• We're guessing the folks at Kik want to give a kick to authority of some kind right about now (via Pixabay).
    Alt coins

    Hounded by SEC, Kik shuts down, laying off 100: Here’s what you need to know

    The high-profile lawsuit over its Kin ICO proved too much for the messaging app, which will keep a small team developing the cryptocurrency

    The U.S. Securities and Exchange Commission claimed a high profile scalp on September 23, when messaging service Kik announced it would shut down, laying off more than 100 employees.

  • SEC
    Alt coins,  United States

    Outraged Kik blasts SEC lawsuit

    Kik Interactive responded angrily yesterday to a lawsuit by the U.S. Securities and Exchange Commission alleging its $100 million initial coin offering of the Kin cryptocurrency was illegal. The case is the SEC’s highest-profile action to date claiming that an ICO violated the law by selling an unregistered security to the public.

  • Alex Frenkel, general manager of Kin Ecosystem (via LinkedIn)
    Alt coins

    Despite SEC lawsuit against Kik, Kin Ecosystem is growing, claims GM | Interview

    Alex Frenkel sees developer interest in tokenomics gaining steam

    Kin Ecosystem is alive and well, according to its general manager, Alex Frenkel. That’s despite the Securities and Exchange Commission lawsuit against Kik Interactive, the company which created Kin. The SEC claims the Canada-based messaging app sold unregistered securities to U.S. investors during its 2017 ICO. The complaint stopped short of alleging that the Kin token—which is governed by Kin Ecosystem—is a security.

  • Blockchain Capital’s Jimmy Song speaking at the Bitcoin 2019 Crypto PR Lab afterparty (photo by Martine Paris).
    Bitcoin

    Crypto pundits are unfazed by market volatility

    A look at the halving, the whale, and the Bitcoin faithful

    Martine Paris talked with crypto pundits, Jimmy Song, venture partner at Blockchain Capital and author of Programming Blockchain; Alex Frenkel, GM of Kin Ecosystem; Michael Terpin, CEO of Transform Group and co-founder of BitAngels; and Alex Mashinsky, founder and CEO of Celsius Network. What follows are their views on the likely causes of the wild parabolic swings.