SEC Sues Kik / Apple Releasing CryptoKit / Sun And Buffet / Bitcoin Below $8k

Inside Bitcoin presented by Vettery.

Presented by Subscribe | View in browser $BTC (4:10 p.m. EST): $7,657.44 (-10.68%) // 90-day high: $9,008.31 // 90-day low: $3,863.56 / / More… $ETH (4:10 p.m. EST): $237.43 (-9.36%) // 90-day high: $287.20 // 90-day low: $130.94 // More…       1. The SEC sued Kik for a securities violation that occurred during its 2017 $100 million ICO. The SEC claims that the $100 million ICO was a sale of unregistered securities and it has told a federal New York court that Kik should give the money back to investors, plus interest and penalties. Robert A. Cohen, Chief of the Enforcement Division's Cyber Unit said, "Kik told investors they could expect profits from its effort to create a digital ecosystem. Future profits based on the efforts of others is a hallmark of a securities offering that must comply with the federal securities laws." This lawsuit comes just a week after Kik started the Defend Crypto Fund to fight the SEC in court on behalf of the crypto community. -WALL STREET JOURNAL Without a clear set of rules regarding digital asset fundraising and usage, do you think it's fair that the SEC can sue Kik but let similar projects walk away without retribution? Reply to this and let me know your thoughts!       2. Bitcoin's price dipped below $8,000 early this morning. Just days after breaching $9k Bitcoin has tumbled back down through $8k settling just above $7,600. Bitcoin along with altcoins have reversed their gains since Bitcoin hit $9k as the entire cryptocurrency market has lost a combined $22 billion. Cryptocurrency analysts have pegged $8,200 as a psychological price metric that Bitcoin needs to sustain in order to continue a rally. -COIN DESK       A MESSAGE FROM VETTERY Hiring moves fast—stay ahead of the game with Vettery's 2019 Tech Salary Report As a tech leader, you're used to a day-to-day in flux. You're focused on the big picture—roadmapping, goals, and maintaining your vibrant company culture—time is money, as they say. So let us streamline things. Want the tools to help you achieve your goals and hire talent? Vettery has you covered. 3. From The Forums: Tron CEO Justin Sun won an eBay Charity Auction spending $4.57 million to have lunch with Warren Buffet. Many in the crypto community are unhappy Sun is meeting with Warren Buffet, a known skeptic of cryptocurrencies, on the benefits of crypto. Tron raised $60 million during an ICO and has a market cap of $2.2 billion without any product adoption. The below Redditors had a few things to say about the pending meeting. Spritefire - "Warren comes in and takes a few bites while looking at his utensils, gives a nod to the waiter and then turns and leaves." Master3000 - "My fetish is that Buffet will decline the lunch and instead donate the $4.5M out of his pocket to the charity. Is literally chump change for him." BoyScout22 responded- "Mine is that Buffet takes the $4.5M and puts on a margin short on TRX on Binance and then announces the trade to the press" rjm101 - "Just before anyone gets any high hopes. I highly doubt he (or anyone he brings) is going to change his mind in a lunch. It took him decades just to buy Apple."       4. Apple will release CryptoKit in iOS13. CryptoKit will let developers integrate operations like hashing, key generation, and encryption. CryptoKit will allow for the use of public and private key management. Apple also included four new Bitcoin logos in their pending release for iOS13. During its annual conference, Apple also revealed "Sign in with Apple" which will allow you to sign into 3rd party websites without providing any of your background information. -THE BLOCK CRYPTO       A MESSAGE FROM AIRBNB Earn money by sharing your space. Millions of travelers stayed in an Airbnb last year. Turn your extra space into extra money. 5. The Bloomberg Terminal will list Cadence, an ERC-20 token that tokenizes debt instruments. -YAHOO 6. John McAfee is going to launch the "McAfee Freedom Coin" this fall. -COIN TELEGRAPH 7. CFTC chairman Christopher Giancarlo said that the blockchain would have been key to regulatory intervention during the 2008 financial crisis because bank ledgers would be transparent. -FX STREET 8. The Israeli Supreme Court ruled that Bank Leumi must support cryptocurrency exchange Bits of Gold. -FINANCE MAGNATES 9. Indian officials discovered a cryptocurrency scam that involved a former BitConnect promoter. -COIN TELEGRAPH 10. French retailer Carrefour said that blockchain technology used to track meat, milk, and fruit from farm to stores helped to boost sales. -REUTERS       Written and curated by Darren Webb. He created Currencylists and has worked in marketing roles for a multitude of cryptocurrency and blockchain projects since 2014. Based in NYC, Darren loves to read and continue to learn about cryptocurrency and emerging technology in his spare time. You can find him on Twitter @Dwebbny. Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside), David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology), and Bobby Cherry (senior editor at Inside, who's always on social media).

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