Tag: BitMex

CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

CME’s Bitcoin Futures Rise Suggests Institutional Investors Are Starting to Swarm Toward Crypto

The Chicago Mercantile Exchange (CME) has become the second-largest derivatives market for bitcoin futures in terms of open interest. The popular exchange has seen an influx of demand since the recent Paypal announcement and the Bitmex debacle as well. Data shows that the Bitcoin Mercantile Exchange (Bitmex) open interest for bitcoin futures has taken a […]

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CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME Group, a regulated bitcoin futures trading platform, has quietly become the second-largest player, surpassing Binance and BitMEX. Yesterday, CME recorded an open interest of $790 million as compared to $718 million by Binance and $601 million by BitMEX, according to The Block Research. Open interest in the value of outstanding derivative contracts that are […]

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Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules

Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules

Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that “unverified users will not be able to open new positions” […]

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It’s Not Just Crypto: 2,000 Robinhood Accounts Compromised

Hackers had a field run a couple of days ago, targeting the popular retail-oriented trading application Robinhood.   Almost 2,000 Robinhood Markets accounts were compromised in a spree that saw customers’ funds siphoned off, according to a Bloomberg report.   Robinhood disclosed that a “limited number” of their customers had been struck by hackers who […]

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BitMEX and founders face another lawsuit alleging money laundering and market manipulation

BitMEX and founders face another lawsuit alleging money laundering and market manipulation

Troubled crypto derivatives exchange BitMEX and its founders are facing another lawsuit that alleges racketeering, money laundering, and market manipulation. Dmitry Dolgov, a resident of Moscow, Russia, filed the lawsuit in the Northern District of California on Wednesday. He alleges that HDR Global Trading Limited, the parent company of BitMEX, the exchange’s founders Arthur Hayes, […]

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) […]

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SEC Commissioner Peirce: CFTC Charges Are a Clear Message to BitMEX and the Industry

SEC Commissioner Peirce: CFTC Charges Are a Clear Message to BitMEX and the Industry

Hester Peirce, the Commissioner of the US Securities and Exchange Commission (SEC) believes that the charges against BitMEX brought by the CFTC were a “loud and clear” message. In a recent podcast, the so-called ‘Crypto Mom’ also noted that a Bitcoin ETF could be beneficial to all parties but didn’t specify if such a product […]

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BitMEX hires former Revolut executive to lead compliance efforts

BitMEX hires former Revolut executive to lead compliance efforts

Cryptocurrency derivatives exchange BitMEX, which is currently under a legal battle with the U.S. government, has onboarded a new chief compliance officer. Malcolm Wright, former chief compliance officer at Revolut, has joined BitMEX operator 100x Group. Wright had a short 5-month stint at Revolut in 2018, according to his LinkedIn. At 100x Group, Wright would […]

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Web traffic to cryptocurrency exchanges fell by over 14% in September

Web traffic to cryptocurrency exchanges fell by over 14% in September

Cryptocurrency exchange web traffic dropped 14.6% from August to September, data from The Block Research shows. August 2020 web traffic peaked at 144.3 million visits, a yearly high, while September saw 123.2 million visits. Despite the drop in visitors, September is still the second-highest web traffic month for exchanges in 2020. Binance held 28.9% — […]

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US Government Moves to Regulate Cryptocurrencies After Attorney General Publishes Enforcement Framework

US Government Moves to Regulate Cryptocurrencies After Attorney General Publishes Enforcement Framework

United States Attorney General (AG) William Barr says the recent publishing of the Cryptocurrency Enforcement Framework will help law enforcement to fight elements using digital currencies for illicit ends. Produced by the AG’s Cyber-Digital Task Force, the framework provides law enforcement with what Barr terms a “comprehensive overview of the emerging threats and enforcement challenges […]

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