The Kin Foundation says both itself and the Kin token have survived the recently resolved court battle with the U.S. SEC over a 2017 ICO.
Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.
A federal judge has ruled Kik's 2017, $100 million token sale violated U.S. securities law, and wants to see a proposal for refunds.
Kik's proverbial day in court may take a lot longer than Telegram's, if the judge’s response to the SEC during a hearing this week is any indication.
Devs, node operators and the Kin Foundation board have approved its move from a fork of the Stellar blockchain to Solana's network.
The Kin Foundation is seeking to move the kin cryptocurrency onto the Solana blockchain, according to a proposal shared with CoinDesk.
The Kin Foundation is offering a peek under the hood of its operations with a new transparency report published with Messari.
U.S. District Judge Alvin Hellerstein allowed the Blockchain Association to file a brief in the SEC v. Kik case a day after the regulator filed an objection to letting the group comment.
Invented by white shoe New York City law firms, the two-step Simple Agreement for Future Tokens (SAFT) was supposed to keep crypto companies out of trouble. Now, the SEC is coming full bore for startups like Kik and Telegram.
The SEC says 7 members of the Blockchain Association have financial interests in Kik in its opposition to the group's brief around the case.
The SEC and Kik doubled down on their respective views of whether the 2017 KIN token sale was a securities transaction in new legal filings published late Friday.
The Blockchain Association is claiming that the U.S. Securities and Exchange Commission is wrongfully conflating Kik's exempt offering of securities during a 2017 ICO with the issuance of kin tokens
Kik had previously asked for a jury trial to make its case against the SEC. Now it's seeking a summary judgment.
Solana is looking to raise up to $12M at a $125M valuation, touting potential relationships with Dish and Kin in a pitch deck seen by CoinDesk.
Kik technical advisor Tanner Philp must sit for another deposition in the company's ongoing legal fight with the SEC over its 2017 token sale, a federal judge ruled Wednesday.