BitMEX CEO Arthur Hayes Alleges that Binance Copied its “Homework”; Binance CEO Responds

BitMEX CEO Arthur Hayes Alleges that Binance Copied its “Homework”; Binance CEO Responds

While Binance basks in the glory of the launch of its Testnet futures, BitMEX CEO has alleged that the leading exchange has copied their documentation. 

BitMEX Accuses Binance of Plagiarising Their Documents

BitMEX, recently, in a sarcastic tweet congratulated Binance for their Testnet futures and said that they are glad to see Binance enjoyed reading their documents as much as they enjoyed writing it. BitMEX CEO retweeted the same with a meme and a remark directed at Binance CEO Changpeng Zhao.

Source – Twitter
Source- Twitter

Binance Testnet Futures documents are an exact copy of  BitMEX’s overview of Auto Deleveraging (ADL) to Funding rate calculation.

Sarcastic Tweets Follow

The crypto community went berserk and tweeted a storm of sarcastic comments. Some even alleged that China rules the roost when it comes to plagiarism.

 

Source – Twitter

CZ Apologises for The Same

Per a recent update, Binance CEO, CZ apologized and said that they missed it and they didn’t read the documents. He has promised that the documents will be removed soon. Furthermore, he has posted the link for official documents of Futures A Platform to be reviewed by BitMEX.

Source- Twitter

A twitter user took the whole incident sportingly and commented that the industry is based on public sharing and that’s what transparency is.

Source – Twitter

Arthur Hayes Predicts Bitcoin Price to Reach $20K

Well, just revealing Binance’s fiasco was just a part of the comeback. Interestingly there is more to it, Arthur Hayes predicts that Bitcoin price will soon reach $20K.

Source- Twitter

Nouriel Roubini had earlier lambasted Arthur Hayes and stated that BitMEX may be openly involved in systematic illegality. This was followed by CFTC probe, after which Arthur took a long break from Twitter.

But on the other hand, in an earlier report, BitMEX CEO, Arthur Hayes said that BitMEX will not allow such activities. he stated that;

“We continue to monitor all legal and regulatory developments around the world and will comply with all applicable laws and regulations; we reject any allegations of criminality, manipulation or unfair treatment of our customers, who are at the center of everything we do.”

Well, if his $20 K claims will see light or not, only time will tell. However, there is no doubt that the Bitcoin price is slated for a good rise.

Recently, analyst Max Keiser pointed to developments in the court case which involves Australian cryptocurrency developer, Craig Wright, as being capable of influencing the Bitcoin markets. He further said that Bitcoin markets might be able to avert a selling pressure due to the inability of Craig to deliver 500,000 bitcoins as ordered by the court.

The crypto sphere, especially the exchanges do not fail to bring in the necessary sarcasm and humor required in a space rife with technical jargons and complexities. Do you also agree that the Bitcoin price will hit $20K? Let us know!

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BitMEX CEO Arthur Hayes Alleges that Binance Copied its “Homework”; Binance CEO Responds
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BitMEX CEO Arthur Hayes Alleges that Binance Copied its “Homework”; Binance CEO Responds
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While Binance basks in the glory of the launch of its Testnet futures, BitMEX CEO has alleged that the leading exchange has copied their documentation. 
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Author: Supriya Saxena

Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.

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Supriya Saxena 70 Articles

Coming from a physics background the unpredictability and intrigue of the cryptoverse attracted me to take a dive in this field. I am all eyes and ears for the latest trends in blockchain and crypto sphere. Whenever I am not writing or researching, I love to read sci-fi novels, play basketball and watch action movies. I strongly believe that blockchain and cryptocurrency will bring lasting transformations in people’s lives in the years to come. You can reach out to me at supriya [at] coingape.com.

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