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Market Fluctuates, BTC Remains Stable After Trump’s COVID Diagnosis

The market fluctuates while Bitcoin remains stable after the series of events that came crashing down on the market, from BitMEX charges to Trump’s COVID-19 diagnosis so let’s find out more our latest bitcoin news. The Bitcoin price remained steady at the $10,542 level despite the money-laundering charges against BitMEX and the TRUMP Covid-19 diagnosis. After the price drops, it still remains one of the least volatile major cryptocurrencies. Right now, the major crypto market action happens in most DeFi protocols into which the investors poured in more than $10 billion over the past 4 months. Despite the charges of…

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19% Of All BTC Stored On BitMEX Were Withdrawn After Filed Charges

19% of all BTC stored on the crypto exchange BitMEX got withdrawn by the users after the CFTC filed charges yesterday. More than $336 million worth of BTC were withdrawn from BitMEX as we are reading more in our latest Bitcoin news. The recent data shows that crypto traders had taken out their coins in a few batches, the first one of which was 23,200 BTC worth over $240 million from BitMEX in the first few hours following the developments of yesterday when the CFTC and FBI filed charges against the exchange. The substantial amount represented about 13% of all…

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Open Interest on Bitmex Drops 16%: Investors Withdraw 37,000 BTC in Less Than 24 Hours

Data from Arcane Research shows that open interest on Bitmex’s bitcoin derivatives market touched a new low of 45,122 BTC on October 1. The figure represents a 16% drop since the CFTC announced charges against Bitmex and its executives for allegedly operating an unregistered trading platform. According to Arcane Research’s post on Twitter, “the former yearly low was painted on the 30th of April when the open interest bottomed at 61,975 BTC.” The post adds that in the wake of the act CFTC, traders are “definitely closing their positions on Bitmex.” Open interest (OI) is the total number of outstanding…

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Bitmex Charged With US Rules Violations — Owners Face Criminal Charges, Prison

Cryptocurrency derivatives trading platform Bitmex has been charged with illegally operating in the U.S. Concurrently, its executives, including CEO Arthur Hayes, have been charged with violations of the Bank Secrecy Act and are facing prison sentences. One of the Bitmex founders has already been arrested. Bitmex and Owners Charged in US Federal prosecutors and the Commodity Futures Trading Commission (CFTC) independently announced parallel actions against the cryptocurrency derivatives trading platform Bitmex and its owners on Thursday. The CFTC has charged five entities and three individuals that own and operate Bitmex with “operating an unregistered trading platform and violating multiple CFTC…

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