SEC Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018. The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and […]

SEC sues Bitcoin miner Geosyn Mining for fraud; Bitbot presale nears $3M

SEC sues Geosyn Mining and co-founders for misappropriated funds and misleading investors. Bitbot revolutionizes crypto trading with a non-custodial Telegram bot. The $BITBOT presale nears $3M presale with the token poised to rise from the current $0.0171 to $0.018. The Securities and Exchange Commission (SEC) has filed charges against Bitcoin miner Geosyn Mining, LLC, and […]

CFTC wins a record $3.4B penalty payment in a Bitcoin-related fraud case

This is the largest fraud case involving Bitcoin that CFTC has cracked so far. The case involved the CEO of Mirror Trading International Proprietary Limited (MTI). Half of the $3.4B will go toward providing restitution to victims of MTI’s fraudulent activities. A Texas court has ordered Johannes Steynberg, the CEO of Mirror Trading International Proprietary […]

Bitcoin is ‘a hyped-up fraud’

JPMorgan CEO Jamie Dimon previously slammed Bitcoin as a “Ponzi scheme”. On Thursday, he told CNBC’s Squawk Box that crypto is a decentralised Ponzi scheme and that Bitcoin is just “hyped-up fraud.” Dimon says people have lost billions of dollars and believes regulators should have put a stop to crypto “a long time ago.” Not […]