The Kin Foundation, the nonprofit governance organization for the cryptocurrency Kin that powers chat platform Kik, has launched a new initiative to fund a potential legal battle with the US Securities and Exchange Commission (SEC).
Kin has been in conflict with the SEC since 2017,
Kik Interactiv, a social media startup based in Canada, is mounting a legal challenge in the US courts that will determine the future of cryptocurrency regulation.
The Wall St. Journal reports Kik’s plan centers on an SEC ruling on its 2017 initial coin offering.
The Kin Ecosystem Foundation, the creators of messaging app Kik and the Kin cryptocurrency, has announced the launch of the Kin Developer Program.
The Kin Developer Program will offer up to 25 developers a total of nearly $3 million to create and maintain independent “Kin economies” over a six-month period.
The Kin Foundation, the non-profit organization managing the development of Kik’s native token, Kin, has announced that it will be building its own blockchain based on Stellar.
The foundation said that the decision to fork Stellar evolves its earlier plan for a hybrid blockchain infrastructure to support the Kin ecosystem.
Canadian mobile messaging app Kik is planning to make use of two different blockchains in order to power its “Kin” tokens.
Kik, which last year raised $98 million through an initial coin offering (ICO), said that it will deploy its Kin token on multiple blockchains to enhance liquidity and efficiency within its ecosystem.
Canadian mobile messaging app Kik is migrating away from the ethereum network and is leaning toward a different blockchain, Stellar network.
Founded in early 2014 by Ripple co-founder Jed McCaleb and Joyce Kim, Stellar is an open-source protocol for exchanging money.
Canadian mobile messaging app Kik is planning to raise $125 million through an initial coin offering (ICO) on September 12, but reports it has already pre-sold $50 million in tokens to large investors.
The company claims over 300 million active users registered worldwide.
Singulariteam, in partnership with CoinTree Capital and BlockchainIL, has launched Alignment, a new blockchain hub in Israel that will consult, develop, and fund blockchain early-stage projects and existing companies.
Singulariteam focuses on the development of technology-based companies by providing capital and additional supporting services.
Sensay, a bot that connects users for anonymous advice, will create its own ethereum cryptocurrency, Sense, becoming the second bot app to manufacture its own tokens.
The app is currently available on Facebook Messenger, WeChat, Slack, Skype, SMS, iMessage, Telegram and Kik, the last one the first app to blaze the crypto token trail. Read more »
