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Bitcoin Slips $400 as CFTC Charges BitMEX Over Derivatives Violations

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…
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Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC

Another week, another round of Crypto Tidbits. It’s been another volatile week for the Bitcoin market. In the past seven days, the leading cryptocurrency has traded at both $11,100 and $12,000, whipsawing between the levels as the price…
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Derivatives Data Shows That Even After 150% Rally, Bitcoin Is Far From Topping Out

Over the past few weeks, analysts have said Bitcoin is finally finding a local top. For the third time in a matter of months, the cryptocurrency was rejected in the $10,000 range. It was a rejection that caused many to reconsider their bullish…
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U.S. Court Files Lawsuit Against BitMEX Crypto Derivatives Exchange

A U.S. District Court has filed a lawsuit against controversial crypto derivatives exchange BitMEX. The plaintiff, BMA LLC, has accused BitMEX’s parent arm and operators of engaging in wire frauds, money laundering, and other illicit activities. The…
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Bitcoin Dives Over $500 In 20 Minutes, Liquidating $28M in BitMEX Longs

Good things don’t last forever it seems. After rallying 20% from the lows to tap $10,000, Bitcoin plunged $500 within the span of 20 minutes this hour, falling from ~$9,750 to $9,200 in that short period of time. It was an 8% reversal…
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Liquidity Crisis Continues: BitMEX Wick Reaches $8,700 on Bitcoin Futures

Last week, Bitcoin plummeted from $7,500 to $3,800 at the extreme point of the low, as a result of a coronavirus panic-induced selloff combined with a liquidity crisis and potential DDoS attack on BitMEX that created a cascade of liquidations…
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1 of BitMEX’s Most Profitable Traders Still Thinks Bitcoin Will Hit $30,000

If you’ve been on Crypto Twitter, you know of AngeloBTC, what some would call a “legendary”  Bitcoin investor. Indeed, prior to his effective retirement, he had over 3,000 BTC worth of registered notional profit on BitMEX,…
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Why Did Bitcoin’s Price Plunge 50% to $3,800 In 24 Hours?

Yesterday was undoubtedly one of Bitcoin’s worst days ever; in fact, yesterday’s 40% loss was only second to the BTC price collapse in the wake of the collapse of Mt. Gox, then the largest and most important crypto exchange. At the…
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Bitcoin Paints V-Shape Recovery after Crashing to $3.8K; More Pain Coming?

Highlights: Bitcoin plunges to $3.8K for the first time since April 2019. The cryptocurrency’s deep dive came alongside a massive liquidation spree on the BitMEX crypto exchange. The price recovered by $2,000 but left the market in further…
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Is the Bitcoin Price’s Bull Trend Intact After the 4% Flash Crash?

Wow. After days of extremely low volatility, with Bitcoin grinding higher without much downward price action, BTC suddenly dropped 4% in twenty minutes just last hour, plunging from $10,100 to $9,700 in a rapid sell-off. This move filled a CME…