Chinese government has released a list of whopping 60 ICOs that will be put up for investigation and monitoring. The letter issued by the government was sent to Chinese province of Fujian on September 2nd 2017 and it mentions issuing guidance to local government of Fujian. It demands report on ICOs, trading and exchange websites by September 4th 2017 which has already passed.
Red Pulse has made an announcement that the company will be postponing the Red Pulse ICO token sale. It was slated to take place from September 10th – 24th 2017. The company has consulted its financial and legal advisers and they have come to conclusion that they need more time to better understand the current regulatory environment. Their new KYC process ensures that no citizen from China, USA or Singapore is able to take part in the token sale. This will definitely effect in Red Pulse ICO in a negative way as considerable investment was expected to come from those countries, especially China.
PivX is a fast growing crypto currency. There is a lot of hype around the privacy which is why currencies like Monero and PivX are on the rise. If you are not a day trader and want to store the PivX for a long time, the best way is making a paper wallet, thus storing it offline. PivX paper wallet generator is now online and you can generate one for yourself easily. Follow the steps given below to generate your own PivX paper wallet.
If you invest in right crypto currency in its early days, then there is a good chance that you would not have to worry about investing in pension funds – like the new Auctus ICO. It claims to be the a smart contract powered pension funds but once you visit their website, you are presented with a big blue button pointing to a whitepaper. Nothing else – no other link – nada.
Folks at Bittylicious have added Vertcoin (VTC) support which means you can now purchase Vertcoins directly, without buying Bitcoin or Ethereum. There is also no need to go to an exchange just to buy BTC/ETH first and then exchanage them for Vertcoins. It is possible to make the purchase on Bittylicious using bank transfer or credit card. Price is slightly higher when you buy Vertcoins using credit card due to higher transaction feeds.
Red Pulse is slated to be the first ICO that will use NEO to fund itself. Today, it announced that due to stricter ICO regulations, the Chinese citizens will not be allowed to take part in the Red Pulse ICO. Being the first ICO to use Neo, it means no skyrocketing of Neo like Ethereum this year. This is extremely bad for the Neo that was meant as the launchpad for ICOs. Ethereum is often used for funding the ICOs and this was massive chance for Neo to prove itself and replace Ethereum for funding.
Ripple team was there in China to have a meeting with Central bank of China to make cross border payments more seamless. Ripple’s official twitter account sent out a tweet regarding this and this caused the price to jump from $0.19 to $0.24. However, it shall be noted that China has strict stance on banking and fintech sector since the Chinese government consider these sector to be on national security’s priority list. So if a company does not have more than 51 percent Chinese shareholder, they would not be allowed to operate in China.
Hshare started its life as a small crypto currency coin and has been trading around 20 dollars from quite sometime. It had extremely small marketcap of 20 million dollars. Today, the company gave everyone 500 times the amount of Hshares they had. The thing is – each coin should technically be worth $0.04 but the market hasn’t reacted to the supply change. This can be explained like this – Imagine you are the first one to do the trade after your balance got multiplied 500 times and the bid book has not reset you to the new prices.
If you cannot afford a NEO hardware wallet or do not like their idea, you can still safely store funds on a NEO paper wallet. This is similar to Litecoin and bitcoin paper wallet. Here is how NEO paper wallet works – you send the funds from your current wallet to public address of NEO paper wallet. Once you have done it, you can track your funds at https://neotracker.io/ which is a blockchain explorer. If you wish to send it to another wallet, use the private key to log into NEO desktop wallet and send the funds.
A developer on Neo’s reddit page has confirmed that he has started working in making Ledger Nano S work with Neo wallet. Hardware wallets are extremely popular among people who want maximum security for their crypto currencies. If you are planning to store a large amount of Neo, going for hardware wallet like Ledger Nano S is a wise investment.