Black Monday:

China Deems Initial Coin Offerings Illegal.

🚨 Coin markets dropped by $22 BILLION over the weekend ahead of Chinese regulators banning the use of token sales via ICOs (Initial Coin Offerings)!

CNBC article can be seen here.

Ethereum lost 20% (down $6 billion) in just 24 hours.

NEO (the “Ethereum of China”) lost 36%.

Bitcoin dropped a modest 8% (or about $300).

It’s ironic because the Chinese word for “crisis” is made up of two characters:

  1. “danger”
  2. “opportunity”

With new token regulations, is this a buying opportunity or does this signal there is more danger to come?

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