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100x Group, the holding group for HDR Global Trading Limited, owner and operator of the embattled BitMEX cryptocurrency derivatives platform, named Alexander Höptner as the new chief executive officer, effective in January 2021.This story is developing and will be updated when more information is available. Source
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In October, the Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice (DOJ) filed enforcement actions against the entities and individuals that own and operate the Bitcoin Mercantile Exchange (BitMEX), a trading platform for cryptocurrency derivatives. The CFTC alleges that since 2014 BitMEX has operated an unregistered trading platform
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The top officers of HDR, the parent company of crypto trading platform BitMEX, which has been charged with facilitating unregistered trading and other violations, systematically looted $440,308,400 from HDR accounts, a civil lawsuit claims. HDR denied the original charges at the time they were brought. Source
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BitMEX plans to offer futures contracts for DeFi projects Yearn.finance (YFI), Polkadot (DOT), and Binance Coin (BNB).The Seychelles-based BitMEX exchange said via its blog post on Friday that it plans to launch three new Altcoin/USDT underlying quanto futures contracts. Yearn.finance (YFI) – an Ethereum-based token governing the Yearn.finance platform —
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BitMEX is soon to offer futures contracts for DeFi project yearn.finance (YFI), Polkadot (DOT) and Binance coin (BNB). Source
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Leading crypto derivatives platform BitMEX has continued to support new cryptocurrencies after promising to do so earlier this
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BitMEX, which has been charged by the U.S. government and a regulator with facilitating unregistered trading, has accelerated its mandate for all customers to verify their identities by Nov. 5, three months earlier than its original deadline of early February.Stronger identity verification requirements is an industry trend, said Ben Radclyffe,
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After the BitMEX enforcement action, are other noncompliant exchanges on the CFTC's radar? "Maybe," said Chairman Heath Tarbert.In an appearance Wednesday, the regulator largely deferred to his colleagues at the SEC on the question of whether ether in a proof-of-stake version of Ethereum would be a security or a commodity.He
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BitMEX, the cryptocurrency derivatives exchange recently charged by U.S. authorities for offering illegal trading services, has hired a compliance veteran. Source
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The timing couldn’t be better for regulation-focused trading platform Qume, which unveils a revamped set of services Monday. Even in its soft-launch phase, the derivatives exchange has been mopping up customers in the wake of U.S. charges against BitMEX.“We’ve seen an uptick in users with about 2,000 customer sign-ups in
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