BitMex

BitMEX Owner HDR Appoints Former Bank of China Exec to Board

A former bank exec has said he will help “transform” BitMEX, just a week after the crypto derivatives exchange launched a new corporate service. Announced Tuesday, BitMEX owner HDR Global Trading said David Wong – a former deputy CEO at Bank of China, the second-largest bank in Hong Kong – will join its board as …

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BitMEX Launching Services for Corporate Customers

Hong Kong-based cryptocurrency derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting. According to a June 22 announcement on BitMEX’s support page, the exchange is launching a new program for corporate customers, BitMEX Corporate. Accounts on the crypto exchange that are not owned and …

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Market Wrap: A Sea of Red Across Markets as Bitcoin Drops to $9.2K

Bitcoin started the week with a bullish run, but it has now given back all of those gains. Bitcoin (BTC) was trading around $9,296 as of 20:00 UTC (4 p.m. ET), slipping 3.5% over the previous 24 hours.  At 00:00 UTC on Wednesday (8:00 p.m. Tuesday ET), bitcoin was changing hands around $9,624 on spot …

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Crypto Exchanges Must Stop Acting Like Casinos in Wake of Robinhood Suicide: bitFlyer COO

The suicide of a 20-year-old Robinhood trader should be a wake-up call for cryptocurrency exchanges that put revenue above customer protection, said a U.S. exec at one of the world’s largest such venues. Many exchanges were designed to encourage users to trade as frequently as possible, often with money they don’t have, and resembled casinos …

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Sparrow Raises USD 3.5 Mil in Series A Funding

80% of US and European Institutional Investors Find Cryptocurrency Appealing: Survey A new survey of about 800 institutional investors in the U.S. and Europe shows strong cryptocurrency adoption, particularly bitcoin. About 80% of institutions said they find cryptocurrency appealing, and 60% believe cryptocurrencies have a place in their portfolios. Crypto Appeals … read more. London’s …

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Bitcoin Whale Population Spikes to 1,882 – Highest Level in Three Years

The number of so-called whales with 1,000 bitcoin or more in their wallets has climbed to 1,882 from around 1,650 in January. It is the highest the numbers have reached in nearly three years. Whales may be defined as the Bitcoin ( BTC) community’s own version of the ‘deep state’, with the ability to swing …

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Market Wrap: Bitcoin Is Still Up 30% in 2020 After a Bumpy Week

Despite sliding in sympathy with stocks this week, bitcoin’s performance remains healthy this year, up 30% so far.  Bitcoin (BTC) was trading around $9,412 as of 20:00 UTC (4 p.m. ET), gaining 2% over the previous 24 hours.  At 00:00 UTC on Friday (8:00 p.m. Thursday ET), bitcoin was changing hands around $9,474 on spot …

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BitMEX Taunts Plaintiff: ‘Incorporated in Seychelles, Come At Me Bro’

The plaintiff in a lawsuit accusing BitMEX of market manipulation and operating without a license in the U.S. believes that Twilio possesses thousands of incriminating email records that prove their case. The Bitcoin Manipulation Abatement LLC (BMA) has asked the court to preserve all  BitMEX-related email data held by the U.S. cloud communications platform, Twilio. …

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Data Shows Bitcoin Options Markets Are Maturing Much Faster Than Futures

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv In mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told … read more. …

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Users Punish Coinbase for Outage by Withdrawing Record Amount of BTC

Coinbase experienced the largest net outflow of Bitcoins (BTC) in ages in the wake of the recent service outage. Even Nassim Taleb has left the nest. Black Swan The June 1 outage happened during the surge of traffic as Bitcoin was trying to push through the $10,000 resistance level. Similarly, to the BitMex’ blackout a …

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