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View More NewsBitMEX, the troubled cryptocurrency exchange reportedly looking for a buyer, has cleared out its executive team, removing chief executive Stephan Lutz, chief financial officer Ina Steiner, and chief growth officer Raphael Polansky, CoinDesk has learned.The firm’s former global general counsel and chief operating officer, Peter Wilkinson, has taken over as CEO. The moves were highlighted in recent postings on LinkedIn.Wilkinson, Lutz, Steiner and Polansky did not immediately respond to requests for comment.Crypto exchange and derivatives trading platform BitMEX was co-founded in 2014 by Arthur Hayes, Ben Delo and Samuel Reed. In 2020, BitMEX was alleged to have failed to implement…
Analysis of Bitcoin unspent transaction outputs (UTXOs) shows that investors are capitulating, a pattern that has historically coincided with bear market bottoms. The ratio of the number of UTXOs spent in profit versus at a loss has fallen to its lowest level this bear market cycle, said CryptoQuant analyst known as Darkfost on Saturday. This is the first time this signal has triggered since the start of the correction, “demonstrating that the number of UTXOs spent at a loss is reaching significant levels, reflecting the start of a broader capitulation,” he said. The metric shows that markets are entering a bottoming phase, which…
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Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of…