Tag Archives: ICO’s

Heading Up? Ether Prices Consolidate After China’s ICO Crackdown

Heading Up? Ether Prices Consolidate After China’s ICO Crackdown

The ether-US dollar exchange rate (ETH/USD) nosedived on Monday after reports hit the wires that China has officially banned ICOs. Other digital currencies like bitcoin, bitcoin cash and others were dragged lower as well. It’s a notable development for the industry – the world’s number two cryptocurrency is up more than 3,000 percent on the year, […]

Report: China’s Regulators Close to Taking Action Against ICOs

Report: China’s Regulators Close to Taking Action Against ICOs

Regulators in China have reportedly made up their mind to crack down on initial coin offerings (ICOs), the nascent funding mechanism through which blockchain projects have now raised more than $1.8 billion. According to a report from Caixin, although the official statements have not been published yet, regulators have deemed ICOs to be violating fundraising laws, […]

Chinese ICO Site Suspends Services Amid Reports of Regulator Scrutiny

Chinese ICO Site Suspends Services Amid Reports of Regulator Scrutiny

A platform for investing in initial coin offerings (ICO)s in China has suspended its services as government officials reportedly begin scrutinizing the funding model more closely. ICOINFO, in a notice posted to its website, cited “a shifting regulatory environment” in its decision to freeze its platform. Users can contribute funds to the token sales that are […]

Reports: China’s Regulators Consider Suspending All ICOs

Reports: China’s Regulators Consider Suspending All ICOs

Regulators in China are discussing a plan to possibly suspend all initial coin offerings (ICOs) within the country, reports say. According to Tencent Finance, regulators proposed an action plan in a meeting on August 18 hosted by the financial market department of the People’s Bank of China (PBoC), the country’s central bank. Officials from China’s insurance, […]