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Companies Deny Having Bitcoin or Blockchain Services Amid China’s Clampdown

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After Xunlei was questioned about Initial Miner Offerings (IMO), multiple public companies clarified that they did not and will not tap into the blockchain space. A Shenzhen-based bitcoin miner manufacturer issued a statement saying the business hasn’t generated much profit for the company. Also Read：China’s Regulatory Authority Warns About Risks of Initial Miner Offerings Produce … Read more

China’s Regulatory Authority Warns About Risks of Initial Miner Offerings

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National Internet Finance Association of China (NIFA) this Friday announced that IMOs (Initial Miner Offerings), represented by the token Wankebi and issued by Xunlei (NASDAQ: XNET), are ICOs in disguise and have emerged as a potentially risky model that warrants vigilance. Also Read: Exchange Problems Mount at Kraken and Coinbase but Bitfinex Reopens Registrations Risk Alert on … Read more