By reasoning that Ilya Lichtenstein is a flight risk, a US Federal Judge ordered him to be detained pretrial while indicating that his wife and partner-in-crime – Heather Morgan – met the criteria for supervised release. As reported by The New York Times, Chief Judge Beryl Howell of the Federal District Court in the District...Read More
The world of cryptocurrencies, especially in its earlier years, had a reputation of being the playing ground of hackers and various malicious entities. And while this has changed to a huge degree in the past few years and the field received massive recognition and regulatory clarity, the ghosts of its past remain. One of the...Read More
Barely two days after the U.S. Department of Justice (DOJ) seized about $3.6 billion worth of BTC related to the 2016 Bitfinex hack, dozens of individuals have started laying claims on the bitcoin fortune. According to a Bloomberg report, the DOJ has seen a massive surge in the number of people who wish to regain...Read More
The FBI has arrested a husband and wife in Manhattan for allegedly conspiring to launder swaths of Bitcoin connected to the 2016 Bitfinex exchange hack. According to Reuters, over $3.6 billion worth of the asset has already been recovered by law enforcement. The couple allegedly responsible is Ilya Lichtenstein (34) and Heather Morgan (31). They...Read More
A large chunk of the bitcoins stolen from the infamous 2016 Bitfinex hack was moved by the hackers to an unknown wallet earlier today. Bitfinex 2016 Hacked Funds on the Move According to data from the live cryptocurrency transactions monitor Whale Alert, the hackers have moved over 64,000 BTC in 21 separate transactions. The first...Read More
The issuer of the stablecoin leader USDT – Tether – faces yet another class-action lawsuit with familiar accusations. Lawsuit Against Tether According to the official document, the two plaintiffs, Matthew Anderson and Shawn Dolifka in the US District Court for the Southern District of New York, accused Tether of misleading the consumers regarding the attributes...Read More
Just months after adopting BTC as legal tender, the small Central American country plans to create a Bitcoin City with the help of Blockstream and Bitfinex. Separately, the country said it will buy $500 million more of BTC. Bitcoin City in El Salvador The country made the news earlier this year by indicating that it...Read More
The United States Commodity and Futures Trading Commission (CFTC) has ordered Tether and Bitfinex to pay fines worth $42.5 million. In a release from today, October 15th, Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited – all companies associated with the issuer of the largest stablecoin USDT, Tether, were ordered to...Read More
The cryptocurrency market never ceases to amaze. One of the most popular centralized exchanges – Bitfinex – spent over $23 million worth of fees to send $100K USDT using Ethereum’s network. In what seems to be the most expensive transaction made on Ethereum, Bitfinex, the well-known cryptocurrency exchange, paid over $23M worth of ETH. Interestingly...Read More
Popular cryptocurrency exchange Bitfinex has announced the launch of a new trading platform focused on Security Token Offerings (STOs). Bitfinex said in a recent announcement that the new platform will operate under the financial laws of Kazakhstan, as provided by the Astana Financial Services Authority (AFSA). The STO exchange, dubbed Bitfinex Securities Ltd, has been launched...Read More
A year after the release of XAUt – a commodity-backed token pegged to gold – Bitfinex has announced the launch of a perpetual contract for the trading pair Tether Gold/Bitcoin. The new product will be settled in BTC and will offer up to 100x leverage for users. XAUt/Bitcoin Perpetual Contract on Bitfinex Launched in 2012,...Read More
Tether and Bitfinex will no longer be able to trade with New York citizens and will have to pay $18.5 million in penalties as their two-year-long legal case with the New York Attorney General office came to an end. The case started in April 2019 when the NYAG office alleged the popular exchange Bitfinex of...Read More
Following the recent attack on the Yearn.Finance protocol, major U.S. dollar stablecoin company Tether froze $1.7 million worth of USDT stolen from the platform. Meanwhile, Bitfinex disclosed that it had made the last loan repayment to Tether. Tether Freeze Raises Centralization Concerns Tether CTO Paolo Ardoino announced the news of the USDT freeze via his...Read More
The January 15th deadline passed, and, as somewhat expected, the parties in the NYAG v iFinex case are yet to conclude the production and submission of the requested documentation. As reported by CryptoPotato earlier, January 15th was a much-anticipated date regarding the case between the New York Attorney General’s office and iFinex – the parent company of...Read More
On the one hand, Bitcoin’s price breaking above $34,000 and $35,000 might have started an endless debate on whether there will be a spillover to other cryptocurrencies or not. On the other hand, another critical debate relates to the whale movement associated with the market’s top cryptocurrencies. This is a crucial debate, especially since the...Read More
Cryptocurrency exchange Bitfinex announced the launch of a new product offering on its P2P lending platform, Bitfinex Borrow, according to a press release shared with AMBCrypto. Bitfinex Borrow will now offer Bitcoin (BTC) and Ethereum (ETH) personal loans, which will enable users to obtain loans in BTC and ETH. Borrowers can use US Dollars (USD),...Read More
The prominent cryptocurrency exchange, BitMEX has been tightening the loose compliance ends within the exchange. The exchange has been assessing and introducing new tools to keep the compliance in check and the latest addition to the toolbox has been Refinitiv’s World-Check One tools. This new tool will allow the exchange’s compliance team to monitor for...Read More
Bitfinex’s derivatives platform is in the news today after it announced the launch of its perpetual contracts for IOTA, Chainlink, and Uniswap. Each of these contracts will offer users maximum leverage of up to 100x, leverage that is typical of such contracts and they will be settled in Tether (USDt) tokens. Interestingly, according to a...Read More
Over $400 million worth of the most popular stablecoin Tether (USDT) has been sent to the cryptocurrency exchange Huobi over the past couple of hours. Two of the transactions were sent from an unknown address with a total worth of around $304 million, while another transfer worth $100 million was sent from Bitfinex. Over $400...Read More
Bitfinex Derivatives today announced the launch of perpetual contracts for EOS, Litecoin, and Polkadot. According to a press release received by AMBCrypto, trading went live on Bitfinex on 12 October at 9:00 AM UTC. Under this offering, each contract will be promising users up to 100x leverage and will be settled in Tether (USDt). The...Read More
Everyone involved in blockchain and cryptocurrencies knows that it is a rapidly evolving space. Since the first Bitcoin was mined in 2009, several developments have led to the formation of what is known today as the Crypto-Industry, one characterized by a 24-hour market, DeFi, and over 2000 cryptocurrencies. In light of important present-day developments like...Read More
Prominent cryptocurrency exchange Bitfinex announced the listing of yearn.finance [YFI] on 2 October. Although a bit late in the race of listing the governance token, Bitfinex noted that the deposits were now open, while trading and withdrawals for the same will commence on 3 October at 10:00 AM UTC. YFI on the exchange can be...Read More
Bitfinex and sister firm Tether moved to dismiss a Bitcoin manipulation lawsuit filed against them in October last year. The crypto companies said that the allegations are baseless. Bitfinex And Tether Call For Dismissal Of ‘Preposterous’ Lawsuit In October 2019, a group of bitcoin and cryptocurrency traders David Leibowitz, Benjamin Leibowitz, Jason Leibowitz, Aaron Leibowitz,...Read More
Bitfinex will be awarding $400 million for the successful recovery of bitcoins lost in the infamous August 2016 hack. The offer is also open to the hackers themselves who pilfered around 120,000 BTC, worth $1.3 billion (at today’s rates). Bitfinex: Help Return 120,000 BTC Worth $1.3 Billion, Get $400 Million In an official announcement today,...Read More
A New York state court ruled that the exchange, and companies connected to it, must face court claims according to Bloomberg. Last year, New York Attorney General Letitia James accused Bitfinex of hiding the loss of more than $850 million in client and corporate funds. Panama Firm in The Spotlight The firms in question have...Read More
Following the latest impressive pump in the price of Dogecoin, largely attributed to the influx of TikTok-inspired traders, two major exchanges have added perpetual futures contracts for the coin. This allows users to essentially short DOGE with very high leverage. Dogecoin Receives The Spotlight As CryptoPotato reported yesterday, Dogecoin surged by over 100% in less...Read More
According to a recent report, the majority of all mined bitcoins are held by long-term investors, while only 19% is utilized for trading. Although professional traders are roughly only 4% of the market, they are largely responsible for significant price developments, the research added. BTC HODLers On The Rise The cryptocurrency monitoring company Chainalysis recently...Read More
According to recent reports, the Ministry of Finance in India has proposed to ban digital assets. The move comes only three months after the nation’s Supreme Court revoked a two-year-old ban. India Changes Its Mind On Crypto (Again)? A local report from today informed that India’s Ministry of Finance had moved a note for inter-ministerial...Read More
Bitfinex has responded to the latest amendments in the ongoing class-action lawsuit leveled against Bitfinex and Tether, calling the entire case, “baseless.” Bitfinex/Tether Denounce “Baseless” Lawsuit General Counsel for Bitfinex, Stuart Hoegner, labeled the lawsuit an “unproven conspiracy theory.” He said in an official company announcement on June 4: “The plaintiffs’ allegations remain untethered to...Read More
Bitcoin investors have been transferring their assets outside of specific exchanges lately, new data shows. Ultimately, the BTC balance on platforms has reached its lowest point in over a year by decreasing with more than 320,000 coins since Black Thursday. Bitcoin HODLers Mentality On The Rise During the notorious Black Thursday event in March, when...Read More
