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BitMEX
Arthur Hayes Proposes Bitcoin-Backed Stablecoin 'NakaDollar'
Arthur Hayes, a co-founder of crypto exchange BitMEX, has proposed NakaDollar (NUSD), a stablecoin backed by bitcoin (BTC) and bitcoin derivatives, which would theoretically be deeply liquid and attractive to traders and provide stability if accepted and used by investors and crypto exchanges. "The Hash" panel discusses the proposal and the future of the stablecoin market.
Arthur Hayes Proposes Bitcoin-Backed Stablecoin Called NakaDollar
The currency would rely on exchanges to maintain a peg to $1, the BitMEX co-founder said.
Bitcoin NFTs Explode in Popularity as BitMEX Research Shows 13,000 Ordinals
Interest has skyrocketed following the first Ordinals transaction on Dec. 14.
Crypto VC Firm Arrington Capital Hires BitMEX Alum as Investment Head
Bhavik Patel previously headed product and derivatives for the crypto exchange.
Former BitMEX CEO Sues Crypto Derivatives Exchange for Breach of Contract and Wrongful Termination
It was previously reported Hoeptner left the company in October.
Regulatory Gap Limiting CFTC's Crypto Purview: Commissioner Johnson
CFTC Commissioner Kristin N. Johnson discusses her take on FTX's downfall and whether U.S. regulators might probe Sam Bankman-Fried, the head of a non-U.S. entity, the way they did former BitMEX CEO Arthur Hayes. "We are vigorously enforcing any instances where we can," Johnson said. "There is a regulatory gap ... that really limits our ability."
Crypto's Reported Staff Cuts at BitMEX, Digital Currency Group, Galaxy Digital
Crypto venture capital company Digital Currency Group (DCG), the parent company of CoinDesk, has promoted Chief Operating Officer Mark Murphy to president amid a restructuring in which some 13% of its staff departed, according to Bloomberg. This comes amid news of other staff cuts at BitMEX and Galaxy Digital. "The Hash" panel discusses the latest hurdles for companies amid crypto winter.
Crypto Exchange BitMEX Cuts Staff as It Pivots Back to Derivatives Strategy
The layoffs come one week after CEO Alexander Hoeptner left the company.
BitMEX CEO Alexander Hoeptner Departs From the Crypto Futures Exchange
CFO Stephan Lutz will take over in the interim.
Crypto Futures Exchange BitMEX CEO: Expect an Exchange Token ‘This Year’
The launch of BMEX was delayed because of market conditions, but the exchange’s CEO wants to get it launched before the end of 2022.
