Bitmex news

A cryptocurrency trading platform with leverage trading available.

World latest news

BitMEX vs Binance – Hayes and Zhao Locked in a Twitter War Over Claims of Innovation

Earlier today, Binance CEO, Changpeng Zhao, also known as CZ, announced on Twitter that someone had tried to attack the Binance futures platform. CZ declared the attempt unsuccessful because Binance futures’ liquidation was tied to index price and not futures price. He also claimed that tying liquidation to index price and not futures price was Binance’s innovation. However, the false claim did not go unnoticed and BitMEX CEO, Arthur Hayes trolled CZ in a rather sarcastic tweet.  Arthur Is Teaching “Copy-Pasting” In Singapore And Wants To Enrol CZ In what could be described as the most savage retort of the day in the crypto community, BitMEX CEO, Arthur Hayes has sarcastically extended a hand of tutelage to Binance boss, Changpeng Zhao in order to teach him how to really “copy-paste” innovations. This news comes following a controversy that erupted after CZ laid claims on an innovation that happens to have been implemented by BitMEX first. A Twitter user, @lowstrife replied to CZ’s claim by pointing out that liquidation tied to index prices was an exchange feature that had existed on BitMEX for a long time, thus, rebutting CZ claims of the innovation. No response on the tweet was received from CZ himself but Arthur Hayes had something to say. He sarcastically offered CZ classes in advanced copy-pasting for running a crypto derivatives platform in exchange for 51% of CZ’s equity. Retweeting the post by @lowstrife, Hayes said – Next time I’m down in Singapore @cz_binance please attend my running a crypto derivatives platform 101. I teach advanced cntl+C cntl+V methods. Price of entry … 51% of your equity. https://t.co/RYGkf4aJih — Arthur Hayes (@CryptoHayes) September 16, 2019 CZ Responds! As expected, CZ responded by making fun of the whole affair while and trying to explain that the tweet was “misleading in the way it was written”. In the same vein, CZ offered to take attend any of Arthur Hayes’ classes in exchange for 49% of any venture that Hayes ran. According to CZ, lol, let me book that flight for ya. Happy to attend any class to own 49% of any venture you run. (I read the tweet again, it was misleading in the way it was written. I didn't mean the index price liquidation is our invention. but anyway… no edit button) — CZ Binance (@cz_binance) September 16, 2019 Earlier Hayes Alleged Binance Plagiarizing Features From BitMEX Coingape recently reported that BitMEX, in a sarcastic tweet, had claimed that Binance had copy-pasted the documentation for their futures platform. Arthur Hayes, at that time, had retweeted the same with a meme and a remark directed at CZ. @cz_binance y'all can do better than that 🤡 https://t.co/fwZencbJ4w pic.twitter.com/XW5atKqAg6 — Arthur Hayes (@CryptoHayes) September 4, 2019 CZ had responded to this by simply apologizing and maintaining that they didn’t read the documents, and promising to remove the plagiarized documents. He also uploaded the links for official documents of futures to be reviewed by BitMEX. The post BitMEX vs Binance – Hayes and Zhao Locked in a Twitter War Over Claims of Innovation appeared first on Coingape.
CoinGape

Crypto Futures Giant Fight Continues: BitMEX Blames Binance For Copying (Take Two)

The plagiarism saga between BitMEX and Binance, perhaps the two most prominent cryptocurrency exchanges in today’s market, keeps going with full force. After Changpeng Zhao tweeted that a certain market maker has tried to attack their futures platform and no one got liquidated because of their “innovation”, citing their liquidation policy, the CEO of BitMEX, Arthur Hayes, responded immediately that he’d give him a Copy/Paste course for 51% of his equity. BitMEX’s Arthur Hayes Strikes Again Earlier today, the CEO of the world’s leading cryptocurrency exchange, Changpeng Zhao, revealed that their relatively new futures platform was under attack by a market maker. Fortunately, however, no one got liquidated. Zhao revealed that the reason for this is that they “use the index price (not futures prices) for liquidations,” calling this methodology their “innovation.” What followed was a wave of comments that this is, by no means, Binance’s innovation as BitMEX has had its liquidations tied to the index price for a long time. Naturally, the CEO of BitMEX, being the persona that he is, didn’t wait for too much to comment on the matter. Next time I’m down in Singapore @cz_binance please attend my running a crypto derivatives platform 101. I teach advanced cntl+C cntl+V methods. Price of entry … 51% of your equity. https://t.co/RYGkf4aJih — Arthur Hayes (@CryptoHayes) September 16, 2019 Zhao responded to his tweet, saying that his tweet was, indeed, misleading “in the way it was written.” He explained that he didn’t mean to call the index price liquidation methodology their innovation. Not so long after that, the official Twitter account of BitMEX posted that it’s “great to see traders on other exchanges being protected and benefitting from our innovation.” Regardless of the intention, this tweet definitely seems particularly targeted. How It All Started The entire back-and-forth tweet exchange between two of the most prominent individuals in the entire cryptocurrency space, namely Arthur Hayes and Changpeng Zhao, began earlier this month. As Binance announced the launch of two futures testnet platforms and acquired a crypto-asset derivatives platform, intending to launch cryptocurrency futures, options, and other derivatives, it also created a separate page on Auto Deleveraging. As it turned out, however, the content within that page was entirely plagiarized by the same page which already existed on BitMEX. Back then, Zhao said that he is sorry about this mistake and that it has been missed in the due-diligence process before the acquisition of the derivatives platform. Regardless of whether or not the face-off between Hayes and Zhao has any actual implications on the market, it’s definitely refreshing and, as one user had pointed out, it takes some of the attention away from the constantly ongoing Bitcoin v. Ethereum debate. The post Crypto Futures Giant Fight Continues: BitMEX Blames Binance For Copying (Take Two) appeared first on CryptoPotato.
CryptoPotato

XBT/USD Analysis: Bitcoin Long Traders Take A Step Back – BitMEX Margin Trading

Bitcoin falling wedge pattern breakout steps above $10,400 before retracement set in. A cluster of supporting indicators at $10,200 suggests a continues uptrend in the short-term. Bitcoin was gracious enough to react in tandem with our discussion in yesterday’s analysis. The formation of a falling wedge pattern was the key driver for the brief rally that topped levels beyond the 100 Moving Average on the four-hour chart. XBT/USD climbed above the resistance at $10,400 in the late Thursday session before slowing down the momentum on hitting highs of $10,474. XBT/USD 4-hour chart XBT/USD price chart by Tradingview An ongoing retracement seems to be a reaction to BitMEX traders who are liquidating their longs after waiting for a correction from the recent dip to $9,800. However, as long as we stay above the accelerated trendline, Bitcoin will have the potential to test the next resistance at $10,600. For now, long position traders need to take a step back and wait for the correction to find balance. Besides, the incoming Bollinger Band squeeze suggests that ahead lies good trading opportunities. If the price drops below the Bollinger Band 4-hour middle curve, the reversal is likely to test the 100 MA support (slightly above $10,200 which is marginally below the Bollinger Band 4-hour lower curve). Further down, $10,000 is still Bitcoin’s historical vital support area. Although, I expect the main trendline to stop if not reduce the momentum of a potential drop that could refresh $9,800 (recent support) level. The stochastic RSI sharp dive into the oversold following a retreat from the overbought suggests that short-term oversold conditions are approaching. Therefore, a reversal is likely in the near-term. Bitcoin Key Technical Levels Spot rate: $10,327 Volatility: High but decreasing (watch the Bollinger Bands for signals). Trend: Bearish Support Areas: $10,200, $10,000 and $9,800. Resistance: $10,400 and $10,600. The post XBT/USD Analysis: Bitcoin Long Traders Take A Step Back – BitMEX Margin Trading appeared first on Coingape.
CoinGape

BitMEX hires former BNP Paribas’ exec as general counsel

Cryptocurrency derivatives exchange BitMEX has hired Derek Gobel as its general counsel. Gobel was formerly general counsel at BNP Paribas APAC. “Derek brings extensive legal and corporate governance experience. Derek is perfectly qualified to lead our legal function and help us move forward in today’s continually evolving regulatory environment," said BitMEX co-founder and CEO Arthur Hayes. Gobel's hire comes after the resignation of BitMEX's COO Angelina Kwan and recent reports that the CFTC was investigating the exchange to determine whether it broke rules by allowing U.S. traders onto its platform.
The Block Crypto
More news sources

Bitmex news by Finrazor

DIGEST

Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges

Trending

Hot news

Hot world news

Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.
CoinGape

Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
Bitcoin Exchange Guide

Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.