Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg’s Meta Ambitions + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Bitmex co-founder Arthur Hayes is not going to prison for violating the U.S. Bank Secrecy Act. Instead, the former crypto exchange CEO has been sentenced to “six months of home detention and two years of probation.” Hayes has agreed to pay a fine of $10 million. Bitmex’s Arthur Hayes Sentenced The U.S. Department of Justice…
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In the US, BitMEX co-founder and former CEO Arthur Hayes was sentenced to two years’ probation and will spend the first six months of his sentence in home confinement. As reported, Hayes and two other BitMEX co-founders Benjamin Delo and Samuel Reed, pled guilty to violating the Bank Secrecy Act by willfully failing to…
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Despite the imminent possibility of serving jail time, proactively owning up to the allegations resulted in Hayes being sentenced to six months of house arrest and two years of probation. Bringing closure to the long-awaited judgment related to the money laundering activities over the BitMEX crypto exchange, one of the four federal district courthouses in…
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Some of the world’s biggest banks are increasing their exposure to the digital asset market despite the recent market volatility. Is this a sign of things to come? Has there ever been a worse time to be in crypto? It depends on how you look at it. Amid Terra’s death spiral, Bitcoin (BTC) recording seven-consecutive…
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Founded in 2014, BitMEX is one of the world’s oldest crypto trading platforms, but it has never offered spot crypto trading till now. Global crypto derivatives exchange BitMEX is expanding its platform beyond just derivatives by finally launching a spot crypto trading platform. BitMEX officially announced on May 17 that its spot crypto exchange, the…
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Major crypto exchanges Coinbase and BitMEX are deploying new features to lure more customers, benefiting from users’ rising interest in direct and mobile Web3 access, and spot markets, among others. As planned, the major crypto derivatives platform, BitMEX, is introducing a new spot exchange that allows traders to buy, sell and trade cryptoassets with…
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The founders of Bitmex have been ordered to pay $30 million “for illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations.” Arthur Hayes, Benjamin Delo, and Samuel Reed must pay $10 million each. Bitmex’s Founders Fined $30 Million The Commodity Futures Trading Commission (CFTC) announced Thursday that the U.S. District Court for the…
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A New York court has ordered the three former masterminds of the BitMEX crypto exchange to fork out a combined USD 30m in “civil monetary penalties.”… Read More: Court Hands BitMEX Founders USD 30m in Fines for AML Violations Read more »Pay, Trade, Buy Bitcoin with Credit Card
The co-founder and ex-CEO of the BitMEX crypto exchange Arthur Hayes has asked a court not to give him jail time for failing to create an anti-money-laundering network on the platform – and has claimed that he will not repeat his crimes. Hayes has also sought permission to live abroad and travel freely…. Read…
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