HoweyCoins, Pumping USD, and Bytecoin's Razor

I'm not a huge fan of government regulation, but today I love the SEC. You'll see why in a minute. What I'm not real fond of are claims made that turn out not to be based on anything. Of course, you could argue that a lot of the crypto ecosystem fits that description. I won't argue. While there is a lot of garbage, there is also a lot to celebrate--and, thankfully, there's more every day. So, without further ado, let's celebrate.

Crypto News

So here's why I'm in love with the #SEC today. When they want to drive a point home, they really take the wheel and step on the gas. That's what they did recently when they set up a fake ICO website called HoweyCoins just to teach unsophisticated #investors a lesson. Here's the lesson: Do some due diligence. Don't just buy into every claim you see.

If you've ever said to yourself, "Gee, I'd like a Bitcoin savings account." Well, now you can rest easy because LedgerX is setting one up for you.

Funds, funds, and more funds. Do we need another fund? IronChain thinks we need two more, and they're both crypto index funds designed to track the 10 largest cryptocurrencies. That's actually a pretty good idea.

Coinbase is at it again. They want to introduce low-latency performance and co-location services for trading firms. Nice.

One development that deserves some praise is a partnership between Clearmatics and Axoni where they've shown how a financial derivative can be issued with a smart contract and traded across chains. Bazinga! Wow, nice shot.

Speaking of smart contracts, Parity now supports them encrypted. Cool.

Crypto Analysis

It's become pretty routine for coins listed on #Binance to sharply rise following the listing. But a #stablecoin is supposed to be stable, isn't it? Well, recently, Binance listed TrueUSD and it got super-excited, like a szhizoid jack rabbit on uppers.

Meanwhile, do you know how much energy Bitcoin consumes? Evidently, it's a lot. (There's got to be a limerick in there somewhere.)

We all know Litecoin's been heading south lately. Nevertheless, you've got to see this graph.

And you'll love this read on #cryptocurrencies and the power industry.

And this report on the evolution of malware to exploit cryptos.

But I actually think this report on data security trends is even more telling.

And Bytecoin, what are we to make of it? Schizophrenic? Fraud? Or just a bad mistake?

These and many more awesome reads are a part of today's Blockchain Times daily digest. As you know, I'm not compensated by any of the companies listed in this post. I do hold some Bitcoin and Litecoin through the Coinbase exchange, but I have no biases. I'm simply an #editor, albeit a paid one, for Blockchain Times. But I'm sure you can make up your own mind.

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