USD Coin (USDC) issuer Circle has revealed that it would fully support the Ethereum (ETH) proof-of-stake (PoS) chain post-merge. According to an Aug. 9 blog post, the stablecoin issuer was looking forward to "the future scaling opportunities (the Merge) unlocks as well as the reduced energy consumption profile of the...
United States Attorney for the Southern District of New York, Damian Williams...
Gregory Dwyer a former executive of BitMEX cryptocurrency exchange has pleaded guilty in front of the Southern District of New York's US District Court to breaking the U.S. Bank Secrecy Act. In the two-year-old legal proceeding known as U.S. v. Hayes et al., where BitMEX management is accused of breaking the Bank Secrecy Act, another […] The post...
BitMEX former executive Gregory Dwyer has pleaded guilty to violating the Bank Secrecy Act, according to the U.S. Attorney for the Southern District of New York. Dwyer, who served as the Head of Business Development at the crypto exchange, was one of BitMEX's first employees and has now...
If this works as promised, Stablesats could change the game. It could change the world, even. The new Galoy product solves a problem and an urge that the bitcoin community has had for ages. Synthetic dollars that don’t need a token or rely on a third party to work. In fact, if Stablesats works as promised it will solve the most difficult of...
Summary: Arthur Hayes has forecasted that Bitcoin's most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market begins, and $18k is no different. He sees the rally from $18k levels to $24k as a potential 'short covering.' He anticipates a proper Bitcoin bottom before the US Fed or Treasury announces...
BitMEX has delayed the listing of BMEX on its spot exchange, citing market conditions. Millions of BMEX tokens have already been airdropped to thousands of users, offering them benefits. BitMEX is seeking to put its troubled past behind it and has frequently been featured in headlines in 2022. The BitMEX exchange has delayed the listing of its BMEX token, citing market conditions for...
Tuesday, July 12, Derivatives cryptocurrency exchange BitMEX announced that it will not proceed sooner with the launch of its native cryptocurrency BMEX. Thus, BitMEX will postpone the listing of BMEX tokens on its spot exchange. The decision to delay the launch comes citing unfavorable market conditions. Explaining the reason behind it, BitMEX said: Although we...
BitMEX cryptocurrency exchange in an attempt to strengthen compliance with the European union's sanctions against Russia is restricting its services to Russian users. Cointelegraph has discovered that BitMEX is altering its policy regarding prohibited jurisdictions in order to comply with the different restrictive restrictions adopted by the European Union. On Monday, the BitMEX cryptocurrency exchange […] The post...
Summary: Arthur Hayes has highlighted that the Purpose Bitcoin ETF offloaded 24.5k BTC into the markets on Friday's close. Bitcoin went on to drop to the local low of $17,600 due to the selling pressure that could have been a run to trigger stop losses. The Bitcoin and crypto markets have since rallied, with BTC trading above $20k. The co-founder and former CEO...
Summary: Arthur Hayes has penned a new blog post in which he hopes Bitcoin and Ethereum will not drop any further in the crypto markets. Mr. Hayes also admits his $27k to $25k Bitcoin floor and Ethereum's $1.7k to $1.8k were obliterated by the ongoing sell-off. He also offers insights into several shitcoins worth researching, including CRV, CAKE, UNI, SUSHI, ENS, dYdX, and...
Summary: The crypto hedge fund owes BitMEX exchange around $6 million. Sources claim that the positions on Deribit and FTX were small. A Bitmex representative told The Block that the positions were collateralized debts and did not include client funds. Deribit and FTX have not disclosed the value of the positions as of press time. 3AC founders Su Zhu and Kyle Davies are...
BitMEX will become the official sponsor of Bitcoin Magazine, granting the exchange exclusive publishing rights and enabling future collaboration opportunities.Bitcoin Magazine and BitMEX are partnering to bring bitcoin- focused content to a broader audience. BitMEX will become the official sponsor of Bitcoin Magazine and certain associated products as well as continuing the previously announced...
Arthur Hayes, the Former CEO of Bitmex, harped on the potential of Ethereum registering $10,000 in value by the end of 2022. But, he reiterates that the market could be turbulent, especially in the middle of the year. More so, Hayes also expressed his opinion regarding the downfall of Terra, which is the direct result of the increase in the rates of the...
Summary: Bitmex founder, Arthur Hayes, will not spend a single day in jail for violating the U.S. Bank Secrecy Act. Mr. Hayes has been sentenced to two years probation with the first six months in home confinement. Arthur Hayes also agreed to forfeit $10 million in a plea deal. However, the assistant U.S. attorney for the Southern District of New York has warned...
The United States Department of Justice (DOJ) confirmed yesterday that Arthur Hayes, founder of crypto platform BitMEX, has been sentenced to 6 months of home detention and 2 years of probation.
Arthur Hayes has been sentenced to two years' probation plus six months of home confinement for violating the U.S. Bank Secrecy Act. Hayes Sentenced A U.S. court in New York...
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. The new spot exchange offers seven...
BitMEX has released a spot exchange allowing the company to offer direct access to bitcoin and other cryptocurrencies instead of only trading derivatives.BitMEX announces a new spot exchange for bitcoin and other cryptocurrencies. BitMEX previously offered a platform for derivatives of bitcoin and other cryptocurrencies but will now offer direct asset trading.The spot exchange will...
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