Renren cancels ICO following talk with Chinese regulators
Renren, the Chinese social network, has canceled their plans to launch an ICO after meeting with Chinese regulators. According to the company’s whitepaper, Renren intended to launch an ICO, dubbed RRcoin. Renren has chosen not to comment on whether or not their decision was influenced by Chinese regulators. In addition, the Bank of China has not yet commented on the matter.
Long Blockchain Corporation to move from iced tea to crypto industry
Long Island Iced Tea Corp has been just re-branded to ‘Long Blockchain Corporation’ (LBC), following the company board’s decision to pursue prospects in the blockchain industry. The company plans on installing the mining gear in the Nordic country to mine bitcoin.
BitMEX sells off all BCH funds, compensates holders in BTC instead
BitMEX has recently sold all of its users’ bitcoin cash holdings for bitcoin. Bitcoin Cash was created back in August as result of a Bitcoin hard fork. BitMex compensated users at a ratio of 1 BCH to 0.1707 BTC.
Kodak releases KodakCoin for KodakOne platform
Kodak has just announced launching its very own cryptocurrency, KodakCoin, which is intended to power Kodak’s new platform, the KodakOne platform. Photographers will be able to register their images and license them for appropriate use. In response to the news, Kodak’s stock doubled and closed at $6.80 on Tuesday.
