Daily Archives: 11/08/2021

BitMEX will pay $ 100 million to settle claims by CFTC and FinCEN

Cryptocurrency derivatives exchange BitMEX announced a settlement of claims by the US Commodity Futures Trading Commission (CFTC) and the US Financial Crimes Enforcement Network (FinCEN). In October 2020, the CFTC filed a lawsuit against the management of the BitMEX exchange, accusing him of illegally doing business in the United States and violating the KYC and AML rules. Subsequently, regulators accused the top managers of the exchange of withdrawing $ 440 million from the site after…

ReportLinker: Blockchain Identity Solutions Market To Grow $ 3.58 Billion By 2025

According to research firm ReportLinker, the market for blockchain-based identity applications will grow by $ 3.58 billion over the next four years. ReportLinker researchers analyzed the potential of decentralized identity storage solutions. Options for their practical use at the government level, as well as in the health, banking, finance and insurance sectors were explored. After examining data from Accenture, Amazon, Bitfury Group and Civic Technologies, analysts expect the global blockchain-based identity market to grow by…