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Less than a year after Bitqyck’s 2016 ICO, Bise and Mendez began promoting a new coin, BitqyM, that was said to power bitcoin mining operations in Washington state. Bise and Mendez admitted in plea papers that no such operations ever existed, and they had unsuccessfully tried to contract a third-party
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On August 29th the Securities and Exchange Commission (SEC) announced that it has settled the charges with the Dallas-based unregistered cryptocurrency exchange Bitqyck and its founders. According to the SEC, the founders, Bruce Bise and Sam Mendez, leveraged an unregistered coin offering and illegally operated crypto exchange with the intention
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