Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Kik
Kik and SEC Proposes Joint Settlement With a $5 Million Penalty
According to public court documents, US Security Exchange Commission (SEC) and Canadian firm Kik has proposed a joint settlement to end the long legal battle between them. The settlement is now waiting for approval from the presiding judge Alvin K. Hellerstein. The case is related to securities law violations when Kik raised $100 million during its ICO launch in 2017. Last month, Judge Hellerstein ruled that Kik's ICO satisfied the famous Howey Test. Thus declared Kin token sale as an…
5 years ago