Crypto News Round-up For the Last Week of May 2018
Here is a crypto news round-up for May 21st – May 30th 2018 to get you caught up on everything happening in the crypto space.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Circle Working on a Stablecoin (this is a Big Deal)
The crypto company Circle is working on a new ERC-20 based stable coin called “Circle USD Coin” (USDC). USDC Investors include the mining giant Bitmain. Circle investors include the investment banking giant Goldman Sachs.
SEC Launches Fake ICO “HoweyCoins,” For Educational Purposes
The SEC launched a fake ICO called “HoweyCoins” to help investors understand what an ICO scam looks like. HINT: Phases, bonuses, and guaranteed returns are red flags to watch out for.
Ethereum Classic Difficulty Bomb Fork (May 2018)
Ethereum Classic is doing a fork in May to remove a difficulty bomb that would essentially stop new ETC from being created down the road. No new coins are created from this fork, it is just a software update. The fork will occur at block 5,900,000.
Coinbase Announces Coinbase Prime
Coinbase has announced Coinbase Prime, a Coinbase service that caters to institutional investors in the cryptocurrency space.
Early Reports Suggest the UpBit Investigation is a Non-Issue
Early reports suggest that the investigation into the popular South Korean exchange UpBit will end up being mostly unwarranted.
CoinDesk’s Consensus Record Turnout and What You Need to Know
A three day annual crypto event, CoinDesk’s “Consensus” Conference, kicked off today with a record turn out. Here is what you need to know (including a list of coins being represented at consensus).
The San Fran Fed Blames Crypto Crash on Bitcoin Futures
Federal Reserve Bank of San Francisco published an analysis of Bitcoin prices and the crash of 2017 – 2018, pointing to Bitcoin futures as the main catalyst for the crash.
South Korea’s Biggest Cryptocurrency Exchange Upbit Raided
A few sources have reported that South Korea’s biggest cryptocurrency exchange Upbit was raided for alleged fraud.
Rumor Has it Facebook is Working on Cryptocurrency and Blockchain
Facebook is working on seeing how they can integrate blockchain technology and there is a rumor they are considering a token.