BitMEX Operator Replaces Exchange Executives – October 8

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $10,616

Bitcoin price remains extremely stable, barely ranging $100 dollars in price movements over the last day of trading.

Top-20 altcoins have also tapered off in volatility, as Ethereum and XRP remain almost completely unchanged in price over the last 24 hours, while Monero captures the day’s largest move with a 3% gain.

Top Stories for October 8, 2020 πŸ”₯

πŸ‘‰ BitMEX Operator Replaces Exchange Executives

100x Group, operators of crypto derivatives platform BitMEX, have replaced the exchange’s main executives today, following charges pressed by US authorities.

The three co-founders of BitMEX and a fourth executive have been removed and replaced with new leadership, who will seek to complete the exchange’s recent user verification program.

BitMEX is facing charges brought by the United States Commodity Futures Trading Commission (CFTC), including violating anti-money laundering regulations.

πŸ‘‰ Tim Draper Leads $5M Investment Round for Indian Crypto Exchange

Draper Associates, an investment firm founded by prominent Bitcoin investor Tim Draper, has led a $5 million Series A funding round by Indian crypto exchange Unocoin.

If the funding round is closed successfully, it will value Unocoin at $20 million and enable them to expand their product range and tech team.

πŸ‘‰ $26M Worth of Bitcoin Moved From 2016 Bitfinex Hack

Hackers have moved more than $26 million worth of Bitcoin which was stolen from crypto exchange Bitfinex in 2016.

Seven transactions took place, with the majority consisting of around $4 million each.

Bitfinex previously offered a reward to anyone who could put them in contact with the hackers, who stole more than 120,000 BTC from the exchange four years ago.