By CCN.com: Kik might very well have good intentions by inviting a fight with the U.S. Securities and Exchange Commission. If the litigation, which the securities regulator has filed against the company, goes Kik’s way, it will set a precedent for other blockchain startups that have taken a similar approach to raise funds in an … Read more
By CCN.com: Canadian mobile-messaging company Kik is preparing to fight the SEC tooth-and-nail when the agency sues the firm over its $100 million ICO. Many companies settle to avoid a protracted and expensive legal war. However, Kik says the best way to force the Securities and Exchange Commission to issue regulatory clarity is through a … Read more
By CCN.com: The Kin Foundation is attempting to take crypto regulation into its own hands. In an interview with Laura Shin on the Unchained podcast, Ted Livingston, founder of the Kin Foundation and Kik CEO, unveiled the Defend Crypto fund, which is designed to “fight the SEC in court.” The fund, which was launched on … Read more
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.com reported, the SEC has sent Kik a “Wells submission,” a prelude to suing … Read more
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.com the stakes are high for the entire cryptocurrency industry: We are unsure of how … Read more
Kik rolled out its much anticipated standalone app, KinIt just a few months after it posted its product vision on Medium. The product is quite unique in that it has the potential to instantly become the largest consumer-facing cryptocurrency app. Kin’s vision is quite ambitious but with more than $100 million in the bank form an … Read more