The messaging startup agreed to return the funds to settle charges that its digital asset offering was an unregistered sale of securities.
The registration of the product on blockchain would allow users to "securely sell or trade" the tangible form of the shoes, Nike said.
“The SEC isn’t playing around. It's time these [ICO] companies recognize this.”
The blockchain startup is the latest company to be sanctioned by the SEC for failing to provide a registration statement for a digital asset offering.
Jonathan Johnson had been serving as interim CEO since the abrupt departure of controversial founder Patrick Byrne last month.
Many companies should consider blockchains because they coordinate information, processes, and payments without a central intermediary, says EY.
The new network increases efficiency and reduces fraud and error risk.
'Backdoor' listings have become a popular way for crypto firms to get into the public markets without the regulatory scrutiny of a traditional IPO.
The technology’s transparency and immutability allow competitors to share data and industries to build credibility with consumers.
Blockchain technology offers a promise of many benefits, but only if it's designed and built correctly.
Ripple will become MoneyGram’s main partner for cross-border transactions after purchasing $30 million worth of newly created MoneyGram shares.
In making software-buying decisions, finance organizations are too focused on gaining efficiencies and not enough on future digital needs, says Gartner.
