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NEO token on the way to reaching August price

NEO, previously known as Antshares, has almost fully recovered after a month of China fud. With the ICO ban being implemented by the Chinese government, the most famous China based crypto project took a strong hit. On the day the news was published NEO fell nearly 40%. The lack of clarity in China about the regulatory framework for cryptocurrencies and exchange platforms kept the price low during mid September....

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Mining in China continues despite rumours on crackdown

While uncertainty looms over the future of cryptocurrencies, there is still strong interest in bitcoin mining in China. As we come to the end of September, cryptocurrency exchanges are to halt all trading. Yet no regulatory ban has been imposed on bitcoin mining. In addition, in an earlier stage Litecoin creator Charlie Lee claimed the...

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Da Hongfei Interviewed by Leading Dutch Financial Newspaper

Da Hongfei Interviewed by Leading Dutch Financial Newspaper

On 23 September, Het Financieel Dagblad, a leading Dutch financial newspaper published an article with Da Hongfei, the founder of NEO. The article was written by Sjoerd den Daas and was published in Dutch. Below a short summary with the key points mentioned by the charismatic driver of NEO: – The storm on the Chinese market is over, claims Da...

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First Blockchain Asset Backed Security Traded on Shanghai Stock Exchange

First Blockchain Asset Backed Security Traded on Shanghai Stock Exchange

On September 21st, Caixin published an article announcing that the “Baidu-Chang’anxinsheng-Tianfeng 2017 First Phase of Asset-Backed Securities” are now traded on the Shanghai Stock Exchange, making it the first blockchain-based ABS publicly traded on Chinese exchanges. According to CN stock, the value of the ABS issuance is 400 million CNY, with preferred A class of...

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Bitkan presents documentary “Bitcoin – Shape the future”

Bitkan presents documentary “Bitcoin – Shape the future”

On September 20th, the Blockchain Global Summit took place in Hong Kong.One of the highlights during the event was the premiere of China’s first bitcoin documentary: “Bitcoin – Shape the future”, presented by Bitkan, and supported by Bitmain, Huobi, ViaBTC and Bixin. The 45 minutes long film shows the history and development of bitcoin in...

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Huobi and OKCoin’s leaders cannot leave Beijing upon further investigation

Huobi and OKCoin’s leaders cannot leave Beijing upon further investigation

On Monday, Caijing quoted from informed sources that the current leaders and executives of Bitcoin exchanges should not leave Beijing to cooperate with the investigation. According to the regulatory requirements, the shareholders of each trading platform, the actual controllers, the executives, the financial leaders, etc. should cooperate with the relevant authorities in Beijing during the ....

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Getting around the ban: OTC trading in China

As Bitcoin is going through the greatest regulatory crisis in China since its origination, Over-The-Counter (OTC) trading has increasingly caught public attention. Currently, the main channels of Bitcoin OTC trading include institution-operated information platform, alliances of institution-operated and licensed intermediaries, individuals, and several messenger applications. The OTC trading prices are adjusted based on the real-time...

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Recap of A Week of Gloom and What to Expect Next

Recap of A Week of Gloom and What to Expect Next

The negative news coming from China crypto world continued throughout this week (11-17 September). The China fud started with the public statement from the China’s central bank on September 4th on regulation policies and warning the risks of ICO projects. On Friday the 8th a damning article on Caixin’s website (a leading financial media group...

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What would happen if the Chinese government shuts down exchange platforms?

Since Caixin’s article last Friday, rumours burst out disclosing that domestic regulatory bodies decided to close all the virtual currency exchanges in China. It caused another round of FUD and the value of Bitcoin immediately plunged more than 20%. However, till now there is no official confirmation from any formal channels and the major Chinese...

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More than 40 ICO Platforms Closing in China

More than 40 ICO Platforms Closing in China

Following the token sale ban by the People’s Bank of China (PBOC), more than 40 Initial Coin Offering (ICO) platforms are reportedly suspending their ICO services. Banks have also been instructed to stop providing service to ICO platforms. However, some token sale prices have slightly recovered as speculators returned, while many ICO platforms face challenges...

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