Boxmining Daily Sept 6th
1:00 Market Recap
3:10 Raiden Testnet!
China Update:
4:00 ICOINFO: Refunds 3 more ICOs
4:30 Yunbi: Trading Stopped for a while
6:22 Binance: Receives VC funding, refunds TRON
8:04 Hong Kong issues warning
9:53 Upgrade Time
Use code "6bXKwD" and get 3% off every purchase on Genesis Mining! https://www.genesis-mining.com/a/287920 🤑
♨️Social:
http://boxmining.com
Steemit: https://steemit.com/@boxmining
Twitter: https://twitter.com/boxmining
Facebook: https://www.facebook.com/boxmining
🤑 Buy Bitcoin: https://www.coinbase.com/join/590c3a1c8bfa31012ffacf87
💰 Secure your Crypto with Hardware Wallets:
Ledger: https://www.ledgerwallet.com/r/428b
Trezor: https://trezor.io/?a=6xd5fhdqqjng
💪Donations:
Bitcoin : 13EvsPm3YhiCPGksQQdvQUFtsbF8FoU6Cz
NEO: AHMMavFxwPA1jPB3HiF5Hq8JxeJ2soWvDW
Ethereum: https://etherscan.io/address/0x58d98516363D2A5f93CE6aB4A4a909599C3EEC3a
DASH: XcAREQEEunvv6rJza9LKDzdyjZ1BwBN2iK
Litecoin: LXeXUr2Hr3ePgHb9aDjr4QdqA4DPXoTarU
NEM: ND6WRNN2W2AZLON65EGI3Y46M4TWP3HNKSB4BGW2
Decred: DsgsSqYF2oSZ5MJeoqiEMyeJdWhdvWk8A4s
👩🏻🚀 Save on Amazon with Purse.io
https://purse.io/?_r=Fxj40g
💱Software Wallet:
Windows/Mac/linux: http://exodus.io
This is not good. @Boxmining As I noticed from your interview with Binance CEO Changpeng Zhao, he has pretty deep insight on Chinese situation. And if he decides to block Chinese IPs, this may mean Chinese Gov is gunning not only for ICOs, but for crypto trading as well. This is huge. Binance states the following: "In accordance with... requests from various government offices...". So they were ASKED to block China from trading!
on slack he was ask what the regulations where and the answered "welcome to china" seems like they just want to do some stuff to show they are complying.
Or just afraid to be punished and had no other choice :) Anyway, the situation will be more clear if any other big Chinese exchange makes the same move - blocks Chinese IP addresses, right?
I wonder how that would affect the market? Would the Chinese find other ways to buy crypto or would they cash out... This could potentially affect the market negatively on a grand scale.
Who knows? The situation is deep. It is really hard to restrict to buy crypto. Investors from China will anyway have easy-to-mid level difficulty to buy cryptocurrencies. But the question is - will they invest at least half of the amount possible in no restrictions situation? Probably not. But even loosing Chinese investors at all will not make the market too bad. Maybe minus 15% market cap in long run. This is in worst case scenario. But the industry is growing so fast, that those 15% will be recovered very soon anyway. Crypto industry is strong now!
LAToken started with listing equities on their platform LAToken offers unique opportunities for investors of any size to own fractions of assets previously accessible only by large investors (e.g. real estate , bitcoin trading, forex, etc they want to completely transform access to capital, and enable cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.https://sale.latoken.com/?r=cfb74eff2e
awesome
Raiden as most people know is a valuable addition to the Ethereum infrastructure... It is an important piece of the blockchains scaling capabilities... Similar to the Lightning Network for Bitcoin.
raiden is epic, offchain is where its going to be at. That and plasma. Plasma takes a lot of these concepts and extends it.
Thank you for posting this very nice information. I always check your daily post to see whats going on . Thanks @OriginalWorks
@OriginalWorks Mention Bot activated by @raserrano. The @OriginalWorks bot has determined this post by @boxmining to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
For more information, Click Here!
It is great to see Securities and Futures Commission aware Bitcoin. More and more countries will do legislation on Bitcoin and accept it. Its price will be going up crazily in the long run.
Thanks for the great post Michael.
ICO madness? dead cat bounce?
i can help you get some coins for giveaway on your 50k ping me ;)
This move by China on ICOs: instead of seeing it negatively, there might be silver linings to this. For instance, to the ICOs already issued and the projects that are now in the works, thanks to the capital received. Since there will be fewer ICOs, more money might flow into the ones already existing. And that would be a good thing for the current holders of coins and tokens.
Some people see the move by China and other governments on ICOs as a total negative. But this is a good thing if ICO proponents can no longer claim just about anything. Instead, they are now forced to be more accountable. As it is, many of the ICOs are rather dubious - undertaken by people who are just trying to squeeze as much money from the current ICO Craze as possible, and not really having any genuine plans to develop their projects. And leaving `investors' with near worthless coins and tokens.
You are right - there are some ICO funded projects already. Yes, they are happy to have less competition because new projects are ICO-restricted. This is also good for people having tokes already. But, the technology development chain will now be much slower. So the worldwide economy may not get the full advantage of blockchain technology. For me any regulation in investment sphere is bad. Governments better pay attention on violent crimes, healthcare, etc., but instead some governments try to tell me where to invest - no thank you :)
Yes, there's the negative part too about government interference in ICOs. If the same rules and regulations are imposed as with the IPOs of securities, then many projects will never see the light of day. The developers of these new blockchain-related projects simply won't have the resources to undertake all the paperwork etc. that government regulations demand.
Thankyou for your information...
Your energy is so infused with positivism and appreciation!!!
Love it...Thanks for the info :)