Crypto Week in Review: It’s Beginning to Look Like Altcoin Season


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:

Coinbase Custody launches staking support for Tezos, MakerDAO governance to follow

Coinbase announced Tezos (XTZ) baking for Coinbase Custody clients. This was the first full-service, regulated, comprehensively-insured, and 100% offline staking provider in crypto. In the coming weeks, Coinbase will add governance support for the Maker (MKR) protocol.

Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

South Korean crypto exchange Bithumb has had around $13 million in EOS stolen in a hack it suspects was an insider job.

The company confirmed in¬†a statement¬†on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29.

The exchange suspended asset withdrawals and deposits on the platform after noticing the breach.

Some reports have the total stolen as high as $20 million.

Tron CEO Sun to Give Away Two Teslas After Bungling Promotion

Justin Sun, the founder of one of the largest digital tokens, is awarding two Teslas instead of one after a mishandled promotional giveaway caused an uproar in the crypto community.

Pantera Capital’s Third Blockchain Venture Fund Nears $175 Million Goal

According to a recently published letter, Pantera has raised a total of $160 million and anticipates to complete the fundraising in the next month. The firm also noted that it has started to deploy the capital.

‚ÄėRussian Facebook‚Äô VK Wants to Turn its 100 Million Users into Crypto Fans

VKontakte (also known as “VK”), which is Russia’s version of Facebook, is planning to issue its own cryptocurrency. The project is currently under development, but a final decision has not yet been made.

The social media firm wants to create a cryptocurrency that all its users can implement, according to Russian news website RNS.

Bitmain Says IPO Application Was Allowed to Expire on Purpose

Speculation ran rampant after an update on the Hong Kong Stock Exchange (HKEX) website showed that the IPO application of Chinese crypto mining giant Bitmain has expired.

In response, Bitmain published a blog post on Tuesday where it explained the application expiration was purposeful as the company wants to continue focusing on product development and its customers in 2019 while the crypto market continues to mature.

Japan’s Largest Railway Company Considers New Crypto Payment System for Transport Cards

Kazuhiro Tokita, representative director, board member and president at Japanese cryptocurrency exchange DeCurret, unveiled a new cryptocurrency payment system during a business presentation in Tokyo on March 27. Cointelegraph Japan reported on the presentation.

Martin Weiss on Weiss Ratings’ New Data-Driven Crypto Ratings

Weiss Ratings, an independent rating firm for stocks, mutual funds, cryptocurrencies, ETFs and financial institutions, has made another major push into the digital assets space with its new data-driven rating system.

Twitch Removes Crypto Payment Option for Subscriptions

BitPay and Coinbase previously enabled users to subscribe to partner channels with major cryptocurrencies, including Bitcoin (BTC) and Bitcoin Cash (BCH).

Video of the Week:

7-Day Market Performance (Powered by AltDex):

  • Top-100 Index (ALT100): 4.3%
  • Exchange Token Index (ALTEXC): 4.8%
  • Privacy Coin Index (ALTPRV): 8%
  • Masternode Index (ALTMSN): 22.3%

Market Movers:

21 Altcoins Doubled in Price in the First Quarter
Here’s Why Bibox Token (BIX) Is Up Over 200% This Month
NEO (NEO) Price Breaks Through $10 in Late Week Rally
KuCoin Shares (KCS) Have Quietly Gained 190% This Month

More Headlines:

Bitcoin Rally Coming: Crypto Bear Market Ended in Jan 2018, Says Analyst
Yahoo Finance Bumps Cardano Creator for More Lyft IPO Coverage
Nexo (NEXO) Adds Litecoin (LTC) as a Collateral Option
Animoca Brands Partners With Formula 1 to Develop a Blockchain Racing Game
Cred Now Offers 8% Interest on Stablecoin TrueUSD (TUSD)
Mythical Games Launches Closed Alpha for New EOS Digital Asset Standard
Trust Wallet Adds 5 New Altcoins Including Stellar (XLM) and Kin (KIN)
CoinMarketCap Responds to Bitwise’s Fake Trading Volume Report
eToro Lists TRON (TRX), Acquires Danish Blockchain Startup Firmo
Beaxy Begins Accepting Public Beta Sign-ups
Robinhood Launches ‚ÄėDigestible‚Äô Newsletter After Acquihiring MarketSnacks

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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