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WE NEED TO TALK ABOUT WHAT'S HAPPENING TO BITCOIN......Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group. �We allege that Sewell defrauded students in his online American Bitcoin Academy of over a million dollars through a series of lies about. Scammers impersonate new or established businesses offering fraudulent crypto coins or tokens. They'll say the company is entering the crypto world by issuing.