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

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… Read More Messaging App Kik Becomes SEC Casualty, Shuts Down Operations

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.… Read More Seychelles National Stock Exchange Offers Tokenized Shares in Its IPO