Market Analysis Report (17 May 2018)

SEC Launches its Own Fake ICO to Warn Investors

Yesterday, the US Securities and Exchange Commision (SEC) announced a new initiative to educate investors about fraudulent ICOs. The regulator has launched its own ICO (HoweyCoin) with a complete website showcasing the ICO pre-sale, team and whitepaper. However, the HoweyCoin is fake and the users who try to participate in the sale are redirected to the SEC’s educational website, which reads:

“If You Responded To An Investment Offer Like This, You Could Have Been Scammed – HoweyCoins Are Completely Fake!”

Read more here

Amazon has Partnered With Ethereum Studio ConsenSys’ Kaleido

Amazon has partnered with blockchain incubator ConsenSys, an Ethereum-based cloud platform. With this partnership, Amazon aims to make the blockchain technology more accessible to customers of Amazon Web Services allowing them to build and manage their own blockchain platforms in an easy way. The company stated:

“Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves.”

Read more here

Investment Platform Etoro Launches in the US

Last Tuesday, investment platform Etoro announced it’s expanding its services into the US market, starting with an offer of 10 cryptocurrencies. The company’s CEO, Yoni Assia, said:

“The launch will initially enable U.S.-based users to invest in 10 cryptocurrencies, with more to be added throughout 2018. Users will have access to a community feed and tools, letting them engage in conversations about cryptocurrencies and follow the investment strategies of other U.S. users.”

Read more here

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