The alternative cryptocurrency (altcoin) sector is still reveling in its resurgence due to persistent investor interest in such digital assets amid Bitcoin’s (BTC) rally to a new all-time high of $72,000. Analysts at the crypto exchange Bitfinex revealed in the latest weekly report that investor interest in altcoins is diversifying to meme coins and artificial...Read More
Open interest (OI) in Bitcoin futures and perpetual pairs on centralized exchanges (CEXs) have surged to a historic high following BTC unwavering rally to levels not seen since November 2021. According to Bitfinex’s latest weekly report, OI for Bitcoin futures and perpetual pairs reached $26 billion, surpassing the previous record of $24 billion set in...Read More
At the beginning of last spring, the Wall Street Journal published an investigative article on Tether, Bitfinex, and related companies. The majority stake of both Tether and the Bitfinex exchange is owned by iFinex, a corporation established in the Virgin Islands. Controversial Article At the time, the Wall Street Journal claimed that the two companies,...Read More
Ilya Lichtenstein, the man behind the looting of billions of dollars from Bitfinex, is now helping federal prosecutors build a case against Bitcoin Fog, a crypto mixing service. Lichtenstein pleaded guilty to money laundering charges last year after hacking Bitfinex and getting away with Bitcoin worth $3.6 million. Lichtenstein Testifies in Washington Trial According to...Read More
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....Read More
The industry is bustling with the trading of the newly introduced spot Bitcoin ETF in the United States, yet there’s no equivalent for Ethereum. However, Jag Kooner, Bitfinex’s Head of Derivatives, suggests that the approval of a Bitcoin ETF could impact the SEC’s view on an Ethereum ETF, likely influenced by Ether’s classification as a security...Read More
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...Read More
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...Read More
Since the United States Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs) on January 10, BTC has witnessed intense selling pressure stemming from short-term holders realizing substantial profits. In the latest edition of the weekly Bitfinex Report, analysts at the crypto exchange warned that BTC is still susceptible to price corrections as...Read More
On Jan. 15, Ripple CTO Paolo Ardoino said that someone attempted to attack Bitfinex using a “Partial Payments Exploit.” However, the attack failed due to the way the exchange handles a data field for the delivered amount, he added. The clarification follows alerts that a huge $15 billion XRP transfer from an unknown wallet to...Read More
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...Read More
Bitcoin (BTC) has entered a consolidation phase, where uncertainty and fears abound about its price declining further. According to the latest edition of the Bitfinex Alpha report, BTC is hovering around the $37,000 price range with signs of diminishing momentum and positive funding rates on futures contracts, a metric historically associated with market declines. Besides...Read More
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...Read More
Cryptocurrency exchange Bitfinex has warned investors to exercise caution in their trading strategies as bitcoin (BTC) has entered a higher volatility environment. According to the latest edition of the Bitfinex Alpha report, BTC’s recent ascent to the $38,000 range may not last for a while, as on-chain metrics show that the digital asset could retrace...Read More
Bitfinex Securities – the specialized platform dedicated to the listing of real-world tokenized securities – announced that its first tokenized bond will be listed in November this year. The new tokenized bond, called – ALT2611 – is a 36-month, 10% coupon bond and leverages Blockstream’s Bitcoin layer-2, Liquid. USDT Denomination For ALT2611 According to the...Read More
The latest edition of a weekly report from crypto exchange Bitfinex has revealed that bitcoin (BTC) is likely to experience heightened volatility in the coming months. According to the Bitfinex Alpha Report, the crypto market is currently in one of the longest low-volatility periods in Bitcoin’s history. However, that trend seems to have changed as...Read More
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...Read More
The 70th edition of a weekly report by cryptocurrency exchange Bitfinex revealed that digital asset funds are seeing large outflows as investors lose confidence in the market. According to the paper, crypto funds have experienced the most significant outflows since March, as the U.S. Securities and Exchange Commission (SEC) continues to delay the long-awaited spot...Read More
Heather Rhiannon Morgan (aka “Razzlekhan”, 33) pled guilty to a money laundering conspiracy in connection with the 2016 Bitfinex hack on Thursday, which saw more than 119,756 Bitcoin (BTC) robbed from customers. This came moments after her husband, Ilya “Dutch” Lichtenstein (35), pleaded guilty to being the man behind the hack itself. Bitfinex Hacker Confirmed...Read More
The latest weekly publication of Bitfinex revealed that bitcoin (BTC) balances on centralized exchanges have retraced to levels last seen in January/February 2018. Bitfinex found that the balances have plunged by 32% from the 3.1 million BTC peak in March 2020 to 2.1 million now. At writing time, only 11% of BTC’ circulating supply was...Read More
Cryptocurrency exchange Bitfinex has recovered some of the funds it lost after being hacked in August 2016. The recovered assets will be used to compensate holders of the exchange’s Recovery Right Tokens (RRTs), which were issued to impacted creditors after the security breach. How Much Was Recovered? As announced by Bitfinex on Thursday, the United...Read More
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...Read More
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...Read More
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...Read More
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...Read More
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...Read More
After one of its Founding Partner – Kyle Roche – made some astonishing claims in an inebriated state, two other law firms – Kirby McInerney LLP (Kirby) and Radice Law Firm, P.C. (Radice) – submitted a document this week to the court to remove the company as interim co-lead from the Tether and Bitfinex Crypto...Read More
Cryptocurrency exchange Bitfinex and stablecoin issuer Tether have collaborated with Hypercore and have collectively created a new platform called Holepunch and launched a fully encrypted peer-to-peer (P2P) video calling application – Keet. Factoring in Privacy According to the official press release shared with CryptoPotato, Keet will facilitate real-time audio/video calls, text chat, and file sharing....Read More
Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, the self-claimed infamous “Crocodile of Wall Street” couple, were charged with trying to launder funds taken in a massive hack of cryptocurrency exchange Bitfinex in 2016. According to the latest development, though, the two are still negotiating a possible plea deal. Lichtenstein and Morgan were due...Read More
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...Read More
