New details are emerging about a planned $1 billion token sale to be held by iFinex, the parent company of Bitfinex and Tether, two cryptocurrency companies currently being sued by the state of New York for allegedly covering up a $850 million loss in customer funds. Released today on Twitter by known company shareholder and […]
Bitfinex Shareholder Provides More Details About Potential $1 Billion Token Sale
Bitfinex shareholder Zhao Dong has detailed the timing and features of the exchange’s potential $1 billion token sale.
Crypto ATM Operator Postpones Tether Buying ‘Until the Smoke Clears’
Crypto ATM firm CoinFlip has postponed adding the Tron version of USDT, citing the New York Attorney General’s Tether probe.
Two Charged With Running ‘Shadow Banking’ Service for Crypto Exchanges
The U.S. government has sued two individuals in connection with a scheme to provide “shadow banking” services to unregulated crypto exchanges.
Tether Lawyer Admits Stablecoin Now 74% Backed by Cash and Equivalents
Tether’s general counsel told the New York Supreme Court that it can only back about 74% of USDT in circulation as of Tuesday.
Bitfinex Is Planning to Issue an Exchange Token, Shareholder Says
Cryptocurrency exchange Bitfinex is planning to issue a proprietary exchange token, according to a shareholder claiming knowledge of the plan.
Want to Understand Bitfinex? Understand Mt. Gox
People interested in understanding Bitfinex are well-served to understand what happened with Mt. Gox.
The Bitfinex-Tether Allegations Explained
A quick visual overview of New York’s allegations against crypto companies Bitfinex and Tether.
Bitfinex Needs ‘A Few Weeks’ to Unfreeze Funds, CFO Tells Shareholder
A Bitfinex shareholder says its CFO told him the exchange needs ‘a few weeks’ to recover the funds at issue in the New York Attorney General probe.
Bitfinex Covered $850 Million Loss Using Tether Funds, NY Prosecutors Allege in Court
New York’s Attorney General has obtained a court order against crypto exchange Bitfinex’s operator iFinex as well as stablecoin company Tether.
Bitfinex Drops Minimum Balance to Trade on Crypto Exchange
Bitfinex has removed its $10,000 minimum equity requirement to start trading on the cryptocurrency exchange.
US Government Returns Bitcoins Retrieved Following 2016 Bitfinex Hack
Bitfinex has announced that some of the bitcoin stolen in a major 2016 hack has been returned after it was retrieved by the U.S. government.
Tether Says Customers Can Once Again Deposit and Redeem Fiat
Tether is again offering fiat redemption of its stablecoin USDT. Meanwhile, Bitfinex is now offering tether trading pairs with the euro and U.S. dollar.
Report: US Officials Are Probing Tether Role in Bitcoin Market Manipulation
The U.S. DOJ is reportedly probing Tether and Bitfinex over whether they artificially boosted bitcoin’s price using the USDT stablecoin.
Major Exchanges Are Already Distributing New Bitcoin Cash Tokens
After yesterday’s split of the bitcoin cash blockchain, several top exchanges have already accommodated the resulting two tokens.
Bitfinex’s Parent Company Has a New Offshore Services Provider
iFinex, the parent company of Bitfinex, has parted ways with its old offshore services provider for a new firm.
For Bitfinex Users, Dollar Withdrawals Are Now a Weeks-Long Struggle
Three weeks after being assured everything was running smoothly, some customers at Bitfinex are wondering why they still can’t get their money out.
Tether’s Price Has Stabilized, But the Stablecoin’s Supply Is Still Shrinking
Crypto exchanges are shedding tethers by the million, and millions of USDT are ending up at Bitfinex. From there, they are taken out of circulation.
Tether Just Burned 500 Million USDT Stablecoin Tokens
Following massive transfers of its dollar-linked tokens into a company-controlled account, Tether has destroyed a large chunk of USDT supply.
CoinMarketCap Excludes Some Tether Data After Clarification by Bitfinex
A CoinDesk report regarding a misleading data point on CoinMarketCap has led to a change in the way tether trading volume is calculated.