BitMex

Bitmex Settles for $100M in Money-Laundering Case After DOJ Allegedly Demanded $420M

January 15, 2025 Bitcoin.com

bitcoin.com

Bitmex has been ordered to pay a $100 million fine after a protracted legal battle stemming from violations of U.S. money-laundering regulations. Bitmex Hit with Additional $100 Million Fine Over Bank Secrecy Act Breach In July 2024, HDR Global Trading Limited, the operator behind the Bitmex exchange, admitted guilt in contravening the U.S. Bank Secrecy […]

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Judge orders BitMEX to pay $100M fine over US banking law violations

January 15, 2025 Coin Telegraph

BitMex

BitMEX has been hit with an additional financial penalty following its 2022 guilty plea for violating the US Bank Secrecy Act.

A federal judge has sentenced HDR Global Trading Limited, also known as the parent company of cryptocurrency exchange BitMEX, to two years of unsupervised probation and a $100 million fine.

In a Jan. 15 hearing in the US District Court for the Southern District of New York, Judge John Koeltl passed down the sentence against BitMEX, roughly six months after the crypto exchange pleaded guilty to violating the US Bank Secrecy Act by operating without “any meaningful” Anti-Money Laundering program. The crypto firm called the charges “old news” in July 2024, suggesting at the time it expected no additional fines.

In a statement to its users after the judgment, BitMEX said: 

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court

December 19, 2024 The Daily Hodl

Bitcoin

A man who claims to be the creator of Bitcoin (BTC) has been declared in contempt of court in the UK. Australian computer scientist Craig Wright has been handed a one-year sentence, suspended for two years, for filing a $1.2 trillion lawsuit against the payments firm Block. The judge says Wright violated a previous court […]

The post Self-Proclaimed Bitcoin Creator Craig Wright Declared in Contempt of Court appeared first on The Daily Hodl.

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‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research

November 18, 2024 The Daily Hodl

Bitcoin

Michael Saylor and MicroStrategy’s system of issuing bonds to buy Bitcoin (BTC) comes with substantial risk, according to BitMEX Research. In a new report, BitMEX comments on the business intelligence firm’s massive corporate holding of Bitcoin, which it has largely accumulated by issuing debt. While a forced liquidation is “highly unlikely,” BitMEX notes that Bitcoin […]

The post ‘Infinite Money Glitch’ Putting MicroStrategy at Risk of Liquidation, According to BitMEX Research appeared first on The Daily Hodl.

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

Arthur Hayes Says This Altcoin Is His Top Pick Ahead of US Election, Predicts the Crypto Asset Will Outperform

November 1, 2024 The Daily Hodl

Altcoins

BitMEX founder Arthur Hayes is naming an altcoin he thinks will outperform the rest ahead of the upcoming US presidential election. In a new interview on the Unchained YouTube channel, the crypto veteran says he’s interested in trading Ethereum (ETH) rival and smart contract platform Solana (SOL) because he believes it will jump in price […]

The post Arthur Hayes Says This Altcoin Is His Top Pick Ahead of US Election, Predicts the Crypto Asset Will Outperform appeared first on The Daily Hodl.

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

Arthur Hayes Predicts Bitcoin Boom Amid Middle East Tensions and Inflation

October 18, 2024 Bitcoin.com

Arthur Hayes

Former Bitmex CEO Arthur Hayes sees a bitcoin bull market on the horizon, driven by soaring energy prices and rampant inflation as Middle East tensions escalate. He argues that rising costs will send BTC’s value surging in fiat terms, with newly printed dollars flooding the market. But while bitcoin’s future looks bright, Hayes warns investors […]

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

BItMEX Founder Arthur Hayes Says Next Presidential Administration Irrelevant for Crypto – Here’s Why

September 25, 2024 The Daily Hodl

Arthur Hayes

BitMEX founder Arthur Hayes says it doesn’t matter to the crypto industry who wins the upcoming presidential election. Speaking at the Token 2049 event in Singapore, the Maelstrom CIO says that he doesn’t believe Republican presidential candidate Donald Trump is being genuine when espousing pro-crypto stances. “I don’t understand why crypto bros and gals are […]

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

Arthur Hayes: Bitcoin Could Slip to $50,000 — Altcoins Could Dive ‘Into the Gutter’

September 4, 2024 Bitcoin.com

Altcoins

Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto. Arthur […]

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Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates

September 1, 2024 Bitcoin.com

Arthur Hayes

Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that while inflation may negatively impact some businesses, it would benefit […]

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?

Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M

August 14, 2024 Bitcoin.com

$1 million

Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth in bitcoin and broader financial markets. Arthur Hayes Predicts Bitcoin Surge […]

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MIND of Pepe Presale Hits $2M – Next Big AI Agent Crypto?