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CryptoCorner: Japanese E-Commerce Giant Rakuten Launches Crypto Exchange, Kraken Delists BSV, SBI to Delist BCH and Market Goes Green

 

Point Roberts, WA and Delta, BC - April 17, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.

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#CryptoCorner: Japanese E-Commerce Giant Rakuten Launches Crypto Exchange, Kraken Delists BSV, SBI to Delist BCH and Market Goes Green

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Stocks discussed: (TYO:4755) (TYO:8473)

The majority of the top 100 coins listed by market cap are in the green at press time, according to data from CoinMarketCap. Bitcoin (BTC) leads, as usual, with a $92 billion USD market cap and a trading price of about $5220. And ranking second and third are Ether (ETH) and XRP, with market caps of $17.5 billion and $13.9 billion, respectively.

Japanese e-commerce giant Rakuten (TYO:4755) has announced that account registrations are now open for its new cryptocurrency exchange service, Rakuten Wallet. The service is currently available to customers who already have an account with Rakuten Bank. An excerpt from the press release describes an AI-powered customer support service and an upcoming mobile app for Rakuten Wallet:

"In addition, we have enhanced support for customers by introducing an automatic response chat service that employs AI technology that responds to customer inquiries 24 hours a day, 7 days a week. In addition, we plan to provide a smartphone app so that you can deposit and withdraw from the crypto asset trading account and trade in crypto assets (virtual currency) regardless of location."

U.S. crypto exchange Kraken has decided to follow Binance and ShapeShift in delisting Bitcoin SV (BSV). The decision was made following a Twitter poll, in which 71 percent of respondents voted "Yes" on the question: "Should Kraken delist Bitcoin SV (BSV)?"

Over the last few months, the team behind Bitcoin SV have engaged in behaviour completely antithetical to everything we at Kraken and the wider crypto community stands for. It started with fraudulent claims, escalating to threats and legal action, with the BSV team suing a number of people speaking out against them. The threats made last week to individual members of the community were the last straw.

Elsewhere, Cointelegraph reports that financial services company SBI Holdings (TYO:8473) will delist Bitcoin Cash (BCH) from its crypto exchange platform in June this year. Cointelegraph explains:

Yoshitaka Kitao, CEO and representative director of SBI Holdings, has previously criticized bitcoin cash's hard fork, which took place in November 2018. As Cointelegraph reported, Kitao apparently has a connection with the BSV founder, with Wright having revealed their close relationship in a tweet in January, demonstrating that he and Kitao spent time together, and claiming that he treats Kitao as "a friend and man I respect a lot."

Sam Mowers, Investorideas

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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 PlatformTM, 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 of retail locations. https://www.fliptopay.com

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