[2017-07-14]Will ICO Feed the Hungry Chinese Investors? Industry Leaders Share

[hl5460]

With the recent price correction of most cryptocurrencies and crypto-assets, the total market value has dropped from 100 billion USD to 83 billion at the moment. Some predicts that ICO bubble has burst and downward trending is inevitable.

ICO has caught mainstream media attention in China. Reports with shocking title emerge every day. Southern Weekly, a traditional media famous for in-depth report, released a story about ICO titled: ICO hinges on the confidence of Jiucai(newbie investors) instead of technical development. Most recent reports include: ICO going viral: crazy game of digital currency and Caijing: Financing innovation or profiteering: investigation of the wild ICO market.
Aside from the keyword of ICO, reports likes these conveys another message: quick fortune. Chinese investors are troubled with assets shortage and ICO happens to provide an outlet for the hungry capital.  But the wild arena has inevitably invites attention from regulatory authorities. . It seems that China will adopt a “regulatory sandbox” legal framework for ICO.

How is that going to impact the Chinese cryptocurrency ecosystem? Industry leaders are to share their insights on the coming the 2017 BTC and Blockchain Summit in Beijing this September 10. 8BTC learn from Bitkan, host of the event, that heavyweight speakers around the world will gather in Beijing to outline the future.
http://news.8btc.com/will-ico-feed-the-hungry-chinese-investors-industry-leaders-share-insights-on-beijing-summit-september

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[CryptoBry]

There is no question that we are seeing a great tide of so many ICOs for this year and there can be more on the offing. I am not against the use of regulations with the aim to protect small investors of their hard-earned money as long as there would be no outright ban of the platform.

The ICO platform can be a good way to raise funds for legitimate business and ideas but because it is very much unregulated it can also mean an avenue for many scammers and those who are just there for some easy money to flourish. All of these things have to be balanced if we want to see this platform mature and be of big help for many business entities to raise funds.

[landslide]

Most ICOs are simply cheating money, look at how many newbies in this form are doing "ICOs". Sure Chinese people are trying desperately hiding some of the obscure money and cybercoin is a good place to go.