Kik messenger app shuts down for shocked users after owners are sued over cryptocurrency side-business

Kik Interactive CEO Ted Livingston just announced that

The SEC claimed these tokens were financial assets, or securities, that the company was trading without the correct permissions but Kik denied this. "So with the SEC working to characterise almost all cryptocurrencies as securities we made the decision to step forward and fight."The changes will see the rate at which the company loses money drop by 85%, which should enable it to get through the SEC trial.

It will also be designing a cryptowallet to try and make buying and using Kin easier and making it more efficient for developers to use Kin in their apps.

We have an alternative for you 😉 Check RoomcoApp . Create or join a room on the topic of your choice! roomco roomcoapp socialmedia messenger kik KikShutDown RIPKik alternativekik

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Zealand pushes to shut Australia out of manuka honey market in ChinaAustralian government asked to intervene on behalf of Australian honey producers the best honey in the world is Hadrami(Hadramout ) one which is genuine Varroa mite, which seriously harms bees & leads to hive collapse, invaded NZ in c. 2000. Aust is now the only continent on earth which is free of varroa & must protect its biosecurity. Aust needs to assist NZ to combat & eliminate varroa from NZ whilst protecting own borders.
Source: The Guardian - 🏆 84. / 53 Read more »