• BitMEX bitcoin Black Thursday bounce
    The red line is when a DDoS attack made BitMEX unreachable. Notice what happened next? (Photo: Coin Metrics)
    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

    April 22, 2020 /

    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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  • 11 crypto firms sued illegal ICOs
    The Federal District Court for the Southern District of New York will see 11 crypto firms sued for ICOs (Photo: uscourts.gov)
    Cryptocurrencies,  People,  Regulation

    Crypto faces ‘The man who took on Wall Street’

    On the day before the statute of limitations expired, the lawyer who extracted $25 billion from banks over the subprime mortgage crisis sued 11 cryptocurrency firms for holding illegal ICOs

    April 9, 2020 /

    Eleven cryptocurrency issuers and exchanges including Tron, Block.one, and Binance were hit with class action lawsuits last week for holding or supporting initial coin offerings. Ominously, they were filed by a group of lawyers led by Philippe Selendy, who the Financial Times called “The man who took on Wall Street” after he forced 16 major banks including Citigroup, Goldman Sachs, and JPMorgan Chase to pay $25 billion for their part in the subprime mortgage crisis that sparked the Great Recession of 2007.

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  • Huobi Perpetual swaps ‘exploit market volatility’
    A volatile market can be lucrative or very, very risky (Photo: Wikimedia Commons)
    Bitcoin

    Huobi perpetual swaps ‘exploit market volatility’

    Huobi DM pitches new perpetual swaps futures contracts as a way to profit from extreme price swings

    March 30, 2020 /

    In the wake of Black Thursday, Huobi Group’s derivatives platform launched a perpetual swaps product it says can help cryptocurrency traders profit from market volatility, and also hedge against it.

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  • Wall Street bull statue
    Will another options offering set loose the bitcoin bulls? (Ken Lund via Wikimedia Commons)
    Bitcoin

    CME Group launches bitcoin options contracts

    The launch comes on the heels of rival exchange Bakkt’s launch of its own bitcoin options and cash-settled contracts in December

    January 13, 2020 /

    CME Group, one of the first regulated institutions to offer bitcoin futures, launched bitcoin options contracts today.

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