The SEC reports that charges have been settled against CarrierEQ Inc., the privately held, Boston-based startup that does business as Airfox, and Paragon Coin Inc., an online financial entity formed in mid-2017 and headed by a former Miss Iowa beauty queen. Paragon proposed to “add blockchain technology to the cannabis industry and work toward legalization… Read More >>
NY AG to Inspect Crypto Currency Exchanges
New York’s attorney general is taking cryptocurrency exchanges to task just as recent statistics about initial coin offerings (ICOs) over the past four years are indicating that 39 percent of them have failed and 191 were scams. Eric T. Schneiderman, attorney general for the Empire State, is focusing on cryptocurrency exchanges and platforms via the… Read More >>
Celebrities & Buyers Beware: the SEC Is Watching
Celebrities have another worry to add to their lists well beyond the spying paparazzi: the SEC. Yes, the SEC. Officials via the SEC Division of Enforcement and the Office of Compliance Inspections and Examinations (OCIE) have issued a statement warning celebrities that their endorsements of initial coin offerings (ICOs) and related ventures “may be unlawful… Read More >>
