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News Bytes for May 1, 2018

Welcome to news Bytes with BlockExplorer, your daily cryptocurrency news roundup. Today we will discuss Caltech using Blockchain technology to share research data, Morgan Stanley moving into the crypto market, the FTC holding a ‘crypto scam’ workshop, and Oscar Mayer launching ‘Bacoin’.

Caltech Uses Blockchain Tech to Share Cell Biology Research with Public

Caltech’s Jensen Lab has announced a new initiative using blockchain technology that allows cellular biologists to share their research with other academic institutions as well as the general public.

Morgan Stanley Allegedly Accelerating Move in to Crypto Market

Big brokerage firms are racing to start trading cryptocurrencies. Insiders share Morgan Stanley may be trying to beat them all to the punch, creating a specific desk for institutional traders, ICOs, and arbitrage quickly.

Federal Trade Commission Holding ‘Decrypting Cryptocurrency Scams’ Workshops

The FTC is launching a crypto workshop in hopes to protect consumers using new financial technologies, according to their press release. The free June 25 workshop will be held at DePaul University in Chicago, and the event will also be available over a webcast.

Oscar Mayer Launches Cryptocurrency for Bacon— Enter Bacoin

To file in the “Because. Bacon.” category this week, hot dog maker Oscar Mayer has launched a cryptocurrency called Bacoin, redeemable for packs of bacon. It’s “the first ever cryptocurrency backed by the gold standard of Oscar Mayer bacon,” the company declares in their press release. Oscar Mayer also warns that, “similar to other cryptocurrencies, the value of bacoin can be volatile.”