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The picture is getting clearer for BitMEX co-founder Arthur Hayes. The judge called what he did “a willful violation of the Bank Secrecy Act,” but he still got two years probation. Hayes will serve the first six months of that sentence in home confinement, but that’s it. The banker and
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Hayes and his BitMEX co-founders, Samuel Reed and Ben Delo, as well as the company’s first employee, Gregory Dwyer, were initially charged in Oct. 2020 with one count each of violating the Bank Secrecy Act (BSA), and another of conspiring to do so. Original Source
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Hayes and his BitMEX co-founders, Samuel Reed and Ben Delo, as well as the company’s first employee, Gregory Dwyer, were initially charged in October 2020 with one count each of violating the Bank Secrecy Act (BSA), and another of conspiring to do so. Original Source
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Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform.BitMEX officially announced on May 17 that its spot crypto exchange, the BitMEX Spot Exchange, is now live, allowing retail and institutional investors to buy, sell and trade cryptocurrencies like Bitcoin
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BitMEX, one of the longest-running crypto futures exchange, has pushed its spot markets live. Original Source
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Arthur Hayes and his BitMEX co-founders must each pay a $10 million fine, but contesting the case against them might have clarified which financial regulatory agency should have primary oversight of cryptocurrencies; a tough weekend for cryptos. Original Source
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The U.S. District Court for the Southern District of New York has ordered a total of $30 million civil monetary penalties from the three co-founders of BitMEX crypto derivatives exchange, including former CEO Arthur Hayes.Hayes, Benjamin Delo, and Samuel Reed were each fined $10 million in consent payments according to
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A federal judge ordered the three co-founders of BitMEX to pay $30 million total for operating an illegal cryptocurrency derivatives platform and violating money-laundering rules, the Commodity Futures Trading Commission said Thursday. Source
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Summary: Arthur Hayes has forecasted that Bitcoin could get to $1 million and Gold to $10,000 to $20,000 by the end of the decade Mr. Hayes’ forecast of Bitcoin and Gold is based on an event he describes as ‘the Doom Loop’ The Doom Loop is when the US Federal Reserve starts to
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Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market towards $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin edges towards $40,000Data from Cryptox Markets Pro and TradingView showed last week's downtrend gathering pace Monday after a disappointing weekly close.The calm weekend thus
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