Abra and Bitwise Announc Partnership

Crypto wallet provider Abra is launching a new token in a bid to offer investors more exposure to the cryptocurrency market.

The Bitwise 10 Crypto Index Token (Bit10), developed with Bitwise Asset Management, tracks the top 10 cryptocurrencies by market capitalization and is rebalanced monthly. Investors can purchase the token, which is built on bitcoin, to essentially invest in all 10 cryptocurrencies at once, according to a press release.

This grants retail investors access to "nearly 80 percent of the cryptocurrency market" at once, the release stated.

Abra CEO Bill Barhydt told CoinDesk that at present, the fund invests in bitcoin, ethereum, XRP, bitcoin cash, EOS, stellar, litecoin, dash, monero and zcash. Users can deposit bitcoin, litecoin, bitcoin cash or a fiat currency into their Abra wallets and convert funds to the Bit10 token, he added.

Bitwise Partners with Morgan Creek

Morgan Creek, a capital management company that oversees more than $1.5 billion in assets, has partnered with Bitwise Asset Management to create the Digital Asset Index Fund.

The new cryptocurrency asset fund is the latest in Bitwise’s suite of cryptocurrency investment offerings, as the asset management company already owns the HOLD 10 Index Fund. It also aspires to launch a cryptocurrency ETF in the near future.

School of Rock and ApplePie Capital Partner

ApplePie Capital partnered with School of Rock to simplify the financing process for new and existing franchisees. This collaboration will provide a wide variety of financing solutions for new school development and acquisitions, as well as financing for remodels, equipment and refinancing. The new partnership is effective immediately. With School of Rock as a pre-approved franchisor, ApplePie will minimize approval times and accelerate the time to funding for franchisees.

Keiretsu Launches in Australasia

The San Francisco-founded group of angel investors, which began in 2000, has about 3200 members across 53 chapters in the US, Europe and the Asia-Pacific region, and charges members a yearly fee in exchange for access to global, pre-vetted deals.

The Australian chapter of the business will be headed by Sapien Ventures founder Victor Jiang, with PrimaryMarkets chief executive Nick Capp set to be vice-president.

Hadron Announces Decentralized computing network for massively scaled AI

The Hadron AI Marketplace provides an means to conduct both machine-powered and human AI training. Users who wish to passively earn rewards for unused compute power download the Hadron Workforce App to their devices and connect to the marketplace. Active earning is also enabled through completion of human intelligence tasks for AI training through a game-like interface. Monetized datasets will also be available on the platform which can be bought or rented to train AI models.

Blockchain Capital invests in High Fidelity

High Fidelity, a social VR startup founded by one of Second Life’s original creators has bagged a $35 million Series D led by Blockchain investment firm Galaxy Digital Ventures. Also participating in the round were Breyer Capital, IDG Capital Partners, Vulcan Capital and Blockchain Capital.

The startup is building the framework for a linked universe of user-generated worlds where people can meet up in VR with a backbone that the company’s leadership believes will allow the company to scale quickly once VR hardware catches up with expectations.

Netflix partnered with Telltale Games on 'Minecraft'

We can all stop asking who will be the first to launch "the Netflix of games." We have our answer now, and that answer is... Netflix!

Slow down, it's not as big a splash as you might think. Netflix reached out to Mashable to clarify some of the earlier reporting, and we now have a much clearer picture of what's happening here.

TechRadar initially reported that the service will be announcing a partnership with Telltale Games that will bring Minecraft: Story Mode, the episodic series, to the service. Each episode will stream as a video file, and you'll be able control them using any remote equipped with a directional pad and select buttons.

ReadyUp unveils platform for managing esports teams

ReadyUp is coming out of stealth mode today to announce it is creating a platform for esports team management.

The platform will advance the company’s vision to advance the cause of both amateur and professional esports athletes. San Francisco’s ReadyUp has created tools for roster management, scheduling, and communication. Those tools will enable esports athletes to efficiently manage and optimize their teams, allowing them to focus on competition and player development.

The platform will launch in the fall of 2017. Roderick Alemania serves as the CEO of ReadyUp. He previously held executive roles at IGN Entertainment/Fox Interactive Media, Vudu, Six Apart, and Tapjoy.

Access Network Launches ICO

The Access Network, an incentivized token economy governed by its participants, announced its upcoming launch today. Access Network (ACX Network) is created by the visionary blockchain startup Atlas Money, a fast growing P2P banking platform in West Africa with more than 300 agents and nearly 20,000 users who have already banked over $1.5M. Co-founded by a Techstars Alum and Peter Thiel fellow, Atlas has raised over $3.2M and is backed by notable investors such as Tim Draper, 1517 Fund, MITS Fund, and Partech Ventures.

Why Spotify is Not Doing an IPO

Spotify’s big day is getting closer, as the music-streaming giant kicks off its public listing push with its official Investor Day presentation later today.

The event is scheduled to be livestreamed from around 10 a.m. (Pacific), but ahead of the big broadcast the company has posted videos outlining various aspects of its business, including where it has come from, its business model, and a product overview. This is typical for any company that’s about to go public — after all, it wants to generate interest in its shares. But included in Spotify’s library of videos is a tidbit outlining five reasons why it’s choosing to list directly on the New York Stock Exchange (NYSE), as opposed to following a traditional IPO route.

Senreve Opens First Showroom

Senreve’s new showroom reflects the qualities of its handbags: refined, minimal and functional. The space is designed as a private living room with the signature bags replacing a collection of books on its white shelves

Launched at the end of 2016 by fashion entrepreneurs Coral Chung and Wendy Wen with the Maestra and the Doctor bags, the company has grown quickly in less than two years.