Bitcoin buyers should be aware of the risks and look after themselves, top exchange CEO says

Traders tempted to invest in cryptocurrencies such as bitcoin must carry the burden of responsibility, according to the CEO of a leading cryptocurrency exchange. "I think ultimately consumers need to look out for themselves, look into the fundamentals of any coin and not rely on any particular exchange …
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China’s Regulatory Authority Warns About Risks of Initial Miner Offerings (news.bitcoin.com)

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.
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