To jumpstart a digital market around its code, the company announced Tuesday that it’s committing up to $3 million in fiat and crypto to enlist developers in creating up to 25 marketplaces that only use kin, a cryptocurrency valued at roughly $100 million.
These marketplaces could be anything from places to buy access to live video chats with a influential YouTubers t0 very rare sticker packs they can use in chats.
As long as its all digital, that’s the kind of market kin wants to foster.
The initiative “financially incentivizes developers to create natively with kin, bringing us closer to our goal of becoming the most used cryptocurrency in the world,” Ted Livingston, CEO of Kik, said in a press release.
According to the Kin Ecosystem Foundation, the non-profit that oversees kin, the deadline for developers to apply to participate is August 10.
The two were nabbed as part of a nationwide operation dubbed “Operation Dark Gold” which targets the illegal and criminal activities on dark web marketplaces. The DoJ seized over $ 22 million worth of assets from the two as well as other co-conspirators whose identity wasn’t revealed. $ 17 million of the seized assets was
By offering cash for bitcoin, HSI agents were able to identify specific drug dealers, ultimately tracing more than $20 million in drug-linked cryptocurrency transactions. In the past, law enforcement efforts have focused on taking down marketplaces in full, most notably Silk Road, Silk Road 2.
By offering cash for bitcoin, HSI agents were able to identify specific drug dealers, ultimately tracing more than $20 million in drug-linked cryptocurrency transactions. In the past, law enforcement efforts have focused on taking down marketplaces in full, most notably Silk Road, Silk Road 2.
The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.