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BITCOIN PRICE: 7,738.54     HIGH: 7,993.93     LOW: 7,431.54

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Tag: BItfinex

Bitcoin Price Dives Below $1200: Brief Dip Before Fresh Highs?

Category: Bitcoin, News, Price Analysis

Bitcoin Price Dives Below $1200: Brief Dip Before Fresh Highs?

Margin traders bearish on bitcoin at Bitfinex are becoming emboldened, with the open short interest surpassing the long interest for the first time in almost two months. The dip in BTC-USD, which fell from around $1230 to $1141 since April 11, could be short-lived with the cryptocurrency getting ready to jump to fresh highs if contrarian speculation takes hold. The…

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Is Wells Fargo Developing A Digital Currency Wall?

Category: Altcoins, Bitcoin, Finance, News

Is Wells Fargo Developing A Digital Currency Wall?

On April 6, two cryptocurrency companies filed a California federal suit against Wells Fargo saying that the megabank is essentially preventing their customers from accessing their money, an estimated $180 million in deposits. iFinex Inc. and Tether Ltd. allege that Wells Fargo recently prevented wire transfers from a number of Taiwanese banks relative to accounts containing their customer funds. This…

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Bitfinex Earning Customer’s Confidence Back with BFX Tokens

Category: Bitcoin, Business, News

Bitfinex Earning Customer’s Confidence Back with BFX Tokens

Bitfinex announced that on October 27, that some of the largest BFX token holders have agreed to exchange over 20 million BFX tokens for a stake in the Bitfinex exchange. This shows a return in customer confidence in the company, despite only being a little over two months since one of biggest security breaches of a bitcoin exchange. “Since the…

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BTC-USD Rejects $600, Looking to Test $560

Category: Bitcoin, Price Analysis

BTC-USD Rejects $600, Looking to Test $560

As Bitfinex moved on from the recent hack and resumed trading yesterday, buyers tried pushing BTC-USD above $600 in anticipation of the exchange coming back online. But sellers managed to control the upsurge, bringing yesterday’s close down to $590.27 on the Bitstamp exchange. This suggests that buyers are exhausted and rejected the fractal resistance at $598.81. Also, Bitfinex has recently…

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BFX Tokens and BitCache Unleashed: BTCManager’s Week in Review for August 8

Category: News Digest

BFX Tokens and BitCache Unleashed: BTCManager’s Week in Review for August 8

Compiled from contributions by Joseph Young, Nigel Dollentas, Jamie Holmes and Michael Scott. Bitfinex Decides on Generalized Losses, Issues ‘BFX Tokens’ Over the past week Bitfinex confirmed a hack that resulted in the loss of 119,756 BTC, a price amounting to $64 million USD. During this time the insurance policy which Bitfinex was insured under was updated though only in…

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Bitfinex Decides on Generalized Losses, Issues ‘BFX Tokens’

Category: News

Bitfinex Decides on Generalized Losses, Issues ‘BFX Tokens’

When a nuclear warhead is dropped, not only is there an initial shockwave that deals a tremendous amount of damage, but radiation that lingers in the air, taking months until the place affected is fully recovered. Same can be said for Bitcoin with the Bitfinex hack. It has been more than three days since news of the nearly $70 million…

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Bitfinex “experiencing data corruption issues” and Technical Difficulties

Category: Business, Finance, News

Bitfinex “experiencing data corruption issues” and Technical Difficulties

Bitfinex, one of the world’s largest bitcoin exchanges by trading volume, has been experiencing technical difficulties and data corruption issues on their bitcoin exchange. The Bitfinex trading engine was offline several times before the exchange finally reported the problem on Twitter, at 12:28 AM – 25 Aug 2015. The Bitfinex team told its users: “We are experiencing data corruption issues and…

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