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