{"id":15820,"date":"2017-11-22T07:00:34","date_gmt":"2017-11-22T15:00:34","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=15820"},"modified":"2019-11-07T02:30:03","modified_gmt":"2019-11-07T02:30:03","slug":"neo-china-ico-rumors","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/","title":{"rendered":"What’s Going on with NEO?"},"content":{"rendered":"

NEO is the latest altcoin to see a massive price gain in a volatile November cryptocurrency market.<\/p>\n

The cryptocurrency market is as volatile as ever, thanks in large part to the \u2018real\u2019 Bitcoin war. Most altcoins have seen a huge influx of investment as Bitcoin Cash<\/a> spews its molten lava across the industry. NEO\u2019s rumor mill has been teeming in recent days, making it the latest to benefit from investors seeking new profits.<\/p>\n

The price of NEO has surged from $26 to push through $40 on several occasions during mid-November. This is no surprise to many, with NEO widely-tipped as the altcoin to watch. Despite low prices, in recent months investors have been waiting for a price move driven by China.<\/p>\n

\"\"
NEO recently experienced an all time high, pumped on rumors of a big announcement that China will allow ICOs again, but only under the NEO platform.<\/figcaption><\/figure>\n

Big News For NEO<\/h2>\n

\"\"<\/a>It promises to be a big November for NEO<\/a> as speculation grows on developments for the cryptocurrency. The price surged more than 15% with the news that Onchain is working with NEO for the Ontology Platform, a distributed trust network.<\/p>\n

NEO continues to gain strength and could become a strong competitor to the Ethereum blockchain thanks to the programming flexibility on offer.<\/p>\n

Rumors in the West are buzzing about what is going on in the East, specifically China. China\u2019s ban on ICOs has invoked some pretty strong opinions (as government involvement in cryptocurrency always does). It is not a huge leap to believe that China may eventually lift the ban to allow companies to work with NEO, a Chinese blockchain.<\/p>\n

\"\"
The founder of NEO, formerly known as AntShares, Da Hongfei, founded NEO in 2014.<\/figcaption><\/figure>\n

With 60% of the world's crypto investors situated in China, a selection of investors sees this as a potential upswing possibility. If they are all forced to work with\u00a0NEO for ICOs<\/a> that could trigger huge demand.<\/p>\n

On the other hand, there are some worrying signs that NEO is much more centralized than previously thought.<\/p>\n

In fact, at the time of writing, there are only 13 nodes on the network, all of them handpicked and white-flagged by the developers. That\u2019s a stunning control of a two-year-old crypto with a market cap of over two and a half billion dollars.<\/p>\n

Is this control being driven by the Chinese government? Possibly, but after doing a little digging it looks unlikely.<\/p>\n

A piece from Store of Value<\/a> brings to the fore several worrying points, none more so than data suggesting no one in China even notices NEO. Buyers are surging from the West on the promise of a bright future.\u00a0The article stunningly reveals the following:<\/p>\n

\u201cMore than 90% of NEO\u2019s volume comes from Bittrex and Binance, two exchanges used mainly by Westerners.\u201d<\/p><\/blockquote>\n

If true it becomes quite an eye opener for anyone looking at NEO. But then what in the Bitcoin<\/a> and cryptocurrency world is not<\/em> a speculative \u2018promise of a bright future\u2019?\u00a0Even Bitcoin is an experiment for which we don\u2019t know the outcome. So far there is no real-world, widespread use of cryptocurrency or blockchains. We don\u2019t transact cryptos in day-to-day life or even store value. We are all gambling on a promise that this is the future.<\/p>\n

The close of 2017 should be interesting for NEO<\/a>. How many strong ICOs will jump on board with them? It still remains to be seen whether China will begin allowing ICOs<\/a> again, and if so, whether there will be a requirement to use NEO as the blockchain platform. \u00a0In the meantime, at the very least we should know in the next few days what big announcement the NEO team has in store for us.<\/p>\n

Update<\/h2>\n

Today NEO issued a formal apology<\/a> to the NEO community in response to the backlash about how they handled last Friday's teaser “announcement of an announcement.” This caused many to speculate NEO would be announcing news of relaxed Chinese regulations, however this proved not to be the case.<\/p>\n

The announcement instead still focused on positive news such as a partnership with Microsoft China and a new public platform for distrivuted trust networks known as Ontology. Additionally, members from the largest community organization released a whitepaper for a decentralized exchange known as NEX. Exciting times are definitely in store for the NEO project and community.<\/p>\n","protected":false},"excerpt":{"rendered":"

NEO is the latest altcoin to see a massive price gain in a volatile November cryptocurrency market. The cryptocurrency market is as volatile as ever, thanks in large part to the \u2018real\u2019 Bitcoin war. Most altcoins have seen a huge influx of investment as Bitcoin Cash spews its molten lava across the industry. NEO\u2019s rumor […]<\/p>\n","protected":false},"author":9,"featured_media":15898,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"post_folder":[],"acf":[],"yoast_head":"\nWhat's Going on with NEO?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What's Going On With NEO?\" \/>\n<meta property=\"og:description\" content=\"NEO is the latest altcoin to see a massive price gain in a volatile November cryptocurrency market. The cryptocurrency market is as volatile as ever, thanks in large part to the \u2018real\u2019 Bitcoin war. Most altcoins have seen a huge influx of investment as Bitcoin Cash spews its molten lava across the industry. NEO\u2019s rumor […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-22T15:00:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-07T02:30:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/11\/neo-china-ico-rumors-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1648\" \/>\n\t<meta property=\"og:image:height\" content=\"588\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Eliot Prince\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"What's Going on with NEO?\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eliot Prince\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/\"},\"author\":{\"name\":\"Eliot Prince\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/43b27ae81d618d4b7cda365292ffd019\"},\"headline\":\"What’s Going on with NEO?\",\"datePublished\":\"2017-11-22T15:00:34+00:00\",\"dateModified\":\"2019-11-07T02:30:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/\"},\"wordCount\":742,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"articleSection\":[\"Rumors\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#respond\"]}],\"copyrightYear\":\"2017\",\"copyrightHolder\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/\",\"url\":\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/\",\"name\":\"What's Going on with NEO?\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/#website\"},\"datePublished\":\"2017-11-22T15:00:34+00:00\",\"dateModified\":\"2019-11-07T02:30:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptoslate.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What’s Going on with NEO?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptoslate.com\/#website\",\"url\":\"https:\/\/cryptoslate.com\/\",\"name\":\"CryptoSlate\",\"description\":\"Cryptocurrency News and Real-time Coin Data\",\"publisher\":{\"@id\":\"https:\/\/cryptoslate.com\/#organization\"},\"inLanguage\":\"en-US\"},{\"@type\":[\"Organization\",\"NewsMediaOrganization\"],\"@id\":\"https:\/\/cryptoslate.com\/#organization\",\"name\":\"CryptoSlate\",\"url\":\"https:\/\/cryptoslate.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"CryptoSlate\"},\"image\":{\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/cryptoslate\",\"https:\/\/www.instagram.com\/cryptoslate\",\"https:\/\/www.linkedin.com\/company\/cryptoslate\",\"https:\/\/www.youtube.com\/c\/cryptoslate\",\"https:\/\/cryptoslate.substack.com\",\"https:\/\/t.me\/cryptoslatenews\",\"https:\/\/www.tiktok.com\/@cryptoslatenews\"],\"publishingPrinciples\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"ownershipFundingInfo\":\"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/\",\"actionableFeedbackPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"correctionsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"ethicsPolicy\":\"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles\",\"foundingDate\":\"2017-08-04\",\"founder\":[{\"@type\":\"Person\",\"name\":\"Nate Whitehill\"},{\"@type\":\"Person\",\"name\":\"Matthew Blancarte\"}],\"contactPoint\":[{\"@type\":\"ContactPoint\",\"contactType\":\"customer support\",\"url\":\"https:\/\/cryptoslate.com\/contact\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"sales\",\"url\":\"https:\/\/cryptoslate.com\/advertising\/\",\"availableLanguage\":\"en-US\"},{\"@type\":\"ContactPoint\",\"contactType\":\"newsroom\",\"url\":\"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback\",\"email\":\"tips@cryptoslate.com\",\"availableLanguage\":\"en-US\"}],\"masthead\":\"https:\/\/cryptoslate.com\/about\/#masthead\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/43b27ae81d618d4b7cda365292ffd019\",\"name\":\"Eliot Prince\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/cs-eliot-150x150.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/cs-eliot-150x150.jpg\",\"caption\":\"Eliot Prince\"},\"description\":\"After discovering Bitcoin, Eliot quickly became fascinated with cryptocurrency and the blockchain industry. He is excited to work towards a future that includes the application of blockchain technology and digital currency in the wider world. As a freelancer working with companies across the globe, the growth in blockchain technology could soon make his work a little smoother.\",\"sameAs\":[\"http:\/\/www.eliotprince.com\"],\"url\":\"https:\/\/cryptoslate.com\/author\/eliot-prince\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What's Going on with NEO?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/","og_locale":"en_US","og_type":"article","og_title":"What's Going On With NEO?","og_description":"NEO is the latest altcoin to see a massive price gain in a volatile November cryptocurrency market. The cryptocurrency market is as volatile as ever, thanks in large part to the \u2018real\u2019 Bitcoin war. Most altcoins have seen a huge influx of investment as Bitcoin Cash spews its molten lava across the industry. NEO\u2019s rumor […]","og_url":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/","og_site_name":"CryptoSlate","article_published_time":"2017-11-22T15:00:34+00:00","article_modified_time":"2019-11-07T02:30:03+00:00","og_image":[{"width":1648,"height":588,"url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/11\/neo-china-ico-rumors-cover.jpg","type":"image\/jpeg"}],"author":"Eliot Prince","twitter_card":"summary_large_image","twitter_title":"What's Going on with NEO?","twitter_creator":"@cryptoslate","twitter_site":"@cryptoslate","twitter_misc":{"Written by":"Eliot Prince","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#article","isPartOf":{"@id":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/"},"author":{"name":"Eliot Prince","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/43b27ae81d618d4b7cda365292ffd019"},"headline":"What’s Going on with NEO?","datePublished":"2017-11-22T15:00:34+00:00","dateModified":"2019-11-07T02:30:03+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/"},"wordCount":742,"commentCount":0,"publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"articleSection":["Rumors"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#respond"]}],"copyrightYear":"2017","copyrightHolder":{"@id":"https:\/\/cryptoslate.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/","url":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/","name":"What's Going on with NEO?","isPartOf":{"@id":"https:\/\/cryptoslate.com\/#website"},"datePublished":"2017-11-22T15:00:34+00:00","dateModified":"2019-11-07T02:30:03+00:00","breadcrumb":{"@id":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptoslate.com\/neo-china-ico-rumors\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/cryptoslate.com\/neo-china-ico-rumors\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptoslate.com\/"},{"@type":"ListItem","position":2,"name":"What’s Going on with NEO?"}]},{"@type":"WebSite","@id":"https:\/\/cryptoslate.com\/#website","url":"https:\/\/cryptoslate.com\/","name":"CryptoSlate","description":"Cryptocurrency News and Real-time Coin Data","publisher":{"@id":"https:\/\/cryptoslate.com\/#organization"},"inLanguage":"en-US"},{"@type":["Organization","NewsMediaOrganization"],"@id":"https:\/\/cryptoslate.com\/#organization","name":"CryptoSlate","url":"https:\/\/cryptoslate.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2018\/05\/c-logo.jpg","width":1000,"height":1000,"caption":"CryptoSlate"},"image":{"@id":"https:\/\/cryptoslate.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/cryptoslate","https:\/\/www.instagram.com\/cryptoslate","https:\/\/www.linkedin.com\/company\/cryptoslate","https:\/\/www.youtube.com\/c\/cryptoslate","https:\/\/cryptoslate.substack.com","https:\/\/t.me\/cryptoslatenews","https:\/\/www.tiktok.com\/@cryptoslatenews"],"publishingPrinciples":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","ownershipFundingInfo":"https:\/\/cryptoslate.com\/disclaimers\/how-cryptoslate-makes-and-spends-money\/","actionableFeedbackPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","correctionsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","ethicsPolicy":"https:\/\/cryptoslate.com\/editorial-policy\/#editorial-principles","foundingDate":"2017-08-04","founder":[{"@type":"Person","name":"Nate Whitehill"},{"@type":"Person","name":"Matthew Blancarte"}],"contactPoint":[{"@type":"ContactPoint","contactType":"customer support","url":"https:\/\/cryptoslate.com\/contact\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"sales","url":"https:\/\/cryptoslate.com\/advertising\/","availableLanguage":"en-US"},{"@type":"ContactPoint","contactType":"newsroom","url":"https:\/\/cryptoslate.com\/editorial-policy\/#corrections-feedback","email":"tips@cryptoslate.com","availableLanguage":"en-US"}],"masthead":"https:\/\/cryptoslate.com\/about\/#masthead"},{"@type":"Person","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/43b27ae81d618d4b7cda365292ffd019","name":"Eliot Prince","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptoslate.com\/#\/schema\/person\/image\/","url":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/cs-eliot-150x150.jpg","contentUrl":"https:\/\/cryptoslate.com\/wp-content\/uploads\/2017\/10\/cs-eliot-150x150.jpg","caption":"Eliot Prince"},"description":"After discovering Bitcoin, Eliot quickly became fascinated with cryptocurrency and the blockchain industry. He is excited to work towards a future that includes the application of blockchain technology and digital currency in the wider world. As a freelancer working with companies across the globe, the growth in blockchain technology could soon make his work a little smoother.","sameAs":["http:\/\/www.eliotprince.com"],"url":"https:\/\/cryptoslate.com\/author\/eliot-prince\/"}]}},"_links":{"self":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/15820"}],"collection":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/comments?post=15820"}],"version-history":[{"count":7,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/15820\/revisions"}],"predecessor-version":[{"id":117885,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/posts\/15820\/revisions\/117885"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media\/15898"}],"wp:attachment":[{"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/media?parent=15820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/categories?post=15820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/tags?post=15820"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/cryptoslate.com\/wp-json\/wp\/v2\/post_folder?post=15820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}