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Renren, āThe Facebook of China,ā has cancelled its plan for an ICO. Photo from Olinchuk.
Renren, āThe Facebook of China,ā CancelsĀ ICO
Renren, āThe Facebook of China,ā 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 Peopleās Bank of China commented on theĀ issue.
Switzerland Created Blockchain and ICO Enforcement TaskĀ 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 Blockchainās first meeting will be held on January 12,Ā 2018.
Kodakās Stocks More Than Doubles After Announcing Blockchain-Based Rights-Management Service
According to Business Insider, Kodakās 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 ānot interestedā in cryptocurrencies or blockchain technology at all. According to the Independent, Dimon specifically referred to Bitcoin as a bubble that was āworse than tulipsĀ bulbs.ā
Data pulled from CoinMarketCap.com at 7:22AMĀ EST.Data pulled from CoinMarketCap.com at 7:22AMĀ EST.Data pulled from CoinMarketCap.com at 7:22AMĀ EST.
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ICO Alert Crypto Minute: January 10, 2018 was originally published in ICO Alert Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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