Federal Judge Rules that Kik’s 2017 Token Sale Violated US Securities Law
By
Darya Rudz
Before October 20, the parties have to file either a joint proposal for Kik’s investors, or a document with a proposal on how to proceed.
Kik Requires Trial with SEC over the Sale of Kin Tokens
By
Darya Rudz
According to the SEC, the commission and Kik took a total of 11 depositions in the case. The twelfth deposition is scheduled for January 28, 2020.
Kik Messenger Keeps Working under MediaLab’s Wing
Kik messaging platform will stay but it will be working under MediaLab that has purchased it.
Ted Livingston States Kik Messenger Is Not Shutting Down
By
Darya Rudz
Despite the battle against the US SEC Kik will not shut down. It has been announced that Kik is going to struggle for its existence.
Kik Founder Vows to Fight On Despite Obstacles Presented by the U.S. SEC
CEO of the once-popular messaging app Kik has indicated that the firm will go to trial against the United States Securities and Exchange Commission of classification of their Cryptocurrency token Kin as a security.
Kik Shutting Down Its Messaging App, CEO Threatens to Quit
Kik Interactive CEO Ted Livingston announced today that the company is shutting down Kik Messenger to focus on its cryptocurrency Kin, the target of a lawsuit filed by the Securities and Exchange Commission.
Kik Claims ‘SEC Has Been Twisting Facts’ in Their Ongoing Legal Battle
Kik kicked back at the SEC lawsuit that claims a $100 million ICO was illegal. The company behind Kik Messenger filed a response in U.S. District Court for the Southern District of New York, alleging that the SEC is “twisting” the facts about its token.
SEC Accusing Kik for Illegal ICO, and They May Be Right
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.
Facebook’s Facecoin Set to Replace the U.S. Dollar, Not Bitcoin: Kik CEO
By
Darya Rudz
In a blog post, Kik Ceo Ted Livingston explained how Facebook’s coin may replace the US dollar as the global reserve currency.
Facebook in Hot Water as the Company Stored Millions of User Passwords Improperly for Years
It seems that Facebook is in “hot water” again as the company stored millions of user passwords improperly for years.