Kik, a Canadian-based cryptocurrency social media startup, has warned the SEC that it would fight back against alleged securities infractions. As first reported by the Wall Street Journal, Kik is fighting back regarding its 2017 initial coin offering (ICO).
Malaysia regulates cryptocurrencies as of today. The new rules affect both digital coins and ICOs (initial coin offerings). Though welcomed by many, the repercussions for those who don’t comply are deemed particularly harsh.
Prices all across the cryptocurrency market are plunging today in what many reports are calling a cryptocurrency ‘bloodbath’. As coinmarketcap shows, almost every coin is down by double digits with only Neblio and Tether managing to stay in the green.