Boxmining Daily September 5th:
0:30 Market Recap
1:52 China issues ICO Refunds
4:20 ICOINFO immediately refunds 4 ICOs
7:21 NEO council offering voluntary refunds
10:33 China wants to stay in Blockchain
14:20 Hong Kong issues warning
15:18 End of FUD?
ICOinfo refund: http://boxmining.com/icoinfo-refunds-icos/
NEO refund: http://boxmining.com/neo-refund/
HK Securities: http://boxmining.com/hong-kong-warns-icos-maybe-possibly-classified-securities/
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You always give a clear and clever view of the Asian cryptp market, love it... feelings, emotions are huge in investments, and in crypto is all multiplied by a million... now is when we might want to apply the old, sell when everybody is buying and buy when everybody is selling .... this is NOT finantial advice, just a post , ha ha .... peace
Thanks!
los mercados de criptomonedas se encuentran en rojo por esta causa, algunas criptomonedas has perdido muchiiisimo su valor, increible¡
Saludos y buen post :)
I doubt it'll end FUD, but it'll help reduce it and eventually it'll die off.
It's a start. market holding steady. Quite a lot happening still but they follow a basic pattern - > refund projects. stop icos. crypto itself is safe
Yeah. I'm happy to see NEO had some increase today. The refund that they are doing is great. Crypto is safe for real. Better than other projects I've been involved in. Just kinda volatile at this stage of its development. I believe a time would come when it won't be this volatile.
Thanks for sharing!
Thank you for keeping us on top of ICO info in China! Thanks to people like you I think the damage of FUD was minimized and I do see things turning around.
Does Hong Kong still operate separately from China law in some compacity? Just curious...
Yes hong kong has a separate legal system.
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Can other projects that are built on NEO chain still have ICOs, as long as Chinese citizens are not buying? They can open the ICO to people in other countries where ICOs are allowed.
Do you know if the new regulations have effected Yunbi and Jubi exchanges? Yunbi has ceased trading today (website partly operational, funds in place, no API trading or withdrawals) and apparently QTUM was removed from Jubi with no warning?
Not sure if these events are just a coincidence or related to the new regulations. Thanks.
Brilliant legal short of the crypto market. I contribute equivalent of USD1,000 or CNY to an ICO in whatever crypto. Following the announcement my original my underlying crypto is now worth USD700 which is sent back to me. The ICO owners most probably made a USD300 gain on my ICO investment. Multiply that by thousands of investors and they are well in the money with a legally sanctioned refund.
Thanks Michael, great post on China ICO's.
How much was the NEO ICO?
Do you think BTC is still going to correct in price? down to about what $ ?
thanks.