August 10, 2021

BitMEX Settles Charges With CFTC and FinCEN: Agrees to Pay $100 Million

After a 10-month long regulatory battle with United States financial watchdogs, leading cryptocurrency derivatives exchange BitMEX has agreed to settle and will pay a fine worth millions of dollars. As confirmed by the exchange today, BitMEX has reached a $100 million resolution with the two U.S. regulators – the Commodity Futures Trading Commission (CFTC) and...
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Different Approach: VanEck Files for a Bitcoin Strategy ETF with The SEC

The global investment management company VanEck has filed again for a Bitcoin Strategy exchange-traded fund (ETF). The US firm has tried several times in the past few years but the SEC is yet to approve a single BTC ETF. New York-based investment firm VanEck submitted an application to the SEC to roll out a BTC...
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Crypto is changing, and BitMEX is changing with it

A message from Alexander Höptner, CEO of BitMEX Today, we are happy to announce that we have reached a resolution with the CFTC and FinCEN. This marks a new chapter for BitMEX.  I’m quoted in our company statement, but I think it’s worth adding some further perspective on why this is a tremendous step in...
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BitMEX confirms it has reached settlements with CFTC and FinCEN

(Please click here to read a blog by CEO Alex Höptner regarding the resolution) BitMEX has today confirmed that it has reached a resolution with both the United States Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN) in relation to investigations by both agencies. BitMEX agreed to pay as much as US$100...
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Cardano Founder Charles Hoskinson Calls For Mass Rally Against U.S. Crypto Taxation Bill

Charles Hoskinson, Cardano’s founder and CEO of blockchain research company Input Output Hong Kong (IOHK), has urged the U.S. crypto community to rally against the recently proposed taxation policy. Hoskinson first took it to Twitter earlier this week, calling on digital asset proponents in the U.S. to rally in Washington DC to vent their grievances...
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TRON Launches $300 Million Fund for GamiFi Projects

With the increasing interest in blockchain gaming, the popular blockchain platform, TRON, has recently announced the launch of a new $300 million fund dedicated to supporting GameFi projects. TRON Launches $300M Fund to Support Game Developers In a press release shared with CryptoPotato, TRON noted that the fund dubbed TRON Arcade was launched in collaboration...
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DAO-led DeFi Hub NearPad Announces $2M Seed Raise 

[PRESS RELEASE – Please Read Disclaimer] NearPad, the DeFi hub on NEAR’s layer 2 protocol – Aurora, has announced the successful close of its $2m seed round. The raise was led by NGC with participation from leading backers in the blockchain space including NEAR Foundation, OWC, Ellipti, LD Capital, Flow Ventures, Genblock Capital, Exnetwork, and...
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Biggest DeFi Hack? PolyNetwork Exploited for $600M in ETH, BNB, and USDC

The interoperability protocol PolyNetwork has been exploited on Binance Smart Chain, Polygon, and Ethereum. The perpetrators have set a record within the decentralized finance space by swiping more than $600 million from at least three wallet addresses.  Earlier on August 10th, PolyNetwork announced on its Twitter account that it had experienced a security breach.   Important...
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Bitcoin Price Facing Vital Resistance As Golden Cross Expected On 13th August!

Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins...
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European Soccer Giant AC Milan Signs BitMEX as First-Ever Official Sleeve Partner

BitMEX has collaborated with AC Milan and will become the soccer team’s Official Sleeve Partner and the Official Cryptocurrency Trading Partner. After the partnership, the logo of the derivatives exchange will be featured on the sleeve of the men’s and women’s playing kit.  According to the announcement from August 10th, BitMEX and AC Milan have...
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Relite Finance Calls for the NFT Artists with a $5K Non-fungible Token Contest 

Relite Finance, a decentralized cross-chain lending protocol, has signaled an intention to adopt a crafted design for its exclusive NFT series, empowered with extensive utility functionality. Therefore the team behind the project is calling NFT Artists and graphic designers to collaborate on the unique appearance for the upcoming non-fungibles release. As stated on their website,...
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AMC Theatres to Accept Bitcoin Payments by the End of 2021

The large US movie theatre chain, AMC Theatres, will add bitcoin as a payment option by the end of the year, said the organization’s CEO Adam Aron. Thus, the number of global brands adopting BTC keeps growing after the recent announcements from Philipp Plein, Sheetz, Quiznos, and more.  Founded in 1920, AMC Entertainment Holdings is...
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BitMEX Teams Up With AC Milan As Its First-Ever Sleeve Partner

Today, we are thrilled to announce our multi-year partnership with world-renowned football club AC Milan. This will make BitMEX AC Milan’s first-ever Official Sleeve Partner and the Official Cryptocurrency Trading Partner of the Rossoneri. Our sponsorship extends to both the men’s and women’s teams, as well as the Rossoneri’s eSports team – AQM. The BitMEX...
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Analysts Eye Bitcoin Supply Squeeze as Price Taps $47K

A few hours ago during early trading in Asia, Bitcoin prices tapped $47,200 according to Tradingview. It is the highest the asset has changed hands for since May 15. The move has built upon the momentum that began in late July when BTC broke out of its range-bound channel to the upside. At the time...
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AXSUSDT Quanto Perpetual Contract – Live Now On BitMEX

Introducing our newest listing – the AXSUSDT Quanto Perpetual Swap.  With up to 20x leverage available, the AXSUSDT Perpetual Swap contract went live at 04:00 UTC on 10 August 2021 and is available to trade on BitMEX now. It’s a great time to be on BitMEX, with excellent platform performance alongside top tier liquidity and...
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Italian Scammers Sell Fake COVID-19 Health Passes on Telegram for Cryptocurrency

The Italian authorities shut down 32 Telegram groups that offered fake COVID-19 passes to thousands of people. The criminals preferred cryptocurrency payments for the illegal service. Cryptocurrencies in Exchange for a Green Pass According to a recent report by Reuters, the Italian police halted the operation of several groups on the online messaging application Telegram....
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