Cryptocurrency News Today TheBitTimes.com

Amidst the ongoing volatility in the crypto currency market, the industry was hit with yet another news. Prominent crypto currency exchange, BitMEX entered a guilty plea for breaking the Bank Secrecy Act [BSA]. This was made public by the U.S. Department of Justice [DOJ] in a recent release. According to a statement from the Southern District of New York U.S. Attorney, BitMEX deliberately neglected to create, carry out, and uphold a sufficient anti-money laundering policy. The crypto currency exchange did not set up a stringent know-your-customer [KYC] program either. BitMEX failed to do so between September 2015 and September 2020. Right around this time, four exchange workers were accused of breaking the BSA by the DOJ. The DOJ is not the only one after BitMEX. The Commodities Futures Trading Commission [CFTC] previously accused the exchange of providing illegal crypto currency derivative trading services to U.S. consumers. Damian Williams, the US Attorney for the Southern District o...

Crypto exchanges looking to capitalize off the Arbitrum airdrop fever have launched IOU and derivatives for ARB, an early sign of the excitement that will unfold on March 23. Developers from the Arbitrum Foundation announced the launch of Arbitrum DAO and its native governance token, ARB, on March 16. Eligible users and developers will receive 12.75% of the token’s total supply of 10 billion on March 23, when the token will be deployed.  Speculation around ARB began soon after the token launch announcement on OTC desks, derivatives exchanges and spot exchanges via IOUs (I Owe You). ARB tokens gain steam in pre-launch trading BitMEX launched the Derivatives contract for ARB June futures on Monday around 11 p.m. EST. The futures contracts were trading at around $1.30 at the time of writing, implying that traders are betting that ARB’s price will be near this amount by June’s end. The futures contract allows speculators to bet on the token’s price and Arbitrum airdrop receivers to hedge ...

Public Bitcoin miners sold off nearly everything they mined in 2022 but appear to have started accumulating reserves once again in what some hope is a bullish signal. Publicly listed Bitcoin (BTC) miners sold off almost 100% of all the Bitcoin they mined throughout 2022, leading to a debate over whether the sales created "a persistent headwind" for the Bitcoin price or not. Analyst Tom Dunleavy from blockchain research firm Messari shared the data in a Dec. 26 tweet which indicated that approximately 40,300 of the 40,700 BTC mined by Core Scientific, Riot, Bitfarms, Cleans Park, Marathon, Hut8, HIVE, Iris Energy, Argo and Bit Digital from Jan. 1 to Nov. 30 was sold off. BTC miners sell roughly 100% of the coins they mine The 10 public bitcoin miners detailed here mined ~40.7k BTC and sold ~40.3k in 2022 This is a persistent headwind for BTC and for no other reason a good thesis to be bullish the ETHBTC ratio trade pic.twitter.com/L1iI6Z07p7 — Tom Dunleavy (@dunleavy89) Decem...