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ICO Aftermath: US Rules in Favour of SEC in $100M KIK Case – SALT to Reimburse Claimants From 2017 ICO

A US court has ruled in favour of the US SEC after the regulator’s filing of a motion seeking summary judgment against Kik for violating the country securities laws. Kik, which raised $100 million from 2017 ICO, had filed its own motion of summary judgment but the court refused to grant this. In his judgment, US District Court Judge Alvin Hellerstein agrees with the US SEC’s contention saying “undisputed facts show that Kik offered and sold securities without a registration statement or exemption from registration, in violation of Section 5.” In a suit filed on June 4 2019, the SEC…

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Coinbase Loans: Are They The Best In The Industry?

In today’s cryptocurrency news, we are reviewing the loans offered by exchanges on the market. Specifically, we are talking about Coinbase loans and whether they are leading the way in the industry. As you may know, the major US-based crypto exchange and wallet provider Coinbase announced its plans to launch lending services in the US this autumn. But how will they compare to what other industry players are already offering? The truth is, details are scarce at this moment. However, the Coinbase loans, as the exchange said, will be put to place and users will be able to borrow using…

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