The latest crypto news is jam-packed with industry updates and announcements. Most notably, Ethereum founder Vitalik Buterin announced a new blockchain project called EOS. The purpose of this new platform is to enhance the functionality of blockchain technology by making transactions more quickly and allowing for more scalability. Another major development was the announcement that bitcoin cash is now supported by Coinbase. This means the new coin can be purchased, sold, and traded within the company's ecosystems. Lastly, a report came out that implies ICOs (Initial Coin Offerings) may be entering a bubble. Even while this data is not definitive, it does raise red flags and warrants cautiousness from investors.
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