Category: Bitfinex

Win or Lose, These Crypto Whales Share Their Trades

Win or Lose, These Crypto Whales Share Their TradesWhales are mega-rich traders who inhabit the depths of the crypto seas. Theirs is a realm of dark pools, hidden order books, OTC deals, and rich list wallet addresses. Shunning publicity in favor of pseudonymity, most whales keep their trading and personal lives separated, with only the blockchain revealing the monster sums they shuffle between […]

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Institutional and Retail Bitcoin Futures Demand Continues to Climb

Institutional and Retail Bitcoin Futures Demand Continues to Climb2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures have […]

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Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District

Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Re-filed in New DistrictIfinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles. […]

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Market Update: Top Cryptos Face Strong Resistance Ahead

Market Update: Top Cryptos Face the Strong Resistance AheadOn January 6, digital currency markets saw decent gains as the entire crypto market capitalization surpassed the $200 billion mark at 3:50 p.m. EST. Since then most cryptocurrencies have tested heavy resistance and a slew of assets are being held back. Moreover, crypto trade volumes have increased significantly and there’s been roughly $83 billion in […]

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Stablecoins Are Crypto’s Version of Fractional Reserve Banking

Stablecoins Are Crypto's Version of Fractional Reserve BankingStablecoins provide much sought after stability in the volatile crypto markets. They are sometimes even said to affect the price of bitcoin in drastic fashion. Tether (USDT) in particular continues to be widely scrutinized for this, with recent lawsuits about conflicts of interest and price manipulation being hotly contested. More important to dive into, however, […]

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Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply

Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total SupplySince 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 […]

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Market Update: Crypto Traders Search for Bullish and Bearish Trends

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 […]

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Market Update: Bears Claw Crypto Prices Below Long-Term Support

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 […]

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Critics Savage Research Paper Alleging Lone Whale Caused Bitcoin’s 2017 Rally

Critics Savage Research Paper Alleging Lone Whale Caused Bitcoin’s 2017 RallyCrypto commenters have torn into a new research paper alleging a single whale caused bitcoin’s 2017 price rally. The paper, reported prominently in Bloomberg and the Wall Street Journal, has been criticized for failing to understand that mass inflows of tether (USDT) to the cryptoconomy are not indicative of a single source accounting for all […]

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Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested

Bitfinex Claims to Be Victim of Crypto Capital Fraud After President ArrestedThe operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto Capital. The men behind Crypto Capital now face charges related to money laundering in Poland and the U.S. Also Read: Tether Created ‘Largest Bubble in Human History’ Claims Lawsuit Against Bitfinex Crypto Capital Leadership Accused […]

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Circle Drops Poloniex Leaving US Crypto Traders High and Dry

Circle Drops Poloniex Leaving US Crypto Traders High and DryAccording to a blog post published by Circle, the cryptocurrency firm is releasing its subsidiary exchange Poloniex which is now owned by an “Asian investment group.” The trading platform will become an independent company called Polo Digital Assets, Ltd., and after November 1, 2019, U.S. residents will no longer be able to use the platform. […]

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Tether Created ‘Largest Bubble in Human History’ Claims Lawsuit Against Bitfinex

Tether Created the Largest Bubble in Human History Claims Lawsuit Against BitfinexA common attack against Tether in the crypto ecosystem is that the stablecoin isn’t really backed one-to-one by the U.S. dollar. We might soon get to know if these concerns are substantial, as the matter is now going to court. A new lawsuit against the operators of USDT accuses them of creating the largest bubble […]

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Bitfinex Braces for Imminent Lawsuit Alleging Tether Manipulates Crypto Market

Bitfinex Braces for Imminent Lawsuit Alleging Tether Manipulates the Crypto MarketThe operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether are again engaged in public relations crisis management. They have notified users of an imminent lawsuit over market manipulation allegations and are trying to frame it as just a shameless money grab attempt. Also Read: Zimbabwe Bans Popular Mobile Money Services From Paying out […]

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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder

Tether Plans to Mint a Digital Yuan and Commodity Coins, Says Bitfinex ShareholderTether 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 […]

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Bitcoin’s Big Price Drop Is the Latest in a Long History of Flash Crashes

Bitcoin's Big Price Drop Reminds Traders of the Long History of Flash CrashesOn Wednesday, June 26, the price of BTC came close to reaching $14K. One hour later, it had dropped by close to 18%. Such events are known as a flash crash, a moment in time where a rapid-sell off happens and often times a few exchanges become inoperable. Over the last few years, especially when […]

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Initial Exchange Offerings Are Showing No Sign of Slowing Down

Initial Exchange Offerings Are Showing No Sign of Slowing DownSix months in and initial exchange offerings (IEOs) are refusing to die. Following a year of ICO stagnation in 2018, it appeared that the crypto crowdfunding bubble had popped, sending tokenized projects back to the drawing board. Instead, the medium has been reborn under a different banner. In 2019, IEO token issuance is all the […]

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How to Use a Physical Security Key to Safeguard Your Exchange Account

If you are keeping funds on a cryptocurrency platform such as a centralized exchange it is highly advisable you make sure your accounts are as safe as possible. Using a physical security key can greatly help with this as well as safeguarding other private services such as email and cloud storage. Also Read: Israeli Supreme […]

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Hackers Have Looted More Bitcoin Than Satoshi’s Entire Stash

Since 2011 Hackers Looted More Bitcoin Than Satoshi's Entire StashEver since cryptocurrencies started gaining value, hackers have targeted exchanges that provide digital asset trading and malicious entities have siphoned billions of dollars worth of bitcoin since 2010. So far, over 1 million of the world’s BTC has been stolen from exchanges and traders continue to leave vast quantities of funds on centralized trading platforms. […]

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Cryptocurrency Exchanges Are Cleaning up Their Act

Cryptocurrency Exchanges Are Cleaning up Their ActAsk a dozen crypto traders for the reason behind the recent rally and you’ll get a dozen different theories. Bakkt futures, Microsoft building on Bitcoin and Whole Foods accepting crypto have all been cited as fueling the bull market that’s broken out. While these factors have certainly helped, there’s a less documented reason why the […]

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Markets Update: Crypto Bulls Outpace Stocks and Gold

Cryptocurrency markets have been doing extremely well over the last 48 hours, making a lot of prior skeptics think the bearish crypto winter may have ended. Since our last markets update three days ago, the entire cryptoconomy has gained close to $33 billion in value and trading sessions over the last 24 hours produced a […]

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Crypto Heresy: Question Blockstream on Twitter and You’ll Be Blocked

Crypto Heresy: Questioning Blockstream on Twitter About an Alleged Conflict of InterestCrypto Twitter (CT) is a grueling battleground between digital currency enthusiasts, company executives, maximalists, journalists, lawyers, and so-called thought leaders and luminaries. For instance, on May 8, reporter Larry Cermak posted data concerning Blockstream and its sidechain project Liquid’s performance over the last seven months. After Cermak shared unbiased figures and queried an alleged conflict […]

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Markets Update: Crypto Prices Show Strong Recovery After Binance Loss

Cryptocurrency markets are doing much better the day after the digital asset exchange Binance lost roughly 7,000 BTC ($40 million). Immediately after the trading platform officially announced the multi-million dollar loss, the cryptoconomy shed billions but since then most digital assets have recovered and markets are doing surprisingly well. Also read: $500K of BCH Shuffled […]

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