Latest MEX news
3 Arrows Capital's Bitcoin And Other Positions Liquidated By FTX, BitMEX and Deribit; Fund Managers Have Gone Silent
Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX. What Happened: Across the past week, 3AC has experienced liquidations in Bitcoin derivative positions. As disclosed by The Block, 3AC currently owes $6 million to BitMEX. It was further revealed the positions liquidated by FTX and Deribit were comparatively smaller than the liquidation by BitMEX. As a result of uncertain market conditions and the major loss incurred on its position in Terra (CRYPTO: LUNA), 3AC has experienced an extreme liquidity crisis. As crypto prices continued to plummet, the firm was unable to meet its margin calls. “BitMEX's legal department is in touch with 3AC on the next steps,” a BitMEX representative told The Block. FTX’s spokesperson denied making any public comment on the liquidation unless it is legally required. Deribit also maintained silence, only divulging, “We can confirm that Three Arrows Capital is a shareholder of our parent company since February 2020. Due to market developments, Deribit has a small number of accounts that have a net debt to us that we consider as potentially distressed.” Why It's Important: As the market conditions continue to worsen, numerous crypto firms are experiencing liquidation risks. 3AC missing its margin calls and further facing major-scale liquidations serves as alarming news to investors globally given the threat to their funds. 3AC must continue to protect investor funds, via ensuring collateralized asset reserves and work to prevent margin calls. Experiencing more than a total of $400 million in liquidations, the firm must work to secure against absolute insolvency ensuring loan repayment and limiting asset sales. © 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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BitMEX and Others Exiting Three Arrows Capital Amid 3AC Insolvency Fears
As Three Arrows Capital struggles, its lenders have started liquidating the firm's positions and portfolio companies are distancing themselves.
Three Arrows Capital positions liquidated by FTX, Deribit and BitMEX
Crypto exchanges FTX, Deribit and BitMEX liquidated Three Arrows Capital's positions, sources tell The Block. The post Three Arrows Capital positions liquidated by FTX, Deribit and BitMEX appeared first on The Block.
BitMEX Co-Founder Benjamin Delo Avoids Prison Time, Receives 30 Months Probation
Delo’s recent settlement of $10 million with the CFTC prompted federal authorities to exercise some leniency in sentencing him.
BitMEX co-founder Benjamin Delo sentenced to 30 months probation without home confinement
At today's hearing, Judge John G. Koeltl sentenced Delo to 30 months probation without home confinement. Today's sentencing marks a resolution to all regulatory cases for Delo. The post BitMEX co-founder Benjamin Delo sentenced to 30 months probation without home confinement appeared first on The Block.
About MEX
This article discusses the current MEX price and the MEX price predictions provided by reliable sources. Can MEX reach a new all-time high in the future? What does the MEX coin technical analysis indicate? Why is it important? What will the MEX price look like in 2021-2025? Is the MEX coin a good investment right now? Let’s dive in and decide for ourselves.
MEX Real-Time Status
MEX current price, market cap, and volume. These variables are important indicators of the coin’s current market position. All the data, easily accessible via the Real-Time Status widget
Market capitalization is calculated by multiplying the coin’s price with its circulating supply and is used for measuring the value of a cryptocurrency.
Volume indicates the total amount of trades happening at the moment. Experts recommend looking out for a volume to market cap ratio under 1.0.
Catch up with the latest crypto data by using the widget below.
MEX Technical Analysis
Knowing the principles of technical analysis is essential for making the most accurate price forecasts. Technical analysis is used by professional experts to analyze and predict future price movements. Technical analysts discover previous price movement patterns and compare them to the current figures. By doing that, they make an assumption that the past pattern will occur in the future again, according to key variables. Technical analysis is the best way to make your own price forecast and determine your chances of profiting.
MEX Price
You can check the MEX price through CoinJoy's crypto portfolio tracker. Choose MEX from the list of coins or type its name in the search bar. Choose the number of coins, time and the date they were purchased. The algorithm will calculate the token price at the time of purchase and convert it to US dollar, based on the current value.
The token can also be added to the Portfolio. Your Portfolio does not only show the current price of the asset but your real-time losses and profits since the purchase as well. It’s a convenient way to track your holdings and always be aware of the token price changes.
How To Buy MEX
You can choose one or a few ways to purchase MEX. First and foremost, your wallet must support the token. Wallets like Ledger, Coinomo, Trezor support MEX tokens and allow you to store them. Locate the MEX address starting from 0x. Sign up with MEX and purchase the tokens with fiat money or other cryptocurrencies through one of the exchanges: Binance, PancakeSwap, UniSwap.
Purchase as many MEX coins as you want with any supported asset or fiats. However, you will most likely have to pay higher fees.
There are various other exchange services that may support MEX. It is recommended not to keep your coins on the exchange platform for a long time, and instead transfer them to your wallet.
MEX Price Prediction 2022
We have gathered the latest MEX price prediction results from some of the most reliable sources, namely Wallet Investor, Trading Beasts, and PricePrediction.net.
Wallet Investor is prominent that MEX prices will fall, forecasting a potential bearish trend in 2022. According to the website algorithm, investors may be expecting an average of $0, with a potential maximum of $0, and a minimum of $0.
MEX Price Prediction 2023
Conclusion
Predicting crypto market is challenging. It is hard to forecast the exact price movement. Before you decide to invest in the cryptocurrency of your choice, we strongly recommend learning more about the coin itself and get familiar with the project's roadmap. Remember to always do your own research.
FAQ
Is MEX a good investment?
According to the experts' forecasts, MEX will be a bad investment.
Does MEX Have Potential?
The MEX is becoming less popular right now, gradually cryptocurrency is losing ground on Coinmarketcap's market cap ranking. Even though project has developed partnerships with some giants of the cryptocurrency industry, MEX forecast is negative, It has low potential.
How much will MEX be worth in 2022?
In 2022 the price of MEX is expected to reach $0, based on the forecasting from various sources.
How much will MEX be worth in 2023?
In 2023 the price of MEX is expected to reach $0, based on the forecasting from various sources.