Kin blockchain

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I'm having a problem with Kin, what do I do?

Almost a month after announcing its proposal to migrate to the Solana Blockchain, the Kin cryptocurrency project announced Friday the move had been approved by its board and community, and a transition plan would be released in the coming weeks. According to the firm, the cryptocurrency currently has over 3 million active monthly spenders and has been integrated into 57 different, mostly mobile, applications.

He said a rise in users meant that the Kin cryptocurrency needs to be able to process more than transactions per second, which is the upper limit on the Stellar fork. This is also not the first time the cryptocurrency has changed blockchains. Launched by Kik in , Kin was originally built on the Ethereum blockchain, but a few months later it announced that it would use Ethereum for security and the Stellar blockchain for transactions.

Even as Kin continues to expand its user-base, the regulatory troubles it faced in the past have continued to persist. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.

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SEC Obtains Final Judgment Against Kik Interactive For Unregistered Offering

Kin is a cryptocurrency used as money that can be earned, spent, or transferred within a digital ecosystem of consumer applications. Kin seeks to offer app developers a way to earn revenue that does not involve monetizing personal user data or displaying ads. Developers can earn Kin by integrating Kin into their app experiences. The project is supervised by the Kin Foundation, a nonprofit corporation established to manage the governance and growth of the cryptocurrency. Kin was created by Kik Interactive, Inc.

Despite raising $ million for its cryptocurrency in , Kik has turned to Kik contends that Kin is a currency and not a security.

SEC Claims Kik’s Kin Is a Security and Its Offering Was Illegal

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Is Solana Crypto's Hidden Gem?

kin blockchain

Kik and the Kin Foundation argue that the SEC is overstepping its mandate and have indicated that if the Commission votes to authorize the case, they intend to defend the matter in court. This would provide one of the first opportunities for judicial scrutiny on whether cryptocurrencies qualify as securities under the law. Should Kik prevail, precedent-setting case law could make it difficult for the SEC to regulate certain tokens as securities. Should Kik lose, innovation in the US blockchain and cryptocurrency industry could be further pushed offshore or stifled entirely.

Almost a month after announcing its proposal to migrate to the Solana Blockchain, the Kin cryptocurrency project announced Friday the move had been approved by its board and community, and a transition plan would be released in the coming weeks.

Kin (cryptocurrency)

An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens. The future of innovation and technology in government for the greater good. Leaders who are shaping the future of business in creative ways. New workplaces, new food sources, new medicine--even an entirely new economic system. The problem, the agency says, is that while it pitched the tokens as an investment opportunity that could make buyers money in the future, it never registered them under securities laws. Regulators and companies in the cryptocurrency space have sparred over how digital coins and tokens should be governed under securities, money transfer, and tax laws designed with more traditional transactions in mind.

Kik leverages messaging app to launch cryptocurrency Kin

The Kin Foundation, the non-profit organization aiming to promote and govern the Kin crypto project, disclosed that both itself and the cryptocurrency has survived the recently concluded legal dispute with US Securities and Exchange Commission SEC over the Kin initial coin offering ICO. According to its blog post, Kin Foundation said that the Foundation and its Kin cryptocurrency are now out of the legal dispute. The Foundation said :. Concurrently, the future of the Kin Foundation is not adversely affected. Kik is now able to continue with its active development of the new code wallet and the open-source Kin SDK.

Kin. Kin (KIN) is a cryptocurrency launched by the instant messenger service Kik which has existed as a freeware app focused on anonymity since

The SEC Gets its Kiks out of a Successful Application of the Howey Test

So what's next for Kin? Initially launched on Ethereum in , Kin KIN is a digital currency designed to facilitate microtransactions on digital applications and social media platforms. Due to the slow transaction speeds and unpredictable gas fees synonymous with the Ethereum network, Kik forked the Stellar protocol in early to create its own Kin Blockchain. Transaction latency persisted on the Kin Blockchain, prompting another migration to Solana in early

Kik was the first social media company to offer a cryptocurrency—but now the SEC has questions

RELATED VIDEO: UPDATE: Kin Crypto Set up for +2000% Gains!!!

In celebration of the listing, AscendEX and the Kin team will launch several limited-time promotional events, taking place between p. UTC on Oct. The Kin protocol is built to scale for mass usage and supports an ecosystem-wide digital economy where app developers and mainstream consumers carry out millions of micro-transactions. Kin is one of the easiest and fastest pathways for developers to build innovative, cryptocurrency-based user experiences that result in greater engagement and shared economic benefits.

By partnering with social enterprises, businesses can accelerate growth and ensure their operations include a positive humanitarian and environmental impact.

Kik is shutting down its messaging app to focus exclusively on cryptocurrency amid fight with SEC

Kin is building a decentralized ecosystem fueled by awesome user experience in which developers and users are on the same team. We have set out to create a way forward where the digital world is transparent, fair, and truly accessible to everyone. We are making this a reality by giving developers a sustainable revenue stream that is driven by creating the best user experience while providing users with the control of their data and digital lives they deserve. Today Kin is integrated into more than 30 iOS and Android applications, with more coming online everyday. I am curious and passionate about people. People and culture are the foundations that I believe that people come first.

Kin KIN is a cryptocurrency launched by the instant messenger service Kik which has existed as a freeware app focused on anonymity since KIN is seen as the foundation of a future alternative ecosystem of digital services. Making sense of what Kin promises to achieve as a currency starts by having a clear overview of its native platform — Kik.

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