• SEC settlement Kik
    Alt coins,  Cryptocurrencies,  Opinion,  Regulation

    Citing SEC settlement Kik moves forward with Kin token

    Unfortunately, the Securities and Exchange Commission and Kin Foundation appear to have different opinions over whether KIN is still a security

    With the legal uncertainty finally over, Kin is poised to thrive as an active blockchain ecosystem, the Kin Foundation said. But, there seems to be some disagreement between the SEC and the Foundation over the status of the KIN token.

  • Kik and SEC joint settlement
    Regulation

    Kik to pay $5M fine, ending two-year legal fight with SEC

    Although the multimillion-dollar fine might seem like a slap on the wrist given that Kik held a $100 million ICO, legal expenses have had a toll on the company

    The proposal comes three weeks after Hellerstein handed down a summary judgment finding that Kik’s $100 million ICO was an unregistered and illegal securities offering. He decided that the offering for Kin tokens had met the three-part Howey test, which assesses whether there is an investment of money in a common enterprise with profits to be derived solely from the efforts of others.

  • Hester Peirce SEC nomination
    Cryptocurrencies,  Regulation

    “Crypto Mom” tells Senate crypto is here to stay

    At a hearing for a second term on the Securities and Exchange Commission, Hester Peirce called for clearer regulations on selling cryptocurrencies, and took issue with the project-killing lawsuit against Telegram

    Speaking at a hearing on her nomination for a second term on the Commission, the Republican appointee promised to “redouble” her effort to create such an environment in order to spur innovation and attract new entrants to the industry.

  • Telegram discontinues TON testnet
    Alt coins,  Regulation,  United States

    Telegram Open Network pulls the plug on testnet, in final blow to doomed project

    The grim milestone marks the end of a sorry journey for TON, almost a year after the testnet first launched

    In a July 6 update, the development group driving TON wrote: “Our remaining validators will be switched off not later than 1.08.2020. Please save all relevant data and terminate your testing process.”

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