Bitcoin News 6 September 2017 – Cryptocurrency Prices Bounce Back amidst ICO clamp down.

Bitcoin News today highlighting cryptocurrency price bounce back after a slump earlier this week due to the news that China has officially outlawed ICO’s. Most ICO’s are created on the Ethereum Network and other platforms – could the move in price for top cryptocurrencies be attributed to speculators and investors moving away from ICO’s? Exchanges have started the refund process.

 

Top 10 Crypto’s on coinmarketcap.com all showing gains in the past 24 hours.

 

 

Adding to the ICO discussion, the Hong Kong financial regulator, the Securities and Futures Commission (SFC), announced that tokens issued via initial coin offerings, or ICOs, may be classified as securities.

 


 

Other News Headlines:

 

Deputy Prime Minister of Russia, Yury Trutnev, Russia’s central bank has approved the country’s first cryptocurrency exchange, called “Voskhod.” Russia is fast moving ahead with embracing the digital economy on various fronts, as well as mining.

 

Scandinavia Leads Europe With Latest Bitcoin Exchange Traded Note Launch – we are seeing more of these traditional investments branching out into cryptocurrency – investor and institutional adoption is on the rise which is a significant driver of the Bitcoin price.

 

Yet another hacking – Latin American social site Taringa, often called ‘Latin America’s Reddit’, has suffered a massive breach of user data – over 28 million. Login details for nearly all of the site’s users were compromised. It is vital for us all to guard our digital footprint.

 

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