Crypto Week in Review: GlobalCoin Revealed as Bitcoin (BTC) Continues to Rise

‘DodgeBall: A True Underdog Story’ (2004) / Fox

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 ?

Grayscale Gains Regulatory Approval to List Its Ethereum Trust (ETHE)

Grayscale Investments, a digital asset management firm founded by Digital Currency Group, announced Thursday that it has received FINRA approval to list its Grayscale Ethereum Trust (ETHE) on the OTC markets.

According to the announcement, ETHE will represent the third publicly tradeable investment product by Grayscale, joining both Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Classic Trust (ETCG).

You Can Now Pay Your AT&T Bills Using Cryptocurrency

AT&T (T) announced this week that users will be able to pay using cryptocurrency on AT&T’s website or through its myAT&T app.

The announcement doesn’t specify which cryptocurrencies it will accept, but based on the list of supported currencies on BitPay’s website, Bitcoin, Bitcoin Cash, Gemini USD, Paxos, and USD Coin will all likely be supported.

Report: Facebook (FB) to Launch ‚ÄėGlobalCoin‚Äô Cryptocurrency in Early 2020

Facebook (FB) is reportedly planning to launch its cryptocurrency, now dubbed GlobalCoin, in 2020.

According to a recent report by BBC News, the social media giant plans to begin testing the new crypto by the end of 2019 with plans to launch in the first quarter of 2020.

Binance Confirms Margin Trading Coming ‘Soon’: Report

Binance has confirmed it will be launching margin trading after the exchange ‘accidentally’ tweeted images showing the service was in development.

Binance posted screenshots of its platform in dark and light modes, which clearly showed margin trading functionality on the testing version of the exchange.

The price of Binance Coin (BNB) has benefited as a result.

Coinbase Adds Support for Dai (DAI) on Its Retail Platform

San Francisco-based crypto exchange¬†Coinbase officially listed Maker’s (MKR) stablecoin Dai (DAI) on its retail trading platform on Thursday.

Coinbase now supports DAI on the main website, as well as the Android and iOS apps. The exchange notes that while investors in the United States can now freely buy and sell the stablecoin, investors in New York will have to wait until Coinbase receives regulatory approval in the jurisdiction.

Ethereum (ETH) May Take a Major Step Toward Privacy

Ethereum (ETH) creator Vitalik Buterin thinks privacy is a missing ingredient of the largest smart contract-driven blockchain ecosystem.

In a blog post this week, Buterin broke down the current state of transactions on the Ethereum blockchain and what he believes can be done to improve user anonymity.

Crypto Startup to Conduct Major Share Buyback, the startup behind the EOS blockchain ecosystem, is offering to buy back 10% of its stock, at a valuation of about $2.3 billion.

According to a¬†recent report¬†by Bloomberg,’s current valuation is roughly 6,567% higher than its seed round valuation, meaning investors have the option to exit with a significant return.

Video of the Week ?

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Market Movers ?

Bitcoin Hits New Yearly High Over $8,900 ‚Äď Are Double Digits Imminent?
Binance IEO Coins See Massive Surge in Investor Interest
TRON (TRX) and BitTorrent Token (BTT) Pump on Justin Sun Teaser

More Headlines ?

Robinhood in Talks to Raise at Least $200 Million at a Valuation North of $7 Billion
Hashed Leads $2.5 Million Round for Blockchain Gaming Startup Pixowl
Fantom (FTM) Becomes the Latest Project to Join Binance Chain
Fake Cryptocurrency Apps on Google Play Try to Profit on Bitcoin Price Surge
Crypto Fever: Binance Sees Higher Order Volumes Than 2017 Bull Run
OKEx May Be Considering Listing Fantom (FTM)
JPMorgan Report Likens Bitcoin (BTC) Price Action to 2017 Rally
Hollywood Producer Raises $100 Million for Media-Focused Security Token
BitMEX’s Insurance Fund Now Has Over $200 Million in Bitcoin (BTC)
Bitcoin Cash Miners Undo Attacker‚Äôs Transactions With ‚Äė51% Attack‚Äô

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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