BitMEX

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 […]

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.