Tag Archives: Bitmex

After a 10-month long regulatory battle with United States financial watchdogs, leading cryptocurrency derivatives exchange BitMEX has agreed to settle and will pay a fine worth millions of dollars. As confirmed by the exchange today, BitMEX has reached a $100 million resolution with the two U.S. regulators – the Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN). Speaking on the settlement, BitMEX CEO Alexander Höptner noted that...

Less than a year after Chainalysis placed BitMEX into its “high risk” cryptocurrency exchanges zone, the company has reversed its decision. The analytics company has conducted an internal review of the derivatives exchanges, which has strived to improve its AML compliance lately. BitMEX faced extreme scrutiny last year when most of its executives at the time, including Arthur Hayes, Benjamin Delo, and Samuel Reed, were indicted by the US government with accusations of...

Bitcoin traders utilizing the popular derivatives exchange BitMEX still seem significantly more bearish on the asset’s future price developments, on-chain data reveals. At the same time, a prominent analyst argued that the most violent stages of the recent market crash are over, which could suggest good entry opportunities. BitMEX BTC Traders Still Bearish Bitcoin’s price went through a roller-coaster in the past month propelled by FUD and over-leveraged positions on...

BitMEX announced a $100,000 grant for the Korean-based Bitcoin scaling researcher – Calvin Kim. Furthermore, the crypto derivatives exchange informed about an additional $50,000 donation from its partner – the Human Rights Foundation. BitMEX’s $150K Renewal In a recent statement, the popular Bitcoin derivatives trading venue BitMEX announced it had renewed Calvin Kim’s developer grant until June 2022, supporting him with an additional $100,000. In August 2020, the exchange...

After months of complete silence from one of the biggest proponents of cryptocurrencies and arguably one of the most influential people in the industry, Arthur Hayes is back.The former CEO of BitMEX shared his thoughts on some pressing and trending matters – the state of the “crypto capital markets” following the fiasco with GameStop and everything that happened in relation.The Game Didn’t Change – You Just Didn’t Know the RulesFollowing the case against BitMEX, spearheaded by the United...

The restructuring within the BTC derivatives exchange BitMEX continues with the addition of Wai Kin Chim as an Independent Non-Executive Board Director of 100x Group. Additionally, the former Chief Credit Officer (CCO) at the Bank of China and the company’s recently appointed CEO will join the board of directors as of February 1st.Former Bank of China Exec Heads Over BitMEXAccording to a recent BitMEX statement, the appointment of Chim aims to enhance the company’s initiatives on...

One of the major cryptocurrency derivatives exchanges, BitMEX, has completed the month-long process of verifying its entire user base. The development comes shortly after the platform said it would provide its clients with faster transactions via a new integration system update.100% of Volume on the BitMEX Platform Fully Verified In a recent post, BitMEX has announced it has finished its User Verification Program. The project’s implementation is an attempt to make the platform one of the most...

One of the leading cryptocurrency derivatives exchanges BitMEX has announced the completion of a significant upgrade on its custody system to improve transactions. The update will allow BitMEX to use Bitcoin Core to track users’ BTC deposits and withdrawals, the company said. Important UpdatesSince Bitcoin Core ZeroMQ notifications trigger the new architecture, deposits will be credited within a minute of the block confirmation, considerably quicker than before.According to the announcement,...

The popular Bitcoin derivatives exchange BitMEX has taken a step towards improving its trade surveillance and AML efficiency endeavors by collaborating with Eventus Systems. Founded in 2013, Eventus is a global provider of multi-asset trade surveillance and market risk solutions.  BitMEX will integrate the cloud-based version of the Eventus Validus platform with its already existing processes in the upcoming weeks. As a result, the exchange will “be able to more efficiently...

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 managed to gain access through breaches of personal email accounts outside of the application. “The security of Robinhood...