Tag Archives: Bitfinex

A new report by the cryptocurrency exchange Bitfinex revealed that the latest on-chain metrics and investor behavior suggest the crypto market may be ready for the next bull run. In the weekly edition of the Bitfinex Alpha report, the crypto exchange noted that Bitcoin’s Spent Output Profit Ratio (SOPR) and Net Unrealized Profit and Loss (NUPL) indicators have moved into the green, showing that almost all BTC trades have been profitable since the leading asset breached the...

Bitfinex became the first cryptocurrency exchange to be registered as a Digital Asset Service Provider (DASP) by the regulators of El Salvador. The Latin American country is a pioneer in the industry, embracing bitcoin as a legal tender in 2021. Under the rule of President Nayib Bukele, it purchased amounts of the primary cryptocurrency on a macroeconomic level and launched numerous BTC-related initiatives. ‘Delighted to Be the First’ In a recent blog post, Bitfinex described...

Wybo Wiersma – a 40-year-old Dutchman who studied at Oxford’s St Cross College – will serve a 54-month prison sentence for stealing £2,156,000 (more than $2.6 million) using a cryptocurrency scheme. UK detectives linked the scam to the man who used the pseudonym Norbert van den Berg in his malicious website and university coursework. ‘Greed and Dishonesty’ Behind the Scam Judge Michael Gledhill KC ordered Wiersma to spend four and a half years in prison for his offense. The...

Blockchain security firm PeckShield has disclosed a series of transfers from three addresses, including one from crypto exchange Bitfinex to Alameda Research’s consolidation wallet. According to Etherscan, the address labeled “Alameda Consolidation” received $13 million worth of crypto assets from three different wallets. The first belongs to the leading crypto exchange Bitfinex. It transferred approximately 6 million USDT and 1,545 ether (ETH), amounting to roughly $8.5...

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Earlier in the year, the Justice Department announced it had seized billions in crypto funds from a heist that occurred in 2016. Many customers of Bitfinex had their money stolen during that heist, and they learned that approximately $70 million of the recovered funds were likely theirs. Funds Stolen from Bitfinex Have Not Yet Been Returned One such victim – Frankie Cavazos – said he lost about 15 BTC units from the 2016 attack. Upon hearing that his money had been...

Roche Freedman, the law firm behind several legal actions against crypto companies, was removed from representing the plaintiffs in the infamous lawsuit that accused crypto exchange Bitfinex and its sister company Tether of market manipulation. Filed in 2019, the lawsuit against the two companies seeks total damages up to more than $1 trillion. Roche Freedman Out of the Picture According to a Bloomberg report, a United States district judge for the Southern District of New...

Popular cryptocurrency exchange Bitfinex has announced it will be donating approximately 36 bitcoin units as well as $600,000 in Tether funds to the Central American nation of El Salvador. The company says this is all part of its ongoing efforts to support the nation. El Salvador Is Getting BTC from Bitfinex El Salvador has long been a bitcoin-loving nation. The country was the first to declare bitcoin legal tender in September of last year, claiming it was doing so to...

Cryptocurrency exchange Bitfinex, in collaboration with USDT issuer Tether, recently launched a digital asset fund and donated over $1 million in bitcoin to assist families in El Salvador affected by the ongoing gang violence in the country. Crypto Relief Fund Initiative is Bootstrapped With 25 BTC Bitfinex chief technology officer (CTO) Paolo Ardoino revealed that the company teamed up with Tether to support El Salvadoran families who have been hit by the violence...

Geld verdienen mit Bitcoin #1: Passives Einkommen Mit einem Gründungsjahr von 2012 zählt Bitfinex weltweit zu den ältesten und wichtigsten Kryptowährungsbörsen. Dank der langjährigen Erfahrung, konnte sie ihre starke Marktposition über die Jahre kontinuierlich ausbauen. Nach regelmäßigen Kursanstiegen in der letzten Zeit, ruft sie sich nun durch die Einführung eines eigenen Staking Reward Programms ins Leben. Dabei erhalten Kunden, die aktuell vier...