Japan’s Retail Giant Rakuten Officially Launches Crypto Exchange

Japanese cryptocurrency exchange Rakuten Wallet has launched trading a year after acquiring Everybody’s Bitcoin. Three trading pairs go live Confirmed in a press release on Aug. 19, Rakuten Wallet, which is a subsidiary of Japanese e-commerce giant Rakuten, said spot trading of three cryptocurrencies — Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH) — was now live.  In future, developers plan to release an app for iOS and Android, use of which will be mandatory for deposits and withdrawals.  “Customers who already have a bank account with Rakuten Bank will…

TZERO Officially Launches Public Security Token Trading оn Schedule

Retail giant Overstock’s blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens — dubbed TZROP — for trading by accredited and non-accredited investors. TZERO announced the news in a press release on Aug. 12, the previously proclaimed day of the launch. According to the announcement, the TZROP token allows investors to directly participate in the company’s revenue growth via a quarterly dividend model.  The announcement further states that the company could distribute a quarterly dividend of 10% of the company’s adjusted gross revenue for TZROP holders. However,…

The Enterprise Ethereum Alliance Launches the EEA Mainnet Initiative

The Enterprise Ethereum Alliance (EEA) is setting up a technical group working on collaboration between the mainnet and enterprises. The working group, called the EEA Mainnet Initiative, intends to accelerate and lead cooperation between the EEA’s enterprise and startup members, as well as those who work on the mainnet’s technology and interoperability solutions, according to a press release shared with Cointelegraph on Aug. 6. EEA Mainnet Initiative to work on interoperability and scalability solutions The Mainnet Initiative will seek to improve its knowledge about how public network components match the…

Crypto Exchange Launches ‘Shitcoin Futures Index,’ Offering New Way to Short Alts

Crypto derivatives platform FTX has perhaps the most speculative and oddly-named futures index fund on the market: SHIT-PERP, or the Shitcoin Index Perpetual Futures. An index of 58 low market cap coins, SHIT-PERP includes projects like Waves, Grin, and Nano. It is flanked two other low-cap indexes on the site, MID-PERP and ALT-PERP. Image via FTX.com Following an incubation program under Alameda Research, the derivatives platform opened this past spring. FTX runs an over-the-counter desk, futures, indexes, and now spot trading. Based out of the Antigua and Barbuda, the platform…

US Firm Launches Hedge Fund With Holdings in Coinbase, Bakkt

The investment firm US Capital Global announced it will add a tokenized venture fund with holdings in Coinbase, Bakkt, Nomics, and Tagomi in its portfolio. Accredited investors will be able to place a $10 million equity stakes in the NYCQ Fund, designed by the venture capital firm CityBlock Capital, to increase their crypto leverage, according to a statement. The fund does not hold investments in cryptocurrencies, but stakes equity investments in the crypto startups. It is overseen and developed by former SoftBank Capital, Goldman Sachs, Wells Fargo, and Google employees.…

BitFlyer launches ‘Simple’ Bitcoin Buying and Selling Service for EU Market

The European arm of Japan-based cryptocurrency exchange bitFlyer has launched a bitcoin buying and selling service aimed to be easier to use than spot trading exchanges. BitFlyer Europe announced the news on Tuesday, saying the new trading platform targets people wanting “a simple way to buy and sell bitcoin, from total beginners to experienced traders.” Until now, the firm offered only a pro-trader service, dubbed Lightning, as its euro-bitcoin marketplace. Available via the bitFlyer Europe website, the “bitFlyer Buy/Sell” service allows users to exchange bitcoin for euros, with a maximum…

Greek Billionaire Launches Hemp-Backed Token and Dedicated Exchange

Greek billionaire and television director Alki David and his Swiss consortium launched cannabis-backed token SWX Coin, according to a press release published on July 25. A cannabis-backed token on the BTC chain Per the release, the consortium also launched the Swissx Bank of Cannabis to operate the token. The exchange will be based in Gstaad, Switzerland, and with a Caribbean headquarters to be named soon. The token is reportedly based on Bitcoin (BTC)’s blockchain, and a single unit is pegged directly to the median global price of premium hemp flower.…

Metamask Launches Mobile App Beta to Broaden Appeal of Ethereum DApps

Ethereum wallet and decentralized app (DApp) browser Metamask has launched the public beta version of its new mobile app.  Unveiled on July 23, the app brings various features to Metamask users and syncs to the company’s existing browser plug-in. It is available for both Android and iOS. “Over the next couple months, we’ll use this Beta to gather feedback from the community before our V1 launch this fall,” an accompanying blog post reads. The mobile app features a cryptocurrency wallet and DApp browser among other tools, including support for so-called…

Cadence Launches Blockchain-Based Tokenized Debt Marketplace

Cadence, an American blockchain-based alternative investment provider, has launched an investment platform for debt, according to a press release shared with Cointelegraph on July 10. By launching its private credit investment platform, Cadence aims to bring more transparency and efficiency to the asset class in order to help companies grow their businesses. Cadence turns commercial debt into digital tokens that can be traded on its platform. Private credit, or private debt, is a type of alternative investment which has only been accepted as a separate asset class very recently. Private…