ICYMI: Crypto Week in Review (February 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:

Facebook (FB) Quietly Makes Its First Blockchain Acquisition

Facebook (FB) has made its first acquisition in the blockchain space, purchasing the team behind Chainspace, a small blockchain startup founded by researchers from University College London.

Four of the five researchers behind Chainspace’s¬†whitepaper¬†are joining Facebook‚Äôs blockchain group, with two already listing Facebook as an employer on LinkedIn.

Kraken Acquires Crypto Derivates Startup for at Least $100 Million

Kraken¬†announced Monday that it has acquired¬†Crypto Facilities, a London-based regulated crypto trading platform and index provider, in a “nine-figure deal.”

According to the¬†announcement, Crypto Facilities was the first regulated entity to list futures for Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Litecoin (LTC) and Bitcoin Cash (BCH).¬†With the acquisition, Kraken will now offer clients access to futures markets for the six crypto pairs, complementing the exchange’s current spot and white-glove OTC service.

SEC Commissioner Says Bitcoin ETF Will Be Approved ‚ÄėEventually‚Äô

Robert J. Jackson Jr., in an interview published by government-focused news source Roll Call on Wednesday,¬†said: “Eventually, do I think someone will satisfy the standards that we‚Äôve laid out there? I hope so, yes, and I think so.”

Abra Unveils Bitcoin-Based Stock and ETF Investing for 155 Countries

Abra, an all-in-one cryptocurrency wallet and trading platform, sent shockwaves through the fintech community on Wednesday when it announced that it will soon be adding stock and ETF investing to its platform.

According to the new landing page, investors will soon be able to use Bitcoin to invest in stocks and ETFs from anywhere in the world with 155 different countries supported.

Jack Dorsey ‚ÄėPasses the Torch‚Äô in the Bitcoin Lightning Network Trust Chain

Twitter CEO Jack Dorsey has long been one of the most vocal supporters of Bitcoin in the traditional tech world.

This support was taken to new heights on Tuesday when Dorsey participated in the ongoing Lightning Network Trust Chain, a community-driven initiative started by hodlonaut to build awareness around the Lightning Network and help expand its capacity.

Huobi US Launches USD Trading Pairs for Bitcoin, Ethereum and Tether

Huobi US, the crypto exchange formerly known as HBUS, has announced the launch of U.S. dollar trading pairs.

Customers can now make USD deposits and withdrawals ($100 minimum), and trade against Bitcoin, Ethereum and Tether (USDT). To open a USD wallet, customers must pass level 2 verification and create an account with Prime Trust.

Basic Attention Token (BAT) Jumps 13% on Coinbase Earn Addition

Basic Attention Token (BAT), the token associated with the Brave browser, now has its own dedicated page with educational lessons and interactive tasks centered around learning about the ERC-20 token on Coinbase Earn.

Crypto Exchange ErisX Adds Execs From Barclays, YouTube and BATS

Back in December, ErisX, a regulated crypto derivatives exchange that plans to offer digital futures and spot trading, announced the closing of a $27.5 million Series B from major financial institutions and cryptocurrency companies, including Nasdaq Ventures, Fidelity, ConsenSys and Bitmain.

The exchange hasn’t wasted any time deploying the new capital, as ErisX¬†announced¬†today the hiring of 3 executives this week with pedigrees spanning Barclays, YouTube (GOOGL) and BATS Global Markets (CBOE).

Video of the Week:

More Headlines:

CryptoMedication Accuses The Block of Plagiarism
What Monero’s Ric Spagni Thinks About Privacy And Money
Binance CEO Wants to Partner With Ripple to Use xRapid, Eventually
Litecoin (LTC) Rallies 30% After Announcing Beam (BEAM) Collaboration
Software Engineer Loses Life Savings in QuadrigaCX Disaster
KuCoin Adds Credit Card Purchases for Bitcoin, Ethereum, Litecoin and XRP
Tippin.me Teases Bitcoin (BTC) Lightning Network Tip Button for Twitter

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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