In the aftermath from yesterday's Bitcoin Cash (BCH) hard fork, both opposing camps in the so-called "hash war" are mining at a hefty loss, according to a tweet from the research arm of Hong Kong-based crypto derivatives platform BitMEX today, Nov. 16. On Nov. 5, BitMEX Research announced it would be launching a network monitoring tool for both Bitcoin (BTC) and Bitcoin Cash (BCH), specifically in preparation for the widely-anticipated BCH hard fork Nov. 15. As previously reported, disagreements over a proposed network upgrade have split the BTH community into opposing factions, resulting in an intense "hash war" between miners. …
The research arm of major Hong Kong-based cryptocurrency derivatives platform BitMEX announced it had launched a network monitoring tool for Bitcoin (BTC) and Bitcoin Cash (BCH) in a blog post Nov. 5. BitMEX described the new resource, ForkMonitor.info, as “useful for monitoring the situation during network upgrades (softforks or hardforks), as well as being potentially useful in helping to detect unintentional consensus bugs.” ForkMonitor is connected to “several” nodes on both the Bitcoin and Bitcoin Cash networks. BitMEX’s release is explicitly times to coincide with an upcoming hard fork of Bitcoin Cash, scheduled for Nov. 15. Today’s blog post notes, …
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Bitcoin (BTC) turned ten on Oct. 31, but there were no fireworks to mark the celebrations: the cryptocurrencies continue to trade in a tight range. Arthur Hayes, CEO of BitMEX, believes that the current period of low volatility can remain for another 12 to 18 months and can drag the price of the …
The CEO of major crypto derivatives platform BitMEX, Arthur Hayes, has said he believes the crypto winter could last 18 months, in an interview with Yahoo Finance UK Oct. 31. Hayes – an ex-Deutsche Bank and Citi trader who co-founded Seychelles-registered BitMEX back in 2014 -– said that “based on previous experience,” the low volatility and volume trading climate could “persist for another 12 to 18 months,” continuing: “I started in bitcoin in 2013 when the price went from $250 to $1,300 and then 2014 to 2015 was sort of the nuclear bear market. Price crashed, volume crashed — very, …
Hong Kong’s securities and futures commission (SFC) is planning to introduce crypto regulation to protect investors, the SFC chairman told Hong Kong English-language newspaper the South China Morning Post (SCMP) Monday, Oct. 15. Chairman Carlson Tong Ka-shing — who will pass his position in the SFC to Tim Lui Tim-leung on Oct. 19 — said in an interview that the watchdog is not considering a ban on cryptocurrency platforms as the Chinese mainland has done, adding that they don’t think that a total ban is “necessarily the right approach”: “It will not work in today’s internet world when trading can …
Initial Coin Offerings (ICOs) have almost broken even on funds sold versus funds they raised, new research by Hong Kong cryptocurrency trading platform BitMEX revealed Monday, October 1. The findings, compiled in partnership with crypto analytics resource TokenAnalyst, further suggested that despite Ethereum’s (ETH) price decline in 2018, ICO projects still had $93 million in “unrealized profits.” Further, the research states, net profits “realized” by ICOs that successfully closed comes to $727 million. “[R]ather than suffering because of the recent fall in the value of Ethereum, at the macro level, the projects appear to have already sold almost as much …
July 20: Bitcoin (BTC) has split off from other top cryptocurrencies and shows markedly more resilience in holding on to gains secured in the major upswing that kicked off earlier this week. Market visualization from Coin360 As Coin360 data shows, the top coin is an island of green, while most major alts are struggling to maintain positive momentum. Bitcoin (BTC) is trading around $7,398, up a fraction of a percent over the 24 hour period to press time. The leading cryptocurrency has been trading sideways as of early trading hours July 18, following an impressive uptick on July 16 that …
Arthur Hayes, CEO of crypto trading platform BitMEX, has suggested Bitcoin’s current bull run may give way to a price point of $5,000 before heading to $50,000 in 2018, CNBC reports July 19. Commentators have been scrabbling for explanations since Wednesday, July 17, when Bitcoin’s price jumped from $6700 to $7500 in under an hour. For Hayes, however, the behavior is all too familiar, siding with bearish short-term predictions from the likes of trading guru Tone Vays who previously forecast Bitcoin “bottoming” at around $4950. According to Hayes, whose platform also regularly releases market analyses and research, despite this week’s …
Co-founder of BitMEX crypto exchange and an Oxford graduate Ben Delo has become Britain’s youngest self-made billionaire, Daily Mail reports July 2. Aged 34, Delo, who founded BitMEX in 2014, told Daily Mail that he used to spend 18 hours a day to build his platform. His work has apparently paid off, as BitMEX is currently one of the largest crypto exchanges in the world with a daily trade volume of around $2 billion, according to data from Coinmarketcap. “I have had my nose down in a start-up for the past four years. I was doing 18-hour days at one …
Bitmex Research released an in-depth report on Tether today, Feb. 19, detailing the reasons why Tether is most likely backed by sufficient fiat reserves after all, and what problems with regulatory bodies Tether will most likely encounter in the future. Tether is a digital token backed by fiat currency, supposedly pegged 1:1 with the US dollar. Due to Tether’s lack of enough publically released bank audits, there are rumors that Tether does not actually have enough fiat in reserves to redeem all Tether tokens with US dollars if the need would arise. The Bitmex report attempts to refute those rumors …