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BitMEX, a leading crypto exchange, has introduced Prediction Markets where traders can speculate on real-world scenarios such as the financial recovery of bankrupt crypto projects and the potential approval of Bitcoin ETFs.
Arthur Hayes, founder of BitMEX, believes that the rise of Artificial Intelligence (AI) driven Decentralized Autonomous Organizations (DAOs) will revolutionize the global economy and propel Ethereum to new heights. He suggests that AI could ultimately revolutionize the way economic entities are organized and funded, with collaboration between AI and humans driving a new economic structure.
BitMEX and AC Milan are extending their partnership, demonstrating their shared commitment to innovation and greatness. The crypto exchange has been a sponsor of AC Milan since 2021, supporting football and esports teams.
Arthur Hayes, former CEO of BitMEX, believes that Bitcoin has the potential to become the preferred currency for artificial intelligence systems due to its digital nature, censorship resistance, and provable scarcity. He also predicts that AI and robotics will revolutionize society, eliminating tedious work and leading to a renaissance of art and culture. He even suggests that AI could surpass human capabilities and dramatically alter the course of humanity.
Former BitMEX CEO, Arthur Hayes, has declared the beginning of another altcoin season, as Ethereum's recent rally above $2,100 after the Shanghai hard fork has kicked off the altcoin season according to Crypto Twitter. Ethereum's cryptocurrency, Ether, topped $2,100 for the first time since May 2022 due to successful delivery of the "Shapella" version by Ethereum programmers. As a result, the altcoins' total market capitalization gained about 3 percent in the past 24 hours to about $651.84 billion.
Crypto derivatives exchange BitMEX has launched USDT-margined Arbitrum (ARB) futures ahead of the anticipated ARB token airdrop scheduled on March 23. Meanwhile, Binance has also listed ARB on its platform with an official token claiming for ARB estimated to go live at Ethereum block height of #16890400 around 12:30 UTC. Twitter users speculate that ARB can be valued at a double-digit amount at launch.
Crypto firms continue to search for new banking partners after the recent collapses of Silicon Valley Bank, Signature Bank, and Silvergate Capital Corp. Digital Currency Group is on the lookout for potential partners, while firms like Tether, Crypto.com, Gemini, and BitMEX have tried to reassure their users that their funds are safe. Some banks, including HSBC and Santander, remain keen to engage with the crypto industry.
According to Hayes, the NUSD stablecoin proposal will not rely on any USD reserves. Instead, its value will be derived entirely from inverse perpetual swaps that are readily available on derivatives exchanges.
Founded in 2014, BitMEX is one of the world's leading cryptocurrency derivatives exchanges with a fully verified user base and the creator of the Perpetual Swap. With its upcoming Spot, Brokerage, Custody, Information Products, and Academy businesses, BitMEX is a leading force in the industry with excellent platform performance alongside top tier liquidity and security.
Company Legal Name: HDR Global Trading Limited
Year Founded: 2014
HQ Location: Eden Island, Seychelles, Seychelles
HQ Timezone: Indian/Mahe
Alexa Global Rank: 29,155
Total Employees: 210
Estimated Annual Revenue: $10M-$50M
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