Crypto News, August 4 2018: Red Day

Highlights: Coinbase Custody, VeChain vaccine solutions, and investing in weed shares with crypto.

Coinbase Custody Exploring Addition of Assets

Source: Coinbase

Coinbase Custody is exploring the addition of several assets, including all ERC-20 tokens. Coinbase Custody is a service for institutional investors looking to securely store their assets - in other words, this doesn’t make every asset on the list available for trading. However, this would give Coinbase the infrastructure it needs to add these coins to their listings in the future if they so choose.

VeChain To Provide Vaccine Traceability Solutions

Source: Medium

Early last week we reported on an unsafe vaccine in China which resulted in several members of the public calling for a blockchain solution. VeChain is now working on addressing the issue. They will aim to leverage supply chain solutions to increase accountability, as well as making any needed recall processes more efficient. They will be testing in Shanghai and have been tasked to provide traceability solutions by 2020.

High Times IPO To Accept Cryptocurrency

Source: High Times

Cannabis brand High Times will be accepting Bitcoin and Ethereum for its IPO, representing the first time a stock offering has done so. A spokesperson for the brand says that the aim is to appeal to a broader group of investors worldwide.

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Written content adapted/edited by @thepinkfreudian.