Following the news that Kin, a Kik-based crypto development subsidiary, has laid off 70 employees, Kik Interactive CEO Ted Livingston…
Kik
The Canadian company Kik Interactive, the developer of the Kik mobile messenger, will cut 70 employees of the cryptocurrency division, Calcalist reports. Kik CEO Ted Livingston wrote in a blog post that the company will close the messaging app and reduce the team to 19 people to focus on developing the Kin token ecosystem. According to Livingston, the decisions taken will reduce the average monthly cost of the company by 85%. […]
The KIN token, released in 2017, is Kik Interactive Inc. commented on the actions of the US Securities and Exchange Commission (SEC), releasing a press release. In response to the SEC's accusations of an unregistered securities issue, Kik CEO Ted Livingston said: “We have been expecting this for quite some time and welcome the opportunity to fight for the future of cryptocurrencies in the United States. We […]
The US Securities and Exchange Commission (SEC) filed a lawsuit against the company-developer of instant messenger Kik, accusing it that during the ICO in 2017, she led an unregistered sale of securities. It is reported by CoinDesk. In particular, the Canadian Kik Interactive Inc. accused of violating the provisions of section 5 of the Securities Act of 1933, in accordance with […]
Startup Block.one, which last year reportedly collected a record amount of $ 4.2 billion via ICO, is set to launch…