SEC pressure on ICOs puts perceptions of T-zero in jeopardy

Leo Zhang

By Leo Zhang

As reported yesterday, the SEC has issued dozens of subpoenas to companies involved with ICOs. TZero, a high-profile $250 million token sale launched by Overstock Founder Patrick Byrne, is among the projects under investigation. The share price of Overstock.com dropped 10 percent on the news.

News

SEC investigates Overstock token sale, shares slide
(Reuters, by Gertrude Chavez-Dreyfuss)

"The U.S. Securities and Exchange Commission is investigating Overstock.com Inc's (OSTK.O) sale of cryptocurrency to investors, the online retailer said in a filing on Thursday, sending it shares lower by as much as 10 percent."

L.A.'s real estate industry enters the age of bitcoin
(Los Angeles Times, by Jack Flemming Phillip Molnar)

"Already, a handful of bitcoin-seeking luxury real estate listings have popped up around the country, and experts predict the digital currency could grow to be a viable means of home buying."

Binance reduces 50% of BTC withdrawal fee

Commentary

The bullish case for Bitcoin (part 4 of 4)
(Medium, by Vijay Boyapati)

"Although the common criticisms of Bitcoin found in the media and economics profession are misplaced and based on a flawed understanding of money, there are real and significant risks to investing in Bitcoin. It would be prudent for a prospective Bitcoin investor to understand and weigh these risks before considering an investment in Bitcoin."

The SEC's uneven cryptocurrency crackdown
(Bloomberg, by Stephen Gandel)

"Yet Reg A+ deals don't seem to be a better bet than ICOs. In fact, they seem worse so far. Of the 10 Reg A+ deals that have been launched in a little over the past two years, only one has gone up in price. The rest have all lost value, some as much as 75 percent. And it's a market that contains some questionable operators."

An apocalytic Paul Tudor Jones warns the Fed is about to lose control
(Zerohedge)

"In a striking interview with Goldman's Allison Nathan, legendary trader Paul Tudor Jones argues that US inflation is set to accelerate sharply, making bonds a very poor investment, and that the Fed must act swiftly to tackle financial bubbles created by prolonged monetary easing."

Oil's boom-and-bust cycle may be over. Here's why
(Harvard Business Review, by Saji Sam, Juan Trebino, Bob Orr, Robert D. Petersen)

"To match the new environment of constant, low-grade volatility in both prices and supply, producers and consumers of oil may need to re-evaluate assumptions and continuously adjust their strategies."

Technical

Ethereum's smart contracts are full of holes
(MIT Technology Review, by Mike Orcutt)

"Technologists are just beginning to figure out how to design them so they can be relied on not to lose people’s money, and—as a new survey of Ethereum smart contracts illustrates—security researchers are only now coming to terms with what a smart contract vulnerability even looks like."

Blockchain technology with Andreas M. Antonopoulos (Part 1)
(Case-Podcast)

"In the first episode of a two-part interview, Stefan Tilkov talks to Bitcoin and cryptocurrency expert Andreas M. Antonopoulos about the Bitcoin system’s technical foundation and architecture. Andreas addresses common questions about Bitcoin’s usefulness, scalability, and energy consumption."

23,000 HTTPS certificates axed after CEO emails private keys
(arstechnica, by Dan Goodin)

"When Rowley asked for proof the certificates were compromised, the Trustico CEO emailed the private keys of 23,000 certificates, according to an account posted to a Mozilla security policy forum. The report produced a collective gasp among many security practitioners who said it demonstrated a shockingly cavalier treatment of the digital certificates that form one of the most basic foundations of website security."

50GB of data left exposed on Amazon S3 bucket by analytics firm Birst
(TechRepublic, by James Sanders)

"Configuration data was placed in an unsecured Amazon S3 bucket by the business analytics software firm Birst, according to security researchers at UpGuard. On January 15th, UpGuard detected the unsecured bucket—which contained IP addresses, administrative credentials, passwords, and private keys."

Lightning developer Alex Bosworth comments on centralized tokens

Updates

Monero made an announcement to clearly define Core Team's role and responsibilities. Monero Blog

Decred graphic shows public dev activity for February across selected software repos on Github.

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