BitMEX market manipulation lawsuit dismissed over being ‘too lengthy’

A California judge has dismissed a lawsuit brought against the embattled BitMEX digital currency exchange, stating that it was “too lengthy and copy pasted from a similar lawsuit.” The lawsuit accused BitMEX of market manipulation and fraud but has now been thrown out with no chance of refiling again. BitMEX has been facing a number… Continue reading BitMEX market manipulation lawsuit dismissed over being ‘too lengthy’

US Court Dismiss Racketeering Allegations against BitMEX Parent Company

The US District Court of the Northern District of California has dismissed racketeering allegations against HRD Global Trading Limited, the parent company of the derivatives exchange BitMEX. According to court documents, Judge William H. Orrick determined that the fillings didn’t have enough legal support to back the plaintiff’s accusations. In fact, Judge stated that many… Continue reading US Court Dismiss Racketeering Allegations against BitMEX Parent Company

BitMEX racketeering complaint dismissed over lengthy ‘copy and paste’ claims

A U.S. District Judge has dismissed amended racketeering allegations brought by traders against the parent company of derivatives exchange BitMEX, HDR Global trading, noting that many of the plaintiff’s accusations had been copy and pasted from a different lawsuit filed against the platform. On Sept. 7, Judge William Orrick dismissed the plaintiff’s claims that BitMEX… Continue reading BitMEX racketeering complaint dismissed over lengthy ‘copy and paste’ claims

BitMex Crypto Exchange Partners with AC Milan as Official Sleeve Sponsor

Cryptocurrencies have come a long way and are progressively becoming mainstream as more industries accept them. There is no doubt that the sports sector has a huge impact on promoting cryptocurrency acceptance today, and soccer has become a popular venue for cryptocurrency firms to reach a wider audience. BitMex Allies with AC Milan In a… Continue reading BitMex Crypto Exchange Partners with AC Milan as Official Sleeve Sponsor

Judge scolds BitMEX lawsuit plaintiffs for offering him crypto ‘basics’ lessons

The California District Judge overseeing a racketeering suit filed against crypto derivatives exchange BitMEX, William H. Orrick, has rebuffed the plaintiffs’ motion offering to provide them with a tutorial on “cryptocurrency basics.” According to a July 13 report from Law360, the judge responded to Bitcoin Manipulation Abatement LLC (BMA)’s proposal with a one-page order on… Continue reading Judge scolds BitMEX lawsuit plaintiffs for offering him crypto ‘basics’ lessons

Bitmex to list ADA, DOT, EOS, UNI, XLM and YFI Perpetual Contracts

In brief: Bitmex will list 6 new perpetual contracts in March of ADA, DOT, EOS, UNI, XLM and YFI The new contracts will be launched in batches with DOT and UNI going live on March 3rd Bitmex has fallen from being the top-ranked derivatives platform since the CFTC pursued charges against its top execs The… Continue reading Bitmex to list ADA, DOT, EOS, UNI, XLM and YFI Perpetual Contracts

BitMEX Adds Yearn.Finance (YFI), Polkadot (DOT), and Binance Coin (BNB)

Leading crypto derivatives platform BitMEX has continued to support new cryptocurrencies after promising to do so earlier this year. The firm recently announced the addition of three new futures contracts for its users. BitMEX has been a subject of much scrutiny over recent weeks due to the U.S. CFTC announcing it is charging the exchange… Continue reading BitMEX Adds Yearn.Finance (YFI), Polkadot (DOT), and Binance Coin (BNB)

Indictments issued for BitMEX senior team are a signal to all

On the morning of Oct. 1, the United States government authorities in New York issued indictments for four of the senior team of BitMEX, the famed “wild card” exchange based in Hong Kong. Despite that, the crypto exchange still continues to operate its services.  BitMEX is one of the world’s largest crypto exchanges and has… Continue reading Indictments issued for BitMEX senior team are a signal to all

What BitMEX scandal? Bitcoin futures data shows traders focused on $12K

BitMEX used to be the indisputable leader of Bitcoin (BTC) futures trading and if something similar to yesterday’s civil enforcement action were to happen back in 2015-2018 the crypto markets would have completely collapsed. Regardless of partial recovery to $10,600, which was relatively quick, derivatives markets held steady during the $500 drop down to $10,400.… Continue reading What BitMEX scandal? Bitcoin futures data shows traders focused on $12K

Bitcoin Slips $400 as CFTC Charges BitMEX Over Derivatives Violations

Bitcoin is tumbling lower after it was revealed that the U.S. Commodities and Futures Trading Commission (CFTC) is charging BitMEX. BitMEX is a leading crypto derivatives platform based in the Seychelles. The U.S. regulatory agency, which focuses on derivatives, was rumored to be investigating the company. In 2019, Bloomberg came out with a report suggesting… Continue reading Bitcoin Slips $400 as CFTC Charges BitMEX Over Derivatives Violations

BitMEX is not registered to operate in Ontario, says regulator

BitMEX, one of the world’s largest Bitcoin (BTC) trading platforms, is now officially restricted to operate within at least two Canadian provinces. Following a request from the Ontario Securities Commission (OSC), BitMEX will be soon limiting the access to its platform by Canadian investors from Ontario province. A representative at the OSC told Cointelegraph that… Continue reading BitMEX is not registered to operate in Ontario, says regulator

Will Bitcoin’s Weekend Push Past $10k Break the ‘Curse of 10,000’?

The price of Bitcoin caught an unexpected bullish wave over the weekend: after sitting between $8,500 and $9,500 for around two months, the price of Bitcoin finally pushed over the $10,000 mark. The The abrupt move past $10,000 caused roughly $74 million in liquidations of long contracts on BitMEX; CoinTelegraph reported that this caught many… Continue reading Will Bitcoin’s Weekend Push Past $10k Break the ‘Curse of 10,000’?

BitMEX Outage Isn't Sitting Well with Crypto Fans | Live Bitcoin News

Crypto exchange BitMEX has suffered an outage this week, and many people are pointing the finger and accusing it of being a “rotten” trading platform. BitMEX Is Having a Tough Time Based in Seychelles in Africa, the exchange specializes in bitcoin derivatives and has often been labeled a “bitcoin casino” over the years. The crypto… Continue reading BitMEX Outage Isn't Sitting Well with Crypto Fans | Live Bitcoin News

BitMEX Faces Lawsuit for Alleged Racketeering and Extensive Illicit Activities

BitMEX, one of the world’s largest crypto derivatives exchanges, has been accused in court of being “deliberately designed, from the ground up” to facilitate “a myriad of illegal activities.” The allegations were made in a major new lawsuit filed by BMA LLC in the United States District Court for the Northern District of California on… Continue reading BitMEX Faces Lawsuit for Alleged Racketeering and Extensive Illicit Activities

$12 Million on BitMEX Liquidated as Bitcoin Prints Nasty “Darth Maul” Candle

After trading below $7.800 for days on end, Bitcoin attempted a run at the level just minutes ago. At first, it seemed like the cryptocurrency had a chance, rallying from $7,770 to $7,870 — a gain of approximately 1.2% — within the span of two minutes. Chart from TradingView.com Unfortunately for bulls, as fast as… Continue reading $12 Million on BitMEX Liquidated as Bitcoin Prints Nasty “Darth Maul” Candle

BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation. In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member… Continue reading BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

BitMEX Donates $400,000 to Cyber Security Organisation

BitMEX parent company HDR Global Trading Limited has become a partner of nonprofit Shadowserver Foundation. HDR will sponsor the nonprofit by offering $400,000 over the next four years. BitMEX Operator Becomes Member of Shadowserver Industry Alliance Shadowserver Foundation is an organization that collects and analyzes data on malicious activity on the Internet. HDR has become… Continue reading BitMEX Donates $400,000 to Cyber Security Organisation

BitMEX Research Unveils Who Funds Bitcoin Network Development

The research arm of cryptocurrency exchange, BitMEX, shed some light on who is funding the development of the open source software behind Bitcoin (BTC). According to a BitMEX Research report published on March 28, blockchain firms Blockstream and Lightning Labs are the largest contributors to Bitcoin development. On the other hand, Bitcoin research firm, Chaincode… Continue reading BitMEX Research Unveils Who Funds Bitcoin Network Development

BitMEX Slips Behind Binance and OKEx for Bitcoin Futures Trading Volumes

Bitcoin (BTC) derivatives exchange BitMEX has fallen to third place in 24-hour trading volume for Bitcoin futures.  Data from Skew analytics on March 23 reveals that the derivatives giant, founded by Arthur Hayes, is reporting $2.45 billion in 24-hour futures volume, as against Binance’s $2.48 billion and OKex’s $3.08 over the same time frame. 24-hour… Continue reading BitMEX Slips Behind Binance and OKEx for Bitcoin Futures Trading Volumes

Bitcoin Spikes Again Following News of Trump Bill | Live Bitcoin News

Not long ago, Live Bitcoin News reported that the price of bitcoin – the world’s number one cryptocurrency by market cap – was about to surge all over again. Today, it looks like that prediction is coming true. Bitcoin Is Spiking Again! After spending what feels like an eternity in the doldrums (though it was… Continue reading Bitcoin Spikes Again Following News of Trump Bill | Live Bitcoin News

BitMEX Report: Issuance of CBDCs May Lead to Inflation

A March 18th post by BitMEX Research discusses the two approaches governments can take with regards to the issuance of a Central Bank Digital Currency (CBDC) and the ramifications for the economy. Money supply In the modern economy, the money supply is largely determined by the banks’ ability and/or willingness to make loans. “From a… Continue reading BitMEX Report: Issuance of CBDCs May Lead to Inflation

BitMEX Report: Issuance of CBDCs May Lead to Inflation

A March 18th post by BitMEX Research discusses the two approaches governments can take with regards to the issuance of a Central Bank Digital Currency (CBDC) and the ramifications for the economy. Money supply In the modern economy, the money supply is largely determined by the banks’ ability and/or willingness to make loans. “From a… Continue reading BitMEX Report: Issuance of CBDCs May Lead to Inflation

BitMEX Refunds Traders After Latest DDoS Attacks

Ever since the shock Bitcoin crash on Mar 13 when BitMEX went offline due to “hardware issues,” users have been awaiting an explanation. Well, today, they got them. However, “subject to two distributed denial-of-service (DDoS) attacks” isn’t convincing many. BitMEX Hit by 2 DDoS Attacks According to an update on the BitMEX blog, supposedly written… Continue reading BitMEX Refunds Traders After Latest DDoS Attacks

BitMex Insurance Fund Tags ATH, Binance and Deribit Inject Millions

The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and Deribit. In spite of the widespread carnage, the insurance fund of leading derivatives exchange, BitMex, only took two days to break back into new… Continue reading BitMex Insurance Fund Tags ATH, Binance and Deribit Inject Millions