Tagged: paragon

November 14, 2019 @ 8:19 am By JD Alois  |  

Some cryptocurrency firms that were the target of the Securities and Exchange Commission Division of Enforcement may not be able to adhere to the agreed-upon settlements, according to WSJ.com. Paragon and Airfox are both mentioned in the report. The two companies were deemed to have… Read More

August 27, 2019 @ 7:51 pm By JD Alois  |  

Paragon, a Cannabis-focused company that completed an initial coin offering (ICO) that was determined to be an offering of unregistered securities by the Securities and Exchange Commission (SEC), has begun accepting applications for investor refunds. According to a recent update on the Paragon site, the… Read More

June 26, 2019 @ 11:42 pm By Cali Haan  |  

The team behind Paragon coin has issued a notice informing “Paragonians” that the US Securities and Exchange Commission (SEC) has ordered a 60-day extension of the claims process the regulator compelled when the company was found to have violated the Securities Act by selling “PRG”… Read More

April 25, 2019 @ 1:41 am By Cali Haan  |  

Paragon, a company that sold a cryptocurrency called PRG that the company said 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

March 24, 2019 @ 10:00 am By Jason A. Nagi  |  

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

February 4, 2019 @ 9:11 am By Samantha Hurst  |  

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

January 2, 2019 @ 12:15 pm By Cali Haan  |  

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

December 14, 2018 @ 9:32 am By Onki Kwan  |  

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

December 5, 2018 @ 12:00 pm By Scott Schirick  |  

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

December 3, 2018 @ 9:05 am By Charles Kaufman & Jor Law  |  

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

November 26, 2018 @ 10:46 am By JD Alois  |  

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

November 21, 2018 @ 5:56 am By Onki Kwan  |  

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

November 19, 2018 @ 8:00 am By JD Alois  |  

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

November 19, 2018 @ 3:20 am By JD Alois  |  

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

November 16, 2018 @ 12:04 pm By Cali Haan  |  

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

September 26, 2017 @ 10:30 pm By JD Alois  |  

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

January 4, 2017 @ 4:07 pm By Samantha Hurst  |  

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

March 5, 2015 @ 3:30 pm By Samantha Hurst  |  

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

February 9, 2015 @ 9:04 am By Samantha Hurst  |  

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

February 4, 2015 @ 12:40 pm By Samantha Hurst  |  

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