Back in the early days, when Bitcoin (BTC) was but a niche experiment for cypherpunks and basement-dwelling hobbyists, the process of its creation required little more than a budget CPU. Since that time, however, an entire industry has sprung forth and a quasi-gold rush rivaling that of the 1850s has taken the world by storm. As a direct result of both the increasing difficulty of Bitcoin mining and the decreasing profitability of mining solo, the current mining industry has become dominated by huge conglomerates. Ostensibly known as Bitcoin’s industrial revolution, the rise of mining collaborations changed the game for everyone. …

In 2018, the executive on the board for the European Central Bank (ECB) declared Bitcoin, “the evil spawn of the financial crisis” — referring, of course, to the economic disaster 10 years prior. Interestingly, also born from the ashes of the mortgage crisis was the United States government’s adoption and unabated use of quantitative easing (QE). However, according to some, there’s more of a connection between Bitcoin (BTC) and the government’s use of QE than just their origins. A recent tweet from BitMEX CEO Arthur Hayes highlighted this supposed correlation: “QE4eva is coming. Once the Fed gets religion again, get …

BitMEX CEO and co-founder Arthur Hayes says traditional traders may lose their lunch breaks and weekends as digital finance is going to change everything, including workplaces. Cryptocurrencies trade 24/7 In a Sept. 19 article by Bloomberg, Hayes noted that cryptocurrencies trade 24 hours a day, seven days a week — and claimed this will end up affecting “everything from traditional equities, bonds and currency trading, to the way payments are processed and recorded.” The CEO of BitMex made his remarks at the Milken Institute Asia Summit in Singapore, where he added that “traders may even lose their lunch breaks and …

Bitcoin (BTC) could soon shoot to $20,000 as a result of emergency measures from the United States Federal Reserve, also known as The Fed, one of the industry’s biggest firms has said. Fed echoes 2008 crisis moves In a tweet on Sept. 18, Arthur Hayes, CEO of derivatives giant BitMEX, forecast that fresh quantitative easing (QE) would further decrease faith in fiat currency. The comments come a day after the Fed swooped to decrease interest rates on some loans which reached more than 10%, or four times its target. More than $53 billion was pumped into the economy. “QE4eva is …

BitMEX, the second-top crypto exchange by reported trading volume to date, experienced record outflows during the month of July. According to the blockchain data provider TokenAnalyst, the total outflow on the exchange amounted to around $530 million. Historic inflows and outflows on BitMEX. Source: TokenAnalyst BitMEX’s monthly outflow never exceeded $100M before Fellow industry analytics firm Ceteris Paribus commented on the news on Aug. 4, noting that BitMEX had never experienced outflow of more than $100 million in a single month. During the whole 2018, the total outflows accounted for $1.3 billion, the firm stated, adding that there was not …

Seychelles-based cryptocurrency exchange BitMEX is reportedly in trouble. Soon after Nouriel Roubini, a New York University professor of economics and anti-cryptocurrency pundit, criticized BitMEX of violating regulations, it was reported on July 19 that United States Commodity Futures Trading Commission (CFTC) is opening an investigation into BitMEX on whether it broke the law by allowing U.S. residents to trade on its platform. A day later, an additional finding by London-based blockchain data provider TokenAnalyst revealed that BitMEX has experienced major Bitcoin (BTC) outflows to the tune of $73 million after news of the regulatory investigation surfaced. The Tangle in Taipei …

At the Tangle in Taipei on July 3, American economist and crypto sceptic Nouriel Roubini (aka “Dr. Doom”) and BitMEX CEO and co-founder Arthur Hayes didn’t agree on anything except that “Facebook’s Libra is not cryptocurrency.” One of the reasons on that is, while Roubini took for granted that the success of Bitcoin should be measured by its transaction speed only, Hayes argued that there was a different measurement. Roubini continued to criticize Bitcoin based on his assumption and said, as he has often pointed out, “this conference is not even accepting Bitcoin.” But for Hayes, that is not the …

Facebook’s Libra payment protocol could make central and commercial banks irrelevant, but PayPal has no future anyway, the CEO of derivatives giant BitMEX thinks. Arthur Hayes made the comments in a new interview with Taiwanese news network BlockTempo TV on July 9. Speaking during this year’s Asia Blockchain Summit (ABS), Hayes made grim forecasts for both banks and fiat-based payment networks. Libra, which saw its white paper release last month but has yet to launch, has drawn both praise and criticism from across the international economy. For Hayes, participants who should be most worried are banks themselves. Even if Libra …

American economist and professional crypto contrarian Nouriel Roubini has furiously demanded the release of a recording of his latest debate with BitMEX CEO and co-founder Arthur Hayes. In one of several fulminating tweets posted on July 2, Roubini accused the organizers of the Asia Blockchain Summit in Taiwan of being part of a “mafia hush money racket” and cowing to BitMEX’s censorship by choosing to neither tape nor broadcast his debate with Hayes during the event. One tweet reads: “Another @CryptoHayes scam: he didnt allow the blockchain conference to record our debate or beam it live. He controls the only …

United States-based professional trading infrastructure firm Trading Technologies International (TT) has partnered with the parent company of cryptocurrency derivatives trading platform BitMEX to open up its products to crypto derivatives traders. TT announced the news in a press release on April 17. As the press release notes, the partnership is between TT and the owner of BitMEX, HDR Global Trading. TT, which offers various market access tools and services, will now offer its market tools to BitMEX traders through its TT platform. Similarly, TT traders will be able to trade on BitMEX and will now gain access to its crypto …

Initial coin offerings (ICO) will return within “18 months” and Ethereum (ETH) will “rebound aggressively,” BitMEX CEO Arthur Hayes told Cointelegraph Japan Dec. 26. BitMEX is a Seychelles-based cryptocurrency trading platform that has become one of the largest trading platforms in the world by volume. Speaking in an exclusive interview, Hayes forecast a return to form for 2018’s “dead” ICO markets. “The use case for Ether is primarily ICOs. That market is dead right now,” he said, adding: “Once there are new issues, then Ether will rebound aggressively. When the ICO market returns, Ether will quickly test $200. The timing …