Tagged: paragon

SEC-Sanctioned Paragon Crypto Project Selling its Cannabis Co-Working Space

Paragon, a company that sold a cryptocurrency called PRG, a coin the company could be used to pay rent at a cannabis co-working space in LA, has decided to sell that property, Coindesk reports. PRG coins can now be used, the company says, to pay… Read More

On Being Open and Honest With Regulators: The Gladius Network Cease & Desist Order and the SEC’s Map for ICO Remediation

For the third time since November 2018, on February 20, 2019, the SEC issued a cease and desist order relating to an initial coin offering (ICO) which set forth the steps for remediation of an unregistered securities offering, this time for Gladius Network, LLC (the… Read More

LendingPoint Increases Mezzanine Financing & Brings Total Facility to $67.5 Million

LendingPoint announced on Monday it closed an increase of its mezzanine financing, bringing the total of the facility to $67.5 million. According to LendingPoint, a Paragon co-investor joined the facility as a lender, with Paragon Outcomes Management LLC leading the deal and participated in the upsizing. LendingPoint… Read More

SEC Fined and Sanctioned Crypto Project Paragon Pumps 6800% on Russian Exchange

A Happy New Year, indeed. Paragon Coin (PRG), the crypto token of a “cannabis on blockchain” project sanctioned in November by the SEC, pumped 6800% overnight on New Year’s Eve on the Russian crypto exchange Yobit. When PRG holders woke up in the new year,… Read More

What the SEC’s ICO Crackdown Means For You

Recently, the Securities and Exchange Commission (SEC) has been actively pursuing all players in the initial coin offering (ICO) space, including companies that have raised money with ICOs, an exchange, people promoting ICOs, and most recently, an ICO investment fund. The SEC’s recent actions are… Read More

A Big November for the SEC’s Regulation of Crypto: What Does It Mean?

November was a busy month for the SEC’s burgeoning regulation of digital assets. In the first action of its kind, the Commission brought enforcement proceedings against the founder of digital asset trading platform EtherDelta for operating as an unregistered securities “exchange.” Ten days later, the… Read More

Initial Coin Offerings: I Have to File a Form 10? Great! What’s a Form 10?

Those who have read the SEC settlements with AirFox (CarrierEQ.Inc.) and Paragon Coin, Inc. published on November 16, 2018, will note that the defendant ICO issuers agreed, among other things, to register their “coins” under the Exchange Act (the Securities Exchange Act of 1934) by filing… Read More

Templum Comments on SEC ICO Enforcement Action: “We are Likely to See Continued Enforcement Actions & Litigation”

On November 16th, the Securities and Exchange Commission (SEC) announced its first enforcement actions against initial coin offerings (ICOs) that did not file for an appropriate securities exemption following the SEC’s DAO report. The SEC settled claims with both Paragon and AirFox with each ICO issuer… Read More

Case Against Airfox and Paragon Initial Coin Offerings Makes Abundantly Clear SEC’s Approach to Post DAO ICOs

Last Friday, the SEC settled charges against two companies, CarrierEQ Inc. dba Airfox (“Airfox”) and Paragon Coin Inc. (“Paragon”), which raised money with initial coin offerings (“ICOs”).  The SEC found that both companies violated the registration provisions of the U.S. securities laws because neither company… Read More

Reading the Tea Leaves: Doug Ellenoff Shares Opinion on SEC Enforcement Action Against Two Post DAO Report ICO Issuers

Last week, the Securities and Exchange Commission (SEC) announced enforcement actions against two initial coin offerings (ICOs): Paragon (Paragon Coin Inc.) and AirFox (CarrierEQ Inc. dba Airfox). As the SEC recounted in their Administrative filing: Airfox: “Between August and October 2017, AirFox offered and then… Read More

Following Settlement with the SEC, Paragon Claims it is “Making History” Calls SEC Enforcement Action a Positive Agreement

Cannabis focused blockchain startup Paragon (Paragon Coin) has issued a press release following the Securities and Exchange Commission’s (SEC) announcement last week that Paragon had settled with the SEC regarding charges of issuing an unregistered security. Paragon was one of two ICOs that were deemed… Read More

First Two Sanctioned ICO Issuers Settle with SEC: Will Refund Investors, Register as Securities and Pay Fines [u]

This has been a big week for digital asset / ICO law in America. Yesterday, Maksim Zaslavskiy pleaded guilty to fraud in a federal court in Brooklyn for selling the digital tokens RECoin and Diamond Reserve Coin, tokens he falsely claimed were backed by real-world… Read More

The Paragon ICO is Just Killing it as the Token Pre-Sale Sells Out

Paragon, the Cannabis oriented company and its affiliated Paragon Coin is killing it. The pre-sale of the Initial Coin Offering (ICO) launched several weeks back and sold out at 70,000,000 PRG.  The remaining 30 million in PRG is open to the public now until mid-October…. Read More

GE Appliances’ FirstBuild Launches Fourth Indiegogo Campaign: Raises $50,000 For Smart Cooking System

GE’s subsidiary, FirstBuild, launched its fourth Indiegogo campaign on Wednesday. The company is sought to raise $50,000 for its new smart cooking system, Paragon, and within a matter of hours secure its initial funding target. FirstBuild stated that the Paragon system brings precision to any… Read More

GE FirstBuild’s Connected Paragon Induction Cooktop Set to Be Featured at 2015 International Home + Housewares Show

FirstBuild, GE Appliances’ new global co-creation community, will showcase its Indiegogo project Paragon Induction Cooktop along with Chantal cookware at the International Home + Housewares Show on March 7th-10th at McCormick Place in Chicago. FirstBuild and Chantal have partnered to bundle cutting-edge mobile technology with… Read More

Cupid’s Arrow Hits Its Mark: Indiegogo Backers Fall in Love GE FirstBuild’s Connected Cooktop

The old saying that the way to a man’s heart is through his stomach just might be true if you consider the success of GE FirstBuild’s crowdfunding campaign on Indiegogo for its Paragon Precision Cooktop. Whether funders are buying for their sweethearts or for themselves, Paragon… Read More

Bon Appetit! GE Firstbuild’s Cooktop Paragon Gains Nearly $160,000 in Two Days on Indiegogo

FirstBuild, GE Appliances’ new global co-creation community of designers, engineers and appliances users dedicated to developing and manufacturing the next generation of home appliances, launched the Paragon Induction Cooktop earlier this week with discount pricing through a crowdfunding campaign on Indiegogo. Paragon enables home cooks to achieve restaurant… Read More

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