Tag: BitMex

Bitcoin Dips to $10,400 as Crypto Market Loses $15 Billion on BitMEX News (Market Watch)

Bitcoin Dips to $10,400 as Crypto Market Loses $15 Billion on BitMEX News (Market Watch)

Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap. Bitcoin Tumbles On BitMEX News As CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one […]

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“All Funds Are Safe”, BitMex Responds To CFTCs Recent Charges

In response to recent charges by CFTC Bitmex has released a blog assuring traders that the funds are safe and Bitmex will continue operating as usual. Bitmex team also responded through their official twitter handle and cleared doubts regarding the withdrawals and continuity of operations. United States CFTC & DOJ Filing Withdrawals Will Be Released […]

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CFTC Sues BitMEX For Violating Bank Secrecy Act ; Bitcoin Bears The Brunt 

Arthur Hayes, Ben Delo, and Samuel Reed, owners of BitMEX, have been charged by the Commodity Futures Trading Commission (CFTC) with “operating an unregistered trading platform and violating multiple CFTC regulations, including failing to implement required anti-money laundering procedures.” According to a press release from the CFTC, five entities associated with the owners of the […]

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BitMEX in Response to CFTC: We Will Continue to Operate Normally, Funds Are Safe

In a somewhat unexpected turn of events, the United States Commodities and Futures Trading Commission has pressed charges against the owner-operators of BitMEX for illegally running a cryptocurrency exchange and failing to comply with anti-money laundering regulations.   As CryptoPotato reported earlier today, this had an immediate impact on Bitcoin’s price, which dropped by as […]

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BitMEX operator plans to fight U.S. government charges, says spokesperson

BitMEX operator plans to fight U.S. government charges, says spokesperson

HDR Global Trading Limited, the parent company of crypto derivatives exchange BitMEX and one of the defendants named in Thursday’s Commodity Futures Trading Commission (CFTC) civil lawsuit, has vowed to the fight the charges, according to a new statement. A spokesperson for HDR told The Block in a statement: “We strongly disagree with the U.S. […]

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CFTC, Department of Justice file charges against owners of crypto derivatives exchange BitMEX

CFTC, Department of Justice file charges against owners of crypto derivatives exchange BitMEX

The U.S. Department of Justice and the Commodity Futures Trading Commission (CFTC) have filed charges against crypto derivatives exchange BitMEX and its owner-operators, including co-founder and CEO Arthur Hayes. Hayes — along with co-founders Ben Delo and Samuel Reed — are accused of operating an unregistered trading platform as well as violating CFTC rules, including […]

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Bitcoin Tumbles $400 As CFTC Charges BitMEX Owners with Illegally Operating a Crypto Exchange

Bitcoin Tumbles $400 As CFTC Charges BitMEX Owners with Illegally Operating a Crypto Exchange

Bitcoin’s price was advancing relatively well over the last couple of days but now things took a turn for the worst. The cryptocurrency went on to lose more than $400 of its value, at the time of this writing, in less than an hour. It was trading at almost $10,900 before plunging down to where […]

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BitMEX falls to KYC – Where’s left for crypto’s anonymous traders?

The decision by cryptocurrency derivatives exchange BitMEX to align itself with the regulations of the traditional finance industry continues a worrying trend in the crypto space. BitMEX recently announced it would begin rolling out KYC (know-your-customer) requirements for its users starting August 28, 2020. Any traders who haven’t submitted photographic ID and other personally identifying […]

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