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.

129 +

South African Mirror Trading's CEO Fined $3.4B by U.S. in Bitcoin Forex Fraud Case

The founder of bitcoin pool operator MTI was charged with fraud last year for running an unlicensed commodity pool scheme.

125 +

CFTC fines South African CEO $3.4B over Bitcoin MLM scheme

The U. S. Commodity Futures Trading Commission (CFTC) said on April 27 that it has obtained a court judgment against a CEO involved in Bitcoin-related fraud. CEO was involved in Bitcoin MLM The case in question concerns Cornelius Johannes Steynberg of South Africa, who was the founder and CEO of Mirror Trading International Proprietary Limited (MTI).

233 +

2023 Bitcoin price movements mirror 2017, weekend see a third attempt at $25K

Today has seen Bitcoin (BTC/USD) cap the weekend’s price surge with another stab at $25,000. It is the third time that the bitcoin price is attempting to break above $25,000 and it is already showing signs of pulling off another 2017.

64 +

Bitcoin continues to 'mirror' 2017 as weekend sees third attack on $25K

A fresh burst higher into the weekly close for BTC price comes in tandem with suspicions over the motives of large-volume Bitcoin exchange traders.

167 +

ATOM and SOL beat BTC returns over the past 2 weeks

Altcoins often mirror the price movements of Bitcoin (BTC), the largest cryptocurrency by market capitalization. The post ATOM and SOL beat BTC returns over the past 2 weeks appeared first on CryptoSlate.

224 +

Crypto price prediction: Mirror (MIR), Serum (SRM), Solana

Cryptocurrency prices drifted downwards on the final week of the year as concerns about a global recession coincided with those of high interest rates. Bitcoin darted lower and reached a low of $16,485.

196 +

Which Bitcoin Monster Do You See In The Mirror?

Which one of these four monstrous archetypes describe how you view your investment in bitcoin?

78 +

How Satoshi Nakamoto And Bitcoin Mirror The United States’ Founding Principles

The governance and origins of Bitcoin closely resemble those presented in the founding documents of the United States.

128 +

CFTC charges Mirror Trading International with alleged fraud of $1.7 billion worth of Bitcoin

The Commodity Futures Trading Commission (CFTC) has charged Cornelius Johannes Steynberg and his company Mirror Trading International (MTI), with fraud and registration violations. The post CFTC charges Mirror Trading International with alleged fraud of $1.

173 +

CFTC Charges South African Bitcoin Club Mirror Trading International With $1.7B Fraud

MTI’s self-described CEO was recently detained in Brazil on an Interpol warrant, the regulator said.

188 +

Addressing More Bitcoin Energy FUD By Showing The Mirror

A metric posed as a criticism of Bitcoin actually shows extreme energy usage in one example of a legacy company.

98 +

2 key Bitcoin trading indicators suggest BTC is ready for a 62% upside move

BTC derivatives metrics currently mirror late-September readings which preceded a strong 62% move in Bitcoin price.

122 +

Today's Economy Parallels Weimar Germany's Hyperinflation, But Now We Have Bitcoin

The more things change the more they stay the same; our modern inflationary currencies are beginning to mirror that of Weimar.

139 +

XRP, Ethereum Classic, Enjin Price Analysis: 23 August

Altcoins such as XRP, Ethereum Classic and Enjin weren’t quick to mirror Bitcoin and Ethereum’s upward trend. These altcoins continued to display signs of consolidation. XRP failed to test the $1.

259 +

MTI Investors Urged to Ignore Fake Bitcoin Recovery Offers

Beleaguered Mirror Trading International (MTI) investors have been told to ignore unsolicited offers from individuals claiming to have the ability to trace and recover their missing bitcoins. This warning from the court-appointed liquidators was made after reports emerged that several MTI investors had received such bogus offers from individuals claiming to be agents for cryptocurrency […]

248 +

Bitcoin: History doesn't mirror itself perfectly BUT...

Bitcoin began 2021 with a rally and surged higher, hitting an all-time peak of $64,863 in April. But within just six weeks between April and May, BTC plummeted from this record high to less than half The post Bitcoin: History doesn't mirror itself perfectly BUT... appeared first on AMBCrypto.

235 +

South African Court Grants Final Liquidation Order Against the ‘Biggest Cryptocurrency Scam in 2020’

A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year.

212 +

Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit

In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application was “premature” and that liquidators may “not have the members’ best […]

122 +

South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme.

206 +

Sichuan To Probe Bitcoin Mining Energy Use

The province is set to mirror previous investigations in Inner Mongolia and Beijing into the energy usage of miners.

187 +

MTI CEO and Wife Issued With Provisional Sequestration Order by South African High Court

A South African High Court recently served Mirror Trading International (MTI)’s Johann and Nerina Steynberg with a provisional sequestration order. The court’s decision follows a successful court application by the five joint provisional liquidators of the now-defunct online bitcoin scam.

151 +

THETA, Chainlink, Ethereum Price Analysis: 23 April

The altcoin market continued to illustrate the significant influence Bitcoin has on it. BTC fell below the $50k price level and it didn't take too long for the remainder of the market to mirror its loThe post THETA, Chainlink, Ethereum Price Analysis: 23 April appeared first on AMBCrypto.

259 +

China’s beauty app Meitu invested over $22m in Ethereum (ETH)

Elon Musk’s Tesla made massive waves in the crypto industry when it was revealed that it bought $1. 5 billion worth of Bitcoin. Now, China’s beauty app, Meitu, decided to mirror its move by investing over $20 million in Ethereum (ETH), causing Ethereum’s price to jump by over 6%.

244 +

Why companies will mirror Tesla's bitcoin strategy

Offering a fresh perspective on Tesla's Bitcoin investment strategy, Daniel Ives, Managing Director and Senior Equity Research Analyst at Wedbush Securities thinks that Tesla would “double down on The post Why companies will mirror Tesla's bitcoin strategy appeared first on AMBCrypto.

211 +

Bryan Legend and DeFi Go Together Like Stock and Bonds

Decentralized Finance (DeFi), a product of cryptocurrency’s evolution since the introduction of Bitcoin more than a decade ago is now in a position to mirror the traditional financial products and services.

193 +

Liquidators seek expanded probe of alleged South African Bitcoin scheme

Liquidators of the embattled Mirror Trading International want a deeper probe of the alleged Bitcoin multi-level marketing scheme.

173 +

Liquidators of South African Bitcoin Trading Club Request Greater Probe Powers

Placed under provisional liquidation last month, Mirror Trading had claimed to be able to offer returns of 10% a month using bots to trade clients' bitcoin.

190 +

MTI Bitcoins Sent to Privacy Mixers as New Data Breach Exposes the Ponzi Scheme’s Top Earners

In another twist to the Mirror Trading International (MTI) bitcoin Ponzi scam, the blockchain intelligence firm Whitestream says bitcoins from wallets associated with the company are being sent to Wasabi privacy mixers.

168 +

South African Court Grants Order to Liquidate Mirror Trading International After Investors Fail to Withdraw Their BTC

A South African High Court recently granted a provisional liquidation order against Mirror Trading International (MTI) following an application for relief by two investors who failed to withdraw their bitcoin.

208 +

CEO of MTI Bitcoin Ponzi Scheme Flees South Africa in Possible Exit Scam – Funds Blocked

In an unexpected turn of events, the management team at Mirror Trading International (MTI) now suggest that their CEO Johann Steynberg may have exit scammed. The team alleges that Steynberg, now believed to be in Brazil, has locked out key management staff from accessing MTI’s account with a local bank.

237 +

South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins

South African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam.

182 +

Litecoin, IOTA, Ethereum Classic Price Analysis: 25 November

The past twelve hours saw the altcoins mirror Bitcoin's movement. The momentum was bullish for Litecoin and IOTA, but the trading volume would need to pick up to affirm their price movement in either The post Litecoin, IOTA, Ethereum Classic Price Analysis: 25 November appeared first on AMBCrypto.

234 +

South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme

A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme.

179 +

XRP uptrend stalls ahead of Swell conference

XRP price stalls around $0.26 with the next move likely to mirror Bitcoin’s Ripple’s...

The post XRP uptrend stalls ahead of Swell conference appeared first on Coin Journal.

174 +

Leaked Data Outs Bitcoin Investment Company as Scam: Founders Deny the Allegations

A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam.

186 +

Analyst: Chainlink Looks “Weak and Heavy” as It Flashes Signs of Bearishness

Chainlink has witnessed some intense selling pressure throughout the past couple of days, with the cryptocurrency being unable to mirror the gains seen by Bitcoin today. These losses have struck a blow to its technical outlook, potentially opening the gates for it to see further downside in the coming weeks and months. While speaking about […]

155 +

Finally, Bitcoin's FAD status is fading!

It's not a shock that Bitcoin outperforms many popular assets in the world. In fact, not only does it outperform popular assets but leaves them in its rearview mirror, eating dust. This is not justThe post Finally, Bitcoin's FAD status is fading! appeared first on AMBCrypto.

121 +

XRP, Cardano, Ethereum Classic Price Analysis: 11 September

Altcoins tend to mirror the price action of Bitcoin and such was the case in the past week. Most coins across the crypto market did note substantial losses as the price of Bitcoin dipped below $10k moThe post XRP, Cardano, Ethereum Classic Price Analysis: 11 September appeared first on AMBCrypto.

293 +

South African Regulator Pressures Bitcoin Investment Company, Urges Clients to Request Refunds

An embattled bitcoin investment company, Mirror Trading International (MTI)’s troubles took another twist August 18 after the South African regulator, Financial Sector Conduct Authority (FSCA) said that it is investigating the investment company.

193 +

South African Bitcoin Investment Company Faces Fresh Scam Allegations

FX Choice, a forex and crypto trading company, is making new allegations that South African bitcoin investment company, Mirror Trading International (MTI) is a multi-level marketing scam. The company says it uncovered this after researching into MTI, a firm that claims to have “118,027 members in 192 countries” and ostensibly sees “12,879.

279 +

South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations

Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam.

150 +

Texas Securities Regulator Accuses South African Trading Pool of Crypto Fraud

Texas' securities watchdog ordered Mirror Trading International to cease operations, alleging the South African bitcoin and forex "investor club" is a multilevel marketing scam.

206 +

Bitcoin, Monero, Dogecoin Price Analysis: 27 June

The past few days have seen Bitcoin's price drop to close to $9000, and as expected, many of the market's altcoins were quick to mirror the price action of the world's largest cryptocurrency. In fact,The post Bitcoin, Monero, Dogecoin Price Analysis: 27 June appeared first on AMBCrypto.

425 +

Bitcoin News Roundup for May 12, 2020

With the third Bitcoin halving in the rearview mirror, Markets Daily is back with your bitcoin news roundup for a look at price movements, problematic privacy and more...

253 +

Bitcoin's price swaggers towards halving as LINK, DCR mirror surge

Over the course of the past few days, Bitcoin has been teasing the coveted $10k mark, briefly crossing it before choosing to settle just below it. However, unlike the king coin's previous bull ralliesThe post Bitcoin's price swaggers towards halving as LINK, DCR mirror surge appeared first on AMBCrypto.

243 +

Ethereum's still out in front; finds Bitcoin in its mirror

Even with Bitcoin adding over a third of its price in 2020, Ethereum still remains the coin to beat. The largest altcoin in the market firmly took the lead as conditions continued to point towards The post Ethereum's still out in front; finds Bitcoin in its mirror appeared first on AMBCrypto.

196 +

Litecoin may face sideways movement between $71.94 and $78.53

Litecoin's past 24-hour change does not mirror its recent bullish rally. The silver counterpart to Bitcoin registered a slump of 9.08 percent and its price held support just above $70. According to CoThe post Litecoin may face sideways movement between $71.94 and $78.53 appeared first on AMBCrypto.

173 +

Bitcoin's (BTC) Difficulty Adjustments Mirror Previous Halving Cycle

Bitcoin's difficulty continues to rise at same pace as in 2016 when the previous halving took place

149 +