Tag: security tokens

cryptocurrency news

Archax, Which is Planning to Become the U.K.’s First Regulated Digital Asset Exchange, Delays Launch

Navigating the complex regulatory regime for a new financial services business is a difficult task on any day. Add crypto and digital assets into the mix and it becomes even more arduous. Just ask Archax. The London-based exchange, which had planned to open for business during the third quarter of 2019, has delayed its launch date to “later this year” to allow time for necessary … Continue reading Archax, Which is Planning to Become the U.K.’s First Regulated Digital Asset Exchange, Delays Launch

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cryptocurrency news

Messaging App Kik Becomes SEC Casualty, Shuts Down Operations

Messaging app Kik, already embroiled in a contentious court battle with the SEC over the 2017 initial coin offering (ICO) of its Kin token, is shutting down. The company’s announcement was made in a blog post published earlier today, after reports surfaced online that it had laid off 70 people from the development team for Kin. The Kin Foundation team confirmed the layoffs as a … Continue reading Messaging App Kik Becomes SEC Casualty, Shuts Down Operations

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cryptocurrency news

Seychelles National Stock Exchange Offers Tokenized Shares in Its IPO

The national stock exchange of Seychelles, a tiny country in the Indian Ocean, is offering investment tokens for its public offering. MERJ Exchange is offering 1.65 million shares at a price of $2.42 per share. The offering will raise $4 million, approximately 15% of the company’s overall equity, and value the company at $25 million. The tokenized versions of these shares are registered on the … Continue reading Seychelles National Stock Exchange Offers Tokenized Shares in Its IPO

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