Competition for global crypto derivatives market dominance heats up
Despite Binance recording the highest crypto derivatives volume in September, OKEx seems to be fighting back. Go to Source Powered by WPeMatico
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BitMEX operator hires chief compliance officer amid US criminal charges
The hire comes after BitMEX’s founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States. Go to Source Powered by WPeMatico
US Government Moves to Regulate Cryptocurrencies After Attorney General Publishes Enforcement Framework
United States Attorney General (AG) William Barr says the recent publishing of the Cryptocurrency Enforcement Framework will help law enforcement to fight elements using digital currencies for illicit ends. Produced by the AG’s Cyber-Digital Task Force, the framework provides law enforcement with what Barr terms a “comprehensive overview of the emerging threats and enforcement challenges … Read more
Law Decoded: Police and thieves on their screens, Oct 2–9
The Department of Justice made headlines in crypto and elsewhere, leading a week of law enforcement locking down around the world. Go to Source Powered by WPeMatico
BitMEX founder and ex-CTO out on $5M bail bond until court appearance
October has been a dramatic month for the top brass of BitMEX crypto derivatives exchange, whose founders face multiple charges from U.S. authorities. Go to Source Powered by WPeMatico
Bitmex CEO Hayes Steps Down Following U.S. Criminal Charges
Arthur Hayes, chief executive officer of bitcoin derivatives exchange Bitmex, is stepping down from his position a week after U.S. prosecutors filed criminal charges against him. Hayes is leaving together with other top executives who are facing similar charges. The company announced on Thursday that Hayes and chief technical officer Samuel Reed – the latter … Read more
BitMEX’s actions likely to scare off mainstream institutions, former CBOE trader says
BitMEX not playing by the rules today means added regulatory consequences tomorrow. Go to Source Powered by WPeMatico
75 crypto exchanges have closed down so far in 2020
Crypto exchanges are disappearing at a fast rate this year. Go to Source Powered by WPeMatico
The case against BitMEX is a compass pointing toward crypto regulation
The CFTC and DOJ actions against BitMEX suggest that the crypto industry still has a lot of work ahead to meet KYC/AML standards. Go to Source Powered by WPeMatico
Lagging Bitcoin futures premium shows BitMEX is losing investor trust
BitMEX is maintaining respectable liquidity and open interest but the exchange could still face a total client exodus. Go to Source Powered by WPeMatico
