Tag: BitMEX

May 06, 2022 BY Steffy Bogdanova

BitMEX co-founders to pay $30 million fine

The crypto exchange offered services to US residents without approval from CFTC to operate as a Designated Contract Market (DCM) or a Swap Execution Facility (SEF). The company also operated as a Futures Commission Merchant (FCM) without registration. Moreover, it failed to implement customer information program (CIP) and know-your-customer (KYC ) procedures, as well as…

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bitmex investigation
February 25, 2022 BY Steffy Bogdanova

BitMEX founders Arthur Hayes, Ben Delo plead guilty to defying AML rules

US Attorney Damian Williams said: As cryptocurrencies and technologies designed to facilitate their trade proliferate, companies engaged in the virtual currency economy have become critical gatekeepers in efforts to ensure that U.S. markets are fair, efficient, and secure. The opportunities and advantages of operating in the United States are legion, but they carry with them…

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January 06, 2022 BY Steffy Bogdanova

BitMEX teams up with Tokeny to launch BMEX

Users will be able to earn as much BMEX as possible through participation in contests and giveaways for a limited time period. Alexander Höptner, CEO of BitMEX, commented: We chose to partner with Tokeny - one of the global leaders in the tokenisation technology space - to guide us in developing and issuing BMEX in…

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December 22, 2021 BY Steffy Bogdanova

BitMex announced native crypto coin BMEX

BitMEX users can earn BMEX based on trading volumes at the exchange and the generated fees. The company detailed that there will be a maximum supply of 450 million BMEX tokens. They will be vested over a period of 5 years. BitMEX explained: The large majority of BMEX will be spent to reward users and…

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BitMEX Michele Bertacco
November 04, 2021 BY Steffy Bogdanova

BitMEX hires Michele Bertacco as Chief Marketing Officer

At BitMEX Bertacco will lead the company’s marketing function, which includes customer acquisition, brand and communication, user experience, and customer engagement spheres. BitMEX highlighted in the announcement that Bertacco is extremely well-suited to manage the company's principal partnership with AC Milan as he has in previous experiences, partnering with it and other legendary clubs in…

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bitmex investigation
August 11, 2021 BY Steffy Bogdanova

BitMEX ordered to pay $100 million for illegal operation of a cryptocurrency trading platform

The US watchdog found that from November 2014 to October 2020 BitMEX offered leveraged trading of cryptocurrency derivatives to retail and institutional customers in the US, while operating as a common enterprise. BitMEX was aware that US customers could access the BitMEX platform. CFTC also found that US customers placed orders directly through BitMEX’s user…

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Forex Weekly Look Back
April 09, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: eToro hires Hedva Ber as Deputy CEO/COO, PrimeXM trading volumes reach $1.06 trillion in March

Arthur Hayes, the former CEO of cryptocurrency exchange platform BitMEX, has surrendered himself in Hawaii to the US authorities and appeared in court on Tuesday. Hayes faces charges suggesting that he did not take necessary action in preventing his innovative start-up from becoming a platform for money laundering crimes. Hayes’ surrender comes six months after…

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Forex Weekly Look Back
November 13, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: BDSwiss adds 1000+ CFDs on ETFs and DMA stocks, Christian Frahm launches United Fintech

Eventus Systems, Inc., global provider of multi-asset class trade surveillance and market risk solutions, announced today that 100x Group, the holding structure for BitMEX, has chosen Eventus to support BitMEX’s trade surveillance and Anti-Money Laundering (AML) transaction monitoring. Cryptocurrency products trading platform BitMEX will deploy the cloud-based version of the Eventus Validus platform within the…

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