ICYMI: Crypto Week in Review (March 10, 2019)


Each Sunday, we breakdown the most important news from the past week for SludgeFeed Premium members with key takeaways you might’ve missed.

Top Headlines This Week:

Fidelity Rolls Out Bitcoin (BTC) Custody for Select Clients

Financial services giant Fidelity Investments started rolling out its Bitcoin (BTC) custody service to a limited number of clients this week.

According to the announcement, select eligible clients will be able to access the custody as Fidelity continues to build out its technical and operational standards that institutions would come to expect from the firm.

Tether (USDT) Announces TRON (TRX) Blockchain Expansion

The world’s largest stablecoin, Tether (USDT), is expanding beyond the Bitcoin-based Omni protocol and Ethereum (ETH) blockchain to join the TRON (TRX) network.

According to the announcement, the new TRC-20-based USDT will enable interoperability between TRON-based protocols and decentralized applications while enabling users to transact with fiat pegged currencies across the TRON network.

eToro’s Crypto Offerings Are Officially Available in the United States

Tel Aviv-based eToro has finally expanded to the United States, bringing its crypto trading platform and wallet that is already available in 140 countries.

The U.S. roll-out only includes eToro’s cryptocurrency offerings, with plans to add traditional asset classes over the next year. Investors in 30 states and two territories can now store and trade digital assets like Bitcoin, XRP (XRP) and Zcash (ZEC).

Facebook Blockchain Job Openings Top 20 Amid Staffing Spree

Facebook’s careers website now lists 20 job openings related to blockchain in a wide range of areas, including: technology communications director, threat investigator, data scientist, two product managers and a product designer, brand strategy and marketing managers, community, media and web manager, engineers, various UX researchers and other roles.

Coinbase Caves, Will ‘Transition Out’ Employees Who Worked for Hacking Team

Coinbase has faced the wrath of the crypto community since announcing the acquisition of blockchain analytics firm Neutrino for an undisclosed amount last month.

The major cause of contention was that members of Neutrino previously worked for the Hacking Team, which was caught selling surveillance software to governments with atrocious human rights records in the past.

Following a weekend of intense criticism, Coinbase CEO Brian Armstrong published a Medium post early this week announcing that those individuals who previously worked at Hacking Team will “transition out of Coinbase.”

Bitcoin Private Team Accuses Crypto Exchange HitBTC of Fraud After Delisting

Bitcoin Private (BTCP) developers accused cryptocurrency exchange HitBTC of acting in a fraudulent manner in regards to their delisting from the exchange after the altcoin reportedly paid $500K for the listing.

Binance CEO Says Exchange Doesn’t Consider XRP a Security

Binance CEO Changpeng Zhao continued his push toward transparency with an AMA this week where he covered everything from decentralized exchanges to the Binance ecosystem.

Perhaps the most notable statement was related to the current status of XRP, the cryptocurrency created by Ripple that many believe should be classified as a security.

CZ touched on the subject in response to the question, “Do you have any announcement for XRP?”, noting that the crypto ecosystem is very unforgiving when it comes to opinions on XRP, one way or the other.

“It’s very typical in our society that as soon as there is any accusation against you, you’re assumed guilty by many parties,” said CZ. “Our judgment is they’re not, and until proven that they are, we listed them, and luckily we dragged other exchanges to list them.”

U.S. Seafood Giant Bumble Bee Foods to Use SAP Blockchain Tech in Supply Chain

North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech giant SAP, according to a press release on March 8.

Video of the Week:


7-Day Market Performance (Powered by AltDex):

  • Top-100 Index (ALT100): 2.88%
  • Exchange Token Index (ALTEXC): 24.98%
  • Privacy Coin Index (ALTPRV): 0.77%
  • Masternode Index (ALTMSN): 4.05%

Market Movers:

Fetch.AI’s (FET) Post-Binance Launchpad Sell-Off Continues
Enjin Coin (ENJ) Surges Another 70% as the Good News Continues to Roll In
Kyber Network (KNC) Price Jumps Over 50% in Saturday Breakout

More Headlines:

Bitcoin Has a Branding Problem — It’s Evolution, Not Revolution
Lightning Network Wallet App Tippin Continues to Gain Users
Coinbase Reportedly Wants to Add Staking to Its List of Offerings
TrustToken Announces Real-Time TrueUSD Fund Monitoring and 1-Click Redemptions
NEM (XEM) Announces Its First Venture Capital Investment
WAX Teams up With NantG to Boost the Relaunch of Z1 Battle Royale
Enjin’s (ENJ) Blockchain SDK Is Coming to the Unity Game Engine
Brave Browser Begins Paying Select Users BAT for Viewing Ads

Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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