BitMEX CTO Samuel Reid released on $ 5 million bail

BitMEX CTO Samuel Reid released on $ 5 million bail

The technical director of the BitMEX crypto derivatives exchange, Samuel Reid, was released on bail of $ 5 million. On October 1, Reed was arrested on charges brought against the US Department of Justice.

According to The Block, Reed's bail was approved on October 3. He is obliged to appear to participate in the trial, and in case of admission of guilt, to come to impose punishment.

The collateral is unsecured; of the total, $ 500,000 was paid in traditional currency. Presumably, Reed and his wife's passports were also seized.

Reed, 31, was arrested in Massachusetts on charges of violating bank secrecy laws and willfully evading robust anti-money laundering measures on BitMEX.

Charges were also brought against Reed's colleagues Arthur Hayes, Benjamin Delo and Gregory Dwyer. On Thursday, BitMEX announced the resignation of all four of them from leadership positions.

2 million Shenzhen residents show interest in digital yuan distribution

Nearly 2 million Shenzhen residents, or 15% of the population, have expressed interest in the government's 10 million yuan digital distribution, AsiaOne reported.

The distribution of 50,000 "red envelopes" of 200 yuan ($ 30) each started on Thursday. To participate from Friday to Sunday, residents of the region had to register in the lottery. A total of 1,913,847 people subscribed to it, resulting in a selection rate of 2.61%.

You can pay with digital currency at 3,389 points until the end of the week. It is not possible to transfer the received funds to other persons or to withdraw them to a bank account.

As AsiaOne notes, this is the first time the digital yuan is being tested with the participation of the general public. The previous tests were of a closed nature and were carried out mainly with the participation of employees of four commercial banks, as well as government officials.

The lottery winners shared their impressions on the Weibo microblogging service. One of them noted that now he will have to learn how to handle digital currency. Another said that digital currency is the best test for the new economy, and that China's success in this field could undermine the status of the US dollar as the world's reserve currency.

The digital yuan wallet is currently not available for free download. Lottery winners receive personalized messages from Monday with links to install the software.

"Cryptocurrency liner" will appear off the coast of Panama

Built in 1991, the Pacific Dawn liner will be bought from an Australian company and converted into a floating center specialized for the needs of cryptocurrency companies and entrepreneurs. At the same time, some of the cabins will be prepared for family living.

The ship will be renamed Satosi and docked off the coast of the Gulf of Panama so that the companies operating on the liner will come under the appropriate jurisdiction.

“We hope to create a technology and innovation center right here in Panama. Our goal is to sustainably operate at sea and bring new waters to the map of cryptocurrency companies, ”said Chad Elwartowski, COO of Ocean Builders.

The sale of 200 of the 777 cabins to crypto entrepreneurs is scheduled for November 5. The cost of one cabin will range from $ 25,000 to $ 50,000, and you can pay for the purchase both in US dollars and in bitcoins. In addition to offices for companies and cabins for accommodation, the ship will house restaurants, casinos, clinics and even water attractions.

“We will sell cabins on decks. The point is that an entrepreneur who is going to live on a liner with his family can buy a cabin with an ocean view for adults, and a cabin opposite for children. The rest of the ship will be the living room, ”said Elwartowski.

The opening of the Satoshi ship for the residence and operation of cryptocurrency companies should take place in early 2021. Note that cryptocurrency companies often choose Panama due to the friendliness of this jurisdiction to cryptocurrencies. So, at the beginning of the year, the Deribit exchange announced the change of jurisdiction to Panama.