Daily Roundup – September 4, 2017

According to CNBC, China has banned fundraising through initial coin offerings (ICOs). A list of 60 major ICO platforms were inspected by local financial regulatory bodies.
According to Bloomberg, Sequoia Capital and IDG Capital have invested in China-based bitcoin mining giant Bitmain. The company is said to be raising $50 million from multiple venture firms.
According to Forbes, Russia has opened its first criminal case involving bitcoin. Three businessmen have been arrested for illegally trad