [Erik Voorhees, founder and CEO of ShapeShift] asked if we wanted to join ShapeShift, the answer was immediately yes. We believe in a decentralized future where individuals freely control their digital wealth, and our team is honored to work alongside Erik and everyone at ShapeShift to make this a reality.” —CEO Will Ogorzaly via Cryptovest.com

Thailand: 20 Companies Apply for Exchange Licenses

According to CryptoCoinNews, “…following a new licensing system for the cryptocurrency sector in July, Thailand’s Securities and Exchange Commission (SEC) has fielded nearly two dozen applicants looking to operate domestic cryptocurrency exchanges.”

As reported by the Bangkok Post on Thursday, the senior SEC official confirmed that license approvals are currently “being processed” — via CryptoCoinNews

94 Companies Join IBM and Maersk’s Blockchain

According to Coindesk.com, “IBM and shipping giant Maersk revealed Wednesday that the companies have already signed up 94 firms for the platform since it was spun off from Maersk in January. They have also finally given it a name: TradeLens.”

“TradeLens has attracted a wide variety of entities, ranging from dozens of port operators and customs authorities to logistics companies and even rival ocean-going carriers, such as Pacific International Lines, all of whom have been testing the platform.” — via Coindesk

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Topics: Bitcoin, Crypto Minute, Cryptocurrency, IBM, Blockchain