After the BitMEX enforcement action, are other noncompliant exchanges on the CFTC’s radar? “Maybe,” said Chairman Heath Tarbert. In an appearance Wednesday, the regulator largely deferred to his colleagues at the SEC on the question of whether ether in a proof-of-stake version of Ethereum would be a security or a commodity. He similarly punted on DeFi. “Let me just basically say how impressed I am by Ethereum, full stop, period.” No, that’s not a Silicon Valley investor. That was Heath Tarbert, chairman of the Commodity Futures Trading Commission (CFTC), who flexed a sophisticated understanding of blockchains during a live interview at […]
BitMEX
20 posts
Open interest on the Seychelles-based cryptocurrency exchange is down nearly 50% from the $125 million observed Oct. 1. Source link
BitMEX is in hot water with the CFTC and DOJ. Thursday, a dual agency operation levied charges against the derivatives exchange and several employees for facilitating unregistered trading and violating the Bank Secrecy Act. Elsewhere, another European financial head has intimated the need for a “digital euro,” Atari’s cryptocurrency has a sale date and Venezuela built a national stock exchange on Ethereum. Top shelf BitMEX’s big messThe U.S. Commodity Futures Trading Commission (CFTC) and federal prosecutors are charging crypto trading platform BitMEX with facilitating unregistered trading and other crimes. Further, several executives and employees have been charged with violating the Bank Secrecy Act, with […]
Since the announcement from U.S. regulators, BitMEX has witnessed an outflow of more than 40,000 bitcoins, currently worth more than $422 million. Source link
U.S. regulators and law-enforcement officials brought charges on Thursday against BitMEX, a Seychelles-based cryptocurrency exchange that has grown in recent years to be one of the industry’s biggest players. According to the U.S. Commodity Futures Trading Commission, prosecutors accused BitMEX of facilitating unregistered trading and other violations, including “conducting significant aspects of its business from the U.S. and accepting orders and funds from U.S. customers,” as reported by CoinDesk’s Nikhilesh De. The news dominated cryptocurrency news headlines and sent traders and analysts scrambling to assess the damage and implications. Some 23,000 bitcoin were apparently withdrawn from BitMEX addresses in a single hour, the cryptocurrency-markets data […]
Bitcoin outflows from prominent crypto derivatives exchange BitMEX are already up in the wake of charges from U.S. agencies announced Thursday. Source link
Bitcoin traders have begun recovering from Thursday’s bombshell indictments from the U.S. Commodity Futures Trading Commission and Department of Justice against BitMEX and the exchange’s co-founders Arthur Hayes, Benjamin Delo and Samuel Reed, and Business Development Lead Greg Dwyer. Source link
Derivative exchange BitMEX’s legal issues with U.S. regulators took a toll on bitcoin’s price while DeFi gave Ethereum miners more fee revenue than ever. Bitcoin (BTC) trading around $10,582 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,427-$10,931 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 29.Source: TradingView Bitcoin’s price was as high as $10,932 on spot exchanges such as Coinbase before quickly plunging 4% within two hours to as low as $10,427. It subsequently rebounded a bit to $10,582 […]
The sudden takedown of BitMEX has cast a new light on Ethereum’s decentralized finance (DeFi) markets. On Thursday, the U.S. Commodity Futures Trading Commission (CFTC) and Department of Justice (DOJ) served the Seychelles-based crypto derivatives exchange with a slew of charges, arresting CTO Samuel Reed and seeking out CEO (and admitted DeFi degen) Arthur Hayes for violating the Bank Secrecy Act. While centralized exchanges (CEXs) reside on central servers in various municipalities around the globe, decentralized exchanges (DEXs) like Uniswap remain uncensorable, existing within smart contracts on top of the Ethereum blockchain. However, they are founded by real, live humans who […]
Bitcoin was rising for a second straight day, to about $10,281, after a rapid sell-off earlier in the week. “In a flash, investors have gone from running for the hills to buying the dip,” Mati Greenspan, founder of the cryptocurrency and foreign-exchange analysis firm Quantum Economics, told clients in an email. The crypto investment firm Stack Funds wrote in a weekly report that prices appear to have found a temporary floor around $10,000. Taimur Baig, chief economist for Singapore’s DBS bank, told CoinDesk that the pandemic and the associated central-bank money-printing have strengthened the case for bitcoin. “People are worried about […]
BitMEX is adding chainlink and tezos futures, the cryptocurrency derivatives exchange said. Source link
The new app does not include the iconic “trollbox” feature of BitMEX’s site, but will in future, the firm said. Source link
A former bank exec has said he will help “transform” BitMEX, just a week after the crypto derivatives exchange launched a new corporate service. Announced Tuesday, BitMEX owner HDR Global Trading said David Wong – a former deputy CEO at Bank of China, the second-largest bank in Hong Kong – will join its board as a non-executive chairman to help grow and turn the Seychelles-based entity into a “world-class financial technology company.” Wong had previously been the South-East Asian head of Dutch bank ABN AMRO, before heading up the financial markets division at Bank of China. Since leaving the latter bank […]
For a second month in a row, the bitcoin market lacks a clear directional bias, with prices largely restricted to a narrow range of $9,000 to $10,000. However, the cryptocurrency’s liquidity on derivative exchanges continues to heat up, a sign of a sustained rise in investor interest. On a relatively new exchange like the Antigua-based FTX, the order book depth, as represented by the number of buy and sell orders at each price, now matches the depth seen on industry leader BitMEX. Bid/offer spreadSource: Skew One derivative seeing growth is bitcoin perpetuals, a form of futures contract, but without an expiry […]
Crypto exchanges OKCoin and BitMEX recently partnered to sponsor a prolific open-source Bitcoin Core contributor, Amiti Uttarwar. Uttarwar is an alumna of Coinbase, the bitcoin custody startup Xapo and the Chaincode Labs residency. Over the past two years, she’s quickly become one of the industry’s most sought-after developers. According to Chaincode residency organizer Adam Jonas, Uttarwar’s work is focused on improving the privacy of bitcoin transactions. “She is redesigning transaction rebroadcasts to prevent spy nodes from being able to map IP addresses to transaction broadcasts,” Jonas said, describing Uttarwar’s work involving internet protocols. Bitcoin Core contributor Gleb Naumenko, who also received […]
Today, BlockFi disclosed a SIM-swapping attack that revealed personal information related to a large swath of the firm’s clients. While customer funds are secure, BlockFi said, their names and addresses were compromised along with their activity histories. This security breach comes on the heels of a cryptojacking exploit targeting European supercomputers researching COVID-19. Elsewhere, class-action lawsuits have been brought against Block.one and chip-maker Nvidia, while the little-known firm BMA is suing BitMEX for allegedly orchestrating the largest financial crime in American history. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, […]
BMA LLC, the Puerto Rican company that two weeks ago filed a lawsuit again Ripple, has accused the BitMEX derivatives exchange of orchestrating the largest financial crime in American history. The little-known firm, formerly known as Bitcoin Manipulation Abatement and controlled by Pavel Pogodin, filed suit in the U.S. District Court for the Northern District of California on Saturday, alleging that HDR Global Trading, the parent company of BitMEX, perpetrated a vast racketeering conspiracy designed to reap billions in illegal profit. This plot featured wire fraud, money laundering, unlicensed money transmission, interstate transport of stolen property and violations of the Racketeer […]