Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal

Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal:

Ethereum and bitcoin are crashing this morning, after China confirmed its recent threat of an ICO crackdown, when the central bank said on Monday that initial coin offerings are illegal and disrupt financial markets. “This is a positive move given the rapid proliferation of low quality and possibly fraudulent coin sales promising the moon.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Leave a Comment