BitMex Founder: Grexit Will Not Spark Bitcoin Surge
Bitcoin will not see a surge in Greece following this week's debt payment decision, BitMEX's founder has said. The comment comes as the Greek government is due to make four payments to the International Monetary Fund (IMF) worth $1.8bn this month, with $3.3m due this Friday. There are concerns that the country does not have the funds to pay and could potentially default on the debt, leading to its exit from the eurozone. Speaking to CoinDesk, Arthur Hayes, co-founder of bitcoin derivatives exchange BitMEX, said: "Greeks are rushing to send their euros outside the country to more stable....
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There has been a lot of talk about a Grexit, which is short for a Greek exit from the euro zone, these days since the cash-strapped nation might soon be forced to default on its loans. The country has a set of debt payments due this month and there is not enough money in the government's offers to meet these obligations. Some traders have speculated that this could spark a huge outflow of cash from the euro region, possibly leading to an influx of investments in cryptocurrencies, eventually driving bitcoin prices higher. However, some members of the bitcoin community say that this is a....
BitMEX cofounder Benjamin Delo has turned himself in following charges that the exchange skirted AML laws.
On Saturday, the Litecoin market holdings were dropped like third-period French. In much the same fashion, the ultra-secure altcoin Dash has also seen a marked rise in trading over the weekend, stoking fears of an equally precipitous decline in the coming days. As we reported on Friday, an alleged “Pump-and-Dump” scam was suspected for the Litecoin currency and its sudden meteoric rise. Advocates of the altcoins would remark that the Grexit is a factor in the sudden value spikes and has helped them, as it has bitcoin. The hard numbers do not bear this out. For no particular reason, trading....
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million.
Bitmex’s Arthur Hayes Sentenced
The U.S. Department of Justice (DOJ) announced Friday that the founder and former CEO of cryptocurrency derivatives exchange Bitmex has been sentenced for violating the Bank Secrecy Act (BSA). Hayes pleaded guilty to violating the Bank Secrecy Act in February.
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BitMEX co-founder Samuel Reed pleaded guilty to anti-money laundering offenses and agreed to pay a $10 million fine, according to a statement from the US Attorney’s Office on Thursday. Reed is the exchange’s third founder to enter a plea agreement with US prosecutors. The news comes on the heels of other co-founders — Ben Delo […]