BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws

BitMEX, the cryptocurrency trading platform, has incurred a substantial $100 million penalty for contravening US anti-money laundering (AML) requirements. This penalty arises from the company’s noncompliance with the US Bank Secrecy Act (BSA), which permitted unlawful transactions on its platform for multiple years.

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Pendle Foundation, BitMEX Co-Founder Moving PENDLE To Binance—What’s Going On?

PENDLE, the native token of Pendle, a real-world asset (RWA) tokenization platform, may be steady at press time. However, looking at CoinMarketCap data, the token is up 130X from its November 2022 lows and 41% from all-time highs registered in 2024.

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Arthur Hayes Believes Bitcoin Could Have Great Week, Could Be Good For SUI & Altcoins

Arthur Hayes, co-founder of BitMEX, insists that Bitcoin (BTC) will have a strong week because of potential market shifts, which might benefit altcoins like Sui (SUI). On the other hand, a decentralized FX trading DeFi platform with advanced features and investor rewards has become an attractive option for investors due to its massive growth potential.

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Ethereum Price Tied To BitMEX Whales: Quant Uncovers Link

A quant has pointed out how the trends in the BitMEX exchange reserve have affected the Ethereum price during the past few years. BitMEX Ethereum Whales Have Shown Smart Money Behavior In Recent Years In a CryptoQuant Quicktake post, an analyst discussed a pattern in the ETH exchange reserve of the BitMEX platform.

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Bitcoin experienced a flash crash, plummeting to $8.9K on the BitMEX exchange platform.

Сообщение Bitcoin experienced a flash crash, plummeting to $8.9K on the BitMEX exchange platform. появились сначала на Coinstelegram.

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BitMEX Investigating Unusual Flash Crash That Drove Bitcoin Price Down To $8,900

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BitMEX investigates suspicious trading that sent Bitcoin to $8.9k

Crypto exchange BitMEX is looking into unusual Bitcoin trading patterns on its platform that could involve unfair practices. 

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BONK prices go ‘bonkers' as exchange listing stirs frenzy

Before its latest fall, the price of BONK climbed within minutes. The Fibonacci extension predicted a run toward $0.000012. One hour after trading platform BitMEX announced that it was listiThe post BONK prices go ‘bonkers' as exchange listing stirs frenzy appeared first on AMBCrypto.

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BitMEX Set to Dismiss 30% of its Workforce

BitMEX, the crypto derivatives platform, will be laying off 30% of its work force according to Chinese reports. These comes in just after the firms CEO Alexander announced his departure.

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BitMEX Suddenly Suspends Trading. Here’s What Happened

BitMEX has suspended trading on its platform, adding that it's working on a fix

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BitMex Review – Deep Look at Features, Fees, Security

Bitcoin Mercantile Exchange, or BitMEX, is a margin trading platform owned by HDR Global Trading Limited.  HDR was founded in 2014 by three experts in the market – Arthur Hayes, Samuel Reed, and Ben Delo.

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Arthur Hayes Says Ethereum (ETH) Could Reach $10K Level By The End Of Year

Arthur Hayes, the youngest crypto billionaire of American Africa and the former CEO and co-founder of the derivatives platform BitMEX, predicted Ethereum could hit $10,000 by the end of 2022. Notably, Hayes once speculated a downtrend in Ethereum’s price in an April blog post that came true.

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Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

BitMEX Spot, the new trading platform to buy and sell crypto launched by one of the world’s largest crypto exchanges, BitMEX, has made a strong entrance in the first days since going live, hitting over $10 million in 24-hour trading volume following the launch.

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PrimeXBT Covesting Review [2022] | Fees, Withdrawals, Minimum Deposit

PrimeXBT came into the crypto markets with aggressive adverts and appealing features – it was a platform with a mission to take on the leader among crypto margin exchanges – BitMex. They tried luring new customers with incredibly high leverages (100x) and more recently, by entering a partnership with Covesting, a cryptocurrency social trading platform […] The post PrimeXBT Covesting Review [2022] | Fees, Withdrawals, Minimum Deposit appeared first on CaptainAltcoin.

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BitMex Review 2022 – Deep Look at Features, Fees, Security

Bitcoin Mercantile Exchange, or BitMEX, is a margin trading platform owned by HDR Global Trading Limited.  HDR was founded in 2014 by three experts in the market – Arthur Hayes, Samuel Reed, and Ben Delo.

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Crypto exchange platform BitMEX to support spot trading of ETH in Q2

BitMEX, a crypto derivatives exchange & DeFi exchange platform, announced today that it will soon support Ether (ETH) on the BitMEX Spot Exchange. Coming in Q2 2022, BitMEX users will be able to: Buy –  purchase ETH in just a few clicks.

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BitMEX adds crypto purchase gateway Mercuryo

Crypto exchange platform BitMEX, announced today that Mercuryo, a crypto-asset payment gateway, is now integrated, providing users another method and secure way to purchase crypto via fiat. In total, 30 fiat currencies are available on BitMEX, with 21 new fiat currencies thanks to the Mercuryo integration (BitMEX also supports Banxa).

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First Mover Asia: BitMEX Saga Concludes, but We'll Never Know if DOJ Overreached; Cryptos Tumble as Russia Bores Into Ukraine

The guilty plea of the founders of the crypto trading platform avoided a trial; bitcoin dropped below $37,500 on Sunday after Russian President Vladimir Putin placed his nuclear forces on alert.

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BitMEX founders plead guilty to Bank Secrecy Act violations

Arthur Hayes and Benjamin Delo will each have to pay a fine for their part in flouting the Bank Secrecy Act and operating what the DOJ called a “money laundering platform.”

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BitMEX Adds Bitcoin Taproot Support

Users of the trading platform can now save in fees by withdrawing their funds into Taproot addresses.

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Bitmex to restrict Ontario residents from using platform

Cryptocurrency derivatives platform, Bitmex announced that Ontario-based traders would no longer have access to... The post Bitmex to restrict Ontario residents from using platform appeared first on Coin Journal.

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Sparrow Raises USD 3.5 Mil in Series A Funding

23 June 2020, Singapore – Sparrow, the leading options trading platform has secured USD 3. 5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC.

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Crypto options platform Sparrow raises $3.5M in Series A funding

Sparrow, a cryptocurrency options trading platform, announced today it has secured USD 3. 5 million in Series A funding to accelerate platform development. The round was led by the HDR Group, owner and operator of BitMEX, and supported by Signum Capital, Du Capital and FinLab EOS VC.

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Bitcoin Is About to See a Crucial Breakout: 3 Factors Show Upside Is Likely

It may seem like Bitcoin has seen intense volatility over the past two weeks, and that’s true. In the past week alone there was approximately $250 million worth of position liquidations on BitMEX alone, data from crypto derivatives platform Skew.

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CoinMarketCap Responds to BitMEX and Deribit Concerns About Ranking, Announces 'Separate' Derivatives Page

A new cryptocurrency exchange ranking by CoinMarketCap, a top analytical platform, has confused many derivatives traders. But the CMC team quickly explained the situation

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CoinMarketCap’s New Rating Algorithm Sinks BitMEX, Bybit, and Deribit

CoinMarketCap pushed BitMEX into the 175th spot on the platform’s exchange rankings. Deribit and Bybit have also been pushed down the ladder, drawing concern over CoinMarketCap’s rating process.

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Why BitMEX is Back Under Scrutiny Following Bitcoin’s Rejection at $10.4k

Following Bitcoin’s brutal dump at $10. 4k, the inquest into what went wrong is taking place now. Theories regarding whale manipulation consistently make the rounds during such times. But a more tangible explanation alleges that manipulation at derivatives trading platform BitMEX contributed heavily to the losses sustained yesterday.

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BitMEX to Launch BCHUSD Quanto Contracts that will Settle in Bitcoin

Crypto derivatives platform BitMEX will be launching a quanto perpetual swap contract with up to 25x leverage on 16 June 2020 at 04:00 UTC in an attempt to diversify their trading opportunities. Repeat after me “BCASH BCASH BCASH”.

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Deribit’s Ether Options Hit All-Time-High Amidst Rising Institutional Interest

Bitcoin and Ether exchange Deribit set a record earlier this week after ETH options on the platform surged to record highs.   ETH Options Surge  As per a tweet by on-chain analytics firm Skew, Deribit surpassed Bitmex, Binance, and newer competitors like ErisX for ether options.

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BitMEX Gets Stuck in Lawsuit, Is It Time to Leave for Good?

Coinspeaker BitMEX Gets Stuck in Lawsuit, Is It Time to Leave for Good?Crypto trading platform BitMEX has lately been fully involved into lawsuits. Due to this fact some users are starting to think of moving to other exchanges.

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BitMEX has been Hit with a New Lawsuit

A US Court has filed a lawsuit against crypto derivatives platform BitMEX, with accusations ranging from wire fraud and money laundering. BitMEX could be facing another court battle after a new lawsuit was filed against it at the US District Court for the Northern District of California.

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Phemex Adds Zero Fee Spot Trading, Challenges Exchange Giants

Crypto trading platform Phemex has launched a Premium membership program that enables fee-less spot trading. The exchange, which was founded by a group of ex-Morgan Stanley executives late last year, aims to challenge the dominance of industry heavyweights such as Binance and BitMEX by furnishing users with superior trading experience.

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BitMEX Users are Paying High Bitcoin Fees But Do They Really Care?

Crypto derivatives platform BitMEX “has a significant impact on the Bitcoin network and user fees,” wrote 0xB10C, a German Bitcoin freelance developer. The developer explained that the platform broadcasts multiple megabytes of large transactions into the Bitcoin network which in turn affects the transaction fees paid during the US business hours and European afternoons. These […]

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BitMEX Research on Ethereum (ETH) 2.0 Roll-Out: Risky, Complex, Multi-Year

BitMEX Research, the analytical branch of the top crypto derivatives trading platform, published a detailed report of research on Ethereum (ETH) 2.0 design and operations

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Black Thursday Has Destroyed BitMEX Bitcoin Open Interest, Hits Historical Lows

The cryptocurrency margin trading platform that once enjoyed the crown across the industry, has just reached a historical low on the platform’s now-notorious Bitcoin open interest. According to data, the once industry leader has been on a downward trajectory ever since the Black Thursday collapse that not only crushed Bitcoin prices, but may have put...

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$75 million liquidated: Bitcoin’s power move leaves trail of destruction for bears

Bitcoin saw an explosive upside movement earlier today that caught the cryptocurrency’s bears off-guard, leading to over $75 million in positions to be liquidated. Open interest (OI) on popular crypto trading platform BitMEX has also plunged in the time following this movement, with the freshly liquidated positions apparently leading many traders to move to the […] The post $75 million liquidated: Bitcoin’s power move leaves trail of destruction for bears appeared first on CryptoSlate.

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Binance Prevails in Spot Markets, Comes for BitMEX’s Crown

Binance’s growth since inception has been phenomenal, resulting in the exchange becoming one of crypto’s most liquid trading avenues. The exchange could soon also become the leading derivatives platform as it...The post Binance Prevails in Spot Markets, Comes for BitMEX’s Crown appeared first on Crypto Briefing.

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Crypto Exchanges See Bitcoin Reserves Drop by 70% Since Black Thursday’s Market Rout

Since the market carnage on March 12 otherwise known as Black Thursday, the exchange Bitmex has seen 36% of the trading platform’s bitcoin reserves withdrawn. A few other well-known crypto exchanges have seen cold wallets drained, while other trading platforms have witnessed reserve increases.

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Binance could soon dethrone BitMEX - the most liquid derivatives platform

As the crypto derivatives space continues to heat up, the previously undisputed leader, BitMEX appeared to be losing its ground. This market is crucial in determining market sentiment and there has beThe post Binance could soon dethrone BitMEX - the most liquid derivatives platform appeared first on AMBCrypto.

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Binance and others overtake BitMEX as most-used Bitcoin derivatives platform

As CryptoSlate has detailed extensively over the past few weeks, the dynamic of the crypto market has dramatically changed ever since Mar. 12’s Bitcoin flash crash, during which the market capitalization of the space lost almost 50 percent within a 24-hour time span.

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Bitcoin Development Activity is Being Funded by These Players

A just-released report from Bitmex shows that Bitcoin platform development continues to grow and diversify. A look at key players reflects greater interest in scalability and bringing the flagship cryptocurrency into a position for effective mass use.

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This relatively small amount of money will pump-and-dump Bitcoin’s price

BitMEX recently suffered an attack that resulted in $1. 2 billion in liquidations. Despite the significant amount of money that its users lost, data reveals that the platform is still susceptible to market manipulation.

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BitMEX loses grip as Bitcoin Futures Volume, OI stagnates

All is not well with the cryptocurrency exchange and derivatives platform - BitMEX. As fear gripped the global market, its effects were reflected in the prices of cryptocurrencies as well. Due to the The post BitMEX loses grip as Bitcoin Futures Volume, OI stagnates appeared first on AMBCrypto.

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The recent crash was devastating for crypto lending, but this platform offers hope for its future

The crypto industry saw an intense flash crash last week that sent Bitcoin and the aggregated market reeling lower, with BTC’s sharp decline being perpetuated by a cascade of liquidations on popular trading platform BitMEX.

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7 BitMex Alternatives & Competitors – Sites That Are Better Than BitMex?

BitMex is the leading crypto margin exchange with no other platform coming even close to their daily trading volumes and popularity. However, despite its popularity, BitMex is regarded as one of the shadier places to trade your coins as user reports about their questionable dealings and market manipulation are very common.

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BitMEX Suffered Two DDoS Attacks that Caused Bitcoin Crash, Refunding 40.297 XBT

After various theories surfaced online accusing BitMEX for crashing the bitcoin price to $3,850, the Seychilled-based crypto derivatives exchange posted its side of the argument. The exchange stated that they “operate a fair and efficient platform.

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Binance Futures Overtakes BitMEX Perpetual Futures Trading Volume

Binance Futures, the cryptocurrency futures contracts platform from the stables of the innovative Binance crypto exchange, has continued to gain traction since its launch in July 2019, thanks to its plethora of features including network stability, futures insurance funds and others which has given it a significant edge over competitors like BitMEX.

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BitMEX's downtime on 13 March prompted by DDoS attack, not 'hardware issues'

BitMEX's Chief Technology Officer [CTO], Samuel Reed, had provided a gist of the attack that hit the exchange platform on 13 March. Now, BitMEX's Chief Executive Officer [CEO], Arthur Hayes, has come The post BitMEX's downtime on 13 March prompted by DDoS attack, not 'hardware issues' appeared first on AMBCrypto.

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Advanced botnet attack caused $1.2bn in Bitcoin longs liquidation on BitMEX

Bitcoin’s price struggle was further exacerbated last week when the coin plunged to $3,700 on BitMEX and caused almost $1. 2 billion in long contracts to be liquidated on the platform. Now, the exchange’s CTO has revealed that the liquidations were caused by sophisticated botnet attacks that have been probing the platform for days and were […] The post Advanced botnet attack caused $1.

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