BitMEX Financial News

Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death spiral, Bitcoin (BTC) recording seven-consecutive weekly red candles, over $1 trillion in lost market cap across the ecosystem and an aggressive Federal Reserve hell-bent on reversing the chaos it created, major banks are quietly increasing their exposure to the sector. You’re going to love this: Goldman Sachs — once the most passionate Bitcoin detractors — and Barclays are doing some strategic buying as they prepare for the future of crypto trading. 

Major crypto exchanges Coinbase and BitMEX are deploying new features to lure more customers, benefiting from users’ rising interest in direct and mobile Web3 access, and spot markets, among others.

Crypto exchange platform BitMex announced Tuesday the launch of spot trading for retail and institutional traders.

Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform.

Mumbai: One of the world’s top global cryptocurrency exchanges, Bitmex, is launching spot trading in India on Tuesday, despite the bloodbath in the crypto market and an unfavourable regulatory environment, a top executive told ET. The spot exchange will allow Indian users to instantly buy, convert, deposit and withdraw multiple cryptocurrencies. «India is one of the most active hubs globally for crypto adoption and not just from a trading perspective, but we are seeing a lot of activity in terms of project development, project rollouts, and actual infrastructural projects within the ecosystem. India is ranked second in the global crypto adoption index. Given its demography and tech capabilities, India is just impossible to ignore,» Jenia Mikhalchenko, vice-president of spot exchange at Bitmex, said during an interview.

A New York court has ordered the three former masterminds of the BitMEX crypto exchange to fork out a combined USD 30m in “civil monetary penalties.”

The U.S. District Court for the Southern District of New York has ordered a total of $30 million civil monetary penalties from the three co-founders of BitMEX crypto derivatives exchange, including former CEO Arthur Hayes.

The co-founder and ex-CEO of the BitMEX crypto exchange Arthur Hayes has asked a court not to give him jail time for failing to create an anti-money-laundering network on the platform – and has claimed that he will not repeat his crimes. Hayes has also sought permission to live abroad and travel freely.

The Federal Reserve would raise interest rates at its May meeting after it hiked rates for the first time since March of 2018. The nation’s central bank, is now, expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.

Although high computational requirements are compelling ETH to move to the PoS model, the Bitcoin PoW mining cycle is currently exhibiting bullish behavior. The hashrate of the token is also expected to rise by the end of 2022. BitMEX, via its latest report, stated that the current hashrate of 220 EH/S would rise to 320 EH/S by the end of the year.

One of the first proper alternatives to Bitcoin, Litecoin has amassed a huge following all across the crypto-community. While never as popular as BTC, LTC has carved a niche for itself, with its price valuation reflecting the same as well.

The crypto market traded lower over the weekend, with US inflation data, possible moves by the US Federal Reserve (Fed), and bearish-looking technology stocks all weighing on investors’ sentiment and causing worry about the way forward.

Crypto is now a billion-dollar industry. While reports covering the entire sector are patchy and overly conservative, filings from individual companies speak to the growing scale of crypto, with Coinbase and Blockchain.com alone generating USD 7.35bn and USD 1.5bn in revenue in 2021, respectively.

Italian professional soccer club AC Milan will be releasing its first-ever nonfungible token (NFT) project in collaboration with the BitMEX crypto exchange, with proceeds going to Fondazione Milan, the clubs' charity arm.

Major crypto derivatives exchange BitMEX is finally embracing ethereum (ETH), telling its customers that they can now make deposits, withdrawals, and trades using the coin, and that more coins will be added “over the coming weeks.”

The world’s current monetary regime effectively ended with the freezing of Russian foreign reserves by Western governments on February 26. In the new era, central banks will no longer save reserves in Western fiat currencies -- instead, turning to gold and bitcoin (BTC) as their preferred reserve assets, according to former BitMEX CEO Arthur Hayes.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

The founders of crypto exchange BitMEX have pled guilty to violating the Bank Secrecy Act after a lengthy litigation process with the U.S. Department of Justice (DOJ).

The US Federal Reserve (Fed) aims to get inflation down with its interest rate hikes this year. Longer-term, however, inflation might still remain as the winner, with bets on bitcoin (BTC), ethereum (ETH), and gold expected to pay off. But until then, volatility could flush out even the most dedicated crypto holders, crypto exchange BitMEX warned.

Demand for savings products that yield far higher returns than what can be achieved in traditional markets is expected to surge, as more people realize that inflation is eating away at their savings, crypto derivatives exchange BitMEX has said in a new report.