China banned ICO

People's Bank of China released official statement, that bans ICOs
04 September 2017   3071

The People's Bank of China issued a banning order for the initial offers of coins (ICO) in the country. This is reported by Silicon Angle with reference to the local edition of Caixin.

The prohibition concerns not only the new initial coin offering. In addition, organizations and individuals who have already conducted an ICO by now will have to return funds to investors.

The decision to ban the ICO came into force last weekend. As a consequence, the large-scale conference on the ICO, which was to be held on September 2 in Beijing, was canceled. Also, the authorities warned all major trading platforms about the official ban of ICO as "illegal financial activity." 

The market reaction was not long in coming.

Top 10 cryptocurrencies
Top 10 cryptocurrencies

As you can see on the screenshot of CoinMarketCap, all cryptocurrencies are losing their positions. Ethereum, Litecoin, IOTA and Ethereum Classic lost over 10% in 24 hours.

Vinnik Extradtion to France to be Supported by SCoG

Alexander is holding the hunger strike for 24 days and lost around 9 kilos
19 December 2018   22

Following the trial court of the city of Thessaloniki, the Greek Areopagus decided to extradite Alexander Vinnik, suspected of laundering $ 4 billion through the BTC-e cryptocurrency exchange, to France. Thus, the appeal of Russian lawyers was rejected, reports TASS referring to the chairman of the court Angelique Aliferopoul.

After the announcement of the verdict, Alexander Vinnik declared that he would continue the hunger strike against the arbitrary rule of the Greek authorities, which began in mid-November.

I have been starving for 24 days. Yesterday I was weighed; according to the documents, I lost 8 kg. But they did not immediately begin to weigh me, only on the third day. So I lost 9 kg. If I'll be extradited to Moscow, I will stop starving.

Alexander Vinnik


Alexander Vinnik was detained in Greece at the request of the American authorities on July 25, 2017. In June 2018, Vinnik was arrested in absentia in Russia on charges of cyber fraud on a large scale.

At the moment, there have been several court decisions on the extradition of Vinnik - at the request of the United States, at the request of France and two decisions at the request of Russia. The final decision on the case will take the Minister of Justice of Greece.