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’s 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 ‘Eventually’
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’ve 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 ‘Passes the Torch’ 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.