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.
Dear Tom Lee, Your Consensus Rally Prediction has Not Failed Yet
For some reason the media narrative is that the post-Consensus crypto rally did not occur, Tom Lee even agreed. I disagree that we can make that claim yet.
A Few Crypto Scam Red Flags to Watch Out For
The cryptocurrency space is full of scammers. Here are a few red flags to watch out for to help you avoid the scams.
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.
Mt. KillYourPortfolio is Erupting… Again
Looking at Bitcoin’s price chart, it appears Mt. KillYourPortfolio is erupting yet again. This marks the third time an eruption has occurred since Bitcoin’s all time high.
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.
The Last Day of CoinDesk’s Consensus is Upon Us, Will Crypto Rally Soon After?
Today is the last day of CoinDesk’s Consensus 2018. Thomas Lee and others have pointed out that crypto rallies tend to occur after Consensus each year.
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.