Tag: BTCUSDT

Gold Pumps, Bitcoin Blips as Trump Tests Positive For Coronavirus

Markets are reacting to the news that U.S. President Trump tested positive for Covid-19 a few hours ago. Gold is up but stocks and Bitcoin are down, how far further will they fall? The POTUS took a Coronavirus test a few hours ago which produced a positive result for him and the First Lady. Stock […]

Continue Reading

6X Bitcoin: Ethereum Miners Made $166 Million from Gas Fees in September

6X Bitcoin: Ethereum Miners Made $166 Million from Gas Fees in September

It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million. Ethereum Miners Made 6X More Money Than Bitcoin Miners in Sept […]

Continue Reading

Bitcoin Price Analysis: BTC Heads Lower on BitMEX News. Will $10K Hold?

Bitcoin Price Analysis: BTC Heads Lower on BitMEX News. Will $10K Hold?

Bitcoin’s price continues to tumble in response to yesterday’s breaking news that the United States Commodity and Futures Commission (CTFC) and the Federal Bureau of Investigation (FBI) have both decided to take legal action against leading Bitcoin derivatives exchange, BitMEX. $18 billion has been wiped out from the global crypto market since the announcement, and over […]

Continue Reading

19% of All Bitcoins Stored On BitMEX Withdrawn After The CFTC Charges

19% of All Bitcoins Stored On BitMEX Withdrawn After The CFTC Charges

Recent data revealed that cryptocurrency traders had withdrawn the first batch of 23,200 BTC (worth over $240 million) from BitMEX in the initial hours following yesterday’s developments.   This substantial amount represented about 13% of all bitcoins held on the popular Bitcoin derivatives exchange.   The Glassnode data indicated that this is the “largest hourly […]

Continue Reading

US National Pleads Guilty To a $3M Worth Bitcoin Escrow Fraud

The principal of a cryptocurrency escrow company, Jon Barry Thompson, has pled guilty in Manhattan federal court to commodities fraud. In 2018, he took over $3 million from one company and failed to deliver bitcoins worth that amount. Crypto Fraudster Pleads Guilty Thompson served as the director of Volantis Escrow Platform LLC and Volantis Market […]

Continue Reading

The BitMEX v CFTC Case: The Good and the Bad For The Crypto Industry

Yesterday, the United States Commodity Futures Trading Commissions (CFTC) filed charges against BitMEX and its executive team, pressing both criminal and civil allegations. Its CTO, Samuel Reed, was arrested. The platform’s CEO, Arthur Hayes, and its cofounder Ben Melo are still under the radar. The news spread quickly throughout Crypto Twitter, and of course, the […]

Continue Reading

Will Bitcoin Drop Lower on Trump’s Positive Covid-19 Test News?

Will Bitcoin Drop Lower on Trump’s Positive Covid-19 Test News?

Following a positive Covid-19 test result from one of Donald Trump’s closest aides, the POTUS himself took the test which produced the same result for him and the First Lady. He tweeted the news a couple of hours ago. Tonight, @FLOTUS and I tested positive for COVID-19. We will begin our quarantine and recovery process […]

Continue Reading

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 […]

Continue Reading

“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 […]

Continue Reading

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 […]

Continue Reading