Kik’s Token Survives SEC Battle, No Barrier to Exchange Listings, Says Kin Foundation

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.

Business  ·  23 October 2020

Kik, SEC Propose $5M Settlement Over $100M ICO, Ending Yearlong Battle

Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.

News  ·  20 October 2020

Judge Rules Kik’s Token Sale Violated US Securities Law

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.

News  ·  30 September 2020
Securities and Exchange Commission

Telegram’s Defeat Isn’t ‘Binding’ in Kik Case, Judge Tells SEC

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.

News  ·  10 July 2020

Kin Community Approves Move From Stellar Fork to Solana’s Blockchain

Devs, node operators and the Kin Foundation board have approved its move from a fork of the Stellar blockchain to Solana's network.

News  ·  19 June 2020

Fed Up With Its Fork of Stellar, Kin Is Looking to Move Onto Solana

The Kin Foundation is seeking to move the kin cryptocurrency onto the Solana blockchain, according to a proposal shared with CoinDesk.

Tech  ·  22 May 2020

Kin Foundation Publishes First Transparency Report Amid SEC Court Fight

The Kin Foundation is offering a peek under the hood of its operations with a new transparency report published with Messari.

News  ·  21 May 2020

Judge Approved Blockchain Association’s Brief in Kik Case Despite SEC Objections

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.

Policy & regulation  ·  28 April 2020

With Kik and Telegram Cases, the SEC Tries to Kill the SAFT

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.

Markets  ·  28 April 2020

SEC Opposes Blockchain Association’s Brief Supporting Kik, Says Group Isn’t ‘Neutral’

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.

News  ·  28 April 2020

SEC, Kik Continue Court Clash Over $100M Kin Token Sale

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.

News  ·  25 April 2020

Blockchain Association Tries to Draw Legal Line Between Kik’s Token and Its 2017 Pre-Sale

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

Policy & regulation  ·  21 April 2020

Kik Backs Away From Jury Trial Request in SEC Fight Over $100M Token Sale

Kik had previously asked for a jury trial to make its case against the SEC. Now it's seeking a summary judgment.

Policy & regulation  ·  23 March 2020

Pitch Deck Says Solana Is Courting Dish Network, Kik for Its ‘Web-Scale’ Blockchain

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.

News  ·  9 March 2020

Federal Judge Orders Kik Technical Advisor to Sit for Deposition With SEC

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.

News  ·  22 January 2020