US court agrees with SEC that Kik’s $100 million coin offering violated the law

A US district judge for the Southern District of New York has agreed with the Securities and Exchange Commission’s assessment that Kik’s $100 million initial coin offering (ICO) in 2017 was a securities sale. Judge Alvin Hellerstein has granted SEC’s...

Steven Segal settles with SEC over undisclosed bitcoin promotions

It seems that martial artist and actor Steven Seagal isn't above the law. In 2017, he touted the initial coin offering (ICO) for Bitcoiin2Gen (B2G), a digital currency that sounded shady right from the start. Seagal didn't disclose the fact that he w...

Facebook agrees to pay the UK £500K for the Cambridge Analytica scandal

Facebook may be looking ahead to the 2020 election, but it's still sweeping up debris from 2016. Today, Facebook agreed to pay the UK's Information Commissioner's Office (ICO) £500,000 (about $644,000) for its role in the Cambridge Analytica sc...

SEC fines Block.one $24 million for unregistered ICO worth billions

Blockchain technology company Block.one has been fined $24 million by the Securities and Exchange Commission (SEC) for running an unregistered ICO (initial coin offering). According to the SEC, the company conducted the ICO between June 2017 and June...

US, UK regulators ask Facebook how Libra will protect personal data

Facebook knew its Libra cryptocurrency would face a regulatory gauntlet, but it might not have expected a united front. Regulators from the US, UK, EU and four other governments have asked Facebook to answer several questions about how it will prote...

SEC sues Kik for running an unregistered Initial Coin Offering

The US Securities and Exchange Commission (SEC) is suing messaging service Kik Interactive, stating that its 2017 digital token sale, which raised $100 million, was essentially an illegal, unregistered securities offering. According to Bloomberg, thi...