#CryptoCorner: #Coinbase Approved for Key Acquisitions, First Bank-Owned Crypto Exchange Launched by Japan’s SBI Holdings, LINE Launches #BITBOX Exchange and NY Regulators License #BitPay

#CryptoCorner: #Coinbase Approved for Key Acquisitions, First Bank-Owned Crypto Exchange Launched by Japan’s SBI Holdings, LINE Launches #BITBOX Exchange and NY Regulators License #BitPay

July 17th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD)

Point Roberts, WA, Delta BC – July 17, 2018 -  Investorideas.com, a leader in crypto and blockchain investing news reports on what’s driving the cryptocurrency markets with today’s edition of Crypto Corner.

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Crypto Corner – July 17, 2018

Coinbase Approved for Key Acquisitions, First Bank-Owned Crypto Exchange Launched by Japan’s SBI Holdings, LINE Launches BITBOX Exchange and NY Regulators License BitPay

The crypto market seems to be maintaining stability after showing steady growth over the last several days. At press time the total market cap is $271 billion USD, up from $268 billion USD yesterday. Bitcoin (BTC) is trading at about $6750 USD, which is over $100 more than yesterday. All data is from CoinMarketCap.

Popular crypto exchange Coinbase received approval from U.S. financial regulators to list coins considered securities, according to a report in Bloomberg. A spokesman from Coinbase told Bloomberg that the company had been approved by the U.S. Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) to acquire Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC. “The acquisitions enable the firm to offer so-called security tokens, and also place the businesses under federal oversight.” This allows Coinbase licenses to operate as a “broker dealer, an alternative trading system and a registered investment adviser”.

CCN reports that the world’s first bank-owned crypto exchange has officially launched. ‘VCTRADE’, owned and operated by Japanese financial giant SBI Holdings, saw a preliminary launch last month for pre-registered users, but is now open to the wider public. The exchange supports trading of Ripple (XRP), Bitcoin (BTC) and Bitcoin Cash (BCH) against the Japanese yen (JPY).

Japanese messaging giant LINE Corporation announced the launch of its Singapore-based crypto exchange platform BITBOX today. The company revealed that the first 2 million users to register with BITBOX will receive the equivalent of $10 USD in credit for free and can enjoy no-fee trading on all listed coins in the first month. LINE CEO Takeshi Idezawa emphasized the importance of the user experience with BITBOX:

“LINE has built its reputation on providing a great social experience for our users, and now we intend to bring that know-how to the world of digital tokens with our BITBOX exchange. With BITBOX, we intend to have an exchange that is easier to use, while also ensuring we provide extremely strong levels of security.”

Reuters reports that the New York Department of Financial Services (DFS) has granted a license to crypto payments processor BitPay. BitPay is the tenth firm to be granted the BitLicense by the DFS and the first virtual currency wholesale payments processor to be approved for a license.

Sam Mowers, Investorideas

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