The U.S. Securities and Exchange Commission is suing messenger app maker Kik for $100 million ICO for its Kin token which they think was an unregistered securities sale. The regulator appears to have built up a strong case in its initial court move.
In a blog post, Kik Ceo Ted Livingston explained how Facebook’s coin may replace the US dollar as the global reserve currency.
It seems that Facebook is in “hot water” again as the company stored millions of user passwords improperly for years.
Today Freewallet announces full support for Kin coin (KIN), which has finally migrated to its own blockchain.
The company will challenge the U.S. regulators in court over a potential enforcement action against 2017 KIN token offering.
Michael Ross-Johnson, crypto enthusiast and a CEO at Chatex, shares his vision of most common challenges faced by crypto newcomers when entering the sphere, presenting the solution – universal click-and-go crypto exchange.
After working for some months on two blockchains simultaneously, Kik has taken a decision to stop building on Ethereum and to work with Stellar only.
The aim is to push the mainstream adoption of kin tokens by integrating them with gaming SDKs and further using them for rewarding the developers.
The transfer of tokens across two blockchains will be done through atomic swaps. The Ethereum blockchain will be used for liquidity and the Stellar platform for transactions.