BitMEX posted a cryptic social media post on X, which has since sparked speculation about XRP. The crypto derivatives exchange teased a major announcement related to Ripple, which made many investors brace for the market impact. This comes a few days before the CME Group launches its regulated XRP futures. The tweet, posted on May […]
BitMEX
Trump Grants Surprise Pardons to BitMEX Founders and Former Employee
U.S. President Donald Trump has pardoned the three founders of cryptocurrency exchange BitMEX, along with a former top employee, according to a White House official. The company has also been granted a full pardon. This decision has drawn so much attention in the crypto world, as it has cleared all the individuals and the platform […]
BitMEX Founders Freed: Trump Issues Controversial Pardons After Conviction
On March 28 reports confirmed that President Donald Trump issued pardons to BitMEX co-founders Arthur Hayes, Benjamin Delo and Samuel Reed. The trio had previously admitted to criminal offenses related to money laundering and breaking Bank Secrecy Act (BSA) regulations. Hayes, Delo and Reed initially faced serious legal penalties which included fines and possible probation […]
South Korea Strikes Hard on KuCoin and 4 Other Crypto Giants
South Korea has begun regulatory action against five overseas crypto exchanges for operating illegally without proper registration. The Financial Intelligence Unit (FIU) identified KuCoin, BitMEX, CoinW, Bitunix, and KCEX violating the Specific Financial Information Act. Regulatory action involves access restrictions and sanction implementations because authorities are strengthening their oversight of cryptocurrency operations. South Korea Targets […]
Crypto Crackdown: South Korea Targets Foreign Exchanges for Legal Violations
The South Korean financial regulators have started going after the foreign crypto exchanges that operate in the country without meeting the regulatory requirement of the Specific Financial Information Act. As for now, many exchanges operate in South Korea and offer their services locally, which violate the established legal regulations. This is why the South Korean […]
Bitcoin to Hit $100K by Year-End, Says BitMEX Founder Arthur Hayes
Arthur Hayes, the founder of BitMEX, shared an optimistic outlook for Bitcoin (BTC), Dogecoin (DOGE), and the broader crypto market. He anticipates Bitcoin reaching $100,000 by year-end and $250,000 by 2025. Hayes also foresees Dogecoin climbing to $1, underpinned by growing interest in memecoins. TradFi Firms Fuel Bitcoin and Crypto Growth Hayes highlights the role […]
Political Shifts Won’t Stop Bitcoin’s Ascent: Arthur Hayes
In a recent interview, Arthur Hayes, co-founder of BitMEX and a prominent figure in the crypto world, discussed a range of topics, including the potential impact of political changes on cryptocurrency, the evolution of the crypto industry, and Bitcoin’s future. Hayes, who began his finance career in September 2008 on Deutsche Bank’s trading floor in […]
BitMEX Guilty: Faces Massive 5 Years for BSA Violation
BitMEX, the Seychelles-based crypto exchange, has pleaded guilty to violating the Bank Secrecy Act (BSA). This was announced on Wednesday by the U.S. Department of Justice (DOJ). Court documents reveal that BitMEX failed to establish an adequate know-your-customer (KYC) and anti-money laundering (AML) program. This lapse occurred between September 2015 and September 2020. During this […]
BitMEX Sees Massive Bitcoin Outflow: What This Means for the Crypto Market
A popular on-chain data provider, CryptoQuant, has shared that BitMEX has seen the second-highest outflow of Bitcoin in its history. This withdrawal of 35,486 BTC has attracted a lot of attention and discussions within the crypto space and could have an impact on other markets. In the past, the “Exchange Netflow” indicator on BitMEX has […]
Ethereum ETF Approval Still Viable, Says BlackRock’s Fink
The head of asset management powerhouse, BlackRock, remains optimistic about the prospects of an Ethereum spot exchange-traded fund (ETF) coming to market, even if regulators deem the world’s second-largest cryptocurrency a security. Larry Fink’s confident stance emerges as the Securities and Exchange Commission nears a May deadline to rule on applications from eight issuers looking […]