Tag Archives: sec

ICO Performance in Q3 2018 Saw ‘Overall Disappointment,’ Study Shows

Initial Coin Offering (ICO) performance was in part characterized by “overall disappointment” in the third quarter of 2018, according to a study from ICO analysis firm ICORating published Nov. 15. As the report states, Q3 2018 saw 597 ICOs raise over $1.8 billion, a notably lower value than the over $8.3 billion reportedly raised in the previous quarter.… Read More »

How SEC’s Paragon Ruling Could Send Many Crypto ICOs to Bankruptcy

Advertisement Twitter Facebook LinkedIn The recent crackdown on two initial coin offerings (ICOs) Paragon and AirFox by the U.S. Securities and Exchange Commission (SEC) could lead to many blockchain and crypto projects declaring bankruptcy in the coming months. As CCN reported on November 16, Paragon and AirFox were ordered to pay a $350,000 fine to the U.S. SEC… Read More »

Two ICOs Settle With the SEC to Register their Tokens as Securities

Just yesterday, the 16th of November, the Securities and Exchange Commission (SEC) released a statement announcing that they had settled charges against two companies that carried out ICOs that fall under securities offerings. In the announcement, the SEC explained that both companies have agreed to return funds to harmed investors as well as register their tokens as securities. The… Read More »

SEC Takes Down Two Crypto Startups for Illegal ICOs

Advertisement Twitter Facebook LinkedIn 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… Read More »

After Friday’s SEC Actions, Experts Say ICO Party ‘Is Truly Over’

The U.S. Securities and Exchange Commission (SEC) has compelled two crypto startups to register their token sales as securities offerings. It’s the first time the SEC has pursued such an action without additional charges of fraud. In a pair of orders published Friday morning, the SEC announced it had settled charges with CarrierEQ Inc., otherwise known as Airfox,… Read More »

SEC Orders Airfox and Paragon to Return Millions to Investors on ICO Registration Violations

The U.S. Securities and Exchange Commission (SEC) has settled charges against two cryptocurrency companies which were accused of violating ICO securities offering registration rules. Both firms, Carrier EQ (Airfox) and Paragon Coin sold digital tokens in ICOs in 2017 after the regulator’s official stance on the ICO. Some crypto fundraisers can be considered securities offerings, according to its DAO Report of… Read More »

SEC Settles Securities Registration Charges Against 2 ICO Startups

Two cryptocurrency startups have agreed to register their initial coin offering (ICO) tokens as securities after settling charges with the U.S. Securities and Exchange Commission. The SEC’s Friday announcement centered on two firms: CarrierEQ Inc., also known as Airfox, and Paragon Coin Inc., both of which conducted token sales last year. Airfox raised $15 million through its sale,… Read More »

Erik Voorhees, Salt Lending Being Investigated by SEC, Report Says

Crypto loans startup Salt Lending and its former CEO, Erik Voorhees, are said to be under investigation by the U.S. securities regulator, according to The Wall Street Journal. In an article published Thursday, the news source cited “people familiar with the probe” as saying that Salt was subpoenaed by the U.S. Securities and Exchange Commission (SEC) in February seeking… Read More »

WSJ: SEC Opened Probe into Erik Voorhees, Crypto Loans Firm Over 2017 $50 Mln Token Sale

Crypto loans company Salt Lending Holdings Inc., once associated with high-profile crypto industry stalwart Erik Voorhees, is facing a U.S. Securities and Exchange Commission (SEC) probe over its 2017 $50 million token sale, the Wall Street Journal (WSJ) reported Nov. 15. Founded in 2016, Salt — which uses clients’ crypto holdings as collateral against fiat currency loans —… Read More »

Guilty Plea Moves First US ICO Fraud Case to Final Stages, Sentencing Set for April

The suspect at the center of the U.S.’ first Initial Coin Offering (ICO) fraud case has pleaded guilty in court, in part settling a case seen as a bellwether for the country’s securities laws, Bloomberg reported Nov. 15. Maksim Zaslavskiy, who faces a sentence of up to 37 months after lying to investors who put funds into two… Read More »