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CoinDesk Podcast Network

Kik Growth

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 2 November 2018

⏱️ 6 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

The cryptocurrency developed by mobile messaging giant kick is seeing a growing number of third-party apps hit popular stores run by Apple and Google.

0:10.0

Good evening. I'm Bailey Reitzel, and this is late confirmation from CoinDesk, bringing you the top stories from November 2nd.

0:17.5

Also on today's show, Binance's Uganda-based exchange has seen large growth numbers in its first month,

0:24.1

and the SEC outlined its efforts to police the ICO space in its newly released annual report.

0:31.1

Stay tuned for more on these stories on today's show.

0:36.7

The number of mobile apps built around KIN, the cryptocurrency created and launched by mobile

0:42.1

messaging app kick, is growing. As of today, 10 are already out, and more will become available

0:47.9

as the Google Play and iOS stores move to approve them. All told, more than 30 apps are expected to debut in the coming weeks.

0:57.1

To help bootstrap the project, Kickraise $98 million in one of 2017's biggest initial

1:03.4

coin offerings. And this summer, it announced it would support teams that are building apps

1:08.2

designed to enable users to use and earn its crypto token kin.

1:12.7

All of the apps are aimed at a common goal to see if cryptocurrencies can improve traditional

1:18.2

mobile use cases, whether it's dating or task tracking apps. Still, there's one possible

1:23.5

hurdle to adoption. It's currently not possible to deposit or withdraw kin. That is forthcoming,

1:29.6

though. Once KIC develops a solution, they believe works. They'll then approach the mobile app

1:34.3

teams and recommend its adoption. Next up, the U.S. Securities and Exchange Commission,

1:41.4

or SEC, brought more than a dozen successful enforcement

1:45.0

actions specifically related to crypto token sales in the fiscal year that ended September 30th.

1:51.0

At least three of these sales reportedly raised more than a combined $68 million from investors

1:57.0

before being shut down, the agency said in its annual report Friday. To be sure,

2:03.1

that's just a sliver of the more than $3.945 billion in disgorgement and penalties the SEC

2:10.2

collected during fiscal year 2018. But the increase in enforcement actions surrounding initial

...

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