I. The Essential Attributes of Fundraising Through Coin Offering

Financing through coin offerings refer to financing bodies raising virtual currencies such as Bitcoin or Ethereum from investors through illegal sales and circulation of crypto currency or tokens. Such offerings, in essence, are unauthorized and illegal public fundraising and are suspected of involving in criminal activities such as illegal selling of tokens, illegal issuance of securities, illegal fundraising, financial fraud and pyramid schemes. The competent authorities will closely monitor the related developments, strengthen coordination with the judicial departments and local governments, strictly enforce the law and work based on the current mechanism, and resolutely clamp down on market irregularities. Any suspected crimes, once identified, will be transferred to judicial department.

The token or “virtual currency” used in coin offerings are not issued by the monetary authority. Such currency does not have characteristics of money such as legal tender status and mandatory use, has no legal status equivalent to money, and cannot be circulated or used as currency in the market.

II. No Organizations or Individuals Shall Engage in Illegal Fundraising through Coin Offering

From the date of release of this Notice, fundraising through coin offering shall be banned immediately. Any individuals or organizations that have completed fundraising through coin offering shall make arrangements to return the funds raised, and to ensure that the legitimate rights and interests of the investors are protected and the risks involved are properly managed. The government departments concerned will strictly investigate and address the coin offering activities that have continued despite the ban and the illegal activities in the projects that had completed fundraising.

January 2018 is almost here with us and I will want to see this dream come true no matter how vague with the current challenges because if I will be receiving my salaries in bitcoin, the question is, will it be the dollar equivalent I will be receiving or a fixed amount of btc because looking at both options, the challenges and advantages avoid both for the employer and the employee.

The Swiss municipality of Chiasso has announced that it will accept tax payments in bitcoin from January 2018 onwards. The announcement signifies a further gathering of momentum for Switzerland’s bid to become a global leader in the bitcoin and cryptocurrency industries, with Chiasso seeking to rival Zug’s Crypto Valley as a major global hub for bitcoin adoption and innovation.

Chiasso will begin accepting bitcoin as a form of taxation payment beginning in January 2018, with the city planning to trial the method by initially restricting payments to values up to 250 Swiss francs (CHF). Zug currently accepts taxation payments in bitcoin of up to 200 CHF, and since July has received more than 40 payments in bitcoin.

Last month, Yours Network CEO, Ryan X. Charles, announced their platform would be switching from litecoin to bitcoin cash for payments. Now they have a fully functional beta implementation for bitcoin cash. As a result, their platform is more reliable, streamlined, and cleaner.

With full bitcoin cash functionality, transactions on the network run smoother and contain less bugs. According to Charles, “payments are far more reliable now because we don’t have dozens of unfinished payment channel edge cases.” He continued, “the big difference between last month and now is that the app is actually good enough to use.”

This implies users should be able to manage their activity on the platform more seamlessly. The micro-payments provided by bitcoin cash also allowed for lower fees.

They also added 5 features in the last two days. These features include:

    A voting model where anyone can up-vote something and earn rewards. However, earlier voters earn more rewards. This incentivizes people to vote — they can earn money from voting on something if they vote on something popular early.
    A tipping feature. Anyone can visit someone’s profile and send them a tip.
    The front-page is now sorted by # of votes, so it is better curated. Good content tends to rise to the top.
    Yours Network now charges 10¢ to post content. This has eliminated most of the spam on the platform.
    Yours Network displays reading time before and after the pay wall. This lets people have more critical information about whether they want to pay for what’s behind the pay wall.

I think due to ICO ban, the rumors and the uncertainty that came along with it, all the weak hands are out at the moment.
I suppose the price around 4K is something like the bottom we have reached.
And if this really is the bottom, it's a pretty high one!
Once the fear of the panic sellers has settled, many of them will return into the market.
And that will bring us back on track to hit the 5K again. Maybe in October.

USDT is one of those things that only looks good from afar but it is far from good.

the first time i found out about tether i thought this is exactly what crypto world needs. something that is not fiat but it has the same value. but when you study it an read a little more about it you can see it is not really good at all. it in fact has a lot of risk. risk that is unnecessarily introduced when you use it. and it is heavily centralized which is always bad in crypto world.

America isn't as great as it used to be. The government is rotting on the inside, racism is still there, a large percentage of the population is incarcerated and many more. I think the only thing America could be proud of is it's top-notch education and it's military might.

It seems this bad news really affect traders inside China.  The price of bitcoin plummet in there resulting to lower price, as I recall a news stated that Bitcoin price fall under $4000 after the news about closing exchanges spreads in the internet.  We are still confused whether this statement is true or not but the impact of such news had already been felt.  I hope this won't badly affect the global market of Bitcoin .

Either way we can't keep having this uncertainty if Bitcoin is going to get acceptance in the general community.

Bummer, I've been wanting to see a state-issued crypto for a while now.

This is most likely one persons interpretation of china's law that crypto currencies are not allowed to be used as a currency. They're only to be used as a commodity meaning you cannot purchase items or services with them like you can in other countries. Lots of people took this as you cannot purchase currencies with money.

Some sites were saying that some chinese exchanges were already stopping the purchasing of cryptos, but not the sales. Which makes no sense, if they were going to ban one they would ban both.

Bitcoin, the original stateless cryptocurrency, has often been tolerated and sometimes embraced by governments, central banks, and other key institutions around the world. But there is a limit to some officials’ acceptance of cryptoassets.

The president of the European Central Bank yesterday rejected the idea that Estonia, which is part of the euro zone, could issue and manage its own state-backed cryptocurrency. The idea is still theoretical, but ECB president Mario Draghi shot it down anyway when asked about it at a press conference: “No member state can introduce its own currency; the currency of the euro zone is the euro.”

An Estonian cryptocurrency has been mooted as part on the country’s e-Residency program that provides a digital identity to foreign entrepreneurs. Kaspar Korjus, managing director at e-Residency, floated the idea of issuing “estcoins” that allow people to invest in the country. The cryptocurrency would be available through its its e-residency program via an initial coin offering, which takes some of the principles of bitcoin and blends them with crowdfunding. Proceeds could go into a type of public-private partnership.

If the mining is also forbidden, the miners will be shifted overseas. That is not a problem.

China-based Canaan Creative, a bitcoin mining firm commonly known by Avalon, its bitcoin mining chip brand, will open a data center powered by hydroelectric power at the ‘Node Pole’. Owned by power companies, the technology infrastructure hub is situated in the Boden region near the Arctic Circle n in Sweden.

Canaan, which manufacturers ASIC microprocessors, claims to be the first Chinese bitcoin company to open a data center in Europe. The facility will operate at 10 MW at its initial stage, leaving room for expansion in the future.

It's mostly Chinese money and mining propping up the absurdly high valuation of btc right now.  If they leave, or are "banned" (which doesn't really seem to be the case), then you're going to see a massive retraction in price of btc specifically and many of the alts as well by extension.

 

No one will ever use Coinbase or something similar to host ICO's, because ICO's have been working fine without them. Not to mention, Coinbase has the SEC right up their bums, and i doubt some of these shady motherfuckers in digital currencies would ever want anything to do with them.


Who remembers Moolah? good times

A new UK startups intends to do just that. DOVU aims to become “the global marketplace for transport data.” It’s planning a token sale on 3 Oct, 2017, which will fund its distributed marketplace for the “give and take of transport-related APIs”, powered by the “DOV” token.