Bitcoin is expected to soon see a strong breakout as the price action of the cryptocurrency tightens after the news that the U.S. CFTC is charging BitMEX. Related Reading: Ethereum Transaction Fees Surge to All-Time Highs After Uniswap Launch Bitcoin Primed to Break Out, Technical Trends Show Bitcoin’s price action has undergone extreme tightening over…
BitMEX has long been a source of polarization within the crypto industry. Despite many traders blaming it for the so-called “scam wicks” and immense volatility within the crypto markets, it remained the largest and most widely used Bitcoin trading platform. Its dominance over this fragment of the market has been waning over the past few…
Bitcoin price is currently back over $10,500, holding on after a brief crash to under $10,400 on the heels of several pieces of extremely negative news. The recent news normally would be enough to send the crypto market collapsing, highlighting just how resilient support at $10,000 has been so far. Bitcoin Price Holds Strong At…
The unthinkable just happened: Bitcoin derivatives trading platform BitMEX is being targeted by the CFTC for a variety of charges, and the company’s CTO has already been arrested related to the case. Now, the worst possible scenario could be on the horizon: The United States regulator could target Tether and parent company Bitfinex next. Here’s…
The U.S. Commodities and Futures Commission (CFTC), in conjunction with the Federal Bureau of Investigation (FBI), has charged BitMEX with failure to prevent money laundering, as well as running an illicit derivatives trading platform. Each of the two charges carries a maximum penalty of five years in prison for the accused. In connection with the…
Bitcoin price is down over 2% and it faced another rejection below $11,000 against the US Dollar. BTC remains at a risk of more losses below $10,350 and $10,250. Bitcoin is failed again to clear the main $10,950 and $11,000 resistance levels. The price is down over 2%, and it is trading below the $10,700…
Crypto derivative platform BitMEX’s struggle with the American authorities took a toll on Bitcoin and Ethereum markets. The US Commodity Futures Trading Commission on Thursday filed criminal charges against the owners of BitMEX, accusing them of facilitating money laundering and other illegal financial transactions. The news prompted derivative traders to withdraw more than $25 million…
The crypto industry was shocked to hear that the U.S. Commodities and Futures Commission (CFTC) formally charged the three co-founders of BitMEX today. This sent shockwaves throughout the entire market, while also particularly impacting the tokens within the DeFi sector. Many smaller tokens saw massive 10%+ drops on the news, which came about as investors…
Bitcoin has seen weak price action since reaching the highs of $12,500 in late August. At the start of the month, the leading cryptocurrency slipped from the year-to-date highs to a low of $9,800 as it corrected in tandem with legacy markets. Fortunately for bulls, analysis by a number of traders has indicated that BTC…
Bitcoin is tumbling lower after it was revealed that the U.S. Commodities and Futures Trading Commission (CFTC) is charging BitMEX. BitMEX is a leading crypto derivatives platform based in the Seychelles. The U.S. regulatory agency, which focuses on derivatives, was rumored to be investigating the company. In 2019, Bloomberg came out with a report suggesting…