Bitcoin
$ 49,661
Ethereum
$ 1,585.9
Litecoin
$ 192.47
okex ads

Livingston, CEO Kik, Fights the SEC

Kik founder and CEO, Ted Livingston, has said that he is ready to keep fighting with the U.S. Securities and Exchange Commission (SEC) over Kin, the firm’s native cryptocurrency.

Join the fastest growing network on Telegram

“We have to keep going. Until that’s it, we don’t have a dollar left, a person left. We will keep going no matter how hard it is,” Livingston said at the Elevate conference in Toronto on Wednesday, as reported by The Canadian Press.

In 2017, Kik raised $100 million in an initial coin offering (ICO) via kin tokens. The SEC believes that the company issued unregistered securities, while Livingston says the tokens are so-called “utility” tokens. Kik also wants to test if the SEC has jurisdiction over Kik as it is the Canadian company.

Livingston’s comments come two days after he announced the closure of popular messaging app Kik and laying off at least 100 people. He said at the time that the company will now focus on “one thing: converting Kin users into Kin buyers,” adding: “No matter what happens to Kik, Kin is here to stay.”

About the author

A Nice Man

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Dymic Digital Joins The Bitcoin Revolution
February 25, 2021By
Crypto ETF Race Is on with More Participants Joining In
February 25, 2021By
MicroStrategy purchases another $1 billion worth of Bitcoin, now owns 90,000 BTC
February 25, 2021By

Advertisement

Video Posts

In
How Blockchain And Digital Assets Can Be Used Commercially
February 24, 20210
In
Blockchain For Business Growth And Transformation
February 24, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin49,661 0.36 % 0.59 % 4.76 %
Ethereum1,585.9 0.75 % 3.78 % 14.07 %
Binance Coin247.44 0.28 % 2.88 % 51.23 %
Cardano1.130 0.28 % 7.84 % 27.39 %
Tether1.010 0.61 % 0.53 % 0.47 %
Polkadot33.32 0.47 % 2.35 % 4.36 %
XRP0.4638 0.55 % 2.21 % 13.54 %
Litecoin192.47 0.08 % 5.14 % 18.63 %
Chainlink27.17 0.73 % 5.51 % 15.75 %
Bitcoin Cash526.21 0.00 % 1.16 % 26.61 %