Quote from: TheWolf666 on August 29, 2017, 12:37:31 PM

Re: Is Fraud and Scam killing the Altcoins?

Today the SEC sent an alarm again about ICO pumps and scams: https://www.coindesk.com/sec-warns-public-companies-using-icos-pump-stocks/

As a day trader, I can see it everyday, scam after scam, the altcoins are in suicide mode.

Today we reached the higher capitalization ever, thank to ETH going up to $360, but on the altcoin side, there is nothing happening, no money to make. Why?

Reiterating that although no one can predict with certainty, a crackdown by SEC against ICOs could plausibly coincide with another bear market in crypto similar to 2014.

Perhaps the authorities could freeze/confiscate ICO tokens on centralized exchanges within their jurisdictions.

A new treaty went into effect in 2017 and all G20 nations are required to share financial data on the people in their jurisdictions with each. Perhaps some coordination on freezing ICO tokens at exchanges all over the world is coming. Or just a freeze in the USA or other significant jurisdictions might be sufficient to spook the trading markets.

ETH has become the Pink Sheets listing system for scammy crypto ICOs. Could ETH be also frozen and confiscated on exchanges?

On top of this we have a bubble forming in cryptocurrencies in general, potentially ripe for a massive correction as we reach some nosebleed level.

Additionally new laws may be coming which prevent you from crossing a border legally without declaring all your cryptocurrency wealth.

Quote from: Cryptogladys on August 29, 2017, 01:48:06 PM

read that there are some ICO regulations issue in China... who knows something more about it?

Quote from: sadema on August 29, 2017, 01:50:04 PM

NEO's first ICO Red Pulse just tweeted two hours ago that they won't be selling to Chinese investors. I had 5 NEO and just sold them.

Quote from: UseTheBitcoin on August 29, 2017, 01:58:18 PM

Wrote an article about this, feedback from experienced crypto enthusiast is welcome

http://usethebitcoin.com/regulations-in-china-regarding-icos-affect-neo-price/

Quote from: https://www.coindesk.com/chinas-new-fundraising-rules-lead-ico-investigations/

If the department overseeing illegal fundraising activities found a fundraising without proper permission, or a fundraising that violates the relevant provisions of the State, and if one of the following circumstances is found, the department shall launch an administrative investigation. Other relevant departments shall cooperate with the investigation.
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(2) to raise funds in the name of issuing or transferring equity, raising funds, selling insurance, or engaging in asset management activities, virtual currency, leasing, credit cooperation and mutual funds..."