Crypto Currency

BitMEX hit with an additional penalty following its 2022 guilty plea

BitMEX fined $100M for AML violations following a guilty plea in 2022. The US court also ordered a two-year probation for the exchange. The operator of BitMEX cryptocurrency exchange, HDR Global Trading Limited, has been ordered to pay a $100 million fine following BitMEX’s guilty plea in 2022 for violating the US Bank Secrecy Act…

Published 1 year ago in
BitMEX hit with an additional penalty following its 2022 guilty plea

BitMEX fined $100M for AML violations following a guilty plea in 2022. The US court also ordered a two-year probation for the exchange. The operator of BitMEX cryptocurrency exchange, HDR Global Trading Limited, has been ordered to pay a $100 million fine following BitMEX’s guilty plea in 2022 for violating the US Bank Secrecy Act…
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Crypto Currency

Coinbase diamond hands vs Binance panic sellers — the $60,000 stress test

Bitcoin’s recent price crash towards $60,000 did more than just shave billions off market capitalizations or liquidate leveraged positions. It served as a massive, chaotic stress test that exposed a widening behavioral fracture between the two most dominant venues in the digital asset economy. On one side stands Coinbase…

Published 17 hours ago in
Coinbase diamond hands vs Binance panic sellers — the $60,000 stress test

Bitcoin’s recent price crash towards $60,000 did more than just shave billions off market capitalizations or liquidate leveraged positions. It served as a massive, chaotic stress test that exposed a widening behavioral fracture between the two most dominant venues in the digital asset economy. On one side stands Coinbase…
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Crypto Currency

Bitcoin’s 50% Drop Tests Markets as Retail Investors Continue Dip Buying

Retail investors on Coinbase continued buying dips through market volatility, even as warnings of a severe crypto winter emerged…

Published 17 hours ago in
Bitcoin’s 50% Drop Tests Markets as Retail Investors Continue Dip Buying

Retail investors on Coinbase continued buying dips through market volatility, even as warnings of a severe crypto winter emerged…
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Crypto Currency

Binance Founder CZ Urges Faster Evolution of Privacy Features in Crypto

TLDR Changpeng Zhao, founder of Binance, emphasizes that privacy is the most significant unresolved issue in the cryptocurrency industry. Zhao argues that Bitcoin and most cryptocurrencies lack adequate privacy features, leaving users vulnerable to tracking. CZ highlights that blockchain transactions are traceable, especially with KYC practices on centralized exchanges…

Published 17 hours ago in
Binance Founder CZ Urges Faster Evolution of Privacy Features in Crypto

TLDR Changpeng Zhao, founder of Binance, emphasizes that privacy is the most significant unresolved issue in the cryptocurrency industry. Zhao argues that Bitcoin and most cryptocurrencies lack adequate privacy features, leaving users vulnerable to tracking. CZ highlights that blockchain transactions are traceable, especially with KYC practices on centralized exchanges…
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Crypto Currency

Mike McGlone Forecasts Bitcoin Price Could Fall to $10,000 Amid Economic Concerns

TLDR Mike McGlone warns that Bitcoin could drop to $10,000 due to rising recession risks in the U.S. The long-standing “buy the dip” mentality may no longer support risk assets, including cryptocurrencies. McGlone highlights Bitcoin’s volatility and predicts a potential reversion to $56,000 before a possible $10,000 decline…

Published 17 hours ago in
Mike McGlone Forecasts Bitcoin Price Could Fall to $10,000 Amid Economic Concerns

TLDR Mike McGlone warns that Bitcoin could drop to $10,000 due to rising recession risks in the U.S. The long-standing “buy the dip” mentality may no longer support risk assets, including cryptocurrencies. McGlone highlights Bitcoin’s volatility and predicts a potential reversion to $56,000 before a possible $10,000 decline…
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