The D.C.-based Blockchain Association will now oversee Kik’s “Defend Crypto” campaign, with the added goal of helping other startups fight legal cases.
CoinDesk
Watch: Why This Video Could Doom Kik’s SEC Fight
Kik CEO Ted Livingston may have already doomed the chat app’s chances to win its high-profile legal battle with the US Securities and Exchange Commission (SEC) regarding its Kin cryptocurrency, a video uncovered by The Block suggests. Kik’s SEC Gambit As CCN reported, the SEC has sent Kik a “Wells submission,” a prelude to suing the Canadian company for violating securities regulations via its nearly $ 100 million initial coin offering. The letter from the SEC reads, in part: This proposed action would allege violations of Sections 5(a) and 5(c) of the Securities Act. The recommendation may involve a civil injunctive
Under Fire from the SEC, Kik’s Crypto Project is Going to War
Canadian messaging app company Kik Interactive Inc. is planning to take the SEC to court over a potential enforcement action against Kik’s 2017 initial coin offering (ICO) of the Waterloo, Ontario-based tech company’s proprietary cryptocurrency, Kin. A Kik representative told CCN the stakes are high for the entire cryptocurrency industry: We are unsure of how
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KiK’s Kinit App Now Lands on iOS Platform
Kinit application users can set up the Kin wallet in quick simple steps while engaging in intuitive activities to earn Kin tokens. Users can also access the Kin marketplace, comprising of a variety of brands and retailers.
After Android, Kinit App Set to Rock the iOS Platform
On Wednesday, August 22, the Kin Foundation announced the launch of its Kinit Application on the iOS App Store. iOS users will be able to earn and spend the Kin cryptocurrency natively within the Kinit iOS application. The Kin digital tokens were launched last year by popular messaging service Kik through a highly successful $ 100 million ICO.