The Raven’s Dispatch – July 20, 2018 – World’s First Bank-Owned Cryptocurrency Exchange Opens in Japan

World’s First Bank-Owned Cryptocurrency Exchange Opens in Japan

Adoption. That’s the key right? Once the masses adopt crypto, we can all retire early and talk about those crazy times when the overall market cap was only in the billions. Can you imagine the day? Well we’ve taken one step closer, in my opinion, as Japan becomes the first country where a bank owned exchange opens.

SBI group, founded in 1999, while relatively young have taken this first innovative step in the exchange world. In many cases crypto exchanges and companies find it extremely difficult to open accounts with banks, get credit, etc. because banks are very negative towards crypto. This could be a first step, and model, for future institutional investment.

SBI has opened up trading on its exchange named VCTRADE, and being a bank-owned crypto exchange, it is the first of its kind in the world. Japan is crypto-mad and has arguably the biggest cryptocurrency markets, which makes 20,000 pre registrations no surprise.

The overall cryptocurrency market had a wonderful week surging from $249bln to $281bln representing a 12% increase in the past seven days. Bitcoin lead the way and dragged everyone with it. Thanks BTC. The good news continues to flood in, as you will see below, and the crypto market keeps trucking along. Imagine for a moment a 1 trillion dollar market. We’re allowed to dream, right?

Bitcoin (BTC): BTC SURGED this week and blasted through the $7k mark increasing from $6,284 to $7,420 as of this post. Needless to say, the crypto community was losing their shi*t this week on twitter. Oh and has anyone noticed, as if out of nowhere, the bull charts re-appeared as if like magic.

Ethereum (ETH): Where BTC goes, crypto goes. Though ETH could not hold on to it’s high of $511 on Wednesday, ETH grew 6% to $463 as of this post.

Cardano (ADA): Dubbed “blockchain 3.0”, Cardano is a fully open-source, decentralized public blockchain and cryptocurrency project. It’s in fact the first blockchain platform to be built from peer-reviewed academic research, featuring some of the world’s foremost universities (among which are the University of Edinburgh and the Tokyo Institute of Technology).

Founded by Charles Hoskinson, former Ethereum CEO and early founder. Cardano has a 3 year roadmap split into eras, with each era featuring major improvement and introduction of some features. It’s currently in its bootstrap era, which they have named the Byron phase. In this current era, IOHK is working on stabilizing and tweaking its blockchain, and making significant improvements to the Cardano core.

As you can see in the graph below ADA had it’s parabolic phase, but swiftly retraced to it’s support of $0.20. 

If you want to know more about Cardano check out our guide!


Congratulation to our winners of ‘An Altcoin Traders Handbook’! – Check your inbox for our email as we will need some additional details to send your winnings!! and BCH come together. Best use case to date? – Whether you are a Bitcoin maximalist or Bitcoin Cash aficionado, the fact is, fees are cheaper when using Bitcoin Cash and on On Friday, May 18, 2018, Bitcoin Cash ( announced their partnership with

The Pirate Bay is crypto mining once again! – Piracy websites have faced backlash for years from governments and companies whose copyrighted properties have been infringed upon. In consequence, few reputable companies seek to do business with them, making it much harder for these types of sites to turn a profit. Queue crypto mining to the rescue!

Robinhood App Review – FINALLY! We finally get our hands on the Robinhood app and give it a thorough once over for your benefit. Fee less trading never felt so good. Check it out!

One Year Later: Comparing BTC to BCH (transactions/volume/github) – It’s been one year since the controversial fork of Bitcoin (BTC) to create Bitcoin Cash (BCH). We’ve writen about the two main figures of this fork, Jihan Wu and Roger Ver, in the past but today we want to look at the numbers. The cold.hard.facts. As President Trump would say……

India is Building a City with the Help of Blockchain – Newly formed Southern Indian State calls for a new capital. The nation decided to turn it into a state-of-the-art smart city. And that means using blockchain technology!

Malta Has Rightfully Earned Its “Blockchain Island” Nickname – Malta has long been known as the favorite destination of iGaming companies around the world. Now it seems the island is shifting from online gambling to the novel blockchain technology.

Bitcoin ETF Approval Could Be Huge For Crypto – The crypto market may finally be about to witness a successful application for a Bitcoin Exchange Traded Fund (ETF). is launching a new decentralized Ethereum game – (OLY) is a new decentralized game in which users can interact by acquiring, improving and trading virtual cities.  It is a new decentralized game in which users can interact by acquiring, improving and trading virtual cities. Read on for more details!

Check our Crypto Swag store on Teespring – We’ve got new designs, Go, consume, support Crypto is Coming. Kisses


World’s First Bank-Backed Crypto Exchange Finally Opens to the Public – Japanese financial giant SBI Holdings formally launched its in-house crypto trading platform, dubbed VCTRADE, last month. Yet, as reported by CoinDesk at the time, the trading service was only available for a group of selected users who pre-registered with the platform last October.

Coinbase teases new cryptocurrency assets for which it’s ‘exploring’ support – Coinbase is taking a look at some new cryptocurrencies to add to its exchange. If your favorite project on the list?

Major League Baseball is going crypto – Later this summer, Major League Baseball digital collectibles are coming to the Ethereum blockchain. Lucid Sight, a blockchain gaming company, is launching MLB Crypto Baseball, through a licensing deal with MLB.

Tezos Investors Got a Chance to Sell This Week – And They Took It – After waiting nearly a year to get their tokens, the first thing many Tezos investors did was get rid of them.

– The floodgates could be about to open in the cryptocurrency market. BlackRock, the world’s largest asset management firm, with $6.3 trillion in assets under management, is exploring bitcoin.

American Express is Eyeing Blockchain for a Proof-of-Payments System – American Express isn’t an institution unfamiliar with blockchain. Throughout the past few months, we’ve seen the financial services company support the blockchain very publicly.

Schnorr is Looking Graceful to Become Bitcoin’s Biggest Change since SegWit – Last week, influential developer, Pieter Wuille uncovered a draft which outlined the technical makeup of the Bitcoin upgrade. Now, with stronger foresight and passion, Bitcoin upgrade is all set to enter the implementation phase.

?Mastercard to link crypto to fiat currency with new patent – You can’t stop the blockchain! Mastercard has patented a method and system for the ‘linkage of blockchain-based assets to fiat currency accounts’.

South Korea Will Subsidize Blockchain Startups – The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies, including blockchain, as part of the country’s push for innovation growth.

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A Look at Cryptocurrencies by % of Total Volume, Market Cap and Volatility

Here we take a look at Cryptocurrencies and see how they compare by percentage of total volume and market. As expected Bitcoin leads the way at 42.4% of the total cryptocurrency market followed by Ethereum at 17.8%. So much for the flippening amirite. After that we see the usual suspects, LTC, BCH, EOS, XRP,  in the single digits. Interesting to see Bitcoin dominance still above 40% when many predicted this would be the year other coins closed the gap, especially during the bear trend we’ve been in for most of 2018. Which coins can move up the ranks in the next 12 months? EOS launch has been a disaster so far. Can Litecoin keep its place as silver to Bitcoin’s gold?

Cryptocurrency Circulating Value


In terms of cryptocurrency volume traded on exchanges, Bitcoin dominates slightly less at 31%. This could be the result of lesser volume from mostly BTC focused exchanges like Bitfinex and Bitmex and altcoin exchanges like Binance launching more altcoin to fiat pairs. This could be a trend to keep an eye on for the rest of the year as regulation starts to pave the way for regulated exchanges and more fiat on-boarding services become available.

Cryptocurrency Daily Volume

Finally we take a look at the cryptocurrency volatility chart. This chart shows that volatility measured as a % of price over the course of the last 180 days courtesy of the crew at This bear trend is taking its toll but the volatility is also what makes crypto markets so different from traditional assets.

Cryptocurrency Volatility Chart

I wonder how many years til the crypto markets stabilise some…at least for large market cap coins.

Interested in other cool crypto posts….check out A look at Historical Crypto Corrections and The Top Secret Hedge Fund That Everyone Knows About.

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