BitMEX Says It’s ‘Business as Usual’ Despite 30% Drop in Bitcoin Balance Afte...
More than 57,000 BTC have been withdrawn from BitMEX since Sept. 30.
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Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. According to Arcane Research’s post on Twitter, “the former yearly low was painted on the 30th of April when the open interest bottomed at 61,975 BTC.” The post adds that in the wake of the act CFTC, traders are “definitely closing their positions on Bitmex.” Open....
It’s official – the U.S. government has the Bitmex exchange in its headlights. With one Bitmex leader in custody and others on the lam, the exchange is practically toast. New York Times broke the story on October 1 showing how charges related to money laundering and reckless financial activity have left Bitmex backers in a […]
Hong Kong exchange Bitfinex has said it will be “business as usual” after being fined $75,000 by the US Commodity Futures Trading Commission (CFTC). Bitfinex ‘Involved in Below-Board Practices’. The results of the CFTC inquiry, published Thursday in a press release, state that the fine was imposed on Bitfinex “for offering illegal off-exchange financed....
Bitcoin futures and options sentiment held steady despite the BitMEX and Kucoin news, signaling a $12K bull run is near. 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. Neither BTC futures or options displayed any signs of discomfort to the negative news.The futures market....
The price of Bitcoin rejected $11,500 in a swift price drop alongside rising shorts on BitMEX and slumping U.S. stocks. The price of Bitcoin (BTC) rapidly fell after surpassing $11,500 on Binance between Oct. 14 and Oct. 15. Within two hours, it fell to $11,280, recording a 2.3% drop. After the fall, analysts are expecting another minor pullback in the near term.Three factors likely caused the rejection to occur include a sell-off on BitMEX, a major resistance level and the stock market pullback.Bitcoin dropped as soon as the Dow Jones slumpedOn Oct. 14, the Dow Jones Industrial Average....