Tagged: bitfinex

Hot Water or Not: Embattled Bitfinex Crypto Exchange Launches IEO (Initial Exchange Offering) Platform

Bitfinex, a cryptocurrency trading platform dogged for years by controversy, is launching a platform for the issuing of IEOs (initial exchange offerings). IEOs are essentially a revamped version of the ICO (initial coin offering) except that rather than being sold directly to investors by issuers… Read More

Stakeholder Says Troubled Bitfinex Exchange Has Sold All One Billion IEO Tokens Issued to Cover $850 Million USD Seized

Chinese OTC Bitcoin trader Dong Zhao has once again taken to Chinese mega social platform WeChat to talk up an IEO (initial exchange offering) being issued by Bitfinex, the troubled cryptocurrency exchange in which Zhao reportedly holds equity, Coindesk reports. Bitfinex is owned by iFinex,… Read More

iFinex, Parent Company of Bitfinex and Tether, Asks Court to Void Ex Parte Orders Compelling Records and Freezing Funds

iFinex, parent company of the Bitfinex cryptocurrency exchange and creator of Tether, the world’s most popular “stablecoin” cryptocurrency, has asked a court in New York to “vacate” (render void) ex parte orders issued by the Attorney General of New York compelling iFinex to produce comprehensive… Read More

US Government Asks for Detention of Crypto Capital Head and Alleged “Shadow Banker” to Bitfinex

The US government has asked a judge in Arizona to detain Reginald Fowler, 60, who was arrested April 30th and charged with bank fraud, operation of an unlicensed money transmitting business and conspiracy for allegedly providing “shadow banking” services to cryptocurrency exchanges. Regarding the case, the… Read More

Bitfinex May Sell “Initial Exchange Offering” LEO Token Raising $1 Billion, Proceeds for “General Business Purposes”

Controversial cryptocurrency company iFinex, operator of several crypto exchanges and the issuer of billion-dollar “stablecoin,” Tether, has issued a “marketing document” outlining its plans to create a new IEO (Initial Exchange Offering) token, LEO, that the company may use to cover operating expenses and hypothetically… Read More

TrustToken Says No Surprise Regarding Bitfinex – Tether News, TrueCAD – Canadian Dollar backed Stablecoin is Now Live

TrustToken, a stablecoin issuer building a portfolio of fiat backed crypto, has commented on the Bitfinex and Tether news pertaining to the lawsuit filed by the New York Attorney General alleging fraud. TrustToken threw shade at the targets of the lawsuit saying the news did… Read More

Tether Lawyer Admits the Stablecoin Only 74% Backed

A lawyer for iFinex, the company behind the Bitfinex cryptocurrency exchange and”stablecoin” Tether (USDT), has admitted in an affidavit that the company only has enough cash on hand to cover 74% of the tethers it has issued into cryptocurrency trading markets. In the affidavit, “Stuart… Read More

Federal Authorities Charge Two Individuals with Providing “Shadow Banking” Services to Cryptocurrency Exchanges, Including Bitfinex

“Processed hundreds of millions of dollars of unregulated transactions on behalf of numerous cryptocurrency exchanges.” The Federal Bureau of Investigation (FBI) has arrested American citizen Reginald Fowler, 60. The US Attorney for the Southern District of New York has charged him with bank fraud, conspiracy… Read More

Scott Purcell of PrimeTrust on Tether: They Refused an Audit, that Means One Thing – Fraud

The crypto world is still regrouping from the reality that Bitfinex/Tether is being pursued by a lawsuit filed by New York Attorney General Letitia James. Stablecoin Tether, operated by the owners of Bitfinex, is a big part of the fraud allegations leveled by the state…. Read More

Tether Responds to New York AG Investigation, Claims “Lost” Funds “Seized and Safeguarded”

The PR team at cryptocurrency company Tether has vigorously denied allegations included in a New York court order claiming the company “lost” $850 million USD in customer funds to a Panamanian entity called Crypto Capital then “co-mingled” customer and company funds to cover the loss…. Read More

New York Attorney General Issues Court Order Alleging Fraud Pertaining to Bitfinex and Tether. Cover Up of $850 Million Loss is Claimed.

New York Attorney General Letitia James has obtained a court order against crypto exchange Bitfinex ( iFinex Inc.) and stablecoin Tether alleging violations of New York law in connection with “ongoing activities that may have defrauded New York investors that trade in virtual or cryptocurrency…. Read More

Bitfinex Returns $105,000 in Stolen Bitcoins Aided by US Law Enforcement

In a blog post earlier this week, cryptocurrency exchange Bitfinex reported that 27.66270285 BTC (approximately $105,000) have been returned to customers due to the efforts of US law enforcement. The returned Bitcoins were part of a theft that took place in 2016. Bitfinex reported that it… Read More

Bitfinex Introduces Trading for BitTorrent (BTT)

Bitfinex, a digital asset trading platform, announced on Tuesday it is set to begin trading for BitTorrent (BTT). According to Bitfinex, BitTorrent (BTT) token was introduced by Tron Foundation and BitTorrent. It is a TRC-10 token designed to facilitate transactions between users and service providers within… Read More

Bitfinex Launches New & Improved Mobile App

Bitfinex, a digital asset trading platform, announced on Tuesday the launch of its new and improved mobile app. The description of the app reads: “Bitfinex provides advanced services for cryptocurrency traders and liquidity providers. Traders enjoy real-time exchange trading and margin trading while liquidity providers… Read More

Belarus Selling “Tokenized Stocks” for Crypto- Buyer Beware

Two Belarusian investment companies, VP Capital and Larnabel Ventures, have launched a platform called Currency.com to sell Ethereum-based digital tokens they say represent stocks and commodities like Apple, oil and gold, Yahoo Finance reports. The site will reportedly buy the tokens using other cryptocurrencies. PR… Read More

Bitfinex Opens Margin Trading For USDT/USD Pair

Bitfinex, a digital asset trading platform, announced last week it has opened margin trading for USDT/USD pair to improve its stablecoin offering in line with market evolution and consumer demand. The platform revealed in a blog post: “At Bitfinex we work tirelessly to ensure our platform… Read More

Bloomberg: Sources Claim Criminal Investigation of Tether and Bitfinex Crypto Exchange Now Underway in US

According to three sources to Bloomberg, a broad investigation into manipulation of cryptocurrency markets initiated last year by the US Department of Justice is now focussing on alleged Bitcoin price manipulation by creators of the Tether cryptocurrency and its origin exchange, Bitfinex. The two businesses are… Read More

Bitfinex Launched Newly Improved Fiat Deposit System

Bitfinex, a digital asset trading platform, announced on Tuesday the launch of its improved fiat deposit system. According to Bitfinex, the new process will allow KYC-verified users to initiate deposits across USD, GBP, JPY, and EUR. The company revealed last week that it decided to temporarily… Read More

Exchange Rankings Shake Up: Researchers Say Two-Thirds of Crypto Trade Volume is Fake

Two-thirds of all trade volume in crypto- or $6 billion dollars per day- is faked, say researchers at the Blockchain Transparency Institute (BIT), and many of the world’s “top” crypto exchanges aren’t even coming close. The researchers made their conclusions after comparing the order books… Read More

Alleged Price Calculation Errors at Tether Badly Skew Crypto Price Data on CoinMarketCap

“Data Issues” on CoinMarketCap.com over the weekend badly skewed crypto coin price data on at the popular website over the weekend, causing a flurry of confusion on CryptoTwitter. CoinMarketCap attributed the issues to problems with the data feed emanating off coins linked to the controversial… Read More

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