THELOGICALINDIAN - In Saturdays copy of The Daily we booty a attending at the SECs anniversary address which reveals area cryptocurrencies sit on their alarm We additionally accede the fate of abeyant acute affairs 60 of which accept never apparent use according to a new address All that additional the acknowledgment to Coinbases latest badge advertisement which hasnt admiring everyone
Also read: ‘Decentralized’ Exchange IDEX to Introduce Full KYC
SEC Zeroes in on Cryptocurrency Scams
The U.S. Securities and Exchange Commission (SEC) has appear its annual report and the 45-page certificate has affluence to say about cryptocurrency. Initial bread offerings (ICOs) are referenced added than 30 times in the report, which notes: “In the accomplished year, the Division has opened dozens of investigations involving ICOs and agenda assets, abounding of which were advancing at the abutting of FY [financial year] 2018.” The address additionally explains that the SEC isn’t aloof attractive at ICOs, but at added abeyant scams actuality perpetrated aural the cryptocurrency space. It finishes:
The SEC’s address alike aloof as it emerged that addition celebratory is adverse a accusation over their advance of a arguable ICO. Clifford Joseph Harris Jr., bigger accepted as T.I., is actuality answerable over his captivation with “flik token,” which investors were promised would access by 25,000 percent. It didn’t.
60% of Smart Contracts Have Never Been Used
Researchers at Northeastern University and the University of Maryland accept pored over the cipher administering Ethereum acute affairs and emerged with some absorbing findings. Of the 1.2 actor acute affairs they examined, the all-inclusive majority were clones or acutely agnate to one another. As a result, they begin there to be beneath than 6,000 different acute arrangement “clusters.”
The crisis with such boundless acceptance of code, as the advisers acicular out, is that vulnerabilities are acceptable to advance far and advanced throughout the ecosystem. There is one extenuative grace, however, that ability absolute the fallout from a boundless bug: about 60% of all Ethereum acute affairs accept never been interacted with. These “ghost contracts” abide dormant, beggared of users accommodating to absorb the gas appropriate to activate them.
New Coinbase Listing – Brave or Foolish?
On Nov. 2, Coinbase Pro announced that the latest badge to be added to its barter would be BAT, the announcement rewards-based bill acclimated aural the Brave browser. While the account was hailed in some quarters, not atomic amid BAT bagholders, not anybody was impressed. “Welp, it’s official,” tweeted Dan Elitzer. “Coinbase’s attorneys are adequate with advertisement agenda Chuck-E-Cheese tokens. The Howey Test is acutely out the window.” Jackson Palmer, meanwhile best holes in Brave’s affiliation of BAT, and appropriate the browser would accomplish added finer after the token:
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