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BitMEX

Crackdown by BitMEX Will Fuel DeFi, Industry Insiders Hope

Several industry insiders argue that a recent crackdown by US regulators on the crypto derivatives exchange. BitMEX has shown once and for all that decentralisation is the way forward for those offering crypto-related services. The charges brought against BitMEX. By the US Commodity Futures Trading Commission (CFTC) are “bound to push more cryptocurrency projects toward […]

BitMEX Joins Covid-19 Relief Efforts With the $2.5M Fund

BitMEX Joins Covid-19 Relief Efforts With the $2.5M Fund

Seychelles-registered crypto-derivatives exchange BitMEX has been the newest player in the industry to enter philanthropic efforts to counter the global health crisis COVID-19. HDR Global Trading, the operator of the exchange, opened a dedicated COVID-19 Response Fund on April 20 and revealed its donation of a total of $2.5 million in grants to four beneficiaries. […]

BitMEX Report: Issuance of CBDCs may lead to inflation

BitMEX Report: Issuance of CBDCs May Lead to Inflation

A March 18th post by BitMEX Research discusses the two approaches governments can take with regards to the issuance of a Central Bank Digital Currency (CBDC) and the ramifications for the economy. Money Supply In the modern economy, the money supply is largely determined by the banks’ ability and/or willingness to make loans. From a […]

BitMEX and French Wine Firm Plan to Acquire Japanese Crypto Exchange

BitMEX and French Wine Firm Plan to Acquire Japanese Crypto Exchange

BitMEX, a crypto exchange, and Madison Holdings, a French wine retailer, have announced their intent to acquire a majority stake of BitOcean, a Japanese crypto exchange. Reportedly, Madison Holdings Group will acquire a 62.7% stake of BitOcean for $15.12 million (1.68 billion Yen) in addition to an extra fees of $15 million.

Mexican Companies Launch Crypto Portal for Covid-19 Affected People

Mexican Companies Launch Crypto Portal for Covid-19 Affected People

Mexican crypto-currency exchange Bitso and crowdfunding site Donadora joined forces to introduce a crypto-based donation program. The network would support the neediest families impacted by the COVID-19 crisis to collect funds to buy food. Each pantry delivered will be worth 150 Mexican pesos, according to a report published by El Heraldo de México on May […]

Bitcoin’s Unstoppable Uptrend Reached Over $9,100

Bitcoin’s Unstoppable Uptrend Reached Over $9,100

For the Bitcoin industry, the past 24 hours is volatile. The cryptocurrency has been in an almost relentless uptrend since breaking past $7,800 on Wednesday morning. Surging past resistance after resistance in the $7,000s, $8,000s, and most recently, the ever-important $9,000-level. This extreme uptrend comes on the back of an increase in buying volume on […]

Bitcoin Whales Are Optimistic About the Long-Term Prospects of Bitcoin

Whales Are Optimistic About the Long-Term Prospects of Bitcoin

A big Bitcoin (BTC) whale keeping 68,000 BTC ($523 million) hasn’t moved the funds for over five years. And on-chain data reveals other whales have similarly held onto their BTC for an average of 4.7 years. While Bitcoin is CoinMarketCap’s top-ranked cryptocurrency. Whales holding on to a digital asset without selling for years don’t protect […]

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

The price of Bitcoin increased over a 24-hour span by more than 10 percent, rising from $7,020 to $7,770 on both spot and futures exchanges. But, BTC shows all three signs that the upsurge was a trap for bulls. Before the rebound, negative futures funding levels, Bitcoin altcoins struggling to run front. And the BTC […]

South Korean Exchange Bithumb Launches 5x Margin Trading

South Korean Exchange Bithumb Launches 5x Margin Trading

Weeks After Bitcoin’s recent deleveraging. The big South Korean exchange Bithumb has unveiled leverage trading on its global platform for Bitcoin (BTC) and Ether (ETH). The exchange notes that the move is in response to “a spike in crypto services demand,”. The launch of margin by Bithumb Global comes just weeks after the biggest deleveraging […]