In mid-April, news.Bitcoin.com reported on a great number of BTC withdrawn from cryptocurrency trading platforms and after the third BTC halving, the trend has picked up once again. Data from Glassnode’s Bitcoin Exchange Net-Flow statistics show that close to 24,000 BTC has been withdrawn since May 11. Additionally, statistics from Bituniverse’s exchange reserve data indicate...Read More
Cryptocurrency markets are bullish on April 29, as BTC prices have spiked over 11.8% in the last 24 hours touching a high of $8,740 per coin during Wednesday’s trading sessions. Bitcoin has gained 130% in value since the market rout on March 12 otherwise known as ‘Black Thursday.’ Many believe the cause behind the higher...Read More
This past Friday, top cryptocurrency trading platforms Bitfinex and OKEx were both subjected to malicious Distributed Denial-of-Service attacks (DDoS) aimed at disrupting the platforms’ operational efficiency by overwhelming the targeted servers with a flood of fraudulent traffic. Although both platforms successfully thwarted the attacks and have since re-established normal performance, the OKEx CEO is now...Read More
While it is hard to cyber-attack Bitcoin and other crypto asset networks, you can more easily cyber-attack companies in the space. This was proven true over the past 48 hours, with two exchanges recently revealing that they’ve been subject to a denial-of-service attack, suggesting some shenanigans going on in the backdrop of the crypto market....Read More
The Hong Kong-founded popular cryptocurrency exchange, Bitfinex, has recently launched the newest version of its mobile app, which comes with Bitcoin deposits utilizing the Lightning Network. The update for the mobile app comes less than two months since the exchange added support for the Lightning network to its web platform. The Lightning Network Comes On...Read More
The number of active entities holding Bitcoin is continuously growing over the years to the current number of over 23 million, according to a recent report. Cryptocurrency exchanges control 13% of all bitcoins, and Coinbase is the leader with the most considerable stash. The popular blockchain monitoring resource, Glassnode, recently published its new paper regarding...Read More
Popular cryptocurrency exchange Bitstamp and California-based Silvergate Bank have partnered up to launch a new Bitcoin leverage trading product. It would allow institutional investors to trade with leverage collateralized by Bitcoin and held on the exchange. SEN Leverage By Bitstamp And Silvergate Bank The Luxemburg-based cryptocurrency exchange recently announced its involvement with Silvergate Bank’s new...Read More
Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network...Read More
A fall in an important Bitcoin-related metric with ties to overall crypto market sentiment over the past couple of weeks, suggests that recent price action across the crypto market has traders and investors increasingly fearing that the bottom isn’t in for Bitcoin, and may be adjusting their expectations and preparing positions in anticipation of the...Read More
Bitfinex CTO Paolo Ardoino sees cross-chain value transfers as the most critical issue facing the cryptocurrency sector for 2020. With over 4,000 digital assets in circulation and many of them confined to their own ecosystems, a lack of liquidity and interoperability plagues many tokens. Blockchain ecosystem diversity is harming the industry — locking value inside...Read More
During the last few days, digital currency markets have been meandering sideways and prices have been less volatile. On Sunday, during the last 24 hours, the entire cryptoconomy is hovering just below the $200 billion zone and there’s roughly $71 billion in global trades. Crypto proponents are still uncertain about the future trajectory and whether...Read More
As per an email to verified customers, the Bitfinex exchange has noted that it is increasing the KYC verification system. The email urges verified customers to produce their additional information including address proof. Moreover, Bitfinex also asks the user to share details on the source and use of funds. The details will be retained securely...Read More
British Virgin Islands-based cryptocurrency exchange Bitfinex has announced that users can now buy cryptocurrencies using debit and credit cards. Third-party payment solutions provider Mercuryo and OWNR Wallet are aiding the crypto exchange to allow users to purchase using cards. As of now, card purchases allow Bitcoin, tether and ERC20 tokens. However, these features are allowed...Read More
The cryptocurrency exchange known as Bitfinex is often the playground chosen for many whale traders, who take up large positions in Bitcoin and other cryptocurrencies using leverage to amplify their returns.The post appeared first on NewsBTCRead More
Bitcoin volatility makes a stunning return. The “extreme fear” countertrade is back on the table. Bakkt futures record all-time highs. Bitcoin’s recent rise has sparked new hopes for BTC just in time for the holidays. Here are several signs that may indicate a Santa Claus rally is on its way. Bitcoin has been anything but...Read More
Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses. Crypto prices haven’t been this low since May as the market valuation of the entire cryptoconomy is struggling to...Read More
Cryptocurrency exchange is a hot business nowadays. Various exchanges are evolving in the market. Bitfinex exchange is one of them. This Bitfinex exchange review is a walk through Bitfinex Exchange. Bitfinex Exchange Review QUICK NAVIGATION : Bitfinex is a Hong Kong-based cryptocurrency exchange operating since late 2012. In the following post, I will review the...Read More
BitFinex Bitcoin’s open long positions keep increasing rapidly and had recently set a new all-time high record on the popular cryptocurrency exchange. In the last two weeks, the total number has surged to over 43,000 BTC, bringing up the discussion within the community if this very odd behavior might end up in a cruel long...Read More
Blockchain analysis firms continue to gain more attention. In the case of Chainalysis, the company will now collaborate with Bitfinex to keep criminals at bay. It is crucial for any cryptocurrency exchange to ensure no illicit money streams pass through its order books. Chainalysis Tool Helps out Bitfinex That is often easier said than done,...Read More
This week, Chainalysis announced the completion of a full AML solution applied on the Bitfinex exchange. The blockchain analysis is becoming the next frontier of verification, as the Financial Action Task Force (FATF) rules start to be unrolled from the summer of 2020. Regulators Worldwide Start Looking at Blockchain Activity Directly Chainalysis remarks that institutions...Read More
Long positions taken on Bitcoin on the popular crypto exchange Bifinex are nearing an all-time high, all while the leading cryptocurrency by market cap continues to fall.The post appeared first on NewsBTCRead More
The first week of Lightning Network support at cryptocurrency exchange Bitfinex, has seen more than 800 transactions make use the Bitcoin payments layer. The company’s Chief Technical Officer Paolo Ardoino says customers have deposited more than seven Bitcoin (~$52,000) to the exchange since it added Lightning payments.Despite recent Lightning Network vulnerabilities, it appears to be...Read More
Bitfinex, which shares co-founders with the Tether stablecoin, is once again attracting controversy over the manipulation of the Bitcoin price. Per a paper published by the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bitcoin’s run to a record high near $20,000 in 2017 was caused by a single market whale....Read More
Bitcoin has bounced back above the $10,000 level, gaining over $700 since Sunday. Here are three of the main drivers for why the dominant cryptocurrency is rallying right now. Binance & Bitfinex Announce Bitcoin Derivatives While Bitcoin started as a decentralized digital currency meant for peer-to-peer transactions, crypto exchanges reshaped the coin’s flow by handling...Read More
Crypto exchange platform operator Bitfinex just added two derivative products with the tickers BTCF0/USDt0 and ETHF0/USDt0. The derivatives went live after Bitfinex implemented a system upgrade. The “Perpetual Contracts” Come with Up to 100x Leverage Bitfinex’s so-called perpetual contracts have been in development since at least several months. According to a whitepaper published in May,...Read More
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch...Read More
Bitfinex Exchange which is one of the biggest cryptocurrency exchanges in the world has come up with a new version to its mobile app. The new version released is the version 3.17.1. of the Bitfinex mobile app. According to a recent announcement from the Bitfinex Exchange, this latest update includes Santiment support. This allows the...Read More
Any good investor, trader, or financial analyst – be it Bitcoin, crypto, or traditional financial markets – conducts due diligence such as fundamental analysis and technical analysis before and while taking a position, to minimize risk and maximize reward.The post appeared first on NewsBTCRead More
Tether is planning to issue a stablecoin pegged to the Chinese renminbi, according to a trader with ties to the company. Zhao Dong, an over-the-counter (OTC) trader in China and a shareholder of crypto exchange Bitfinex – which shares managers and owners with Tether – revealed the move on WeChat on Wednesday, saying Tether plans call...Read More
As the stablecoin wars continue to heat up, Tether has hinted the launch of a new stablecoin – one pegged 1:1 to the Chinese Yuan. The announcement comes barely a day after the world’s largest crypto exchange Binance revealed its plans to launch its stablecoin dubbed ‘Venus’ on Binance Chain. Revealing the news exclusively to...Read More
