BitMEX Co-Founder Ben Delo to face class-action lawsuit, judge rules
BitMEX co-founder Ben Delo is set to face a class-action lawsuit following a ruling by a United States federal judge. BitMEX is under fire for using a scheme that allowed prices on the exchange to be manipulated, with Delo being alleged as key in such manipulation.This decision marks a notable moment in the ongoing scrutiny […]
Crypto ETFs at risk from SEC’s regulatory approach, BitMEX claims
In a significant development within the cryptocurrency sector, prominent figures have raised concerns about the U.S. Securities and Exchange Commission’s (SEC) approach to crypto exchange-traded funds (ETFs). Scott Johnsson, a renowned U.S. financial lawyer, Nic Carter, a respected venture capitalist, and BitMEX, a major crypto exchange, have expressed apprehensions regarding the SEC’s regulatory framework, specifically […]
BitMEX re-enters derivatives arena with novel prediction market
BitMEX, a name once synonymous with crypto derivatives, has unveiled a prediction market, marking its return to its core business. The new product allows traders to capitalize on real-world events including cryptocurrency price movements. However, this move comes after a period of restructuring and a shift in leadership, with Stephan Lutz taking the reins as […]
BitMEX CEO claims Bitcoin is set to become the ultimate currency for AI
In a recently published article, Arthur Hayes, the CEO of BitMEX, made a bold claim that Bitcoin would be the preferred currency for Artificial Intelligence (AI). Hayes emphasized that AI would favor BTC as the currency of choice for its economic activities. Titled “Massa,” which means “slaver,” Hayes’s article foretold a future where AI would […]
BitMEX CEO calls for operational model shift as internal market-making teams face scrutiny
As the cryptocurrency landscape continues to evolve, the acting CEO of BitMEX’s parent company, Stephan Lutz, in an interview, suggests a shift in the operational model of exchanges, particularly regarding their internal market-making teams. Lutz believes that the rise of high-frequency traders (HFTs) and proprietary trading firms can effectively replace the need for internal market […]
Ordinals NFTs transforming the crypto landscape: BitMEX identifies over 13,000 Ordinals transactions
BitMEX, a crypto derivatives firm, recently revealed that the number of Ordinals NFTs on the Bitcoin blockchain has skyrocketed to 13,000 since their launch only two months ago. According to their latest blog post published Wednesday, these ordinals have consumed 526 megabytes (MB) of block space and cost creators 6.77 Bitcoin ($155K at current rates). […]
BitMEX CEO Alexander Höptner resigns
The CEO of BitMEX succumbs to crypto winter. The CEO has joined the increasing number of crypto exchange CEOs who have resigned. The CEO of the crypto futures market BitMEX, Alexander Hoeptner, has left the company. The influx of cryptocurrency-related C-level executives quitting their posts in the midst of the continuing bear market has heightened […]
BitMEX set to launch brokerage service in Switzerland
TL;DR Breakdown • The European country appears open to accepting cryptocurrencies under its laws.• BitMEX must show regulators that they would not present money laundering problems. BitMEX, a global crypto platform, is getting ready to be tested by Swiss regulators. This occurred after the exchange platform had to pay a $100 million fine in the […]
BitMEX parent company appoints Alexander Höptner as new CEO
TL:DR Breakdown: 100x Group, the BitMEX parent company, has appointed Alexander Höptner as the new CEO. Höptner will spearhead the expansion of digital financial services on BitMEX. BitMEX parent company, 100x Group, announced that Alexander Höptner has been appointed to serve as the company’s new chief executive officer (CEO). The company owns and operates the […]
BitMEX Exchange: compliance chief officer joins BitMEX Exchange following EE charges
BitMEX Exchange is one of the most important platforms for Bitcoin trading today. According to a publication made on Monday, this platform announced the hiring of Malcolm Wright as the group’s chief compliance officer. Malcolm Wright has extensive anti-money laundering experience and serves on various international committees. Wright is part of the Center for Financial […]
BitMEX executives dismissed after money laundry charges
BitMEX CEO, CTO dismissed with immediate effect Despite executive sack, exchange continues operation Executives of Seychelles based crypto exchange firm, BitMEX have been dismissed following money laundry charges against them. The BitMEX executive shakeup affected Arthur Hayes, BitMEX CEO, Samuel Reed, the CTO, Greg Dwyer, head of business development, among others. US vs. BitMEX executives, […]
Is BitMEX bitcoin exodus driving bitcoin transaction fees?
The withdrawal of more than 40,000 bitcoin from the embattled BitMEX cryptocurrency derivatives platform could have possibly driven the cost of transacting bitcoin. The average charges for transferring BTC soared by more than two folds during the previous week, according to data shared by BitInfoCharts. Notably, while BTC transaction fees hiked, those for the smart […]
Over 45k bitcoin abandon BitMex since authorities charged co-founders
BitMEX account holders continued to push their bitcoins from the derivatives platform on October 2, as the fifth cryptocurrency derivatives platform pledged to contest accusations in court. The bitcoin’s efflux from the platform comes after a whole range of accusations against the Seychelles-based crypto derivatives exchange. The latest statistics from on-chain data platform Glassnodes suggests […]
Bitcoin outflows from BitMEX heighten over CFTC’s charges
The recent charges filed against the popular digital currency derivatives trading platform, BitMEX, has shot up the number of Bitcoins moving off the exchange. However, the massive withdrawals haven’t contributed a significant impact on the exchange’s liquidity when compared by the bid/offer spread. This somewhat suggests that most traders on the platform are not alarmed […]
BitMEX to launch Quanto futures contract for Chainlink, Tezos, and two others
A blog post on Friday from BitMEX has informed that the exchange will be launching a Quanto futures contract for about four cryptocurrencies. The cryptos which include Chainlink (LINK), Tezos (XTZ), EOS token (EOS), and Cardano (ADA) will be listed on its platform by next week. BitMEX sees first DeFi-linked Quanto futures contract According to […]
BitMEX Mobile app launched for real-time Bitcoin trading
BitMEX mobile app has been launched by leading digital currency exchange BitMEX in a bid to offer users a real-time as well as handy mobile trading platform. The cryptocurrency derivatives exchange via an official blog post disclosed that the BitMEX mobile trading app would be available in 140 countries. As well as available for download […]
BitMEX faces lawsuit for alleged market manipulation and racketeering
Cryptocurrency exchange platform BitMEX and its executives have been accused of indulging in illegal activities that include racketeering, money laundering Damon other financial crimes. BitMEX, one of the largest crypto derivatives platforms across the globe, has been accused of being “deliberately designed” to facilitate a multitude of illegal activities. BitMEX faces a lawsuit for money […]
Bitmex Japan closes shop amidst tightening crypto regulations
As Bitmex Japan closes its operations, the ever-tightening rules in the country are sparking a worrying trend. Japan has a liberal crypto scene where innovation and new players are promoted. Lately, the country is witnessing an increased strictness in the crypto-related financial regulations. Bitmex Japan closes in a bid to avoid the mounting regulations. The […]
Is crypto futures shakeup traceable to Bitcoin’s March 12 crash?
There has been a crypto futures shakeup almost two months later, after bitcoin and the entire cryptocurrency industry collapsed on March 12. After the famed ‘black-Thursday, derivatives exchange platform, BitMEX has markedly surrendered a chunk of its futures marketplace to Binance, according to crypto research firm Coin Metrics. According to BitMEX, it endured a double distributed […]
BitMEX donates $2.5M to help against COVID-19 pandemic
HDR Global Trading Limited, the parent company of BitMEX, has announced that it is going to support in the fight against the COVID-19 pandemic with a response fund worth millions of dollars. At present, there have been over 2.4 million confirmed cases of coronavirus pandemic, while the total number of deaths due to the virus […]
BitMEX donates $2.5 million coronavirus response fund
BitMEX, a leading crypto exchange, and derivatives company has joined other cryptocurrency firms, including Binance, to issue coronavirus response funds. The funds which are worth millions were donated by the parent company, HDR Global Trading Limited. BitMEX contributes $2.5 million As per the announcement on Monday, the crypto company donated a total of $2.5 million […]
The implications of bearish run on the crypto market
Crypto assets have continued to face its own fair share of “lows” over the past few days as a result of it experiencing a lot of bearish movement in the crypto market. According to more calculated observation, the presence of the “bears” are meant to push the market much lower due to the strong sell […]
BitMEX operator pledges $400K in cybersecurity aid
Cryptocurrency exchange BitMEX operator, HDR Global Trading, announced on Monday that it had become a sponsor of a non-profit cybersecurity firm named Shadowserver Foundation by committing a donation of four hundred thousand US dollars ($400,000) for next four years. Since its establishment in 2004, the Shadowserver Foundation has taken a humble path to success. While […]
11 Crypto exchange lawsuits for fraudulent sales filed in NewYork
April 3 saw 11 crypto exchange lawsuits filed in the state of New York targeting 7 major crypto firms. The organization behind the lawsuits is Roche Freedman for illegal and fraudulent sales. These class-action suits have indicted companies like Binance, the Tron foundation, Block.one, BitMEX and many others. The lawsuits have also dragged in some […]
Bitcoin scalability: A big clash of priorities – CASS Co-founder
Bitcoin has proven to be slow compared to other cryptocurrencies in terms of payments. When it was introduced over ten years ago, many expected that it would take over other fiat currencies but this has not been the case. Bitcoin scalability priority problem Bitcoin scalability is still a big question. On Untold Stories podcast, Jameson […]
