Written by Kyle Protho

Data Analyst at ICO Alert. Intelligence analyst by trade. Passionate about blockchain technologies.
January 10 2018

ICO Alert Crypto Minute: January 10, 2018

ICO Alert Crypto Minute: January 10, 2018

ICO Alert does not provide investment, financial, or legal advice. This site cannot substitute for professional advice and independent factual verification. ICO Alert does not endorse any initial coin offerings advertised on this site but does receive compensation for advertising certain offerings. The content provided or linked on this site is for informational purposes only. Please click here for additional important information.

Renren, “The Facebook of China,” has cancelled its plan for an ICO. Photo from Olinchuk.

Renren, “The Facebook of China,” Cancels ICO

Renren, “The Facebook of China,” has cancelled its plan for an ICO after Chinese regulators discouraged the company from carrying it out. As reported by Bloomberg, Chinese regulators declared ICO illegal in September 2017. Neither Renren nor the People’s Bank of China commented on the issue.

Switzerland Created Blockchain and ICO Enforcement Task Force

The Swiss government the Taskforce Blockchain to enforce its regulatory framework on blockchain startups and ICOs. According to Coindesk, the Swiss Finance Minister, Ueli Mausrer, and the Swiss Economics and Education Minister, Johann Schneider-Ammann, are leading the task force. The Taskforce Blockchain’s first meeting will be held on January 12, 2018.

Kodak’s Stocks More Than Doubles After Announcing Blockchain-Based Rights-Management Service

According to Business Insider, Kodak’s stock increased 127 percent on January 9, 2018 after the company announced it is launching new blockchain-based rights-management service. The proposed service will enable photographers get paid for the use of their images. The service will crawl the internet for unlicensed use of photographs, and the service will then help photographers get paid for those photographs.

Dimon Expresses Regret Over Calling Bitcoin a Fraud in September 2017

In an interview with Fox Business, Jamie Dimon, the CEO of JP Morgan, admitted that he regretted calling Bitcoin a fraud in September 2017. However, he also claimed that he is “not interested” in cryptocurrencies or blockchain technology at all. According to the Independent, Dimon specifically referred to Bitcoin as a bubble that was “worse than tulips bulbs.”


Data pulled from CoinMarketCap.com at 7:22AM EST.
Data pulled from CoinMarketCap.com at 7:22AM EST.
Data pulled from CoinMarketCap.com at 7:22AM EST.

Have a major development in mind or an opinion on a story listed above? Please submit your comments below to get the conversation started.

Follow ICO Alert on LinkedIn, Twitter, and Facebook.

Topics: Cryptocurrency, Blockchain, Crypto Minute, China, Switzerland