Japan’s biggest bitcoin exchange Coincheck has been receiving “hundreds of requests” from Chinese startups to list their tokens following China’s blanket ICO ban. Tokyo-based Coincheck, Japan’s largest bitcoin exchange by trading volume, is being inundated with requests from Chinese companies for token listings on its exchange. Initial coin offerings, or ICOs, are a radical new form of...
China’s blanket ban on initial coin offerings may have made it illegal for startups to hold initial coin offerings (ICOs) and for investors to contribute to them, but it has not quashed excitement among investors for crypto token investments. Chinese ICOs continue to operate, but now they do so from the shadows. ICO investing seminars hosted in mainland China used to attract hundreds of investors...
China’s official press agency issued a statement condemning virtual currency as a tool used by the criminal underworld to evade government prosecution. The agency stated that regulators must take a hardline stance against cryptocurrency usage to prevent crime, although some of the regulations it proposed seemed to hint at potential future licensure for bitcoin exchanges. As first reported by...
ICO's raised a record rate of $797 million in the second quarter of 2017, according to CoinDesk's State of the Blockchain report. Combined with Q1 2017's rates, initial coin offerings were funded by $1.13 billion in the first half of the year. One of the main findings of the report was a comparison between two funding methods. While venture capital (VC) scored a total of $235 million in Q2 2017...
The crypto markets took a bearish turn on Wednesday, as 98 of the top 100 cryptocurrencies experienced price decreases. The ethereum price was not immune to this movement, and it has pulled back to a two-month low. Ethereum Price Plunges to Two-Month Low The etheruem price was expected to increase leading up to the release of Metropolis, its latest protocol upgrade. The first phase of this...
Qtum price rose 60% this week ahead of its September 13 main network release and ERC20 token swap. This rally, which followed last Monday's China ICO ban sell-off, enabled Qtum to post the best 7-day performance of any top 20 cryptocurrency. Prior to China's ICO ban announcement, the Qtum price had soared, raising the token's market cap above $1 billion. When the crash came, it decimated Qtum...
This week was a turbulent one for the crypto markets, with the total cryptocurrency market cap shedding $20 billion amid Chinese regulatory uncertainty. The bitcoin price ended the week with an 8% decline, while the ethereum price posted a double-digit dip. Leading into Saturday, 96 of the top 100 cryptocurrencies experienced single-day retreats, although the past hour shows signs of a possible...
The NEO price surged 50% on Thursday following its listing on bitcoin exchange Bitfinex. NEO is now trading above $30, despite the fact that the China ICO ban remains in full force and the startup has begun issuing refunds to ICO contributors. NEO Price Surges 50% On Monday, the People's Bank of China (PBoC) ruled that initial coin offerings (ICO) are illegal and that startups must refund all ICO...