Under Fire: Kik Is Gearing Up for a Fight With the SEC

Canadian-based social media startup Kik is gearing up to challenge a proposed enforcement action from the United States Securities Exchange Commission (SEC) over a fundraising initiative in 2017. The American securities regulator believes that Kik’s Token Distribution Event (TDE) two years ago violated securities laws. The company raised $97 million…

London-based Project Uses Microsoft Architecture to Make Blockchain Easier for Developers

On Dec. 19, the London-based company Stratis revealed to the public its project that includes sidechains, smart contracts, an ICO and STO platform, and distributed ledger technology (DLT), which simplifies transaction processing. The technology leverages the recently released Stratis C# Full Node, the company’s innovative software, whose codebase is built…

Research Reveals $1.7 Billion Obtained via Crypto Thefts and Scams in 2018

About $1.7 billion in cryptocurrency had been obtained via illicit means in 2018, according to research published by crypto analytics company CipherTrace on Jan. 29. Of that $1.7 billion, over $950 million was stolen from crypto exchanges, representing a 3.6 times increase over 2017. On the other hand, at least…

New Startup From Ethereum Co-Founder Gavin Wood Plans $60 Million ICO: WSJ

Crypto startup Polkadot (DOT), created by Ethereum (ETH) co-founder Gavin Wood, is planning an initial coin offering (ICO) aiming to raise up to $60 million, the Wall Street Journal (WSJ) reported Jan. 24. Citing sources familiar with the matter, the WSJ reports that, if successful, Polkadot’s token sale would bring…