Fri, November 22

BitMEX Pleads Guilty to BSA Violations Over Five-Year Period

BitMEX, a leading cryptocurrency exchange based in the Seychelles, has pleaded guilty to breaching the Bank Secrecy Act (BSA) between 2015 and 2020, as announced by the U.S. Department of Justice (DOJ) on Wednesday. Court documents reveal that BitMEX intentionally failed to implement a know-your-customer (KYC) and anti-money laundering (AML)

July 11, 2024 1 min read

BitMEX Announces Launch of Tailored App for Hong Kong Users

Hong Kong users of the cryptocurrency exchange BitMEX will soon have access to a new dedicated platform. With the implementation of the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Statute 2022 on June 1, 2023, the company intends to apply for a Virtual Asset Service Provider (VASP) license. BitMEX’s

May 22, 2023 1 min read

Pepe Token Soars with BitMex 50x Perpetual Swaps Listing

The recent listing of Pepe Token’s perpetual swaps with 50x leverage on BitMex is likely to further drive the prices higher and bring more attention to the project. This will allow users to effectively speculate on the PEPE tokens’ price movements and provide a platform for traders to hedge their

May 3, 2023 3 mins read

BitMEX Co-founder Arthur Hayes Proposes Bitcoin-backed Stablecoin

NakaDollar (NUSD) is a proposed new stablecoin backed by bitcoin (BTC) and bitcoin derivatives. It has been suggested by Arthur Hayes, co-founder of cryptocurrency derivative trading platform BitMEX. Moreover, Hayes said in a blog post that the creation of NUSD would be different. Especially from the creation of other stablecoins.

March 10, 2023 2 mins read

BitMEX Announces Official Launch Date of Native Token BMEX

The cryptocurrency trading platform BitMEX announced on Tuesday that its native BMEX coin would begin trading on November 11. Members who hold and stake BMEX tokens on the BitMEX platform will get access to discounted trading fees, staking awards, fee-free withdrawals, and other premium features. With the debut of BMEX

November 8, 2022 2 mins read

BitMEX CEO Alexander Hoeptner Steps Down

The BitMEX native token, BMEX, will be listed before the end of next year. This past February, the business airdropped 1.5 million BMEX. After Alexander Hoeptner quit “with immediate effect,” BitMEX nominated chief financial officer Stephan Lutz as interim CEO. The corporation has said that Lutz will remain in his

October 25, 2022 1 min read

BitMEX Exchange Bans Russian Users in EU From Operating Services

The action by the exchange is an attempt to comply with EU restrictions. BitMEX isn’t the only one adhering to EU rules. Crypto Exchange BitMEX is restricting access to Russian users. Customers who are Russian nationals or residents operating from the EU will no longer be able to utilize BitMEX

July 6, 2022 2 mins read

BitMEX Co-founder Benjamin Delo Sentenced to 2.5 Years’ Probation Term

Delo will spend his probation in Hong Kong before returning to his wife. Prosecutors allege that the three failed KYC processes for their U.S. client base. According to the Wall Street Journal, an anti-money laundering banking secrecy act violation by BitMEX exchange co-founder Benjamin Delo has resulted in a 30-month

June 16, 2022 2 mins read

BitMEX Co-founder Sentenced 2 Years’ Probation and 6 Months House Arrest

In June, there will be a hearing for Hayes co-founders who admitted guilt with Hayes. Hayes, Delo, and Reed have each been fined $10 million. After being convicted of breaking the US Bank Secrecy Act, Arthur Hayes has been sentenced to two years of probation and six months of home

May 21, 2022 1 min read

BitMex Co-founder Predicts $1Million Price for Bitcoin in Future

Despite months in a tight consolidation, the BTC price just broke above a critical level of support. As Europe’s geopolitical tensions rise, organizations and people are undoubtedly looking to invest their assets in an inflation-proof, stateless asset. According to some, Bitcoin is still in its ‘early innings,’ which means that

March 19, 2022 1 min read