TagParagon

Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities

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Dan Morehead bitcoin etf pantera capital cryptocurrency hedge fund crypto ico

In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximately 25 percent of our fund’s capital is invested in...

ICO Death March? November Inflows Fall to $65M From Yearly High of $2.6 Billion

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The latest statistics on initial coin offerings suggest that the best days of the fundraising mechanism may have long passed. According to digital assets newsletter Diar, the month of November recorded the lowest inflows into initial coin offerings (ICOs) in 2018. With US$65 million raised last month, this was in sharp contrast to this year’s best-performing month, February, when US$2.6 billion...

Lawyer: Phase Two of SEC's Enforcement is Slow, Painful Grind For Crypto

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bitcoin price grind ethereum

According to Kobre & Kim government enforcement defense and securities litigation attorney Jake Chervinsky, the second phase of the US Securities and Exchange Commission (SEC)’s enforcement on crypto is a painful and slow grind for the sector. Earlier this week, the US SEC cracked down on Paragon and AirFox, two initial coin offering (ICO) projects that raised $12 million and $15 million...

SEC Takes Down Two Crypto Startups for Illegal ICOs

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SEC cryptocurrency regulation crypto ico

Dutiful CCN readers may recall this journalist’s questioning of the Paragon ICO over a year ago. Paragon responded to that article with legal threats, as noted in the author’s subsequent analysis of the initial coin offering in question. Now that some time has gone by, and the whole market capitalization of Paragon is about a third of what the company raised during the ICO, the government has...

What’s Up With the Paragon ICO?

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DAO Trust

Another outlet has an interesting piece about Paragon, the rapper-endorsed, apparently-marijuana-related ICO that has everyone talking. According to this outlet, we’d not heard of before: Information about Paragon Coin is very sketchy. It is quite difficult to decipher the meaning of Paragon Coin and what it is intending to do. However, reference to the Cannabis plant is quite evident. All of a...