We Must Fight SEC, - Kik CEO

Ted Livingstom also believes that crypto is a only tool to counteract an increasing concentration of wealth
26 September 2019   620

The founder of the Kik messenger, Ted Livingston, said that he was ready to defend Kin's own token with the US Securities and Exchange Commission (SEC), reports The Canadian Press.

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.
 

Ted Livingston

CEO, Kik

Kik got involved in the SEC due to his initial coin offer (ICO) held in 2017. According to SEC, the company sold unregistered securities.

Livingston, for its part, states that Kin is being actively used to solve practical problems, and the defeat of Kik will mean that the existing legal system is not applicable to new financial technologies. He also claims that Kin is used in 60 different applications, while complaining that the SEC lawsuit has slowed the spread of cryptocurrency.

Cryptocurrencies are the only way, the only tool we have now that we can counteract that, [an increasing concentration of wealth] where we can build a new economy with a new form of money where we can rewrite the rules for how wealth and value is created in a global society.

Ted Livingston

CEO, Kik

According to Livingston, they will meet with the SEC in court in May 2020.

DigixDAO to Refund $64M

The decision was made by the project's community in the voting, so, money raised in 206 should be returned back
21 January 2020   97

The Digix project, which conducted an ICO in 2016, liquidates its storage and returns ETH to investors for $ 64 million. This decision received more than 95% of the vote in the vote.

In 2016, Digix raised 460,000 ETH during the ICO ($ 5.5 million at that time).

Under the Ragnarok Return to Investors project, DGD token holders will receive 0.193 ETH per coin. The price almost coincides with current quotes - $ 31.4.

DGD was used as the management token of the decentralized autonomous community DigixDAO. Its owners received commissions, participated in the vote on the distribution of project funds, as well as on other issues regarding the ecosystem development strategy.