BitMEX Opens Up About Its Crypto Insurance Fund

The extreme volatility on March 12 and 13 left many traders reeling. And also with a lot of questions. Today, the leading crypto derivatives exchange BitMEX opened up about its insurance fund. BitMEX Insurance Fund ‘Last Line of Defence’ In its official blog post, BitMEX explains that the exchange received a lot of questions over the performance of its insurance fund on March 12 and 13. It also details what the insurance fund is and why it is needed. Contrary to popular opinion, BitMEX states: It does not cover BitMEX…

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Bitcoin Price Holds Surprisingly Well as S&P 500 Futures Crash 5% in 5 Minutes

Bitcoin has held surprisingly well over the past hour, despite global markets opening dramatically lower (by traditional standards) than they were during Friday’s close. In fact, the futures for the S&P 500 and the Dow Jones have all hit their limit down (circuit breaker) of 5%, with the former reaching 2,174 and the atter falling to 18,085, per data from TradingView.  With this, the S&P 500 is now more than 35% lower than its high above 3,300, established literally just a month ago. Bitcoin, on the other hand, has fallen…

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