Peirce disagrees with the SEC finding on Unikrn and warns imposing a $6.1 million penalty will have a chilling effect on innovation.
Unikrn has agreed to settle the charges, without admitting or denying them, by paying a $6.1 million penalty to be distributed among investors.
The Unikrn esports platform is partnering with ZED RUN to bring horse betting to the ethereum blockchain.
Bittrex CEO Bill Shihara will help guide the crypto eSports betting platform as it works to improve the security and adoption of its crypto token.
Unikrn, an e-sports betting site, has raised roughly $31 million in an initial coin offering, or ICO.
Cryptocurrency gambling is opening up across a large swathe of Europe, as Malta licenses eSports platform Unikrn.
Celebrity investor Mark Cuban has revealed he intends to purchase tokens as part of an ICO launched by one of his portfolio startups, Unikrn.