• BitMEX users pull $340 million
    Regulation,  United States

    BitMEX users pull $340 million following criminal, civil charges

    BitMEX users withdrew over 32,200 Bitcoins from the platform after the CFTC and Department of Justice hit the derivatives exchange with anti-money-laundering violations. Bitcoin promptly tanked

    The users of cryptocurrency derivatives exchange BitMEX withdrew nearly one-fifth of all the funds stored in the company’s wallets.

  • Arthur Hayes indicted BitMEX
    Cryptocurrencies,  Regulation,  United States

    BitMEX CEO Arthur Hayes facing jail for AML violations

    The derivatives exchange’s founder has been charged with violating anti-money-laundering laws by the U.S. Attorney, and sued by that CFTC for the same thing

    Hayes, along with the Seychelles-based cryptocurrency derivatives exchange’s co-founders Benjamin Delo, Samuel Reed, and head of business development Gregory Dwyer have been charged with violating the Bank Secrecy Act and conspiring to violate the Bank Secrecy Act by failing to put sufficient anti-money-laundering safeguards in place. Each charge carries a maximum penalty of five years in prison.

  • betting on Bitcoin
    Bitcoin,  People

    ‘The fastest horse’—billionaire who predicted 1987 crash is betting on Bitcoin

    Paul Tudor Jones is betting some $400 million that Bitcoin will be the best-performing asset of the decade, and his endorsement could trigger an inflow of investment

    Tudor Investment Corp.’s flagship BVI fund has $22 billion, making Jones’ Bitcoin investment close to $440 million. It comes at a particularly opportune moment, as today’s Bitcoin halving attracts a lot of attention, and suggests the price of BTC is about to begin a long bull run.

  • BitMEX bitcoin Black Thursday bounce
    Bitcoin,  Technology

    BitMEX behind bitcoin Black Thursday bounce?

    New analysis from Coin Metrics suggests that a poorly timed DDoS attack may have helped bitcoin investors while costing BitMEX dearly in market share

    BitMEX suffered a distributed denial-of-service (DDoS) attack on the worst day imaginable—Black Thursday. The exchange appears to be paying dearly for the blip, according to Coin Metrics, which said BitMEX's share of the bitcoin futures market has tumbled since then.

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