BitMex
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💼 BitMEX’s $100 Million Lesson: Expensive Homework! 💰
Turns out skipping AML (Anti-Money Laundering) and KYC (Know Your Customer) rules can cost a fortune—$100 million, to be exact! 😅 BitMEX just learned that the hard way.
Imagine paying $100 million just because you didn’t do your paperwork. That’s like buying a Lamborghini… every day… for three years! 🚗💸
But hey, on the bright side, this shows how crypto is evolving—rules are tightening, making the space safer for serious players. 🚀✨
🤔 The Takeaway? Follow the rules, or you might end up with the most expensive “oops” ever. 😂
💬 What do you think—fair punishment or a little too harsh? Let’s hear it!
#BitMEX #CryptoNews🔒📰🚫 #ExpensiveLessons #CryptoRegulations #OopsMoment
💼 BitMEX’s $100 Million Lesson: Expensive Homework! 💰
Turns out skipping AML (Anti-Money Laundering) and KYC (Know Your Customer) rules can cost a fortune—$100 million, to be exact! 😅 BitMEX just learned that the hard way.
Imagine paying $100 million just because you didn’t do your paperwork. That’s like buying a Lamborghini… every day… for three years! 🚗💸
But hey, on the bright side, this shows how crypto is evolving—rules are tightening, making the space safer for serious players. 🚀✨
🤔 The Takeaway? Follow the rules, or you might end up with the most expensive “oops” ever. 😂
💬 What do you think—fair punishment or a little too harsh? Let’s hear it!
#BitMEX #CryptoNews🔒📰🚫 #ExpensiveLessons #CryptoRegulations #OopsMoment
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👀 BitMEX fined 100 million USD for violating anti-money laundering laws
From 2015 to 2020, BitMEX did not fully implement AML and KYC measures, allowing money laundering and illegal trading with U.S. customers. As a result, the exchange faced a 100 million USD penalty from U.S. authorities.
BitMEX's management was accused of ignoring internal compliance warnings to prioritize rapid expansion. After the fine, BitMEX restructured its compliance system, implementing stricter KYC processes, but the exchange's reputation suffered severely.
The incident underscores the determination of regulatory authorities to control the cryptocurrency industry, requiring all exchanges to strictly adhere to financial regulations.
#BitMEX #sangiaodich
From 2015 to 2020, BitMEX did not fully implement AML and KYC measures, allowing money laundering and illegal trading with U.S. customers. As a result, the exchange faced a 100 million USD penalty from U.S. authorities.
BitMEX's management was accused of ignoring internal compliance warnings to prioritize rapid expansion. After the fine, BitMEX restructured its compliance system, implementing stricter KYC processes, but the exchange's reputation suffered severely.
The incident underscores the determination of regulatory authorities to control the cryptocurrency industry, requiring all exchanges to strictly adhere to financial regulations.
#BitMEX #sangiaodich
🚨 BitMEX Fined $100 Million for AML Failures 🚨
(Today crypto news)
Cryptocurrency exchange BitMEX has been fined $100 million for failing to implement adequate anti-money-laundering (AML) and know-your-customer (KYC) programs. 💵❌ This fine, imposed on Wednesday, is much lower than the $417 million initially proposed by prosecutors.
BitMEX pled guilty to violating the Bank Secrecy Act in July and was sentenced to two years of probation in Manhattan federal court. 📜 The exchange acknowledged the fine as “old news” and assured that it had already been working on improving its user verification and AML/KYC programs before the charges. 🔒
This serves as a reminder to all exchanges to uphold strict compliance standards. ⚖️
#BitMEX #AML #CryptoNews #CryptoCompliance #CryptoIndustry
(Today crypto news)
Cryptocurrency exchange BitMEX has been fined $100 million for failing to implement adequate anti-money-laundering (AML) and know-your-customer (KYC) programs. 💵❌ This fine, imposed on Wednesday, is much lower than the $417 million initially proposed by prosecutors.
BitMEX pled guilty to violating the Bank Secrecy Act in July and was sentenced to two years of probation in Manhattan federal court. 📜 The exchange acknowledged the fine as “old news” and assured that it had already been working on improving its user verification and AML/KYC programs before the charges. 🔒
This serves as a reminder to all exchanges to uphold strict compliance standards. ⚖️
#BitMEX #AML #CryptoNews #CryptoCompliance #CryptoIndustry
🚨 #BitMEX fined an additional $100 million for violating the Bank Secrecy Act, according to the DOJ 🇺🇸
Mysterious Bitcoin Whale's Massive Accumulation Sparks Speculation. 🪙🐋
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
In the dynamic world of cryptocurrency, a mysterious Bitcoin wallet has captured the attention of enthusiasts and experts alike. This enigmatic digital wallet surfaced with a staggering 12,071 BTC, equivalent to a jaw-dropping $531 million, within a mere 30-day span, as closely monitored by Arkham Intelligence.
Birthed into existence on November 1, this wallet has been consistently receiving Bitcoin from various addresses, with the initial transactions traced back to the BitMEX exchange, adding an extra layer of intrigue to its origins.
Speculation by Lark Davis:
Lark Davis, the visionary founder of Wealth Mastery, speculates that institutional investors may be strategically positioning themselves ahead of a potential approval of a spot Bitcoin ETF. This speculation gains weight as the wallet's accumulation coincides with the SEC's engagements with notable players like Grayscale and BlackRock.
SEC Engagement and ETF Approval Expectations:
The recent formal engagements between the SEC and asset managers, as revealed in a memo, hint at a potential decision regarding the approval of a Bitcoin exchange-traded fund (ETF). Industry experts are optimistic about the launch of crypto ETFs in the U.S. early next year, creating a ripple of bullish sentiments.
Insights from Grayscale's Chief Legal Officer:
Grayscale's Chief Legal Officer, Craig, contributes to the positive momentum narrative in discussions between regulators and the cryptocurrency industry. He expresses confidence that spot Bitcoin ETFs are not a matter of "if" but "when," with key focal points for 2024 being ETF progress, the upcoming election, and ongoing legal matters enhancing regulatory clarity.
Significance of ETF Approval:
James Lavish, a crypto influencer, highlights ETF approval's crucial role in mainstream acceptance, framing Bitcoin as "digital gold." Despite regulatory doubts, he leans towards taxation as a more likely scenario.
#BTC #whale #BITMEX #ETF #ARKHAM
Bitcoin falls for $8.9k in Bitmex
Bitcoin experienced a significant correction, losing nearly 7% of its market cap within 24 hours. However, a dramatic turn occurred on the BitMEX platform where Bitcoin's price plummeted to $8,900 from $64,000 before swiftly rebounding to near $67,000. This was attributed to a large-scale sale of over 850 BTC by a market whale. BitMEX is investigating this unusual activity, reassuring that user funds remain secure and unaffected in their derivatives market.
#write2earn #trendingtopic #crypto #bitmex #bitcoin
$BTC
Bitcoin experienced a significant correction, losing nearly 7% of its market cap within 24 hours. However, a dramatic turn occurred on the BitMEX platform where Bitcoin's price plummeted to $8,900 from $64,000 before swiftly rebounding to near $67,000. This was attributed to a large-scale sale of over 850 BTC by a market whale. BitMEX is investigating this unusual activity, reassuring that user funds remain secure and unaffected in their derivatives market.
#write2earn #trendingtopic #crypto #bitmex #bitcoin
$BTC
#AurthurHayes , the former CEO of BitMEX, has forecasted a significant downturn in the cryptocurrency market, which he believes will occur around January 20. According to Hayes, the market is currently overestimating the potential impact of the incoming administration under President Trump. He argues that the crypto community has placed unrealistic expectations on Trump's ability to deliver on his promises, and when the reality sets in, it will likely result in a sharp correction across the market.
Hayes contends that the inevitable disillusionment following the inauguration will trigger a cascade of sell-offs, creating a ripple effect that causes widespread market volatility. The initial excitement and optimism surrounding Trump's presidency will give way to disappointment as investors realize that the political landscape may not align with the bullish projections many have hoped for.
Furthermore, Hayes warns that the crypto market's dependency on political figures for direction could leave it vulnerable to drastic shifts in sentiment. As market players begin to adjust to the new administration’s pace, the anticipation of promised economic reforms could fade, leading to a mass exodus from digital assets. This could result in a significant price drop, exacerbating the overall bearish trend that Hayes anticipates in the early months of 2025.
This prediction is a cautionary reminder that the cryptocurrency market remains highly sensitive to macroeconomic events and political developments. Investors, especially those heavily invested in digital assets, should be prepared for potential turbulence as the market responds to the unfolding realities of the new political environment.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust #CryptoRegulation2025
Hayes contends that the inevitable disillusionment following the inauguration will trigger a cascade of sell-offs, creating a ripple effect that causes widespread market volatility. The initial excitement and optimism surrounding Trump's presidency will give way to disappointment as investors realize that the political landscape may not align with the bullish projections many have hoped for.
Furthermore, Hayes warns that the crypto market's dependency on political figures for direction could leave it vulnerable to drastic shifts in sentiment. As market players begin to adjust to the new administration’s pace, the anticipation of promised economic reforms could fade, leading to a mass exodus from digital assets. This could result in a significant price drop, exacerbating the overall bearish trend that Hayes anticipates in the early months of 2025.
This prediction is a cautionary reminder that the cryptocurrency market remains highly sensitive to macroeconomic events and political developments. Investors, especially those heavily invested in digital assets, should be prepared for potential turbulence as the market responds to the unfolding realities of the new political environment.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust #CryptoRegulation2025
Historic 711 340000
-historic 711340000 Bitcoin (BTC) Positions Have Been Liqui
dated To Surpass 93,000 In Historic Rally - Daily Hodl Bitcoin (BTC) broke the $993,000 mark for the first time in its history on Wednesday and liquidated more than 700 million traders in the process.
According to crypto exchange data aggregator Coinglass, positions worth 711,340000 bitcoins were liquidated in the past 24 hours, while short #BTC positions suffered the most losses. Binance, the world's largest exchange, accounted for the most liquidations, followed by OKX and Bybit.
#Bitcoin has since corrected and at the time of writing is trading at 9,592,462, up 5.5% in the last 24 hours and 24% in the last week.
Some traders and analysts are predicting BTC targets as the flagship #cryptocurrency enters an apparent price rally. An analyst with the nickname Dave The Wave told his 147,000 followers on social media platform X that bitcoin is in the midst of a surge, having passed the $100,000 mark and "entering the final stage of a parabolic jump" that will end near the $130,000 level.
The technical challenges of BTC and the possible direction of the parabola...
Robert Kiyosaki, author of "Rich Dad, Poor Dad, recently revealed his plans to continue accumulating bitcoin until it exceeds 10 million pounds.
On social media platform X, Kiyosaki said that the $100,000 price point is a good place to stop saving because "now is not the time to be greedy.
Pigs get killed. Don't be a pig.
Arthur Hayes, founder of #BitMEX , said that the administration of incoming President Donald Trump will have a huge impact on quantitative easing (QE) and a weaker dollar, which could raise BTC to 1,100 million.
Read us at: Compass Investments
#GlobalCrypto
dated To Surpass 93,000 In Historic Rally - Daily Hodl Bitcoin (BTC) broke the $993,000 mark for the first time in its history on Wednesday and liquidated more than 700 million traders in the process.
According to crypto exchange data aggregator Coinglass, positions worth 711,340000 bitcoins were liquidated in the past 24 hours, while short #BTC positions suffered the most losses. Binance, the world's largest exchange, accounted for the most liquidations, followed by OKX and Bybit.
#Bitcoin has since corrected and at the time of writing is trading at 9,592,462, up 5.5% in the last 24 hours and 24% in the last week.
Some traders and analysts are predicting BTC targets as the flagship #cryptocurrency enters an apparent price rally. An analyst with the nickname Dave The Wave told his 147,000 followers on social media platform X that bitcoin is in the midst of a surge, having passed the $100,000 mark and "entering the final stage of a parabolic jump" that will end near the $130,000 level.
The technical challenges of BTC and the possible direction of the parabola...
Robert Kiyosaki, author of "Rich Dad, Poor Dad, recently revealed his plans to continue accumulating bitcoin until it exceeds 10 million pounds.
On social media platform X, Kiyosaki said that the $100,000 price point is a good place to stop saving because "now is not the time to be greedy.
Pigs get killed. Don't be a pig.
Arthur Hayes, founder of #BitMEX , said that the administration of incoming President Donald Trump will have a huge impact on quantitative easing (QE) and a weaker dollar, which could raise BTC to 1,100 million.
Read us at: Compass Investments
#GlobalCrypto
📉 Arthur Hayes predicts a massive drop
The former Bitmex CEO believes that the crypto market will crash on January 20 due to Trump’s inauguration.
📌 Hayes stated that the crypto community has placed too many expectations on the future president — Trump simply won’t be able to fulfill all his promises.
This realization, according to Hayes, will trigger a wave of sell-offs and market downturns.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust
The former Bitmex CEO believes that the crypto market will crash on January 20 due to Trump’s inauguration.
📌 Hayes stated that the crypto community has placed too many expectations on the future president — Trump simply won’t be able to fulfill all his promises.
This realization, according to Hayes, will trigger a wave of sell-offs and market downturns.
#BitMEX #Crypto2025Trends #GrayscaleHorizenTrust
🚨 #ArthurHayes Warns of Major Crypto Market Crash! 🚨
Former BitMEX CEO, Arthur Hayes, is forecasting a significant downturn in the cryptocurrency market around January 20th, 2025. 📉 Hayes believes the market is overestimating the impact of President Trump’s administration, with unrealistic expectations about his ability to deliver on promises. 😬
He argues that the inevitable disillusionment after the inauguration will trigger a wave of sell-offs, leading to widespread volatility. The initial excitement surrounding Trump’s presidency will quickly fade, as investors realize the political landscape may not align with the bullish projections many had hoped for. ⚡
Hayes also warns that the crypto market’s dependency on political figures for direction makes it vulnerable to drastic shifts in sentiment. As promised economic reforms fade, it could cause a mass exodus from digital assets, intensifying the bearish trend he predicts for the first months of 2025. 🚨
This is a reminder that the crypto market remains highly sensitive to macroeconomic events and political developments. If you’re heavily invested in digital assets, get ready for potential turbulence as the new political reality sets in. 🌪️
#BitMEX #GrayscaleHorizenTrust #CryptoRegulation2025 #MarketCrashAlert
Former BitMEX CEO, Arthur Hayes, is forecasting a significant downturn in the cryptocurrency market around January 20th, 2025. 📉 Hayes believes the market is overestimating the impact of President Trump’s administration, with unrealistic expectations about his ability to deliver on promises. 😬
He argues that the inevitable disillusionment after the inauguration will trigger a wave of sell-offs, leading to widespread volatility. The initial excitement surrounding Trump’s presidency will quickly fade, as investors realize the political landscape may not align with the bullish projections many had hoped for. ⚡
Hayes also warns that the crypto market’s dependency on political figures for direction makes it vulnerable to drastic shifts in sentiment. As promised economic reforms fade, it could cause a mass exodus from digital assets, intensifying the bearish trend he predicts for the first months of 2025. 🚨
This is a reminder that the crypto market remains highly sensitive to macroeconomic events and political developments. If you’re heavily invested in digital assets, get ready for potential turbulence as the new political reality sets in. 🌪️
#BitMEX #GrayscaleHorizenTrust #CryptoRegulation2025 #MarketCrashAlert
In the past 24 hours , 139,299 traders were #liquidated , the total liquidations comes in at $343.37 millionThe largest single liquidation order happened on #Bitmex - XBTUSD value $2.91M
🚨 Another Crypto Crash Coming?! 🗿🗿 Arthur Hayes’ Bold Prediction for January 2025 🚨
Arthur Hayes, Co-Founder of BitMEX, has made waves with a controversial prediction: the crypto market could crash on January 20, 2025, the day Donald Trump is inaugurated as US President. But why does Hayes think this? 🤔
🔍 Here’s Why He Believes a Crash is Possible:
1️⃣ Profit-Taking After a Rally: After a big surge in crypto prices, major investors may cash out, causing a sharp pullback 📉.
2️⃣ No Immediate Bitcoin Reserves: Hayes is skeptical that the US government will immediately implement Bitcoin as a strategic reserve, which could lead to a lack of institutional support 💼.
3️⃣ Trump’s Dollar Strategy: As President, Trump is expected to focus on devaluing the dollar against gold to boost US manufacturing, which might create turbulence for digital assets 🏦.
🚨 Is This The Beginning of Another Crash?
Hayes is making some bold assumptions, but remember — this is just a prediction, not a certainty! The future of crypto remains volatile, and anything could happen. 🌪️
🔮 What Do You Think?
Will Trump’s inauguration trigger the predicted crash? Or is it all just speculation? Drop your thoughts below! 👇
#Binance #CryptoCrash
#ArthurHayes
#BitMEX
#CryptoPrediction
#DonaldTrump #DYOR #CryptoVolatility #Bitcoin
Arthur Hayes, Co-Founder of BitMEX, has made waves with a controversial prediction: the crypto market could crash on January 20, 2025, the day Donald Trump is inaugurated as US President. But why does Hayes think this? 🤔
🔍 Here’s Why He Believes a Crash is Possible:
1️⃣ Profit-Taking After a Rally: After a big surge in crypto prices, major investors may cash out, causing a sharp pullback 📉.
2️⃣ No Immediate Bitcoin Reserves: Hayes is skeptical that the US government will immediately implement Bitcoin as a strategic reserve, which could lead to a lack of institutional support 💼.
3️⃣ Trump’s Dollar Strategy: As President, Trump is expected to focus on devaluing the dollar against gold to boost US manufacturing, which might create turbulence for digital assets 🏦.
🚨 Is This The Beginning of Another Crash?
Hayes is making some bold assumptions, but remember — this is just a prediction, not a certainty! The future of crypto remains volatile, and anything could happen. 🌪️
🔮 What Do You Think?
Will Trump’s inauguration trigger the predicted crash? Or is it all just speculation? Drop your thoughts below! 👇
#Binance #CryptoCrash
#ArthurHayes
#BitMEX
#CryptoPrediction
#DonaldTrump #DYOR #CryptoVolatility #Bitcoin
BitMEX Launches New Memecoin Index
BitMEX, a leading cryptocurrency exchange, has unveiled a novel tool for investors.The MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This unique product allows traders to gain exposure to the top ten memecoins via a single contract, streamlining what has traditionally been a complex trading process. The product is akin to a memecoin version of the S&P 500 index, providing a comprehensive solution for enthusiasts. The MEMEMEXTUSDT index is designed based on the weighted average price of the top ten memecoins by market capitalization. To ensure its accuracy and relevance, the index components will undergo monthly rebalancing. This USDT-margined linear perpetual swap offers up to 25x leverage, allowing investors to manage risks and maximize potential returns effectively. In its press release, BitMEX likened the MEMEMEXTUSDT contract to the S&P 500, suggesting it offers a similar all-encompassing investment solution but tailored for the memecoin market. The contract aims to enhance liquidity, making it easier and cost-effective for traders to execute transactions. This feature is particularly advantageous in the often-volatile memecoin market, where liquidity can be scarce.
To celebrate the launch, BitMEX is offering a reward pool of up to $10,000 in USDT for traders using the MEMEMEXTUSDT contract. The top-performing traders will share this reward, providing an additional incentive for early adopters.
#bitmex #SOFR_Spike #US_Job_Market_Slowdown #Megadrop #BinanceTournament
BitMEX, a leading cryptocurrency exchange, has unveiled a novel tool for investors.The MEMEMEXTUSDT Basket Index Perpetual Swap Contract. This unique product allows traders to gain exposure to the top ten memecoins via a single contract, streamlining what has traditionally been a complex trading process. The product is akin to a memecoin version of the S&P 500 index, providing a comprehensive solution for enthusiasts. The MEMEMEXTUSDT index is designed based on the weighted average price of the top ten memecoins by market capitalization. To ensure its accuracy and relevance, the index components will undergo monthly rebalancing. This USDT-margined linear perpetual swap offers up to 25x leverage, allowing investors to manage risks and maximize potential returns effectively. In its press release, BitMEX likened the MEMEMEXTUSDT contract to the S&P 500, suggesting it offers a similar all-encompassing investment solution but tailored for the memecoin market. The contract aims to enhance liquidity, making it easier and cost-effective for traders to execute transactions. This feature is particularly advantageous in the often-volatile memecoin market, where liquidity can be scarce.
To celebrate the launch, BitMEX is offering a reward pool of up to $10,000 in USDT for traders using the MEMEMEXTUSDT contract. The top-performing traders will share this reward, providing an additional incentive for early adopters.
#bitmex #SOFR_Spike #US_Job_Market_Slowdown #Megadrop #BinanceTournament