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BitMEX Launching Services for Corporate Customers

Hong Kong-based cryptocurrency derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting.According to a June 22 announcement on BitMEX’s support page, the exchange is launching a new program for corporate customers, BitMEX Corporate. Accounts on the crypto exchange that are not owned and operated by an individual can now ensure their BitMEX holdings are the legal property of a corporation.BitMEX said the...

Website Compiles List of KYC-Free Exchanges, Along With Some Warnings

A new website seeking to compile an active list of every cryptocurrency exchange that welcomes traders in some capacity without forcing them to hand over personal information through know-your-customer, or KYC, verification.Kycnot.me is only concerned with exchanges that support Bitcoin (BTC) or Monero (XMR), asserting that BTC is the largest crypto asset with the most adoption and XMR offers the strongest privacy protections.Website tracks KYC-free crypto exchangesThe website currently lists 14 KYC-free trading...

BitMEX Operator Gives $400K Sponsorship to Cybersecurity Nonprofit

HDR Global Trading, the operator of crypto exchange BitMEX, is giving a $400,000 grant to the cybersecurity nonprofit Shadowserver Foundation.In an April 6 statement on the company’s blog, HDR Global Trading announced that it would offer $400,000 to the organization over the next four years. The BitMEX operator will be acting as a member of the nonprofit’s new industry alliance for Internet security.Richard Perlotto, Shadowserver Director, thanked HDR for “their rapid response...

Coronavirus Financial Crash Is Bitcoin’s Biggest Test, BitMEX Says

BitMEX, the world’s second largest crypto exchange by daily trading volume as of press time, believes that amid the ongoing global coronavirus crash, Bitcoin faces its biggest challenge and the opportunity to prove its potential during the global financial crisis.The 2020 coronavirus financial crash could be the biggest opportunity Bitcoin has ever seenOn March 17, BitMEX’s research arm, BitMEX Research, published an analysis of the ongoing impact of COVID-19 pandemic on the...

BitMEX Explains Why Bitcoin Nearly Hit $0 Last Week, Pays Out $200K

The meltdown at derivatives giant BitMEX, during which Bitcoin (BTC) fell to $3,600, has seen the company payout compensation worth a modest $200,000.In a blog post about the event, which occurred on March 13, BitMEX blamed “two DDoS attacks” for crashing its platform.Ethereum traders see 40 BTC refundedComing at a time of intense volatility across Bitcoin markets, a botnet managed to consume hardware resources, ultimately causing BitMEX to fail altogether and go...

BitMex Insurance Fund Tags ATH, Binance and Deribit Inject Millions

The March 13 crypto market meltdown ravaged cryptocurrency companies across the industry, sparking a MakerDAO debt crisis and causing millions to be deployed from the insurance funds of exchanges Binance and Deribit.In spite of the widespread carnage, the insurance fund of leading derivatives exchange, BitMex, only took two days to break back into new all-time highs.BitMex insurance fund posts new all-time highDespite going offline for 45 minutes due to a “hardware issue”...

Crypto Traders Explain What Caused the Bitcoin Price Plunge to $3,000

The Bitcoin (BTC) price dropped to $3,600 overnight, marking Bitcoin’s biggest daily drop in the last seven years. Over $1 billion worth of longs was liquidated on March 12, causing one of the most intense long squeezes in the crypto market’s recent history.The main catalyst of the sudden 50% decline in the price of Bitcoin within a span of eight hours was the 9.99% drop of the Dow Jones Industrial Average. The...

BitMEX Denies it Made Bitcoin Price Drop to $3.7K After Going Offline

Trading giant BitMEX is at the center of attention after unexpected downtime sparked rumors of foul play as Bitcoin (BTC) fell as low as $3,700.According to a tweet from the company, problems arose during frenzied trading activity on the evening of March 12.BitMEX “hardware issue” sparks delaysAs a result, BitMEX was offline for around 25 minutes, managing to address the issue by 3 am UTC. The tweet stated:“Between 02:16 and 02:40 UTC...

Down 26%: Bitcoin Sees Worst Sell-Off in 7 Years as Coronavirus Spurs Flight to Safety

Bitcoin (BTC) suffered its biggest drop in seven years, as fears over the spreading coronavirus triggered a new wave of selling in everything from stocks and junk bonds to cryptocurrencies. This came despite a new European Central Bank pledge to pump more cash into panicky markets.  Prices for the largest cryptocurrency by market value plunged 26 percent to $5,863 as of 13:54 UTC (9:54 a.m. Eastern time). The move wiped out bitcoin’s gains for...

UK Financial Watchdog Retracts Kraken Warning, but BitMEX Caution Stays Up

A UK financial watchdog hastily retracted an official warning about Kraken after apparently confusing the exchange with online scammers — but a similar warning about BitMEX remains active.On March 3, the United Kingdom Financial Conduct Authority (FCA) published a notice on its website cautioning citizens that the second-largest U.S. cryptocurrency exchange by volume, Kraken, is not authorized to operate in the U.K.The warning stated the company is “targeting people in the UK”:“We...
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