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Viberate, a decentralized marketplace platform for live music industry, has successfully completed its Vibe token crowdsale in record time of 4 minutes and 42 seconds.

Despite a legal crackdown on the cryptocurrency market on Monday, the market for digital coins is rallying with bitcoin cash leading the pack.

China's banning of initial coin offerings may stop scams but these ICOs are very much here to stay, industry experts told CNBC.

Chinese regulators on Monday declared initial coin offerings illegal, dealing a blow to the latest financial-markets mania and sending the prices of the two leading cryptocurrencies, bitcoin and ether, tumbling.