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For the first time since 2018 Bitcoin balances on exchanges fell below 2.5M
22.10.2020
Bitcoin's balance on three popular exchanges decreased by 390k BTC over the past 9 months
Bitmex Fast-Tracks KYC Program as Regulators Tighten Screws on Anti-Money Laundering Rules
22.10.2020
Bitmex said Wednesday that it is fast-tracking its user verification program in order to comply with regulatory requirements. Users must now be fully verified by Nov. 5, 2020 “to continue trading on the platform,” it said. In a statement, the crypto derivatives exchange stated that...
Crypto Options Exchange Deribit to Require ID Verification for All Users by Year End: Report
21.10.2020
Popular cryptocurrency options exchange Deribit will require all of its users to be ID verified before the end of this year under its revamped know-your-customer (KYC) policy
BitMEX Hastens User Verification After Securing 50+% of Their Trading Volume
21.10.2020
Source: Adobe/Jom_Ariya
The troubled crypto exchange BitMEX has accelerated its user verification program after securing over 50% of their trading volume in almost two months since the program begun.
"A significant amount of our users representing over 50% of our volume have successfully...
BitMEX Accelerates Mandatory ID Verification After Charges of Lax Anti-Money Laundering Controls
21.10.2020
The exchange moved deadline for identity verification from Feb. 2021 to Nov. 2020
Seller shortage? Bitcoin exchange reserves plunge as BitMEX bleeds BTC
18.10.2020
Bitcoin exchange reserves are continuously plummeting as analysts pinpoint the trend to a potential shortage of sellers
‘Only in Crypto’: What the OKEx Mess Says About New and Old Finance
17.10.2020
On Friday morning as the OKEx withdrawal-freeze story twisted and turned, CoinDesk's editors had an off-the-cuff discussion about the fundamental realities and unique challenges of security for even the largest exchanges
187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June
17.10.2020
Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen...
BitMEX charges send ‘a message’ to global exchanges: Crypto Mom
15.10.2020
The SEC Commissioner said the recent legal action taken against BitMEX shows the need for the international industry to take AML regulations seriously
Why didn't the Kucoin hack or legal action against BitMEX seem to impact Bitcoin?
14.10.2020
Bitcoin may have solidified a price base due to big player purchases
CFTC Chairman Heath Tarbert Talks Ethereum, DeFi and the Next BitMEX
14.10.2020
Ethereum's upcoming proof-of-stake shift won't necessarily put the world's second-largest cryptocurrency into the securities bucket, the chairman of the CFTC said Wednesday
This Is How BitMEX Juggled Private Keys Amid Crackdown
14.10.2020
Major crypto derivatives exchange BitMEX avoided solvency problems and managed to process all of its users’ withdrawals on time to remain solvent and in operation after a recent crackdown by the United States legal system. So how did the custodian managed the fallout?
As reported, BitMEX founders...
Competition for global crypto derivatives market dominance heats up
13.10.2020
Despite Binance recording the highest crypto derivatives volume in September, OKEx seems to be fighting back
Blockchain Bites: Bitcoin on Ethereum – The Whos, Whats and Whys
12.10.2020
Elon Musk disupted claims of a Gigafactory Bitcoin ATM, BitMEX hired a head of compliance and there's nearly $1.5 billion worth of Ethereum-tokenized bitcoin
BitMEX operator hires chief compliance officer amid US criminal charges
12.10.2020
The hire comes after BitMEX's founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States
BitMEX Exchange Hires Compliance Chief After US Charges
12.10.2020
BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran
Revamped Crypto Derivatives Exchange Qume Set to Fly in Wake of BitMEX Woes
12.10.2020
The timing couldn’t be better for regulation-focused trading platform Qume, which unveils a revamped set of services Monday
US Government Moves to Regulate Cryptocurrencies After Attorney General Publishes Enforcement Framework
10.10.2020
United States Attorney General (AG) William Barr says the recent publishing of the Cryptocurrency Enforcement Framework will help law enforcement to fight elements using digital currencies for illicit ends. Produced by the AG’s Cyber-Digital Task Force, the framework provides law enforcement...
Law Decoded: Police and thieves on their screens, Oct 2–9
9.10.2020
The Department of Justice made headlines in crypto and elsewhere, leading a week of law enforcement locking down around the world
BitMEX CTO Released On USD 5m Bond, USD 2bn Blockchain City + More News
9.10.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Legal news
BitMEX Chief Technology Officer Samuel Reed, who was charged and arrested by the US Department of Justice, has been released on a USD...