It is clear that Jamie Dimon is the fraud and not bitcoin. His past actions and the company JPMorgan is completely demoralizing the cryptocurrency environment but the clear talk is they just want to take advantage. Will If somebody or someone wants to sue them over the mess they created then its their right, because those small traders can't bump their heads on those giants and I think they found their match.
Jamie Dimon is 100% fraud he is just blaming bitcoin that's why he is arising rumors against bitcoin he is totally fraud and he is firing from bitcoin that why he is saying bad things about bitcoin. Bitcoin is trusted since 2009. 
Topic: Jamie Dimon faces market abuse report after his comments about bitcoin (Read 408 times)
September 23, 2017, 01:01:33 AM
September 22, 2017, 05:17:41 AM
The lesson we need to learn from this is if you are popular or a well known person, you must avoid negative talking about a company or a common thing. Otherwise, one of unhappy people can sue you regarding that negative talking.
September 22, 2017, 05:07:57 AM
If that suit like this can be filed, then it means there is an element of merit in it which can be established by the court. The next thing to wait for is to allow the justice system do his job whether Jamie is right or wrong rather than being optimistic, I would want to be neutral because such judgement if given in favor will send a strong signal for judicial precedent and if otherwise, it could mean Jamie was right after all. Let's wait and see the outcome.
September 22, 2017, 05:03:29 AM
I don't think the crash was result from Dimon calling Bitcoin a fraud. Actually, I don't think this did anything to the Bitcoin price but maybe a few week hands that don't understand Bitcoin.
Mainly due to the fact that this can be found on the article you linked - as pointed out by a /u/gulfbitcoin on reddit:
"Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin." - Which means that this wasn't brought against him by any government entity. It's basically just a complaint, that may get investigated.
Actually, I think 95% of the crash was only caused because of the news about China banning exchanges.
Mainly due to the fact that this can be found on the article you linked - as pointed out by a /u/gulfbitcoin on reddit:
"Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin." - Which means that this wasn't brought against him by any government entity. It's basically just a complaint, that may get investigated.
Actually, I think 95% of the crash was only caused because of the news about China banning exchanges.
Interesting news but I doubt Dimon will get penalized, just waiting for the next information about it.
I think so, bitcoin didn't fall because Dimon stated it as fraud, people who have invested in bitcoin know better than that.
Bitcoin price dropped back due to big market in China will be closed obviously, but people over react and dumped bitcoin as most of them looking for easy profit, and buy back at the bottom line.
Correct, he will not be penalized because its really hard to proved than specially in bitcoin which the movement of the price is based on speculation. Well we all know that Dimon is involved in fraudulent activity before involving himself into bitcoin. Its was more of the China news the brought that market down, and Dimon remarks just added fuel to the fire causing the price to plummet below $3000. One thing though is the timing of his bashing of bitcoin. Although later on we all know why he did that. And JP Morgan take advantage of it by buying huge amounts when the price floor. But its good to see that someone has the balls to call Dimon, for all we know who is "authoritative" in the financial world.
September 22, 2017, 04:42:06 AM
I don't think the crash was result from Dimon calling Bitcoin a fraud. Actually, I don't think this did anything to the Bitcoin price but maybe a few week hands that don't understand Bitcoin.
Mainly due to the fact that this can be found on the article you linked - as pointed out by a /u/gulfbitcoin on reddit:
"Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin." - Which means that this wasn't brought against him by any government entity. It's basically just a complaint, that may get investigated.
Actually, I think 95% of the crash was only caused because of the news about China banning exchanges.
Mainly due to the fact that this can be found on the article you linked - as pointed out by a /u/gulfbitcoin on reddit:
"Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin." - Which means that this wasn't brought against him by any government entity. It's basically just a complaint, that may get investigated.
Actually, I think 95% of the crash was only caused because of the news about China banning exchanges.
Interesting news but I doubt Dimon will get penalized, just waiting for the next information about it.
I think so, bitcoin didn't fall because Dimon stated it as fraud, people who have invested in bitcoin know better than that.
Bitcoin price dropped back due to big market in China will be closed obviously, but people over react and dumped bitcoin as most of them looking for easy profit, and buy back at the bottom line.
September 22, 2017, 03:23:52 AM
I think that is very nice to hear.
I am sure that Dinmon did not think that there would be any possible consequences in legal terms that could follow his interview.
For future interviews out of the financial sector, I suppose they will think twice if their statement could be interpreted as misleading information.
I am sure that Dinmon did not think that there would be any possible consequences in legal terms that could follow his interview.
For future interviews out of the financial sector, I suppose they will think twice if their statement could be interpreted as misleading information.
September 22, 2017, 03:02:02 AM
It is clear that Jamie Dimon is the fraud and not bitcoin. His past actions and the company JPMorgan is completely demoralizing the cryptocurrency environment but the clear talk is they just want to take advantage. Will If somebody or someone wants to sue them over the mess they created then its their right, because those small traders can't bump their heads on those giants and I think they found their match.
September 22, 2017, 02:36:22 AM
This is kind of a gray area. It's true that his statements affected Bitcoin value somewhat, the extent of which we don't know, but it seems to me like he was just stating his own opinions about the subject. He said what he did during the slide, so we don't really know exactly how much his statement affected Bitcoin's value.
It does seem like market manipulation because they benefited from it. Bitcoin, in the bigger picture, is still in its infancy and it plays by its own rules, so we can't really apply orthodox standards to its use, so yeah.
It does seem like market manipulation because they benefited from it. Bitcoin, in the bigger picture, is still in its infancy and it plays by its own rules, so we can't really apply orthodox standards to its use, so yeah.
September 22, 2017, 12:14:41 AM
I think that this is a little bit ridiculous.I could call Google a "scam" and they can sue me for that (if they want to).What if all the people who call bitcoin a "scam" get sued?I know that Jamie Dimon has more "authority" than the regular people,but if he can get penalized for this,everyone can get penalized too.
Can we shut down all the crypto blogs and news websites that spread fake news and fake rumors about bitcoin and the other cryptocurrencies?I don`t think so.
Can we shut down all the crypto blogs and news websites that spread fake news and fake rumors about bitcoin and the other cryptocurrencies?I don`t think so.
September 21, 2017, 05:43:20 PM
I don't think the crash was result from Dimon calling Bitcoin a fraud. Actually, I don't think this did anything to the Bitcoin price but maybe a few week hands that don't understand Bitcoin.
Mainly due to the fact that this can be found on the article you linked - as pointed out by a /u/gulfbitcoin on reddit:
"Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin." - Which means that this wasn't brought against him by any government entity. It's basically just a complaint, that may get investigated.
Actually, I think 95% of the crash was only caused because of the news about China banning exchanges.
Mainly due to the fact that this can be found on the article you linked - as pointed out by a /u/gulfbitcoin on reddit:
"Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin." - Which means that this wasn't brought against him by any government entity. It's basically just a complaint, that may get investigated.
Actually, I think 95% of the crash was only caused because of the news about China banning exchanges.
September 21, 2017, 04:09:54 PM
Quote
Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.
The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive.
Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.
Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation".
Blockswater works with blockchain-based assets based in London and Austria.
The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive.
Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.
Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation".
Blockswater works with blockchain-based assets based in London and Austria.
http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-comments/
Another source: http://www.zerohedge.com/news/2017-09-21/jamie-dimon-faces-market-abuse-claim-over-false-misleading-bitcoin-comments
...
Jamie Dimon and JP Morgan could face legal repurcussions from their negative statements against bitcoin which were partially responsible for the last drop down around $3,000.
If Dimon is penalized it could lead to lower bitcoin/crypto volatility over the long haul.
Is it interesting that a decent proportion of crypto volatility could be due to social implications rather than technical ones?
It is very interesting how bitcoin works. With stocks, you follow technicalities such as how a company is doing and what their earnings to date have been. For bitcoin, however, you need to keep up not only with the use of blockchain technologies, but also the news stories surrounding btc. It's part of what makes bitcoin bitcoin. As for JP Morgan, they are definitely in some deep shit right now.
September 21, 2017, 03:50:30 PM
Quote
Blockswater, an algorithmic liquidity provider, has filed a market abuse report against Jamie Dimon for "spreading false and misleading information" about bitcoin.
The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive.
Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.
Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation".
Blockswater works with blockchain-based assets based in London and Austria.
The firm filed the report with the Swedish Financial Supervisory Authority against JPMorgan Chase and Dimon, the company's chief executive.
Blockswater said Dimon violated Article 12 of the European Union's Market Abuse Regulation (MAR) by declaring that cryptocurrency bitcoin was "a fraud".
The influential executive last week slammed cryptocurrencies, pushing the digital currency to a three-week low.
Dimon said he would fire an employee who traded in cryptocurrencies for being "stupid".
The complaint said Dimon's statement negatively impacted "the cryptocurrency's price and reputation". It also said Dimon "knew, or ought to have known, that the information he disseminated was false and misleading".
"Jamie Dimon's public assertions did not only affect the reputation of bitcoin, they harmed the interests of some of his own clients and many young businesses that are working hard to create a better financial system,” said Florian Schweitzer, managing partner at Blockswater.
Blockswater said JPMorgan traded bitcoin derivatives for their clients on Stockholm-based exchange Nasdaq Nordic before and after Dimon's statements, which Schweitzer said "smells like market manipulation".
Blockswater works with blockchain-based assets based in London and Austria.
http://www.cityam.com/272451/jamie-dimon-faces-market-abuse-report-after-his-comments/
Another source: http://www.zerohedge.com/news/2017-09-21/jamie-dimon-faces-market-abuse-claim-over-false-misleading-bitcoin-comments
...
Jamie Dimon and JP Morgan could face legal repurcussions from their negative statements against bitcoin which were partially responsible for the last drop down around $3,000.
If Dimon is penalized it could lead to lower bitcoin/crypto volatility over the long haul.
Is it interesting that a decent proportion of crypto volatility could be due to social implications rather than technical ones?
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