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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:

Japanese Tech Giant Recruit Reveals Investment in Privacy Coin Beam (BEAM)

Recruit, the owner of, announced this week that it has completed an investment in Beam Development Limited, the company behind Beam (BEAM).

Recent Filing Reveals Bitmain Lost $500 Million in Q3 2018

The financials at crypto mining giant Bitmain aren’t looking too pretty according to an updated filing with the Hong Kong Stock Exchange that shows the company lost about $500 million in the third quarter of 2018.

According to a report by CoinDesk that cites the non-public filing, Bitmain earned roughly $500 million in the first 9 months of 2019 with over $3 billion in revenue.

$8 Billion Coinbase Faces Backlash for Latest Acquisition

Coinbase announced Tuesday that it has acquired Neutrino, a blockchain intelligence platform, for an undisclosed amount.

Neutrino’s CEO, Giancarlo Russo, formerly worked as Chief Operating Officer for HackingTeam, the government security contractor that was famously hacked in 2015. Documents leaked by the HackingTeam attackers showed that the company willingly aided repressive governments including Saudi Arabia, who wanted to buy the company.

This has prompted a significant backlash from the crypto community, as many see this as a serious risk to user security and privacy.

🚀  Project to Watch:, A Next-Generation Blockchain Trading Platform
Bitbond Receives German Regulatory Approval for Its STO

Bitbond, a Stellar-based blockchain startup that provides business loans, announced this week that it has gained German regulatory approval to conduct a security token offering (STO)…

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