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Tag Archives: Bitfinex

Bitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price

CoinspeakerBitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price As block rewards will reduce by 50% after Bitcoin halving in April 2024, BTC miners are selling heavily to finance the purchase of more efficient mining rigs. Bitcoin Halving 2024 Around 70 Days from Here but Miners Put Selling Pressure on BTC Price

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Bitfinex Unveils Securities Platform in El Salvador

Bitfinex, one of the oldest cryptocurrency exchanges, has announced the launch of a securities trading platform in El Salvador, the first country to recognize bitcoin (BTC) as legal tender. According to a press release seen by CryptoPotato, Bitfinex Securities El Salvador will be the Central American country’s first registered and licensed digital assets service provider. Bitfinex Securities Platform Launches in El Salvador Bitfinex Securities El Salvador is currently...

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Bitfinex Whales’ Strategic Decisions Echo in Tether Reserves and Bitcoin Prices

Tether (USDT) reserve on Bitfinex has seen a significant increase owing to whales on the platform. According to CryptoQuant’s analysis, the whales on Bitfinex have opted to close their leveraged positions, leading to a substantial surge in the USDT reserve on the platform. This strategic move has garnered attention, shedding light on intriguing aspects of market behavior. Tether Reserves on Bitfinex Amid recent fluctuations in crypto prices, significant traders are choosing...

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Bitfinex Teams Up with Synonym to Introduce Bitcoin Lightning Network Feature

Prominent crypto exchange Bitfinex has announced a collaboration with Synonym to introduce a new feature that enables customers to purchase Lightning Network connections for instant deposits, withdrawals, and payments. The Lightning Channel feature is offered through Blocktank, a platform operated by Synonym, a subsidiary of Tether Holdings Limited. Bitfinex Teams Up With Synonym According to a press release shared with CryptoPotato, Bitfinex customers utilizing Lightning...

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Crypto Users May Hit 1B in 2024, Bitfinex Analysts Claim

According to analysts at Bitfinex, crypto is undoubtedly gaining more traction globally. Moreover, considering the current state of the crypto market, especially with asset prices, it appears that even more global acceptance is on the way for crypto. Bitfinex analysts have made a bold prediction about the number of users that we might expect to see in the crypto industry come 2024. Their prediction, which was detailed in a recent report suggests that the number of crypto users may be...

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Tether and Bitfinex Decline to Contest FOIL Request, But There’s a Catch

In response to a New York Freedom of Information Law (FOIL) request initiated by Coindesk, Tether and Bitfinex announced dropping their opposition. According to the official blog post on November 24th, the decision underscored the companies’ “commitment to transparency” within the crypto sector, which aligns with the broader intention to maintain a balanced approach to document release. While emphasizing the core principle of transparency, Tether and Bitfinex, in a joint...

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US Judge Dismisses Class Action Lawsuit Against Tether and Bitfinex

A United States judge has concluded the dismissal of a class action lawsuit against stablecoin issuer Tether and its affiliate crypto exchange Bitfinex, two years after the plaintiff made a move against the firms. According to a blog post, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York denied Shawn Dolifka’s motion for leave to amend the class suit. Dolifka has now chosen not to appeal the judge’s decision. The Class Suit...

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US Government Holds $5.3 Billion in Seized Bitcoin

It is important to note that when a government agency seizes a crypto asset, it does not immediately own the assets. Ownership transfers only after a court ruling in favor of forfeiture. The United States government is among the largest Bitcoin (BTC) holders in the industry, with over 200,000 of the crypto assets stashed away in a hardware wallet controlled by the Department of Justice (DOJ), International Revenue Services (IRS), and other agencies in the country. According to a public...

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iFinex Launches $150 Million Share Buyback Plan to Compensate Hack Victims: Report

iFinex, the owner of popular cryptocurrency exchange network BitFinex and collaborator with Tether Holdings Ltd, reportedly unveiled a $150 million share buyback plan. This new announcement marks a significant milestone for the company’s growth, history, and efforts to make amends for its tainted history. The $150 Million Share Buyback Plan As per the reports, iFinex has offered a $10 per share buyback price for 15 million shares, representing only 9% of the network’s...

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