Bitcoin Businesses

Europeans Trade Bitcoin Futures the Most on BitMEX: Data

In the past month, European business hours became extremely active for bitcoin futures trading on BitMEX futures.  European Traders Pick Up the Slack on BitMEX New data shows European bitcoin traders became active in the past month, making up the bulk of volumes on the BitMEX  XBT/USD perpetual contract. European hours have been the most...
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Bitcoin Exchange BitMEX Sued for $300 Million by Early Investor

Bitcoin and crypto derivatives behemoth BitMEX is being sued for $300 million for providing false equity information to a couple of early investors.  According to recent reports, BitMEX is in hot soup, and so is the exchange’s founder, Arthur Hayes. The bitcoin futures company and its founder are facing a $300 million lawsuit, which accuses...
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Kraken: Keepkey Crypto Hardware Wallet Has an Alarming Flaw

Crypto practitioners who depend on Keepkey hardware wallets to store their coins ought to take a pledge of not discussing it in public. Kraken Warns Crypto Users The warning appears on Kraken’s latest blog post wherein it discusses a serious flaw in all of the Keepkey hardware wallets. The US exchange’s security research wing claims...
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SEC Overstock Investigation ‘Almost Dormant’ Says CEO After Byrne Exit

Overstock is still in the dark about the investigation US regulators launched into tZERO back in 2018, says the company’s new interim CEO. Johnson: No SEC Info Since 2018 Speaking to FOX Business in an interview reported on September 3, Jonathan Johnson said he was still waiting for information from the Securities and Exchange Commission...
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Bitcoin Price ‘Two-Steppin’ to $20K’: BitMEX CEO Hayes Returns

Bitcoin price trajectory is heading back to $20,000, BitMEX CEO Arthur Hayes has said as he returns to the spotlight after a month-long absence. Hayes Emerges For Conference In a tweet on September 3, Hayes, who at the start of August said he was abandoning public life, will attend the Invest Asia conference in Singapore...
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Binance Will Pay Users $220K To Test Its Bitcoin Futures Platforms

Cryptocurrency exchange Binance is planning to pay users to decide how its new Bitcoin futures trading platform should operate. Binance: Two Platforms, 100,000 BNB In a blog post issued on September 2, the exchange said it had created two standalone versions of a futures trading platform, and would select the final option via a user...
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QuadrigaCX Update: Accountants Petition to Move Case to Toronto

Court proceedings against defunct Canadian Bitcoin exchange QuadrigaCX will focus on people in Ontario, say liquidators. EY: ‘Few Ties’ Keep Bitcoin Case In Nova Scotia In a court document filed this week, Ernst & Young (EY), the accounting giant acting as the exchange’s bankruptcy trustee, petitioned for a relocation of their case. Currently taking place...
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BitMEX Owns 0.15% Of Bitcoin Supply As Insurance Fund hits $324M

Cryptocurrency derivatives giant BitMEX now controls 0.15% of all the bitcoins in circulation, new data from the company reveals.  BitMEX Expands Fund By 50% Since January Compiled by industry media outlet The Block, a chart of BitMEX’s Insurance Fund shows its stock has reached 31,300 BTC as of August 25. That figure is the largest...
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BitPay Under Fire For Rejecting $100K Bitcoin Amazon Rainforest Donation

A blocked Bitcoin donation to help the fight against the Amazon Rainforest fires has become the latest publicity headache for BitPay. BitPay Fails To Resolve BTC Freeze According to a social media exchange on August 23, the embattled cryptocurrency payment processor is facing fresh criticism after it failed to allow a $100,000 Bitcoin 00 donation...
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Bitcoin Exchange Must Give US Documents As Lawsuit Grinds On

Bitcoin exchange Bitfinex must provide documents to US authorities after a New York judge ruled against its request to dismiss a lawsuit against it. Judge U-Turns On Bitcoin Exchange Protection According to a filing dated August 19, the Supreme Court of the State of New York moved against Bitfinex and its sister company, stablecoin issuer...
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BitMEX Blocks Services in Three Countries amid CFTC Probe

Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision...
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