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Benezim
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September 04, 2017, 10:39:56 AM |
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from this thread https://bitcointalk.org/index.php?topic=2148605.201. ICOs = illegal fundraising. Bitcoin and Ethereum are not currencies and should not be used as currencies in transactions. 2. No organizations and individuals are allowed to start ICOs, and ongoing ICOs should stop immediately with investments send back to investors. 3. (Important) No cryptocurrency exchanges are allowed to offer currency-to-"cryptocurrency" exchange any longer, a.k.a. e.g. no CNY-to-Bitcoin or Bitcoin-to-CNY exchange allowed. 4. Financial institutes that are not banks must not offer any related services. 5. Investors into ICOs must take full responsibility into their actions (that is to say, if you lose your assets through such "investment", no laws would protect you) 6. blah... If #3 is correctly translated and true, this will be a huge blow for Binance. Not only the BNB token, but also Binance as a token exchange
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bmike
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September 04, 2017, 10:49:05 AM |
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from this thread https://bitcointalk.org/index.php?topic=2148605.201. ICOs = illegal fundraising. Bitcoin and Ethereum are not currencies and should not be used as currencies in transactions. 2. No organizations and individuals are allowed to start ICOs, and ongoing ICOs should stop immediately with investments send back to investors. 3. (Important) No cryptocurrency exchanges are allowed to offer currency-to-"cryptocurrency" exchange any longer, a.k.a. e.g. no CNY-to-Bitcoin or Bitcoin-to-CNY exchange allowed. 4. Financial institutes that are not banks must not offer any related services. 5. Investors into ICOs must take full responsibility into their actions (that is to say, if you lose your assets through such "investment", no laws would protect you) 6. blah... If #3 is correctly translated and true, this will be a huge blow for Binance. Not only the BNB token, but also Binance as a token exchange Binance does not change currency-to-"cryptocurrency", they only offered exchange cryptocurrency-to-cryptocurrency . Since this is not considered as a currency - not so bad . I do not think that much will change for Binance, it's just a temporary panic, and a good chance to buy at a lower price ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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lissics
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September 04, 2017, 10:55:08 AM |
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Binance - The past of exchanges
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mhossen
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September 04, 2017, 10:59:22 AM |
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don't have money left to buy more. Binance doesn't deal with fiat....Seems a temporary dip for BNB which rose several hundred percent in two weeks
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Benezim
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September 04, 2017, 11:02:02 AM |
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Binance does not change currency-to-"cryptocurrency", they only offered exchange cryptocurrency-to-cryptocurrency . Since this is not considered as a currency - not so bad . I do not think that much will change for Binance, it's just a temporary panic, and a good chance to buy at a lower price ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) And still their entire business model was heavily focusing on introducing Chinese coins to the market. The coin offering of the big coins is fairly limited as of now. They probably have to change their focus now if they want to survive.
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Benezim
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September 04, 2017, 11:07:53 AM |
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Oh, and for the record. They offer USD crypto pairs (BTC and ETH) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Bonanzacoin
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September 04, 2017, 11:08:23 AM |
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The fact they dont trade in fiat might actually be a chance for them at this point where Chinese cant trade on other exchanges they can still do on Binance. To look at it from a positive pov. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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Bonanzacoin
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September 04, 2017, 11:10:10 AM |
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Sell:
126 0.02646000 0.00020999 72,398 15.20285602 0.00020500 44 0.00902000 0.00020001 500 0.10000500 0.00020000 101,030 20.20600000 0.00019999 1,660 0.33198340 0.00019990 508 0.10154920 0.00019285 358 0.06904030 0.00019272 45,303 8.73079416 0.00019250 4,260 0.82005000
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bmike
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September 04, 2017, 11:11:54 AM |
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Oh, and for the record. They offer USD crypto pairs (BTC and ETH) ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) USD or USDT ? USDT - cryptocurrency too
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Benezim
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September 04, 2017, 11:17:20 AM |
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Oh, my bad. You got me on that one
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bmike
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September 04, 2017, 11:31:58 AM |
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Sell:
126 0.02646000 0.00020999 72,398 15.20285602 0.00020500 44 0.00902000 0.00020001 500 0.10000500 0.00020000 101,030 20.20600000 0.00019999 1,660 0.33198340 0.00019990 508 0.10154920 0.00019285 358 0.06904030 0.00019272 45,303 8.73079416 0.00019250 4,260 0.82005000
Look closely! They cancel their orders, just create a panic to buy even cheaper
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vlad06
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September 04, 2017, 12:36:53 PM |
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Jesus Christ will Binance bounce back?
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TobyTheCat
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September 04, 2017, 12:41:54 PM |
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Hopefully soon, but with the news out of China, not today or this week.
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Bonanzacoin
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September 04, 2017, 01:45:49 PM |
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News from Binance':
China PBoC Update
Avatar Binance a few seconds ago Updated Hi Everyone,
Regarding the recent announcement from China's PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.
Thank you for your support!
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NaXxow
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ALT Add: APfc4bykKHxYSVkvzsLdQvmiTXvTgMiCRM
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September 04, 2017, 01:56:26 PM |
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funny thing is, chinese market really dominates crypto. I am not complaining though, I just see this red signal as opportunity. ICOs will be regulated, and coins that has been disregarded because of new emerging coins will going to have a comeback.
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yorklab
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Utrum OOT
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September 04, 2017, 02:11:05 PM |
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If the Chinese exchanges have to take all the Chinese ICOs off, then what's left will do really well after everything settles down. They have to put their money somewhere.
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wasif11
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September 04, 2017, 02:15:38 PM |
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I don't want to be pessimistic but there is no way to tell if we have reached the bottom yet. People were saying we hit the bottom when we were $1+. Pretty sure people put sell orders in at around the $1 mark so when it reached that point, it dropped significantly. I suggest the best thing to do is to ride the train because we could get a lot lower before it goes higher.
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bmike
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September 04, 2017, 02:23:36 PM |
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News from Binance':
China PBoC Update
Avatar Binance a few seconds ago Updated Hi Everyone,
Regarding the recent announcement from China's PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.
Thank you for your support!
Maybe they somehow want to keep ICO for residents of other countries?
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yorklab
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Utrum OOT
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 04, 2017, 02:58:02 PM |
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News from Binance':
China PBoC Update
Avatar Binance a few seconds ago Updated Hi Everyone,
Regarding the recent announcement from China's PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.
Thank you for your support!
Maybe they somehow want to keep ICO for residents of other countries? Or start listing new coins.
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