Is SardineCoin Real? The Sardines Are, At Least

It smelled fishy from the start. On Wednesday, MY Sardines, a Luxembourg-based company, announced its intention to launch a cryptocurrency backed by –  are you sitting? – vintage sardines.  Between the novel collateral, a white paper thin on details (who is the unnamed external auditor for the stock of sardines?) and an April 1 (April […]

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Reggie Middleton Reaches $9.5 Million SEC Settlement Over ICO Fraud

The U.S. Securities and Exchange Commission (SEC) said it has reached a settlement with Reggie Middleton, organizer of the fraught $14.8 million Veritaseum (VERI) initial coin offering (ICO). In a filing with the New York Eastern District Court, dated Oct. 31 and published today, Middleton agreed to the consent decree of the final judgment, without having […]

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