Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal

Cryptocurrencies are risky.  

“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.” ”

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

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