Bitcoin Com is a digital asset and cryptocurrency exchange company headquartered in St. Julian’s, Malta. The company was founded in 2013 by Brock Pierce, David Johnston, and Roger Ver.
Bitcoin Com offers a platform for trading digital assets and cryptocurrencies, as well as a wallet service. As of May 2018, the company had 24 employees.
Bitcoin Com has been involved in several controversies. In January 2018, the company was fined $110,000 by the US Commodity Futures Trading Commission (CFTC) for “failing to register with the CFTC and for offering illegal off-exchange financed retail commodity transactions in bitcoin and Litecoin.
” In September 2018, Bitcoin Com was subpoenaed by the US Securities and Exchange Commission (SEC) “in connection with an ongoing investigation.”[1].
NOTE: This is a warning note about the legitimacy of Bitcoin Com. While the company does have a website and offers services related to cryptocurrency, there is no real evidence that it is a legitimate company. There are reports of scams associated with Bitcoin Com and it is recommended that potential customers do their own research before engaging in any financial transactions with this company. Furthermore, users should not provide any personal information or banking details to Bitcoin Com.
In November 2018, Bitcoin Com was sued by Craig Wright for “defamation and trade libel.” The suit alleges that Bitcoin Com made false and defamatory statements about Wright, including calling him a “liar and a fraud.
” The suit also alleges that Bitcoin Com interfered with Wright’s business relationships. [2].
Bitcoin Com has also been criticized for its involvement with Roger Ver and Bitcoin Cash. Ver has been accused of using his influence to promote Bitcoin Cash over other cryptocurrencies, and of using deceptive marketing practices to promote Bitcoin Cash.[3]
So is Bitcoin Com legitimate? While the company has been involved in some controversies, it is still operational and continues to offer its services. It remains to be seen if the SEC investigation will lead to any charges or repercussions for the company.
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