Bitcoin 

BitMEX Email Data Leak Fallout Is Serious, Many Users Already Affected

On the first day of November, it came to light that popular crypto derivatives exchange BitMEX had accidentally leaked sensitive data related to its users, which occurred as a result of the company failing to apply a blind copy protocol to its mass mail servers. The lapse was acknowledged by the firm just a few hours later. BitMEX’s deputy chief operating officer, Vivien Khoo, released a statement saying that BitMEX had accidentally sent out a message to most of its users containing the email addresses of other users in the “to”…

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Bitcoin 

Hackers Take Over BitMEX Twitter, but Customer Funds Reportedly Safe

Hackers took over the Twitter account of cryptocurrency exchange BitMEX after the previously reported leak of customer email details on Nov. 1. The exchange claims that, although its Twitter account was hacked, all user funds are safe. “Hackers” tease individual IDs and take over BitMEX Twitter Since the update was published, hackers briefly gained control of the BitMEX Twitter account, posting two messages which were swiftly deleted. The first message read “Take your BTC and run. Last day for withdrawals,” followed by another reading simply, “Hacked.” Following this a Twitter…

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Bitcoin 

BitMEX May Have Just Leaked All of Their Users’ Emails

Crypto derivatives exchange BitMEX has accidentally leaked user emails by forgetting to use blind copy (bcc) on a mass email.  The incident was acknowledged by BitMEX in an official statement published today, Nov. 1. Cointelegraph’s editorial team in Japan have independently revealed that a staff member was the recipient of the BitMEx newsletter in question. “Outrageously incompetent” In a tweet posted on Nov. 1, crypto-focused lawyer Jake Chervinsky characterized BitMEX’s accidental public sharing of user email data as a simple error committed in the “outrageously incompetent way imaginable.” Concerned community…

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Bitcoin 

BitMEX Updates BTC Price Indices to Remove ‘Insufficient Trade Volume’

Crypto derivatives exchange BitMEX is implementing major changes to the weights of its indices later this month, according to an announcement published today, Nov. 1. The exchange says the update is a bid to ensure that users trade against a reference price that “more closely reflects the market consensus price of underlying assets.” New weightings and new index-constituent exchanges With the new indices set go live on Nov. 22, published details indicate that the most significant changes will be the inclusion of data from three new index-constituent exchanges as well…

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Blockchain 

BitMEX CEO Arthur Hayes Says Traders Could Lose Weekends, Lunch Breaks

BitMEX CEO and co-founder Arthur Hayes says traditional traders may lose their lunch breaks and weekends as digital finance is going to change everything, including workplaces. Cryptocurrencies trade 24 hours a day, seven days a week In a Sept. 19 article by Bloomberg, Hayes noted that cryptocurrencies trade 24 hours a day, seven days a week, and that this will end up affecting “everything from traditional equities, bonds and currency trading, to the way payments are processed and recorded.” The CEO of BitMex made his remarks at the Milken Institute…

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Bitcoin 

‘Get Ready for Bitcoin $20K,’ Says BitMEX CEO as Fed Panic-Prints $53B

Bitcoin (BTC) could soon shoot to $20,000 as a result of emergency measures from the United States Federal Reserve, also known as The Fed, one of the industry’s biggest firms has said. Fed echoes 2008 crisis moves In a tweet on Sept. 18, Arthur Hayes, CEO of derivatives giant BitMEX, forecast that fresh quantitative easing (QE) would further decrease faith in fiat currency. The comments come a day after the Fed swooped to decrease interest rates on some loans which reached more than 10%, or four times its target. More…

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Blockchain 

BitMEX Operator HDR Global Hires Former BNP Paribas Exec

BitMEX parent firm HDR Global Trading has hired a former executive of French banking group BNP Paribas as the group’s general counsel. 28 years of legal expertise Derek Gobel, who served at BNP Paribas for more than 19 years, will now oversee HDR Global’s legal function and help the company move forward in a constantly evolving regulatory environment, according to a blog post on BitMEX on Sept. 11. A member of the Legal 500’s 2017 GC Powerlist in China and Hong Kong, Derek will bring 28 years of experience working…

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Blockchain 

Report: BitMEX Crypto Exchange COO Steps Down

The chief operating officer (COO) at digital currency exchange BitMEX, Angelina Kwan, has reportedly stepped down. A spokesperson familiar with the matter told industry-focused media outlet The Block on Sept. 9: “We can confirm that Angelina Kwan is leaving the company and is on gardening leave now. That’s all we can say on the matter at the moment, but we wish Angelina all the best.” A veteran Hong Kong regulator Kwan — who previously covered enforcement and market supervision as part of her role as director of Hong Kong’s Securities and…

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Ethereum 

CFTC Probe of BitMEX a Result of Roubini Vs. Hayes Taipei Tangle?

Seychelles-based cryptocurrency exchange BitMEX is reportedly in trouble. Soon after Nouriel Roubini, a New York University professor of economics and anti-cryptocurrency pundit, criticized BitMEX of violating regulations, it was reported on July 19 that United States Commodity Futures Trading Commission (CFTC) is opening an investigation into BitMEX on whether it broke the law by allowing U.S. residents to trade on its platform. A day later, an additional finding by London-based blockchain data provider TokenAnalyst revealed that BitMEX has experienced major Bitcoin (BTC) outflows to the tune of $73 million after…

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Ethereum 

BTC Outflow on BitMEX Exceeded Inflow by $73M: TokenAnalyst

Bitcoin (BTC) outflows on major crypto exchange BitMEX have notably exceeded the inflows after the firm was reported to be a subject in a regulatory investigation. Bitcoin outflows on BitMEX exceeded inflows by $73 million Over the past 24 hours, BitMEX saw an outflow of $83 million worth of Bitcoin, while only $12 million came in, London-based blockchain data provider TokenAnalyst reported in a tweet on July 19. 24-hour on-chain Bitcoin flows on major exchanges. Courtesy of: TokenAnalyst Twitter While such a discrepancy appears to be abnormal in comparison with…

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