NEO was under $2 not long ago.

Simply put they have been jumping through hoops and working  with the government since their inception in  2014 to  be complaint - OnChain has been working with the government on LawChain and IdentityChain for purposes of setting up the framework for registering digital assets on the blockchain (and using NEO)....  and Fosun is heavily involved    the biggest conglomerate in China (hint they ARE the red party)  Neo and Walton both have no doubt known this was coming all  along.

Both will be positioned perfectly- especially NEO - NEO IMO will take a massive role in  the new  system  coming out of China.

Just watch

(TL/DR = context)

Of this I have no doubt... tether coin to control the on and off ramps - new regs stricter AML and KYC etc etc
There is NO way NEO (and OnChain and Fosun) and Walton have gotten this wrong...  it will all come out in the wash for sure

They way they have gone about this, is trolling at  its best

hmmmmmm  looks like OkCoin and Huboi have been offered the option of staying open until end of October  

Hmmmm curious.

(potentially good- potentially annoying AF)

20:08 Local time in shanghai!

they have 4 hours to drop it....

The Chinese traders have a very limited window here to do what they have got to do.. (now and end of Sept MAX - we should see the main result before then... exodus... all of those open BTC and ALT positions - must be liquidated to either return to fiat or return to wallets)

Your fly is undone

Yeah I can imagine a CNY tether coin...then back to business...

One thing I am pretty sure of- in China NEO & co are not going anywhere apart from moon.

They are up to something 100%!

This is a prelude.

China's Bitcoin Exchanges Receive Shutdown Orders and Closure Timeline


https://www.coindesk.com/document-lists-closure-steps-for-chinas-bitcoin-exchanges/?utm_content=bufferd5f92&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer



1. Before 20 September 6pm, exchanges shall come up with a detailed risk-free clearing plan, and send this plan to the office. Exchanges shall deal with their claims and liabilities properly, and insure that investors’ funds and virtual currencies are safe.

2. Before 20 September 6pm, exchanges shall determine a bank account, which will be used for depositing user funds. All other accounts in banks and other non-bank payment service providers shall be canceled and reported to the Business Management Department of People’s Bank of China.

3. Before 15 September midnight, exchanges shall publish closing announcements, and announce a schedule to stop the trading of all virtual currencies. New user registration shall be stopped immediately after the announcement.

4. Shareholders, controllers, executives, and core financial and technical staff of exchanges shall cooperate fully with authorities during the clearing, while staying in Beijing........ (Wait ? what? ermm? I have a , errmm wedding in err Scotland,no sorry I mean Syria , err  must dash !!!! )  On  a serious note I know a family in China- the authorities turned up at their house one day- and took the father- and he was never heard from again! and with ZERO explanation.   

5. Exchanges shall report their developments daily to local authorities before the clearing is completed.

6. Exchanges shall save all user trading and holding data, and send it to local authorities immediately in DVDs.

The document is signed: The office of the Leading Group of Beijing Internet Financial Risks Remediation, Sept. 15, 2017

Whats a sewgitz2X ??  

But it looks like the Chinese have exactly 2 weeks to cash out ..

Painful like a BJ from an enthusiastic Chinese lass? - bit teethy and very sloppy?  what happens at the end of (a good sloppy) BJ?

..... and you suppose they are jus going to not  bother with NEO and Walton Coin? ermmmmmm naaah I cannot see that happening somehow!

(though I fully expect some sort of "surprise"  or "taa-daah" "Ba-dum-tish" moment for sure....oh and a CNY tether coin so they can control the bottleneck at the fiat on and off ramps -  to stop capital outflows and get a better grip on ML - some strict new hoops for exchanges to jump through and the intro of the tether coin into the regulated platforms

BCH could play a role- would not surprise me (they will be in for a shock)

I'm going to bed

(don't break it while I am asleep)

Meh

"Korean buying sending BTC to the moon"

Least I think that is what it says  


North Korea fires ballistic missile over Japan
http://www.bbc.co.uk/news/world-asia-41275614

Observers have noted that the latest missile flew far enough to reach the US Pacific territory of Guam, which is 3,400km from Pyongyang. (1 km per $ worth of BTC)

This whole thing is like ... symbolic man.... lol

CNYT Tether coin...

Incoming... (at some point)

I can feel it in my bones


 


(cuntycoin??) the cyunty?

Yeah - it is 08.20 in  Beijing now.

Suppose they have scheduled a morning meeting?

Home to change pants

Then onto twitter - all ashen - drop the bomb

Pwofit.  


(if they could some how ninja sidestep this ban- that would be hmmmm just great...big if though -guessing sidestep but maybe have to shut doors first)

It was healthy volume which favoured sell pressure on the 12hr

The 3hr 4hr show some quite healthy buy pressure though on a few sessions..

Volume easing off for now from the big dump..for now.

Been pretty intense trading volume across  the board of the entire cryptomarket past 24 hours! talking $6.5 billion here!
with $2.7  billion being BTC alone.

Not peanuts.

Overall market Cap: $111,074,558,078  DOWN!