Can the SEC consider the China Center for Information and Industry Development a ratings agency like ICObench or ICOmarks? I reckon they function similarly and it would not be that dubious to speculate that they also accept payments from projects like EOS, Ethereum and Tron to shill.
The SEC penalized Russia-based ICO Rating for failing to disclose it was being paid to shill cryptocurrency projects. The enforcement action comes as the Commission continues to crack down on firms that tout crypto securities without disclosures.
ICO Rating is one of several mostly Russian-run crypto rating agencies, behind ICOBench and ICOmarks. The firm advertises itself as an “independent” rating and research service on a mission to “help the market achieve the necessary standards of quality, transparency, and reliability.”
However, it seems ICO Rating failed to adhere to its own mission statement. The SEC found that the agency covertly accepted payments to shill cryptocurrency securities that were supposedly being evaluated ‘independently.’
ICO Rating violated the anti-touting provisions of the Securities Act of 1933 because it “failed to disclose that it was paid by certain issuers whose ICO offerings it rated,” said the Commission.
ICO Rating agreed to pay disgorgement and prejudgement interest of 107,000 and civil penalties of $162,000, without admitting or denying the SEC’s findings, for a total of $269,000.
Read in full https://cryptoslate.com/sec-charges-ico-rating-shilling-crypto-projects-disclosure/
Topic: EOS and Ethereum might be pumped in China this year (Read 695 times)
just watched out when are they going to pump those coins.. take an exit then buy again after,..
The hype on China based Bo Shen's investments on EOS and Bitshares never stops. Another platform based in China is also Tron. It is no.2 in the China Center for Information and Industry Development's list of top cryptocoins when it replaced the former no.2 Ethereum, also a Bo Shen coin hehehe.
Source of hype https://insidebitcoins.com/news/weiss-crypto-4-cryptocurrencies-lead-the-pack-in-transactions/221046
Source of hype https://insidebitcoins.com/news/weiss-crypto-4-cryptocurrencies-lead-the-pack-in-transactions/221046
It is surprising to know that the rankings came from the government. I do not think it's proper for government to rank censorship resistance/decentralized blockchain. They will end giving undue advantages to government friendly centralized blockchains
It is not a part of the Chinese government, I already edited my original post. It is a ranking service run by private consulting firm. However, it does not change that it might be corrupt and that it might be under the influence of certain Chinese billionaires who have invested in some projects in the cryptospace.
CCID Consulting was the first Chinese consulting firm listed in the Growth Enterprise Market (GEM, Chinese: 創業板) of Hong Kong Stock Exchange, and is a direct affiliate to the China Center for Information Industry Development (CCID Group). Headquartered in Beijing, CCID Consulting has branch offices in Shanghai, Guangzhou, Shenzhen, Nanjing, Wuhan and Chengdu, with over 300 professional consultants.
Source https://en.m.wikipedia.org/wiki/CCID_Consulting
I prefer looking at cryptocurency market ranking to see what's the top coins. Yes it affects peoples judgment onnwht to invest. Whatever their plan maybe, I see it as a positive sign. That could boost awareness to the public.
Still, the Ethereum is far ahead of them. EOS or NEO need more development. Also Ethereum has a very good system and the costs are very low.
It is surprising to know that the rankings came from the government. I do not think it's proper for government to rank censorship resistance/decentralized blockchain. They will end giving undue advantages to government friendly centralized blockchains
EOS isn't a complete product so it does not deserve the number one spot. Even NEO has got a platform ready product so it should be above EOS. Realistically ethereum should retake the number 1 spot as it has proven itself to be capable of hosting thousands of DAPPS
I completely agree with you and really will always support etherium, because I consider this platform as the most profitable for the cryptocurrency market. I’m just pissed off by platforms like EOS, which require more commission ahead before creating a wallet. 
EOS isn't a complete product so it does not deserve the number one spot. Even NEO has got a platform ready product so it should be above EOS. Realistically ethereum should retake the number 1 spot as it has proven itself to be capable of hosting thousands of DAPPS
@peter0425. Agreed. However, it is not only in China. Greedy speculation occurs around the world with some saying that it is occurring more times in the west in New York or London than in Beijing hehehe.
If China will be a country where ordinary money will be converted into cryptocurrency, then it makes sense to take these ratings seriously. Otherwise, we have an objective CMC for now.
China is a country that is quick in understanding technology more than us and that is why their economy is growing higher, I wouldn’t be surprise if very soon they convert their money into cryptocurrency.After all, majority of their transactions has also been digital because it is obvious that virtually every country patronizes their products one way or another especially through Alibaba and most of the payment going through Alibaba has been online, so they might really consider converting their ordinary money to crypto and this will really help the market and value we see in coinmarketcap will shoot higher.
Back to the topic, I'm sure everyone knows what's the reason behind why they love altcoins. They just won't simply accept bitcoin because of the freedom it can give to their population.
If China will be a country where ordinary money will be converted into cryptocurrency, then it makes sense to take these ratings seriously. Otherwise, we have an objective CMC for now.
China is a country that is quick in understanding technology more than us and that is why their economy is growing higher, I wouldn’t be surprise if very soon they convert their money into cryptocurrency.After all, majority of their transactions has also been digital because it is obvious that virtually every country patronizes their products one way or another especially through Alibaba and most of the payment going through Alibaba has been online, so they might really consider converting their ordinary money to crypto and this will really help the market and value we see in coinmarketcap will shoot higher.
@DeepChipolino. Agreed, only if the investor is only looking for something to pump and dump. You should not trust a ratings agency that rates bitcoin below the possibly scam projects such as GXchain or Onthology.
If China will be a country where ordinary money will be converted into cryptocurrency, then it makes sense to take these ratings seriously. Otherwise, we have an objective CMC for now.
This news article based on data from a report made by Coinlib might prove that my speculation is correct. Chinese speculators are indeed buying bitcoin to buy EOS, Tron, Ethereum and all of their favorite pumps hehehe.
According to data from Coinlib, Bitcoin investments in China rose as the valuation of the cryptocurrency improved. Statistics released by Coinlib showed that the capital inflow into Bitcoin, in terms of Chinese yuan [CNY] placed the fiat currency in the top fiat currencies invested in the crypto ecosystem.
Chinese yuan [CNY] was highly active in terms of cryptocurrency investment. At press time, the Chinese fiat currency registered investments of around $166.49 million in Bitcoin, and Ether witnessed a capital inflow of $75 million in the same period.
Read in full https://ambcrypto.com/bitcoin-btc-witnesses-huge-influx-of-capital-via-chinas-fiat-currency/
According to data from Coinlib, Bitcoin investments in China rose as the valuation of the cryptocurrency improved. Statistics released by Coinlib showed that the capital inflow into Bitcoin, in terms of Chinese yuan [CNY] placed the fiat currency in the top fiat currencies invested in the crypto ecosystem.
Chinese yuan [CNY] was highly active in terms of cryptocurrency investment. At press time, the Chinese fiat currency registered investments of around $166.49 million in Bitcoin, and Ether witnessed a capital inflow of $75 million in the same period.
Read in full https://ambcrypto.com/bitcoin-btc-witnesses-huge-influx-of-capital-via-chinas-fiat-currency/
It appears that the China Center for Information and Industry Development has declared its next pump for 2019 or 2020. Tron.
According to their updated cryptocoin ranking, EOS is no.1 and Tron no.2 and with Ethereum no.3 hehehe.
Source https://news.bitcoin.com/chinas-crypto-ranking-bitcoin-tron/
According to their updated cryptocoin ranking, EOS is no.1 and Tron no.2 and with Ethereum no.3 hehehe.
Source https://news.bitcoin.com/chinas-crypto-ranking-bitcoin-tron/
Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.
I do agree with you. Without a proper pump in the crypto market, only ETH and EOS can't be the pump. If China chooses to pump the Bitcoin price then every other coin in the crypto market will be pumped but without BTC, ETH and EOS will fail to make a high price.
Of course, we already know these two coins are actively developing which it is a very good sign for the people who are holding but it doesn't mean they will pump these two coins. Why don't you consider them in a different way, because once the market starts recovering all the coins prices will start increasing in the market.
I do agree with you. Without a proper pump in the crypto market, only ETH and EOS can't be the pump. If China chooses to pump the Bitcoin price then every other coin in the crypto market will be pumped but without BTC, ETH and EOS will fail to make a high price.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The EOS and Ethereum pump by, I assume the Chinese investors have begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.
Not only ETH and EOS, but the whole crypto market also pumped. So, I don't think it is happened because of Chinese investors/traders. Rather the crypto market has some good news, therefore ETH hard fork is coming! So, by all means, every coin's price is pumping. You might be right but still, I have a different opinion here.
When bitcoin is pumping, most cryptocoins would also begin pumping without any good reason.
In any case, the speculated Chinese investors that are buying EOS and Ethereum might not be bitcoin holders, however. They first needed to buy bitcoin which caused a pump, then buy EOS and Ethereum, which caused another pump.
So if bitcoin can get a pump, it's the best time for us to sell some bitcoin, right? And then we can buy EOS and Ethereum too just in case those coins can follow increase too. But in these situations, it is difficult to predict if EOS and Ethereum can increase or not because it depends on bitcoin price itself. And when bitcoin can stay or increase for the price now, I guess that many altcoins will rise.
The EOS and Ethereum pump by, I assume the Chinese investors have begun. However, if you are afraid to buy into them because you think the prices are high, then wait for the correction or take a look at the other similar smart contracts projects. Most of them might also be pumped by Chinese traders.
Not only ETH and EOS, but the whole crypto market also pumped. So, I don't think it is happened because of Chinese investors/traders. Rather the crypto market has some good news, therefore ETH hard fork is coming! So, by all means, every coin's price is pumping. You might be right but still, I have a different opinion here.
When bitcoin is pumping, most cryptocoins would also begin pumping without any good reason.
In any case, the speculated Chinese investors that are buying EOS and Ethereum might not be bitcoin holders, however. They first needed to buy bitcoin which caused a pump, then buy EOS and Ethereum, which caused another pump.
Jump to: