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BitMEX: Bitcoin Lightning Usage Higher Than Expected, And It’s Crucial For BTC

According of a research report from BitMEX, the largest cryptocurrency margin trading platform in the global market, the usage of the lightning network on bitcoin has surpassed expectations.More than 60,000 lightning network non-cooperative channel closures were recorded, and around 6,000 BTC were spent for closure transactions.The lightning network is a

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Bitcoin Network SegWit Adoption Hits 66% After BitMEX Embraces Upgrade

More Bitcoin (BTC) transactions now use so-called Segregated Witness (“SegWit”) technology than ever before, the latest data shows. According to various resources including SegWit.Space, adoption of the protocol has reached up to 66% of all Bitcoin transactions as of Jan. 4. Two in three BTC payments now SegWitThe volume underwent a

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BitMEX Cryptocurrency Exchange Holds 0.18% of All Bitcoins in Circulation

BitMEX, the world’s largest cryptocurrency exchange by daily trading volume to date, now holds 0.18% of all Bitcoins (BTC) in circulation. In a Dec. 26 tweet, James Lopp, CTO at New York-based crypto custody startup Casa, also pointed out that BitMEX’s dedicated insurance fund has surged 62% in 2019.BitMEX holds

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BitMEX Liquidations Shows Why Bitcoin Abruptly Surged by $1,000 Overnight

Most of the liquidations that occurred on BitMEX on December 18 were short contracts. It shows that over-leveraged shorts were squeezed out, pushing the bitcoin price up so quick in a short time frame.70% of liquidations were shortsAccording to Skew Research, the overwhelming majority of bitcoin contract liquidations on BitMEX

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$300M Lawsuit Filed Against Crypto Exchange BitMEX for Concealing Investor’s Equity

One of the most prominent cryptocurrency exchanges, BitMEX, is being sued for $300 million after it allegedly did not meet its equity and stiffed an investor.According to the lawsuit filed against the crypto company by Frank Amato and RGB Coin Ltd., who were one of the first seed investors of

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Crypto Exchange BitMEX Accidentally Revealed User Information in Massive Email Leak

BitMEX, a Bitcoin mercantile exchange that also happens to be one of the largest crypto derivatives markets, might have exposed their entire userbase by forgetting to use the blind carbon copy (bcc) option in the header when sending an email to its customers about a recent update in its services.The

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