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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants. дальше »

2019-5-18 22:14


Measuring the Rising Institutional Investment in Bitcoin (BTC) Despite Alleged Bitfinex-Tether Scandal

The past month has seen the cryptocurrency market boost in value as Bitcoin and other altcoins grew by double digits over the course of the month. However, the glory seemed short lived when the news on Bitfinex and Tether broke out as the prices halted the majestic rise seen hours before. The markets have since […] дальше »

2019-5-16 01:04


Bitfinex raised $1 billion in 10 days by selling a token redeemable for Tethers

Embattled cryptocurrency exchange Bitfinex raised $1 billion in 10 days with an initial exchange offering (IEO), money it hopes will alleviate concerns of its financial stability. Bitfinex CTO Paolo Ardoino tweeted Monday that private firms, both inside the cryptocurrency sector and out, had contributed more than $100 million each throughout the fundraising. дальше »

2019-5-14 16:09


Ethereum Direct to the $200 Barrier: ETH/USD Chart Analysis Forecast

The cryptocurrency market has recently shown that it has matured. First, the Bitfinex scandal and recently the hacking of the largest cryptocurrency exchange, have been proofs that have shown the main asset that solid support has been created above five thousand and eight hundred, as many analysts predicted. At the time of writing, the market […] дальше »

2019-5-9 09:05


Tether’s [USDT] ‘arbitrage opportunities’ increased by 5% on Kraken following Bitfinex fiasco

As Tether/Bitfinex controversy continues to brew, the oldest stablecoin, a new twist to the tale brings the US-based cryptocurrency exchange, Kraken into the pot.  According to the recent Diar report, Tether reserves dropped by 26%, following which, the stablecoin’s “arbitrage opportunities” increased by 5% on one of the leading exchange, Kraken. дальше »

2019-5-8 21:30


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Bitfinex, Tether Brace for ‘A Reputational Black Eye’ Even If LEO Token Sale Bails Them Out for Now

Bitfinex is in a bit of a spot here, having been flagged by New York’s highest legal official for some (allegedly) pretty dodgy financial practices. Readers are probably already familiar with the backstory that involves the crypto exchange trying to be sneaky and hiding humongous losses worth $850M by conflating corporate and client funds. дальше »

2019-5-7 19:20


Bitfinex IEO Plans Get Praise from Fundstrat’s Tom Lee Who Reveals Oversubscribed LEO Tokens

Bitfinex launches initial exchange offering for $1 billion. The LEO tokens are oversubscribed, which shows a positive reception by their users. Everyone in the cryptocurrency market knows about the drama surrounding Bitfinex, which recently revealed that it was working to reclaim its loss of $850 million with the use of an initial exchange offering (IEO). […] дальше »

2019-5-7 14:05


Bitfinex Releases White Paper to Conduct $1 Billion Initial Exchange Offering (IEO) to Cover Frozen Funds

The cryptocurrency exchange Bitfinex will be conducting an Initial Exchange Offering (IEO) that aims at raising $1 billion. The intention is to use the funds to provide liquidity to the company. Some funds were frozen by authorities in different countries, including Poland, Portugal and the United States. Bitfinex Wants To Gather $1 Billion Bitfinex is […] дальше »

2019-5-5 23:25


Analysts Flip Bullish En-Masse Predicting Bitcoin’s Price to Jump Above $7,000 BTC/USD

Just like April, March has started off on a good note as we saw Bitcoin price going from around $5,130 to $5,775 yesterday. Today, the leading cryptocurrency surged to just above $5,800. At the time of writing, BTC has been trading at $5,734 with 24-gains of 1.34 percent on Bitstamp while on Bitfinex, it is […] дальше »

2019-5-4 16:43