In an original WSJ documentary, markets reporter Steven Russolillo ventures to Japan and Hong Kong to explore the universe of cryptocurrencies. His mission: create WSJCoin, a virtual token for the newspaper industry. Video: Clément BürgeCanadian social-media company Kik Interactive Inc. has become the most prominent business sued by U.S. regulators over claims it illegally raised capital by selling its own cryptocurrency. The Securities and Exchange Commission sued Kik on Tuesday in federal court, alleging the company’s 2017 “initial coin offering” evaded U.S. investor-protection laws. With the civil lawsuit, the SEC is confronting one of the biggest ICOs two years after Kik raised $100 million selling a cryptocurrency it called kin.

Source: Wall Street Journal June 04, 2019 17:15 UTC