An unknown entity sold over 400 BTC in a short period of time on the BitMEX BTC/USDT spot market; BitMEX began investigating the situation internally.
BitMEX News
BitMEX is a cryptocurrency derivatives exchange. The BitMEX exchange offers a Bitcoin (BTC) perpetual swap trading product, which allows participants to leverage up to 100x the funds they hold on the exchange. Additionally, on BitMEX, BTC futures contracts that come with expirations can be traded, as well as futures and perpetual swap trading for crypto assets other than BTC. BitMEX fees and the BitMEX funding rate come with trading on the platform, depending on the contracts traded.
BitMEX also has a simulated trading platform, called BitMEX Testnet, on which participants use a worthless digital asset called Testnet Bitcoin. BitMEX does not allow customers from the United States and a number of other regions.
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The Asian digital asset exchange was hit hard by the crypto winter and is finding recovery difficult.
6903BitMEX co-founder Arthur Hayes predicts that successful Web3 projects will adopt a “points” program before conducting token generation events.
4334Solana price has been rocky over the past two weeks but user activity on the network continues to increase.
10587According to BTC options and futures metrics, whales and market markets were anticipating a price crash ahead of the rally to $43,000.
17575According to Arthur Hayes, global cryptocurrency exchange Binance paid one of the largest corporate fines in history for challenging the financial and political status quo in America.
7024SOL price has started to cool off as investors potentially question the reasons for the most recent double-digit rally.
13027Hayes may face short-term losses on his Solana buy-in, but the long-term upside looks promising as the cryptocurrency market recovers.
19370Three key Bitcoin price indicators explain why the BTC price continues to fall toward new lows.
8751BitMEX CEO Stephan Lutz reflected on a tumultuous 2022 for the cryptocurrency industry, the effects of the FTX fallout and other recent major events.
6921Crypto exchanges looking to capitalize off the Arbitrum airdrop fever have launched IOU and derivatives for ARB, an early sign of the excitement that will unfold on March 23.
6466The proposed stablecoin, the Satoshi Nakamoto Dollar, aims to be entirely free from any movements of the U.S. dollar, which require banking services.
9193Crypto trading platforms Kraken and BitMEX topped the proof-of-reserves score list, while Binance received a low score for being incomplete.
58700Publicly listed Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again.
11326Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell.
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