Tagged: bitfinex

New Analysis Claims that Ethereum (ETH) Price Might be Manipulated by Certain Large Crypto Exchanges and “Whales”

A recent analysis of the top 10,000 Ethereum (ETH) wallet addresses suggests that the world’s second-largest digital asset (by market cap and overall adoption) could potentially see its value increase significantly in the foreseeable future. This, as the blockchain network prepares to transition from proof-of-work… Read More

Bitfinex Integrates Whale Alert Live Transactions Service on Social Network Bitfinex Plus

Digital asset exchange Bitfinex announced on Tuesday Whale Alert, a tracking service of cryptocurrency transactions from and to exchanges, is available on the social network, Bitfinex Pulse. According to Bitfinex, Whale Alert is claimed to be a vital information source in the digital asset space… Read More

Digital Asset Exchange Bitfinex Debuts Staking Rewards Program

Digital asset exchange Bitfinex announced on Tuesday it is offering a new Staking Rewards Program that will allow users to earn rewards by holding funds on the Bitfinex platform. The Bitfinex team revealed that the program was designed to provide users with “another avenue” to… Read More

Digital Asset Exchange Bitfinex Introduces New Surveillance Tool, Shimmer, to Combat Crypto Market Abuse

Digital asset exchange Bitfinex has introduced a new surveillance tool, called “Shimmer,” reportedly in order to combat cryptocurrency market manipulation and other types of abuse. The tool will also help promote “orderly trading” on the exchange, according to the company. Bitfinex has been the target… Read More

Digital Asset Exchange Bitfinex Introduces its First $280 Million Cryptocurrency Hedge Fund for Institutional Investors

Digital asset exchange Bitfinex has introduced its first cryptocurrency hedge fund. Bitfinex’s management confirmed on March 17, 2020, that its $280 million digital currency hedge fund, called Fulgur Alpha, will be available only to the firm’s institutional clients. Paolo Ardoino, CTO at Bitfinex, told The… Read More

Hong Kong-based Digital Asset Exchange Bitfinex Introduces Margin Trading for Tether’s New Gold-backed Stablecoin

Hong Kong-based digital asset exchange Bitfinex has introduced margin trading for Tether gold (XAU₮). Beginning on January 30, 2020, the exchange has confirmed it will support margin trading for XAU₮ with trading pairs for major fiat currencies including the US dollar and Bitcoin (BTC). Bitfinex’s… Read More

Crypto Exchange Bitfinex Aims to Strengthen its KYC Processes and Guidelines

Digital asset exchange Bitfinex has reportedly been beefing up its know your customer (KYC) requirements and guidelines. The crypto trading platform sent an email to its verified users requesting additional identifying information. The purpose of Bitfinex’s email is to strengthen its due-diligence processes and to… Read More

Clash of Briefs: New York Attorney General and Bitfinex Lawyers File Contradictory Summaries

The New York’s Attorney General’s Office submitted a comprehensive brief to the Supreme Court of New York on December 4th summarizing the current state of the NYAG’s case against Bitfinex and Tether et al., cryptocurrency companies accused of fraud and market manipulation. Lawyers for the… Read More

Plaintiffs in New York Class Action Against Bitfinex Refuse to Revise their Claim

Lawyers for plaintiffs in a class action suit brought against cryptocurrency exchange Bitfinex in New York have declined to revise their complaint alleging the exchange used prints of a crypto-synthetic type of USD to, “creat(e) the largest bubble in human history.” “Plaintiffs do not wish to… Read More

Bitfinex Slams “Copycat Lawsuit” Filed in State of Washington

Bitfinex, a beleaguered crypto exchange, was hit by a class-action lawsuit last week filed in the U.S. District Court for the Western District of Washington. Bitfinex is also the target of an investigation that was launched by the New York Office of the Attorney General…. Read More

Tether Seeks Dismissal of Class Action Case in New York

Tether Inc, makers of a popular cryptocurrency that mimics USD (“tether” or USDt), has asked a judge in New York for permission to file a motion to dismiss a class-action suit filed against the company last month. The suit alleges that parties at Tether Inc and… Read More

Tether Responds to Academic Study: “Tether and Affiliates Have Never…Manipulate(d) Cryptocurrency Market”

Tether Inc. is calling an academic paper claiming the company’s cryptocurrency tether (USDt) was used to induce the bitcoin bull run of 2017 “flawed” and “embarrassing.” The company is responding to an updated version of a 2018 paper by American finance professors John Griffin and… Read More

Research by Professors John M Griffin & Amin Shams: Tether Used to Manipulate Bitcoin Price in Ongoing Ploy via Bitfinex

Two scholars famous for alleging in 2018 that injections of Tether, a cryptocurrency and synthetic form of USD, were used to strategically to push up the price of Bitcoin to $20 000 USD have updated the report with a claim that those injections came mainly from… Read More

Crypto Capital President, Banker to Bitfinex, Kraken, Binance and BitMEX, Held in Poland for Alleged Money Laundering

Police in Greece have arrested Ivan Manuel Molina Lee, president of payments processor Crypto Capital, for allegedly laundering hundreds of millions of dollars in drug proceeds for Columbian cartels. Molina is being held now by authorities in Poland, who believe he used the country as… Read More

Bitfinex Applies to US Court to Subpoena Former Senior Banking Official Who Could Help the Crypto Exchange Recover $850 Million

Gavel Court Legal Trial Law rawpixel unsplash

Digital asset exchange Bitfinex recently applied to a US court to subpoena a former senior banking official of a trust company that the exchange says could help it recover more than $850 million in frozen funds. On October 18, Bitfinex submitted a filing to a… Read More

Attendees at November Offshore Alert Conference in London Will Examine Whether Tether Cryptocurrency Enabled “Biggest Scam in the History of Finance”

Two hundred-fifty investigators, thirty speakers gathering and other attendees at the OffshoreAlert Conference on financial intelligence and investigations in London November 11th and 12th will have a chance to examine the role tethers played in creating “the largest bubble in human history,” the Bitcoin/crypto bubble… Read More

Class Action Suit Launched Against Bitfinex and Tether, Alleged Creators of “Largest Bubble in Human History”

Lawyers at Roche Freedman LLP filed a class action suit on October 6th against Bitfinex, Tether, and associated parties and firms. The suit alleges plaintiffs collectively suffered over $1.4 trillion USD in damages due to defendants alleged violation of Commodities Exchange and federal RICO statutes, as well… Read More

Bitfinex Releases $5 Million Tethers Onto EOS Network

Embattled crypto exchange Bitfinex has announced that it, “has completed a chainswap to convert US$5 million tethers onto the EOS protocol via sister exchange EOSfinex. Tethers are cryptographic proxies of USD designed to maintain a stable value equivalent to one USD. They are used to… Read More

Ethfinex Rebrands, Cuts Ties With Troubled Bitfinex Exchange

Ethfinex, a “trustless” cryptocurrency exchange for trading ERC-20 tokens is cutting ties with parent company iFinex and related exchange Bitfinex and rebranding as an independent entity called “DeversiFi.” Will Harborne, who oversaw Ethfinex and is now CEO of DeversiFi told The Block,“This is more than… Read More

Enough Delays: New York Attorney General Asks That Crypto Exchange Bitfinex Be Ordered to Have Records Ready If Company Loses November Appeal

New York Attorney General Letitia James has asked a New York judge to order crypto companies iFinex, Bitfinex and Tether to have records ready and on hand, if they lose their November 4th appeal: “(T)he OAG respectfully requests that this Court…(to) issue an order that… Read More

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