Tagbitfinex

Bitfinex Swears It's Trying Super Hard to Block US Bitcoin Traders

bitfinex us bitcoin traders

Beset with allegations that it is flouting regulations by allowing US bitcoin traders to access its platform, cryptocurrency exchange giant Bitfinex promised that it's trying super hard to stop that from happening. Bitfinex Admits US Resident Traded on Its Bitcoin Exchange In an official announcement published on Friday, Bitfinex confirmed a report from The Block that a New York resident had...

3 Altcoins Emerge as Potential Hedge While Bitcoin Price Plummets

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You learn ten-times more about a market when it goes down than when it goes up. And during yesterday's 10 percent bitcoin crash, we learnt something important. We learnt which altcoins stay strong in a crypto selloff. A very small group of altcoins outperformed bitcoin during yesterday’s selloff: BNB, Chainlink, and Leo. It’s the first sign that some alts are decoupling from bitcoin in a market...

Crypto Whale's $200 Million Short Triggers 8.5% Bitcoin Price Plunge

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On June 30, according to a cryptocurrency trader, a single investor on Bitfinex placed a 20,000 BTC short order, betting more than $200 million that the bitcoin price would go down in the near term. Overnight, the bitcoin price fell from $11,900 to $10,765 as the valuation of the crypto market dropped by well over $20 billion within a span of hours. Unexpected drop, is a swift recovery for...

Israeli Crypto Scamming Bros Arrested for 2016 Bitfinex Hack

Bitfinex

Two Israeli brothers have been arrested in connection with a cryptocurrency scam involving "tens of millions" of dollars. Jerusalem-based Eli and Assaf Gigi were involved in a scheme were they accessed traders' wallets and took the coins for themselves, Finance Magnates reports. The brothers are also reportedly suspected by investigators of links to the 2016 Bitfinex exchange hack. The incident...

Scandal-Ridden Bitfinex Launches Initial Exchange Offering Platform

Bitfinex, IEO

By CCN: Despite an ongoing investigation by the State of New York, Bitfinex is heading leaning into the current bullish market trends with its second new offering in recent months. Tokinex is an “initial exchange offering” platform the company announced early this morning US time. Bitfinex says the product has undergone significant testing and will offer “carefully curated, pre-vetted” tokens...

Bitfinex Claims Victory as Supreme Court Gives Nod to Exchange & Tether

Bitfinex, Tether

By CCN: The New York Supreme Court has ruled that the scope of the Attorney General’s investigation into Bitfinex and Tether Limited is too broad and needs a time limit. Bitfinex: Supreme Court Ruling a "Victory" The embattled exchange called the ruling a “victory” and insinuates that the case will end up going nowhere. Bitfinex has already admitted that as much as $850 million evaporated from...

Wall Street Bitcoin Traders DGAF About Tether's Massive Scandal

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By CCN: Wall Street bitcoin traders clearly DGAF about the Tether/Bitfinex scandal. As crypto investment firm HASH CIB noted on Twitter, institutional traders were more bullish than ever last week, with no short positions taken on bitcoin in CME's BTC futures market. Wall Street Drops its Bitcoin Shorts 10/Last week Institutional Investors went all in on #bitcoin - no short positions taken.Other...

'Trustworthy' Bitcoin Exchange That Hid $850 Million Loss Raises $1 Billion

Bitfinex, Tether

By CCN: Bitfinex CTO Paolo Ardoino told Twitter that the firm was able to raise $1 billion in USDT within a short period because big investors know Bitfinex is “trustworthy.” Trust, Don't Verify The New York Attorney General’s office recently opened a very public investigation into the firm. They allege much to the contrary. Tether Limited subsequently admitted it only has 74% of the reserves for...

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