BitMEX

Former BitMEX CEO Arthur Hayes surrenders to US authorities: report

Former BitMEX CEO Arthur Hayes surrenders to US authorities: report

Former BitMEX CEO Arthur Hayes has reportedly surrendered to U.S. authorities in Hawaii. Per a Bloomberg report from April 6, Hayes appeared before a federal judge in Hawaii. Hayes was later released on a $10 million bond, with future court proceedings set to take place in New York. Hayes’ surrender on April 6 was expected, …

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Three big questions now that the U.S. government is cracking down on BitMEX

BitMEX officials allegedly ‘looted’ $440 million from exchange after learning about U.S. charges, per lawsuit filing

Plaintiffs in a civil lawsuit filed this spring allege that the leadership of HDR Global — the parent company of crypto derivatives exchange BitMEX — withdrew significant sums of money once they learned about investigations and pending charges from U.S. regulators and law enforcement. The allegations were included in an October 30 court filing. That …

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CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME quietly surpasses BitMEX to become second-largest bitcoin futures exchange

CME Group, a regulated bitcoin futures trading platform, has quietly become the second-largest player, surpassing Binance and BitMEX. Yesterday, CME recorded an open interest of $790 million as compared to $718 million by Binance and $601 million by BitMEX, according to The Block Research. Open interest in the value of outstanding derivative contracts that are …

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Three big questions now that the U.S. government is cracking down on BitMEX

Three big questions now that the U.S. government is cracking down on BitMEX

Quick Take Now that the U.S. government has come down on BitMEX and its former executives, three big questions linger about what might happen next. The Block interviewed legal experts to get answers. This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Source …

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The parent company of BitMEX has restructured, and it points to ambitions outside of crypto

The parent company of BitMEX has restructured, and it points to ambitions outside of crypto

HDR Global Trading, the parent company of popular crypto trading venue BitMEX, announced Tuesday evening it would restructure and create a new holding company to sit on top of the firm’s existing operations. Dubbed 100x Group, the entity will “pursue a broader vision to reshape the modern digital financial system into one which is inclusive …

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Bitcoin price tanks by 15% in 10 minutes causing $226M of liquidations on BitMEX

Bitcoin price tanks by 15% in 10 minutes causing $226M of liquidations on BitMEX

Bitcoin fell from $9,500 to $8,100 on Saturday, posting a 14.6% loss in just 10 short minutes. The price has since recovered covered slightly to nearly $8,800. Source: Tradingview Following the sudden drop, liquidations of BTC perpetual swap reached $226 million on BitMEX. Source: Skew The plunge brought the digital asset’s month-long rally to a …

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