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Disclaimer: This report previously stated that Kik was only considering shutting down its app and has been updated following new information from Kik.The Canadian social media and messaging app company Kik is considering shutting down its popular Kik messaging app.70 reported layoffs at Kin subsidiary In a Sept. 23 article,
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According to a press release on September 18, the U.S. SEC has taken legal actions against a blockchain and crypto company called ICOBox and its founder Nikolay Evdokimov for illegally distributing $14 million worth of the company’s digital token and operating as an unregistered broker for other digital asset offerings.The
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The offices of Chinese initial coin offering (ICO) startup GXChain have reportedly been closed by the local police.On Sept. 11, Dovey Wan — founding partner of blockchain-based investment company Primitive Ventures — tweeted a photo of an office taped closed (presumably by Chinese police) and announced that GXChain “got
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The Takeaway: Crypto lending startup Celsius raised $50 million in a token sale in 2018. Lending volume has surged since then, with 10,415 Celsius users taking out fiat loans after locking in crypto collateral. BitGo confirmed to CoinDesk that it held
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The United States District Court for the Central District of California has issued a summons to video-game virtual good company OPSkins Group and Worldwide Asset eXchange (WAX) in response to a complaint filed by Crypto Asset Fund.The allegationsOn Aug. 15, the court issued a summons to OPSkins Group, WAX
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The United States Securities and Exchange Commission (SEC) has charged Russian analytical agency ICO Rating for $268,998 for violating anti-touting provisions, according to an announcement on Aug. 20.In the announcement, the SEC claimed that ICO Rating violated the anti-touting provisions of Section 17(b) of the Securities Act of 1933
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