News Bitcoin Exchange Bitfinex Adds NEO, Price Soars As China...

Bitcoin Exchange Bitfinex Adds NEO, Price Soars As China Hints ICO Story Not Over


- Advertisment -

NEO has gained 50 percent this Thursday, after a major cryptocurrency exchange announced it would add the asset for traders.

The Chinese platform’s token, which plummeted following the People’s Bank of China’s ban on ICOs, is currently trading around $34, up from lows of near $17.

Bitfinex announced the move on Twitter and its blog earlier today.

“Bitfinex is excited to support the NEO ecosystem and the team behind the token, and to experience first hand the growth and development of the project,” it commented.

Altcoins have staged a broad comeback in the days following the initial crackdown in China on Monday.

China ICO story not over

Bitcoin has also reversed its previous losses, continuing to trade at around $4600 as of press time from lows of $4008 earlier in the week.

NEO had received mixed support following the events, with commentators eagerly awaiting reactions from developers as to how the platform would continue operating under a ban or future restrictions.

The latest information from the PBoC meanwhile suggests the story is not over for ICOs in China, and that a regulated environment could surface. This, as witnessed earlier this year, would be a similar approach to that taken by Chinese regulators to cryptocurrency exchanges.

“This current ban is a ‘stop’ but not a ‘forbidden,’” a source close to regulators told a Chinese TV station in an interview.



Source link

Latest news

The Bitcoin Billionaire app and thousands like it – how AI trading is swarming crypto

The appearance of the Bitcoin Billionaire app, an auto trading system changed and overtook the whole crypto...

Buy VPS With Bitcoin: The Top 10 List

In this article, we list the Best web hosting providers you can buy VPS with bitcoin. All...

5 of the Best Crypto Jobs Sites

The cryptocurrency and blockchain job market has exploded. With new blockchain start-ups and projects being founded at...

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...
- Advertisement -Bitcoin Exchange Bitfinex Adds NEO, Price Soars As China Hints ICO Story Not Over

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you