ETH price dropped 30% in two weeks, and derivatives data shows pro traders are bearish even with Feb. 25’s rally back toward $2,800.

BitMEX co-founders Arthur Hayes and Benjamin Delo have pleaded guilty to breaking anti-money laundering (AML) regulations in the United States Southern District Court of New York.

The post What happened to the BitMEX founders in New York federal court? appeared first on CryptoSlate.

Data shows more than $170 million in Bitcoin futures has liquidated over the past 24 hours as the price of the crypto makes sharp recovery above $38k. BTC Price Makes Sharp Recovery From Crash Due To Russia’s Invasion Of Ukraine Following the commencement of the Russian invasion of Ukraine yesterday, the price of Bitcoin took a deep plunge down as investors pulled out of the market. During this crash, the coin’s value went as low as $34.4k. However, today the value of the crypto already seems to have made some sharp recovery as the price hit $39k earlier in the day. At the time of writing, Bitcoin’s price floats around $38.8k, down 4% in the last seven days. Over the past month, the crypto has gained 7% in value. The below chart shows the trend in the price of BTC over the last five days. BTC's price has made some sharp recovery today | Source: BTCUSD on TradingView Bitcoin Futures Liquidations Over The Past Day Reach More Than $170 million Due to this sharp price rise, there have been some mass liquidations in the futures market. In case someone isn’t familiar with what a “liquidation” is, it’s best to get a quick overview of margin trading first. As you may know, when investors purchase a buy or sell futures contract on a derivatives exchange, they have to put forth some initial investment, called the “margin.” Against this margin, users can loan Bitcoin amounts many times their actual position. This is called making use of “leverage.” Any profit that investors earn on this leverage is theirs to keep. Related Reading | Bitcoin Investors Haven’t Responded To Russia-Ukraine War With Large Inflows (Yet) However, if the price of the coin moves opposite to the direction they bet on, then their losses are also as many times more in magnitude as the leverage. After the user loses a large percentage of their margin because of these losses, the exchange forcibly closes the position. This is precisely what a “liquidation” is. Now, here is the latest data regarding the Bitcoin futures liquidations: Looks like the futures market has observed some mass liquidations over the past day | Source: CoinGlass As you can see above, more than $170 million in Bitcoin futures contracts have been liquidated over the past 24 hours. Related Reading | Bloomberg Strategist: This Is The Defining Moment To Buy Bitcoin Since these liquidations took place because of a sharp price move up, the majority of these are from short contracts. While this is a sharp and unexpected recovery for the crypto, it’s unclear how long it will last. The macro fears and uncertainties due to the Russia-Ukraine war are still abound at large as the invasion still rages on. Featured image from Unsplash.com, chart from TradingView.com

Arthur Hayes, the founder of once the biggest crypto derivatives exchange, BitMex, has pleaded guilty to violating the Bank Secrecy Act, the US Justice Department said. The exchange did not...

This blog post aims to describe the vanishing gradient problem and explain how use of the sigmoid function resulted in it.

This article was published as a part of the Data Science Blogathon. Introduction In this article, we shall explore the process of deriving the optimal coefficients for a simple logistic regression model. Most of us might be familiar with the immense utility of logistic regressions to solve supervised classification problems. Some of the complex algorithms that […]

The post Decoding Logistic Regression Using MLE appeared first on Analytics Vidhya.

SIA Group issued this financial report: Significant growth in passenger numbers as vaccinated travel lanes unlock pent- up demand for air travel during year-end holiday season   Record cargo revenues driven by robust demand and tight capacity which support loads and yields   Operating cash surplus achieved for the first nine months of FY2021/22  […]

INTERNET CITY, DUBAI, Feb. 25, 2022 – LBank Exchange, a global digital asset trading platform, will list YASHADAO (YASHA) on February 28, 2022. For all users of LBank Exchange, the YASHA/USDT trading pair will be officially available for trading at 22:00 (UTC+8) on February 28, 2022. As the crypto space grows rapidly, a large number...

The post LBank Exchange Will List YASHADAO (YASHA) on February 28, 2022 appeared first on Live Bitcoin News.

The U.S. Attorney’s Office for the Southern District of New York announced that Arthur Hayes and Benjamin Delo, co-founders of the BitMEX cryptocurrency exchange, pled guilty to violating the Bank Secrecy Act (BSA) by “willfully failing to establish, implement, and maintain an anti-money laundering (AML) program at BitMEX.” The co-founders of the exchange admitted to using their […]

Founded in 2004, California-based TORA offers cloud-based trading technology solutions.

Riot Games is reportedly investigating South American Valorant pro Angelo “keznit” Mori for allegedly making racist comments that led to his suspension from a Brazilian Valorant practice Discord server. Mori is a part of the KRÜ Esports Valorant roster that was suspended from the aforementioned Discord server on February 20th for violating the third rule […]

The post Riot Games Reportedly Investigating KRÜ Esports’ Keznit For Alleged Racist Comments appeared first on TalkEsport.

On February 14, 2022, public dissemination of security-based swap transactions under the Securities and Exchange Commissions (SEC) regulations went live. See the statement from Chairman Gary Gensler. Almost 9 years to the day of our first blog, Shining a light on Derivatives, covering the Swap Data Repository (SDR) operated by DTCC for the Commodity Futures […]