The Kik Answer

I have mentioned the legal case between USV portfolio company Kik and the SEC several times here on AVC, most recently here. Last night Kik filed a 130 page Answer to the SEC and made this press release. The story was picked up by Coindesk and other news outlets. I am not going to get…

Facebook’s Libra Needs To Answer Three Questions

On June 18th, Facebook officially launched its “Libra” cryptocurrency project, which aims to leverage blockchain technologies to create a new stable cryptocurrency backed by a basket of fiat currencies. Facebook says its aim is to enable accessible and affordable digital payments for billions of people, including un/underbanked people across the world. It aims to make…

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