The cryptocurrency market never closes, and the industry itself is growing faster than ever. This means there’s more breaking news, and more vital information emerging than ever before. This Week in Crypto is Covesting’s weekly news recap aimed at providing the most complete coverage across the cryptosphere.



Coinbase is Exploring a Bitcoin ETF with BlackRock

San Francisco-based cryptocurrency exchange Coinbase has reportedly been in discussions with global asset management firm BlackRock to gain their assistance and expertise around potentially launching a Bitcoin exchange-traded fund (ETF).

Bitcoin ETFs have repeatedly made headlines throughout August and September, as the cryptocurrency market watches and waits to see if the United States Securities and Exchange Commission will approve the first-ever Bitcoin ETF.

A number of Coinbase competitors have proposals pending approval with the SEC currently. Coinbase likely began considering a Bitcoin ETF both to bolster its product offerings and to ensure their competitors do not gain an advantage.

79% of All Americans Have Heard of Cryptocurrency

A new survey conducted by YouGov discovered that 79% of all Americans have heard of at least one type of cryptocurrency, with 71% saying they have heard of Bitcoin. Of the group that heard of Bitcoin, a whopping 87% had not yet purchased, mined, or otherwise obtained the leading cryptocurrency.

Millennials are particularly drawn to cryptocurrencies, with as much as 50% of all millennials polled are interested in using crypto as a primary means of transacting.

Also mentioned in the survey, was Ethereum, which only 13% of all respondents had heard of. Ethereum reached a new 2018 low of $210, this week.

Walmart Begins Selling Chocolate Candy Bitcoins

Retail giant Walmart has reportedly begun selling Bitcoin chocolate candies. These delicious Bitcoins retail for the stable price of $1, and are wrapped in gold-foil.

The retail end cap full of candy Bitcoins was spotted by Redditor u/TheKayleMain.

Goldman Sachs Ditching Plans for Crypto Trading, Or Are They?

Early in the week, Business Insider ran a rumor from an anonymous source, saying that Goldman Sachs had ditched plans to launch a crypto trading desk in the near future. Rumors have been circulating since late 2017 that the Wall Street bank was exploring such a platform.

However, while speaking at TechCrunch’s TCDisrupt conference, the company’s CFO Marty Chavez called the report “fake news.”

Houston Rockets Owner Begins Accepting Crypto at His Luxury Car Dealership

Billionaire Tilman Fertitta, owner of the Houston Rockets, has begun accepting payments in cryptocurrencies at this luxury car dealership in Houston, Texas.

While crypto is often associated with “Lambos,” Fertitta’s dealership only sells competitor supercars Bentley, Bugatti, and Rolls-Royce. Crypto holders can spend their Bitcoin and Bitcoin Cash to buy one of Post Oak Motor Cars’ luxury vehicles.