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Square, the payments platform pioneered by Twitter CEO and Bitcoin evangelist Jack Dorsey, has purchased $50 million worth of bitcoin as part of its new investment strategy. Amounting to precisely 4,709 bitcoin, the purchase represents an aggregate 1% of the firm's total assets. "Square believes that
100x Group, holding company of embattled crypto derivatives exchange BitMEX operator HDR Global Trading Limited, has announced the replacement of CEO Arthur Hayes, following CTFC charges of money laundering and illegally operating an unlicensed exchange. Within a blog post issued earlier today, BitMEX's parent company noted that Hayes&
Samuel Reed, the former Chief Technology Officer and co-founder of Bitcoin derivatives exchange BitMEX, was released after a $5 million appearance bond had been approved by U.S. courts last week, according to court documents. Reed was required to pay a $500,000 security on the unsecured bond, the document
News - Bitcoin - Oct 10, 2020Samuel Reed, the former Chief Technology Officer and co-founder of Bitcoin derivatives exchange BitMEX, was released after a $5 million appearance bond had been approved by U.S. courts last week, according to court documents. Reed was required to pay a $500,000 security on the unsecured bond, the document
News - Bitcoin - Oct 10, 2020Square, the payments platform pioneered by Twitter CEO and Bitcoin evangelist Jack Dorsey, has purchased $50 million worth of bitcoin as part of its new investment strategy. Amounting to precisely 4,709 bitcoin, the purchase represents an aggregate 1% of the firm's total assets. "Square believes that
News - Bitcoin - Oct 08, 2020100x Group, holding company of embattled crypto derivatives exchange BitMEX operator HDR Global Trading Limited, has announced the replacement of CEO Arthur Hayes, following CTFC charges of money laundering and illegally operating an unlicensed exchange. Within a blog post issued earlier today, BitMEX's parent company noted that Hayes&
News - Bitcoin - Oct 08, 2020On October 5th, the European Union's Europol, a supernational law enforcement agency, released a report that made it clear Bitcoin and cryptocurrencies are under their purview. The report, titled the "Internet Organised Crime Threat Assessment" for 2020, covered how the internet and related technologies can be
News - Bitcoin - Oct 07, 2020The UK’s Financial Conduct Authority (FCA) has announced the final rules for a ban on the sale of cryptocurrency derivatives and exchange-traded notes (ETNs) to retail customers, which was first proposed in July 2019. Announced today, Britain’s financial watchdog said that the ban which is expected to come
News - Bitcoin - Oct 06, 2020Results of a recent survey conducted by the Cambridge Center for Alternative Finance (CCAF), the digital currency research division of the University of Cambridge, found that regulatory headwinds did little to impede the growth of the cryptocurrency sector since 2018, with user growth touching record levels instead. 189% Growth in
News - Bitcoin - Oct 05, 2020The Gibraltar Stock Exchange has listed a Canadian Bitcoin exchange-traded fund (ETF) aimed at institutional investors in the European region, as per a release shared with the BTC Times. Called “The Bitcoin Fund,” the tradeable product had previously been approved by the Ontario Securities Commission and is currently traded on
News - Bitcoin - Oct 03, 2020Users of Bitcoin derivatives platform BitMEX have withdrawn over 32,200 bitcoin (approximately $337 million at press time) following CFTC charges of anti-money laundering violations and the arrest of the firm's CTO. As a result of the allegations, anxieties boiled up over potential BitMEX asset seizures, with many
News - Bitcoin - Oct 02, 2020