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

    September 24, 2019 /

    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. (Update: as of Oct. 13, it's not shutting down.)

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  • "And they're coming to take me away ha-haaa. They're coming to take me away ho-ho hee-hee ha-haaa." (via Pixabay)
    "And they're coming to take me away ha-haaa. They're coming to take me away ho-ho hee-hee ha-haaa." (via Pixabay)
    Innovators

    Ex-Overstock CEO Patrick Byrne sells stock, doubles down on crypto

    In a farewell letter to his former co-workers, Byrne gives crypto wild man John McAfee a run for his money in the conspiracy theorist championship

    September 20, 2019 /

    Overstock.com’s founder Patrick Byrne ended his connection with the online retailer he built into a giant in much the same way as he ended his tenure as its CEO a month ago: bizarrely.

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  • SEC Chairman Jay Clayton discussing Bitcoin at CNBC's Delivering Alpha conference, September 19, 2019 (via YouTube.com / CNBC)
    SEC Chairman Jay Clayton discussing Bitcoin at CNBC's Delivering Alpha conference, September 19, 2019 (via YouTube.com / CNBC).
    Bitcoin,  United States

    SEC’s Jay Clayton casts more doubt on Bitcoin ETF

    Speaking at the Discovering Alpha conference in New York, the commission’s chairman said people who think an unmanipulated bitcoin price can be found are ‘sorely mistaken’

    September 19, 2019 /

    Securities and Exchange Commission Chairman Jay Clayton again threw cold water on the idea of listing Bitcoin on an exchange traded fund (ETF) anytime soon.

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  • Kik loses SEC suit
    The SEC emerges victorious in its ICO lawsuit against Kik (via Shutterstock).
    Alt coins,  United States

    Outraged Kik blasts SEC lawsuit

    August 7, 2019 /

    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.

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