A professor at NYU’s Stern School of Business, Nouriel Roubini has been fierce critic of cryptos, in his recent essay titled ‘The Great Crypto Heist’ in which he punished BitMEX compliance policy. From his writing: “BitMEX insiders revealed to me that this exchange is also used daily for money laundering on a massive scale by terrorists and other criminals from Russia, Iran, and elsewhere; the exchange does nothing to stop this, as it profits from these transactions.”
Hong Kong-based peer-to-peer (P2P) cryptocurrency exchange BitMEX has reported an influx of attacks on user account credentials. BitMEX cautions users to follow security best practices and enable two-factor authentication following an increase in attacks on user accounts. In addition to covering a litany of best practices for user security, it also stressed the importance of using two-factor authentication (2FA) in particular.
Youngest billionaire of U.K., 35 years old Ben Delo who at present holds 30% of crypto exchange he founded (BitMEX) has a net worth of more than $1 billion has shares his plan to donate significant part of his fortune to charity. He was inspired by his fellow alumnus from Oxford, Will MacAskill. Ben explained, To use Will’s framing of the idea, I take effective altruism to be the project of using evidence and reason to figure out how to benefit others as much as possible, and taking action on that basis.”
HDR Global Trading Limited has made a donation to the MIT Digital Currency Initiative (DCI), the objective of which is to conduct the research necessary to support the development of digital currency and blockchain technology. Commenting on the sponsorship, Sam Reed, CTO of HDR Global Trading and co-founder of Biome, said that the donation into research and development is about ensuring that the network is more robust.
The price of Bitcoin dipped as low as $6,194 on Bitstamp and on BitMEX, it collapsed to $6,380. A lot of investors blamed BitMEX for the dump. BitMEX in its statement: “The BitMEX .BXBT Index tracks the Bitcoin price every minute. The Bitcoin price is calculated from the last price at BitMEX Index. The .BXBT index price is shown on many pages as the current Bitcoin price.”
Arthur Hayes, CEO of BitMEX, has just announced that the leading cryptocurrency derivative trading platform saw a record volume of over $10Bn. Because the exchange does not actually spot trade Bitcoin (BTC), it is generally excluded from volume calculations on the entire market, however, most cryptocurrency traders who margin trade frequent the platform. BitMEX, has been no exception to this explosive rise, because many cryptocurrency traders in 2018 were complaining traders were ‘over-shorting’.
A major update in terms of service has been announced by BitMEX with the aim of focusing to keep off the unauthorized users from their platform. It will be implemented from March 6th. Previously, BitMex representative has explained, “BitMEX has banned all US traders since 2015, and has been proactively closing accounts since the guidance was obtained by US regulators.”
The BitMEX (Bitcoin Mercantile Exchange) was reportedly hit by a technical snag. The exchange revealed, “We have been experiencing WebSocket issues. We have since resolved this issue and continue to monitor on our side.” Reportedly, the services are back to normalcy. The exchange claimed that the DdoS and price action imposed a heavy load on data mirrors.
Angelina Kwan, a senior from the Hong Kong financial regulation space, has been newly appointed as the new Chief Operating Officer of BitMEX. Kwan responded to her appointment, “I hope my previous experience will help in establishing a constructive dialogue with the various regulatory authorities around the world over the development of regulation in the cryptocurrency industry.”
BitMex, one of the leading cryptocurrency exchanges has discharged bitcoin cash for bitcoin. The exchange has reported that the users of bitcoin cash were compensated with bitcoin in the ratio of 1 BCH to 0.1707 XBT.