• This doesn't look like a good business plan (via Pixabay).
    Alt coins

    Stellar burned by $3.5 billion gamble

    The Stellar Development Foundation just lost billions to give other lumen cryptocurrency owners a mere $260 million windfall.

    On November 5, the Stellar Development Foundation shocked attendees of its first Stellar Conference in Mexico City by announcing that 55 billion of the 105 billion lumen (XLM) in existence had been “burned” by sending them to a wallet with no key.

  • Sad clown is sad (via Pixabay).
    Alt coins,  United States

    SEC gives Telegram TON of trouble

    U.S. Securities and Exchange Commission lawsuit will delay the Gram cryptocurrency sale scheduled for October 31

    In the wake of a lawsuit by the U.S. Securities and Exchange Commission, messaging service Telegram told backers that it would likely postpone the public launch of its Gram token.

  • 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.