Breaking News : China Banning Companies from Conducting ICOs

Written by Saugat Sigdel

September 4, 2017

banned | china | ETH | ICO | neo

Few hours ago a news broke out and with this news whole crypto market is in blood bath. Price of every altcoin including bitcoin have plunged down to over -20% in few minutes.

At the time of writing Ethereum was trading below $300 range while NEO which is also known as chinese Ethereum experiences a heavy dump of over 50%. Low price for NEO on bittrex is $16.50 which is almost half from high price of $31, this massive drops occurs in just few minutes when news broke out.

Will post more updates on this later….

Source : https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html

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