4 Articles 2 Followers

Kik Ends Lawsuit with $5M Settlement

21 Oct 2020 1 minute read 1 comment Abhimanyu Krishnan

Kik has ended a lawsuit with the United States Securities and Exchange Commission (SEC), having paid $5 million to settle the case, according to court documents published on October 20. The two parties have “reached agreement on a proposed judgment”...

US Judge Says That Kik's Token Sale Violated Securities Law

1 Oct 2020 1 minute read 0 comments Abhimanyu Krishnan

On September 30, a U.S. district judge for the Southern District of New York ruled that messaging app KIK’s $100 million token sale held in 2017 violated securities law. The judge said that the KIK token met all of the criteria of the Howey test, wh...

Kik App to Shutdown and Focus on Kin Cryptocurrency

29 Sep 2019 1 minute read 1 comment

While Kik remains one of the largest messaging apps in the world with millions of users, it is being forced to shut down after a long legal battle with the SEC over their cryptocurrency Kin. In an official blog post by the founder and CEO, Ted Living...

5 Most Important Crypto News You Should Know Today (24 Sep 2019)

24 Sep 2019 4 minute read 2 comments Brawnd0

We’ve got BIG, BIG news this week and you probably know what it is (hint: Bakkt). But there’s been a lot else that has been happening as well, mostly to do with individual projects or entities making some important changes or hitting important milest...