Tagged: arthur hayes

CFTC Action Will Have Big Impact on Crypto Exchanges: Attorney Warns Crypto Exchanges that Regulator is Not Afraid to Pursue Big Market Participants

Last week, BitMEX (Bitcoin Mercantile Exchange), a top crypto/crypto-derivatives exchange that is operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity, was hit with a civil enforcement action emanating from the Commodity Futures Trading Future Commission (CFTC). Simultaneously, a criminal lawsuit by… Read More

BitMEX Hit by CFTC Enforcement Action for Illegal Crypto Derivatives Trading, AML Violations; Criminal Action Unsealed Simultaneously

BitMEX, a top cryptocurrency exchange that is big in the crypto derivatives sector, is the target of an enforcement action filed by the Commodity Futures Trading Commission (CFTC). According to the CFTC, a civil enforcement action has been filed in the U.S. District Court for… Read More

Indian Crypto Exchange CoinDCX Secures $3 Million in Funding via Series A Round Led by BitMEX Operator, HDR Group

CoinDCX, one of India’s largest digital asset exchanges, has secured $3 million in funding through a Series A investment round, which was led by Bitcoin Mercantile Exchange (BitMEX) operator, HDR Group. Polychain Capital, Bain Capital Ventures, and several other unnamed venture capitalists also took part… Read More

Report: CFTC Investigating BitMEX, Crypto Trading Platform Allowing 100x Leveraged Trades

The US Commodity Futures and Trade Commission (CFTC) is engaged in a “months-long” investigation of BitMEX, a cryptocurrency exchange that made its mark by enabling retail investors to conduct 100x leveraged trades of bitcoins, Bloomberg reports. According to “people familiar with the matter,” the CFTC… Read More

Following Controversial Debate, Crypto Skeptic Nouriel Roubini Levels Serious Allegations Against BitMEX Exchange

On the heels of a controversial debate held recently in Taipei, crypto skeptic and NYU Professor Nouriel Roubini has written an article, “The Great Crypto Heist,” to come back again against, “Some of the biggest crypto players…openly involved in systematic illegality.” Roubini singles out Hong Kong-headquartered… Read More

Bitmex Partners with Cryptocompare on Futures Data

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Crypto exchange Bitmex has formed a partnership with CryptoCompare, a provider of cryptocurrency data and indices, to provide real-time cryptocurrency futures dataset to institutional investors via the Refinitiv Eikon terminal. BitMex has always targeted professional traders and institutions. The exchange claims to be the “world’s… Read More

BitMEX Invests in Philippine Cryptocurrency Exchange PDAX

BitMEX Ventures, the investment arm the BitMEX crypto exchange (HDR Global Trading Ltd), has invested in Philippine Digital Asset Exchange (PDAX), a cryptocurrency exchange based in the Philippines. Terms of the investment were not disclosed. In a release, BitMEX said its investment will help strengthen… Read More

Hong Kong-Based Bitcoin Derivatives Exchange Bitmex Forced to Stop Providing “Illegal” Trading Services to American and Quebecois Customers

Bitmex, a Hong Kong-based Bitcoin derivatives exchange popular for allowing 100X leveraged bets, has deactivated the trading accounts of clients from the US and the Canadian province of Quebec, The South China Morning Post (SCMP) reports. The move has likely been made in response to increased regulatory pressure… Read More

CEO of Bitmex Exchange Predicts 18 More Months of Bitcoin Bear Market

Arthur Hayes, CEO of the Hong Kong-based Bitcoin-derivatives exchange BitMEX, has told an audience in London that the bear market for Bitcoin could last another 18 months, Yahoo Finance reports. “My view is the volatility environment that exists right now could persist for another 12 to… Read More

BitMEX Crypto Exchange Hires Former Compliance Head of Hong Kong Exchanges and Clearing Limited

BitMEX (Bitcoin Mercantile Exchange), a sophisticated cryptocurrency trading platform, has hired Angelina Kwan as its new Chief Operating Officer. Kwan was previously Managing Director and Head of Regulatory Compliance for Hong Kong Exchanges and Clearing Limited (HKEX). Kwan also spent eight years working at the Securities and… Read More

Bitmex CEO Sees Imminent Sell off of Altcoins, Predicts Ether Price Decline to Double Digits

The CEO of BitMEX, Arthur Hayes, the world’s largest cryptocurrency exchange by reported volume, says delusions of grandeur fed by bullish crypto markets in 2017 are about to disperse, and massive, overdue sell off of altcoins and Ethereum could sink Ethereum’s price to double digits… Read More

BitMEX Launches New Derivative Products as Trading Platform Tops 1 Million Bitcoin Traded in a Day for 2nd Time

BitMEX (Bitcoin Mercantile Exchange), has announced two new crypto based trading products. ETHUSD perpetual swaps, and UPs and DOWNs, the company’s first call and put options. Just like more traditional securities  markets, derivative security products are quickly becoming ubiquitous. And why not? Derivatives can help with… Read More

BitMEX Claims to Top Record Amount of Bitcoin Traded in 24 Hours

Bitcoin is in a bit of a rally right now and BitMEX may be benefiting from the investor interest. According to a report from the cryptocurrency exchange, BitMEX has topped the record of Bitcoin trading during a 24 hour period. The company states that 1,041,748 BTC… Read More

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