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#CryptoCorner: Rakuten Acquires #Crypto Exchange, LINE Launches #Cryptocurrency and #Blockchain Network and Yahoo Finance Enables Buying and Selling of Crypto

Stocks discussed: (TYO:4755)

#CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and #AI, #IoT, #Blockchain, #Crypto Technology Company Gopher Protocol (OTCQB: $GOPH) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - August 31, 2018 (Investorideas.com Newswire) 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, now available in podcast.

Listen to today's Crypto Corner Podcast:

http://www.investorideas.com/Audio/Podcasts/2018/083118-CryptoMarket.mp3

#CryptoCorner: Rakuten Acquires #Crypto Exchange, LINE Launches #Cryptocurrency and #Blockchain Network and Yahoo Finance Enables Buying and Selling of Crypto

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Crypto Corner

Rakuten Acquires Crypto Exchange, LINE Launches Cryptocurrency and Blockchain Network and Yahoo Finance Enables Buying and Selling of Crypto

Stocks discussed: (TYO:4755)

We've seen a slight recovery in the market over the past day, with total market capitalization at $225 billion USD and most coins in the green, according to CoinMarketCap. Bitcoin (BTC) has very nearly recovered its $7000 USD support, as it is trading at $6960 USD at press time.

Rakuten, Inc. (TYO:4755), a Japanese e-commerce giant, has announced the acquisition of crypto exchange Everybody's Bitcoin from parent company Traders Investment, Inc. The announcement indicates that the 100 percent acquisition of Everybody's Bitcoin will be completed on October 1 at a price of ¥265 million JPY ($2.4 million USD). The following excerpt details Rakuten's reason for wanting to acquire a crypto exchange:

We expect that the role of cryptocurrency-based payments in e-commerce, offline retail and in P2P payments will grow in the future. In order to provide cryptocurrency payment methods smoothly, we believe it is necessary for us to provide a cryptocurrency exchange function, and have been considering entry into the cryptocurrency exchange industry as the Rakuten Group.

Another Japanese company, software giant LINE, has announced that it will launch its own cryptocurrency, known as 'LINK', along with its own blockchain network, LINK Chain. Designed independently by LINE, LINK will not have an ICO, but rather will be networked with the use of other existing LINE decentralized apps (dApps) and used as payments and rewards. The new token will be registered with LINE's BITBOX digital asset exchange. LINE CEO Takeshi Idezawa explained the development of LINK:

"Over the last seven years, LINE was able to grow into a global service because of our users, and now with LINK, we wanted to build a user-friendly reward system that gives back to our users. With LINK, we would like to continue developing as a user participation-based platform, one that rewards and shares added value through the introduction of easy-to-use dApps for people's daily lives."

In a blog post yesterday, Yahoo Finance announced that in addition to its listing of over 100 cryptocurrencies, the site will now allow users to buy and sell directly through the platform. The feature debuted this week on the Yahoo Finance app for iOS and lets users link their account with TradeIt to buy crypto. Joanna Lambert, General Manager of Finance and Tech at Yahoo's parent company, Oath, said:

"As the leading provider of financial data, insights, and editorial content, we are constantly looking for ways to better serve audiences on the Yahoo Finance platform. We first launched our integration with Trade It one year ago, allowing people to trade on Yahoo Finance for the first time ever. We're excited to expand this offering to cryptocurrencies, further connecting our passionate community of investors with relevant utilities on our trusted platform."

Sam Mowers, Investorideas

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Crypto Corner Sponsors:

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