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BitMEX was founded in 2014 by Arthur Hayes, [3] Ben Delo, and Samuel Reed, with financing from family and friends. [4] Bitmex completed a SAFE [clarification needed] round of investment in July 2015 then shortly after was inducted into SOSV batch 8 china accelerator program where it sold equity in exchange for labour and financing.
In October 2018, Delo gave £5 million to his Oxford alma mater Worcester College, endowing two teaching fellowships in perpetuity and becoming the youngest major donor in the College's history. [ 15 ] [ 16 ] At the same time, the College elected him into an Honorary Fellowship in recognition of his work in computing and his philanthropy. [ 15 ]
BitMEX was the first crypto exchange to be charged under the Bank Secrecy Act. The laws require that transactions that are over $10,000 be reported. It is known as Know Your Customer (KYC) information. Hayes stepped down from BitMex in October 2020. Alexander Hoptner replaced Hayes as CEO of BitMEX. [22] [14] [7] [23]
The post Derivatives market liquidations push BitMEX's insurance fund to all-time high, cut Deribit's by almost half appeared first on The Block. ... but while one saw its insurance fund hit an ...
The fund invests in short-term securities that present minimal credit risk such as U.S. government securities, floating-rate debt issued by U.S. and foreign corporations and highly-rated ...
Rank Project Category Sum Platform Investors notes References 1 BrewDog: Brewery: £72,754,050 Proprietary/Crowdcube 117,917 [1]2 CoinMetro Crypto-Exchange: €12,026,735
The prime rate is used often as an index in calculating rate changes to adjustable rate mortgages (ARM) and other variable rate short term loans. It is used in the calculation of some private student loans. Many credit cards with variable interest rates have their rate specified as the prime rate (index) plus a fixed value commonly called the ...
Bitmex becomes the first crypto agency to announce layoffs, laying off 25% of its workers. [48] 3 May The Federal Reserve raises interest rates by 0.5%, triggering a broad market selloff. [49] Over eight days, Bitcoin falls 27% to just over $29,000, while Ethereum falls 33.5% to around $1,960.