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 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.
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.
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.
According to a recently published letter…