by Florin Oprea
Tian Chuan & Rachel-Rose O’Leary – CoinDesk
Lulu Yilun Chen, Justina Lee – Bloomberg
China’s central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.
FAO: Is this the reason for today’s drop in crypto assets prices?
Xie Jun – Global Times
Uncertainty has increased in China’s virtual currency trading in recent days, with some platforms suspending or raising the threshold for trading certain types of virtual coins.
FAO: A normal reaction considering the new “market conditions”…
Stan Higgins – CoinDesk
Ethereum-focused startup Everex has raised $26 million in an ICO to develop microfinance and remittance services.The month-long sale raised a total of 1,580 BTC (worth approximately $7.54 million at current prices) and 49,477 ETH (worth roughly $18.9 million) raised.
FAO: Ahem…probably much less by now, considering today’s prices…
Joon Ian Wong – Quartz
Hedge funds have been trounced by the stock market in recent years. Now they are eyeing a new asset class that might provide the big returns their clients pay them to produce: bitcoin and cryptocurrencies.
The Hindu Business Line
The Institute for Development and Research in Banking Technology (IDRBT), an arm of the Reserve Bank of India, is developing a model platform for blockchain technology.
Leigh Cuen – Internațional Business Times
If you’re thinking about a fintech business or cryptocurrency for American markets, Jeffrey Bandman is the blockchain oracle of your wildest dreams. Until recently, he was the fintech adviser to the U.S. CFTC. He created the nation’s pioneering innovation regulatory team, called LabCFTC. Then in June, Bandman left politics and returned to New York City, his hometown, to set up the consultancy firm Bandman Advisors.
FAO: Interesting profile.
Lisa Froelings – The Cointelegraph
Recent developments lead many to Bitcoin mining and investing in Bitcoin as many tend to believe that it is a great start for investment. Regulators and tax specialists are now looking into cryptocurrencies and how they should be treated when it comes to income taxation.
FAO: Better consider this line: “Virtual currency is treated as property for US federal tax purposes”…
DNT: An Interesting interview about the future of tech scene in Malta.
Jesse Friedlander – South China Morning Post
For Hong Kong, the advent of decentralised, virtual currencies is both a threat and an opportunity. While it has made some moves to encourage fintech, Hong Kong has thus far limited government policy on cryptocurrencies to warning about their risks.
FAO: HK is a strong competitor for Singapore and Sydney on the region’s fintech scene…which of them has the credit to become a blockchain leader?
The New York-based Starta Accelerator has announced the launch of an accelerator program, called “Token Rockets”, for startups working with blockchain technology.The training will culminate in a new crowdsale of cryptographic tokens for each of the startups.
Pete Rizzo – CoinDesk
It’s the biggest sell-off since mid-July.
FAO: Florin Adrian Oprea, Editor-in-chief Blockchain Daily News
DNT: Decebal Nicolaie Todarita, Editor Blockchain Daily News