Written by Kyle Protho

Data Analyst at ICO Alert. Intelligence analyst by trade. Passionate about blockchain technologies.
February 7 2018

ICO Alert Crypto Minute: February 7, 2018

ICO Alert Crypto Minute: February 7, 2018

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Data pulled from CoinMarketCap.com at 8:13AM EST.
Data pulled from CoinMarketCap.com at 8:13AM EST. There were no negative returns on the top 100 coins/tokens in the past 24 hours.
See a complete list of Pre-ICOs and ICOs at ICOAlert.com.

Leaders of U.S. SEC and CFTC participated in a congressional hearing on cryptocurrencies and ICOs yesterday. Image from LineWeight.

U.S. Regulators Tougher on ICOs than Cryptocurrencies in Yesterday’s Congressional Hearing

Early in yesterday’s congressional hearing on cryptocurrencies and ICOs, SEC chairman, Jay Clayton, stated, “I believe every ICO I’ve seen is a security.” In response to Massachusetts Senator Elizabeth Warren, who asked Clayton whether any ICO had been subject to SEC registration, Clayton replied, “Not one,” and added that unregistered ICOs are illegal. However, he stated that ICOs and cryptocurrencies deserved different regulatory approaches.

Singapore’s Deputy Prime Minister Sees No Need to Ban Cryptocurrency Trading Yet

Singapore’s Deputy Prime Minister Tharman Shanmugaratnam claimed there is no strong case yet to ban cryptocurrency trading. According to Reuters, the Monetary Authority of Singapore (MAS) has been studying cryptocurrencies and their risks. After this research, Shanmugaratnam suggested that while not all coins and tokens will be successful, the full implications of their success will not be known for some time.

Warren Buffet’s Railroad Company Joins Blockchain in Transport Alliance

Berkshire Hathaway’s Railway Company, BNSF Railway Company has joined the Blockchain in Transport Alliance (BiTA). According to Cryptovest.com, BNSF Railway Company is the second largest freight railroad network in North America and is wholly owned by Warren Buffet. FedEx recently became a member of the alliance as well.

Ultimo Founder and Billionaire Businessman to Conduct USD 75 Million ICO

Ultimo lingerie founder, Michelle Mone, and her billionaire business partner, Doug Barrowman, are launching new investment platform called Equi. According to Business Insider, Equi will conduct an ICO in which the founders hope to sell USD 75 million-worth of Equi Tokens. Equi Tokens will be used to invest in tech, biotech, and cryptocurrency companies that Mone, Barrowman, and their team discover for token holders.

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Topics: Singapore, Blockchain, Cryptocurrency, Investing, Crypto Minute