The makers of Kik's Kin cryptocurrency, which itself is no stranger to regulatory issues with the US government, do not feel one shred of sympathy for Facebook as Congress rakes Libra over the coals on Capitol Hill. The chat app, with its more than 300 million registered users, made waves during the 2017 gold rush when it held a nearly $100 million initial coin offering (ICO), only to have social...
By CCN: According to documents tweeted by lawyer Stephen D. Palley, the government accuses Kik of turning to selling tokens out of desperation. The accusation is part of a motion to discover. Will Kik Open the Floodgates? The government is looking to ransack Kik as a result of its decision to buck the system. Not everyone thinks this will go well. Many people have to wonder why Kik is playing...
By CCN: 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 Coinbase Custody, is already comprised of $5 million, which was contributed by the...
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...
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 the Commission will vote, but we...
Tapatalk, the mobile forum application with an aggregate registered user base of 300 million, has struck a deal with the Kin Foundation to reward its users with cryptocurrency for posting quality content on the platform. Announced on Wednesday, the partnership will see Tapatalk, whose platform hosts 200,000 forums based in 186 countries, seek to build engagement by rewarding users with Kin tokens...
The developers of Kin, the cryptocurrency created by social media app Kik, have announced that the crypto token will undergo yet another major developmental redesign as they seek to marry scalability with an intuitive user experience. The Kin Foundation revealed on Wednesday that, in a departure from the crypto project’s earlier roadmaps, developers plan to go “all in” on an independent Kin...
The Kin Ecosystem Foundation, creator of the cryptocurrency backed by social media company Kik Interactive, has selected consumer 40 apps to participate in the inaugural edition of its development incubator. Announced on Wednesday, the program, which will fund 40 out of the more than 200 projects who submitted applications, will primarily feature new apps, though it also attracted more than a...