Through 2018, the United States Securities and Exchange Commission (SEC) became increasingly active in their regulation of the cryptocurrency space, particularly in regards to recent ICOs. This activity partially came in the form of Cease-and-Desists (C&D) delivered to a number of projects. Of these included Paragon. On November 16th, 2018, Paragon (PRG) received a C&D for their 2017 ICO which raised US$12 million in the sale of, in the eyes of the SEC, unregistered securities. Per the C&D, Paragon was required to pay a US$250,000 fine to the SEC and refund investors of the ICO. In response to the news,
The post Price of Paragon has Multiplied Over 5 Times Since SEC Cease-and-Desist appeared first on The Merkle Hash.
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You can tell an altcoin is close to death when its price soars. That may sound like a contradiction in terms, but that’s what can happen to crypto assets when they’re in the throes of death. With low liquidity and thin volume, exchange-listed altcoins are prey to manipulators who will send them skyward one final […]
The post Pump and Dumps Are the Final Indignity for Dying Coins appeared first on Bitcoin News.
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