#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.
Listen to the Crypto Corner Podcast:
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/07171Coinbase-Japan-LINE-BitBox-BitPay.asp
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
Crypto Corner Sponsors:
Flip™ is the creation of Fit Pay, Inc., a leading provider of
cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD).
By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders
to seamlessly exchange their cryptocurrency for US dollars and store that value
on a contactless payment device that can be used to make purchases at millions
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