The initial coin offering (ICO) market was thrown into flux Monday with the stunning announcement from China that ICOs were now banned in that country. Combined with the added scrutiny and paperwork being required by the US Securities and Exchange Commission and its Canadian counterparts,
The People’s Bank of China (PBoC), the country’s central bank, has banned individuals and organizations from raising funds through initial coin offerings (ICO). The central bank said that ICOs are illegal and have asked all related fund-raising activity to be halted immediately.
Has the US National Security Agency identified the ever-elusive Satoshi Nakamoto, the inventor of bitcoin? A new article by entrepreneur Alexander Muse in Medium says yes, they have.
Although several people have come forwad and claimed to be Satoshi, the generally acknowledged bitcoin inventor,
A Chinese news service is reporting that China’s regulators have met to discuss growing concerns about the initial coin offering (ICO) market.
China’s regulators have been scrutinizing cryptocurrency and its exchanges since late last year, increasing the pressure in early January by limiting withdrawals at the exchanges and raiding several businesses to make sure they were complying with money-laundering rules.
A Chinese news agency has reported that bitcoin exchanges Huobi and OKCoin invested client funds into risky financial instruments for their own gain.
The state-owned Xinhua Agency newswire reported late last week that Huobi and OKCoin collectively put a billion yuan (about $150 million US) in idle client funds into high-yielding but risky wealth management products.
China will limit its domestic companies from future foreign investments in a range of intellectual properties and companies, citing concerns over rising debt levels.
Late last week, China’s State Council, effectively its national cabinet, issued a declaration that limits overseas investments in entertainment,
In yet another sign that the Chinese government may be planning its own long cryptocurrency march, the People’s Bank of China is looking to hire some blockchain experts.
The Shanghai Daily reports that the PBoC has launched its own blockchain research institute and seeks to hire engineers.