Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Last week was incredibly busy in the cryptoverse. The biggest news by far was the SEC’s action against Kik for their 2017 KIN token sale. Regulators (and ICO issuers) around the world will no doubt be watching like hawks the outcome of this suit. But that wasn’t the only news, from high-level movers and shakers, to rumours about Zuckerberg’s next big move, it’s all happening now.
The Copper team also had a busy week, with CEO Dmitry Tokarev back in New York recording a podcast interview with Pomp (to be released next week). Stay tuned and we’ll post a link as soon as it’s live.
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Latest Industry News
Kik could get a kicking
- Unlike previous SEC actions against ICOs, this is the first time they have filed a complaint for a purely regulatory infraction, namely failing to register a security
- Not unexpected, Kik’s founders basically dared the SEC to sue them when they made public their response to the Wells Notice
Dangers of crypto margining
- Poloniex users in the US are out $13.5m after a flash crash in the CLAMs market
- The velocity of the crash and the lack of liquidity made it impossible for all of the automatic liquidations of CLAM margin positions to process as they normally would
Facebook reveals more
- Further details have emerged about the social network’s cryptocurrency, GlobalCoin, ahead of the June 18 white paper
- An executive told a German magazine that the stable coin won’t be pegged to a single fiat currency, but rather tied to a basket of 5
Latest Coin News
- Price analysis
- Bitcoin futures on the CME had their best month in May, over
- were traded
- Mining difficulty jumps
- over last quarter as competition increases
- Price analysis
- brought forward, launch on 19 June
- ConsenSys co-founder departs to join
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