Tagged: bitfinex

SlowMist Explains How Peel Chains are Used to Launder Large Amounts of Cryptocurrency

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SlowMist notes that not too long ago, they had released an update in regards to the Bitfinex incident. The report from SlowMist had covered how the stolen funds had allegedly been laundered using a technique known as “peel chain.” The company reveals that they received… Read More

Over 4,000 Criminal Whales are Holding $25B+ in Crypto: Research Report

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One positive development during the past year has been law enforcement’s “growing” ability to seize virtual currency from criminals, according to an extensive update from Chainalysis. The US Department of Justice (DOJ) seized $2.3 million in crypto from the DarkSide ransomware operators who were allegedly… Read More

BTC and other Cryptos Not a Safe Haven for Criminals, Officials Claim After Seizing $3.6B in Crypto Stolen in Bitfinex 2016 Hack

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Stephen Palley. Partner, Anderson Kill. Chair, Technology, Media & Distributed Systems Group, noted that an FBI agent once told (with “false modesty to be sure”) that their biggest breaks often “come not from law enforcement genius but from mistakes by their targets.” Palley further noted… Read More

Crypto Derivatives: Bitfinex Derivatives Is Now Offering Curve DAO Token Perpetual Swaps

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Bitfinex Derivatives provides a derivatives platform that’s accessible via Bitfinex, a digital token trading platform. Bitfinex Derivatives has announced the launch of a perpetual contract for Curve DAO Token (CRVF0:USTF0). Curve DAO Token (CRV) is an Ethereum token that is used to power transactions via… Read More

Bitfinex Says it Recovers 6.51458211 Bitcoin From 2016 Hack

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Bitfinex is reporting that it has recovered 6.51458211 Bitcoin from a hack that took place over 5 years ago in 2016. Bitfinex states that this recover was completed in partnership with Poloniex, another digital asset marketplace. Bitfinex states: “Recovery Right Token (RRT) holders will have… Read More

Veriscope to Solve FATF Travel Rule-Related Crypto Compliance Issues? Testing Underway

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Tether Operations, the company operating the blockchain-enabled platform tether.to, has commenced operations with Shyft Network, starting with active testing of Veriscope, its decentralized compliance framework and smart contract solution to the Financial Action Task Force’s (FATF) Travel Rule. The initiative will assist virtual asset service… Read More

USDt Now Available on Avalanche, Market Cap North of $73 Billion

Paolo Ardoino

Tether Operations today announced it has launched Tether tokens (USDt) on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business. Avalanche is designed as a highly scalable ecosystem, able to deliver rapid transaction finality and low transaction fees. It is… Read More

Bitfinex to Provide Nuvei’s Cryptocurrency On-ramp Service to Capture New Clients

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Bitfinex, a digital token trading platform, has teamed up with Nuvei, via its subsidiary Simplex, a fiat-crypto gateway provider, allowing clients to introduce its suite of crypto on-ramp services. Bitfinex clients with an intermediate verification level will get access to the Simplex funding options. Users… Read More

CFTC Commissioner Stump Comments on Tether/Bitfinex Enforcement Action: Concerned About Regulatory Confusion on Stablecoins

CFTC Commissioner Dawn DeBerry Stump

At the same time the CFTC announced its enforcement actions against Bitfinex and Tether, Commissioner Dawn D. Stump has issued a statement regarding the action by the regulator. Commissioner Stump says she agrees with the action taken by the Commission while expressing her concern regarding… Read More

Tether, Bitfinex Ordered to Pay Over $42 Million in Fines by CFTC

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The Commodity Futures Trading Commission (CFTC) has ordered Tether and Bitfinex (iFinex) to pay $42.5 million in fines, according to a statement by the regulator. Tether, a leading dollar-based stablecoin, must pay $41 million in regards to claims that Tether (USDT) was fully backed by… Read More

Paolo Ardoino: CTO at Bitfinex Explains Why Lightning Network (LN) Will Enable Greater Crypto, DeFi Adoption

Paolo Ardoino

  The Bitcoin (BTC) Lightning Network was recently tapped to enable Twitter payments and as of last week, the number of nodes that are running the LN reached a record high, increasing around 105% since 2020. Only about a year ago, the Lightning Network had… Read More

Bitfinex to Support U2F Security Keys, an Open Authentication Standard

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Bitfinex, a digital currency trading platform that’s being investigated by the US Justice Department for allegedly engaging in criminal charges including large-scale money laundering, announced that it will be supporting U2F security keys, which is described as an open authentication standard. The U2F security keys… Read More

Bitfinex Securities Introduces Regulated Investment Platform in AIFC Fintech Lab

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Bitfinex Securities Ltd., a provider of blockchain or distributed ledger tech (DLT)-enabled investment products, has introduced its regulated investment platform in the AIFC Fintech Lab, with the goal of improving accessibility for a wide range of financial products for qualified members interested in diversifying their… Read More

Bitfinex Derivatives to Offer Perpetual Contract for Solana, Company CTO Paolo Ardoino Anticipates Great Demand for Product

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Bitfinex Derivatives is offering a derivatives platform that is accessible via Bitfinex, a digital token trading platform. As mentioned in a release shared with CI, Bitfinex Derivatives has introduced a perpetual contract for Solana (SOLF0:USTF0). Solana (SOLF0:USTF0) “went live on 26/07/21 at 15:00 PM CET,”… Read More

Decentralized Lending Protocol C.R.E.A.M Finance to Offer Euro backed Tether Tokens, EURt

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C.R.E.A.M. Finance, a decentralized lending protocol, has revealed that it will be “the first” protocol in the decentralized finance (DeFi) space to provide a Euro-backed stablecoin in, “with the addition of Tether tokens pegged to the euro (EURt).” Paolo Ardoino, CTO at Tether Operations Limited,… Read More

Digital Assets: Atani Founders Reveal how Their Software Allows Crypto Traders to Conduct Seamless Transactions

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We recently caught up with Paul Barroso, Co-founder & CEO of Atani and Haydeé Barroso, Co-founder & COO at Atani. Paul and Haydeé explained how their platform allows users to access many different crypto exchanges such as Binance, Huobi, Coinbase Pro, among many others. Atani… Read More

Report on Tether Stablecoin Says it is Backed One to One with the US Dollar

Digital Money Dollar Jackson

In a post on its site, Tether Holdings Limited said a recent assurance opinion by Moore Cayman confirms that “information in the company’s Consolidated Reserves Report is accurate.” The report, a snapshot document from February 28, 2021, indicates that at that time Tether effectively held… Read More

Bitfinex Launches Paper Trading For Honey Framework

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Digital asset exchange Bitfinex announced on it has launched paper trading for the Honey Framework. The launch enables Bitfinex users to “test drive” automated trading strategies in a simulated environment without putting real funds at risk. “Users can use the Honey Framework to create custom… Read More

Bitfinex Pay Now Allowing Businesses to Accept Crypto Payments

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    Digital asset exchange Bitfinex announced on Wednesday its payment technology Bitfinex Pay is now allowing online merchants a means of receiving contactless and borderless digital token payments. Bitfinex reported that the Bitfinex Pay widget can be integrated on to a website and users… Read More

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