Crypto Week in Review: Don’t Get on CZ’s Bad Side
Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets.
Top Headlines This Week ?
The biggest news this week was arguably the launch of Binance Chain, the new blockchain platform that will fuel Binance’s decentralized exchange (DEX) and other major initiatives.
As a result of the launch, Binance Coin (BNB) became the first large-cap cryptocurrency to surpass its 2018 highs.
The blockchain division of global social trading platform eToro has launched a cryptocurrency exchange for pro traders. eToroX claims to be a secure and fully regulated trading venue. The platform currently offers 37 trading pairs, with the ability to convert 6 cryptocurrencies to fiat.
Cryptocurrency exchange Gemini announced Monday that it has added “full” support for SegWit, an important bitcoin code change that paves the way for scaling improvements.
While many bitcoin companies have adopted SegWit to some degree, Gemini is unique in that it’s the largest bitcoin exchange thus far to roll out support for “native SegWit addresses,” a newer type of bitcoin address which helps to scale the cryptocurrency even further but has been adopted to a lesser degree.
Tencent (TCEHY) reportedly launched its first blockchain-based video game in China. Let’s Hunt Monsters is an iOS game that combines the AR hunting mechanics found in Pokémon Go with the blockchain-based collectibles functionality.
Japanese internet giant Rakuten has begun letting prospective users of its Rakuten Wallet cryptocurrency exchange open accounts, according to Cointelegraph Japan.
Rakuten, which plans to launch the exchange in June, now offers online registration for traders, all of whom need a Rakuten user ID and associated bank account to complete the process.
GoChain (GO), a blockchain platform that claims 1,300 transactions per second, announced Monday that it has officially signed Dish Network (DISH) on as its first enterprise node signer on its public mainnet.
Coinbase was available in 42 countries around the world before today — mostly in North America, Europe, Australia and Singapore. This week, the company expanded into 11 countries in Latin America and South East Asia with crypto-to-crypto transactions.
Dubbed the “Forbes Blockchain 50,” the list includes some of the largest companies currently leveraging blockchain technology, in addition to a number of companies that may have flown under the radar for anyone but crypto-enthusiasts.
According to the candidate’s summary page, Yang sees the current state of federal and state crypto regulations as having a chilling effect on the US digital asset market. Yang goes as far as to call the New York BitLicense an onerous piece of regulation.
The Blockchain Game Alliance, a coalition of gaming and blockchain companies set on bringing blockchain technology to the gaming industry, announced Friday that it has launched its first technical working group, which is focused on digital asset metadata standardization.
Video of the Week ?
7-Day Market Performance ?
- Top-100 Index (ALT100): 0.10%
- Exchange Tokens (ALTEXC): 11.58%
- Privacy Coins (ALTPRV): 0.92%
- Masternodes (ALTMSN): -1.38%
Market Movers ?
More Headlines ?
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.