Kik Shutting Down Popular Messaging App Due to ICO Legal Battle September 24, 2019

Disclaimer: This report previously stated that Kik was only considering shutting down its app and has been updated following new information from Kik. The Canadian social media and messaging app company Kik is considering shutting down its popular Kik messaging app. 70 reported layoffs at Kin subsidiary  In a Sept. 23 article, Israeli tech publication […]

South Korean Messaging Giant Kakao, Irish Startup Partner for Blockchain Payment Methods March 26, 2019

Kakao Corp, a major Internet conglomerate and service provider for popular South Korean messaging app KakaoTalk, and an Ireland-based ticketing startup have signed a partnership agreement to develop a blockchain-based payment system. Irish business news outlet Fora reported on the partnership on March 23. The new partnership agreement will focus on applying the former’s blockchain […]

Japan’s Messaging Giant LINE Launches Its Own Cryptocurrency August 31, 2018

Japanese social messaging giant LINE has launched its own cryptocurrency and in-house blockchain, according to an announcement released today, August 31. LINE has revealed that the genesis block of its new mainnent, LINK chain, was generated August 23. The company describes the mainnet as a “service-oriented” blockchain network that will enable decentralized apps (dApps) to […]

Kik Messaging App Reveals Its First Beta Product, Kinit July 19, 2018

Canadian messaging application Kik has launched its first beta product called Kinit, which is related to the company’s Kin token, TechCrunch reported July 18. The release follows Kik’s successful initial coin offering (ICO) which raised $100 million. The ICO for the Kin token concluded in September 2017, having raised almost $100 million from more than […]