BITMEX
BitMEX Co-Founder Ben Delo Faces Class-Action Lawsuit Over Alleged Market Manipulation
BitMEX co-founder Ben Delo faces a class-action lawsuit over alleged market manipulation, with a U.S. judge ruling that he played a central role in designing a liquidation system that allowed the exchange to profit from the scheme.
Former BitMEX CEO Arthur Hayes Discusses Market Weakness and Banking Tricks
BitMEX CEO Arthur Hayes has shared his views on the potential market weakness and banking tactics in a recent article on Medium. While emphasizing that his opinions should not be considered investment advice, Hayes provides insights into the macro setup and his analysis of the current market conditions.
FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange's Risk Management Measures
FTX CEO Sam Bankman-Fried faced court examination on risk management after 2020 incident. BitMEX Research detailed discussions on "Allow Negative" code change, growth, and SBF's personal and professional entanglements.
DWF Ventures Explores Innovations in Perpetual DEXs Landscape
DWF Ventures delves into perpetual DEXs, emphasizing the blend of decentralization and innovation. The discourse spans from perpetuals' inception in 2016 to notable DEX protocols like dYdX and HyperliquidX advancing the ecosystem. The narrative underscores the continuous innovation and the anticipation for future advancements in the perpetual DEX landscape.
Cryptocurrency Firms Deny Exposure to Troubled US Banks
Major cryptocurrency firms, including Tether, Crypto.com, Gemini, BitMEX, and others, have denied exposure to dissolved U.S. banks like Silicon Valley Bank and Signature Bank. The firms have taken to social media to assure their users that their funds are safe and accessible despite ongoing issues in the U.S. banking system.
BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin
Arthur Hayes, the co-founder and former CEO of BitMEX, has proposed creating a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar. Unlike major reserve-backed U.S. dollar-pegged stablecoins, the proposed NakaDollar would be pegged to the sum of $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD, without relying on any USD reserves. The stablecoin's peg to the U.S. dollar would be maintained via mathematical transactions between the new decentralized autonomous organization (DAO) authorized participants and derivatives exchanges.
BitMEX to Launch BMEX Token Trading on Friday
Crypto exchange Bitmex has announced it will launch the trade of its BMEX token on 11 November.
Bitmex to Layoff Employees a Week After CEO Takes Exit
Bitmex has reduced its number of employees as part of a strategy to move away from the company's "beyond derivatives" model.
BitMEX CEO Alexander Hoptner Resigns From the Trading Platform
Alexander Hoptner tendered his resignation today as BitMEX CEO, expanding the exodus of executives from crypto
BitMEX to Launch Platform Token BMEX by the End of 2022: CEO
The CEO of BitMEX announced it will launch its exchange token BMEX by the end of this year, citing that the present market conditions are not ideal enough.