#BItfinex News

Bitfinex New York Supreme Court Pointing Fingers

New York Supreme Court Dismisses Bitfinex Petition

August 20, 2019 by Ashwath Balakrishnan at Business

Earlier this month, Bitfinex filed a petition with the New York Supreme Court claiming that the New York State Attorney General (NYAG) was wrongly investigating Bitfinex as New York lacks the jurisdiction to do so. This argument was based on the fact that Bitfinex claims they have never catered to...

2019 Report: Token Offerings Raised $3.3 Billion in Five Months, IEO’s Emerge as an Obstacle for STO’s

July 31, 2019 by Ashwath Balakrishnan at Altcoins

PwC's global research and consulting wing, Strategy&, revealed in their summer report that a whopping $3.3 billion has been raised in token offerings between January and May 2019. Bitfinex's LEO offering accounts for 30 percent of that entire amount. Additionally, there is sufficient data to confidently name the inception of...

New York Extends Bitfinex Lockout Period

July 30, 2019 by Ashwath Balakrishnan at Regulation

Justice Joel Cohen of the New York Supreme Court extended the preliminary injunction against iFinex and Bitfinex for an extra 90 days. This means the company cannot access Tether's financial reserves for their own use. The lawsuit emerged after the New York State Attorney General accused iFinex, the parent company...

Bitfinex Bites at NYAG, Claims Alleged ‘New York Customers’ are Foreign Entities

July 23, 2019 by Ashwath Balakrishnan at Business

Bitfinex and the New York State Attorney General have embroiled in an aggressive game of ping pong, continuously hitting back at each other's remarks. In the latest episode, the NYAG claimed Bitfinex serviced New York State customers as early as January 2019. Bitfinex as now hit back saying they were...

NYAG: Tether, Bitfinex Served New York Clients as Late as January 2019

July 9, 2019 by Aisshwarya Tiwari at Regulation

On July 8, 2019, the New York Attorney General’s Office (NYAG) submitted new court filings alleging that iFinex Inc., the parent company of cryptocurrency exchange Bitfinex and stablecoin issuing firm Tether (USDT), continued providing services to New York residents as late as January 2019. First reports on the subject came...

Bitfinex Exchange Launch LEO Token Buy Back Program

July 9, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Bitfinex, a controversial cryptocurrency exchange that claims to be the largest and most advanced bitcoin trading venue, has announced the commencement of its LEO token buyback program. The exchange says it has successfully used 27 percent of the revenue generated from the sale of Ampleforth tokens on Tokinex, its initial...

Technical Glitch on Cloudflare Sends Crypto Sites Offline

July 3, 2019 by Ashwath Balakrishnan at Tech

Cryptocurrency service providers were struck by an unexpected technical mishap on Cloudflare that deemed their servers inaccessible to users reports The Next Web. Cloudflare confirmed the outage in a blog post, acknowledging the downtime as a result of bad software, July 2, 2019. Downtime for Exchanges Cloudflare is one of...

Israel: Police Arrest Brothers Suspected of Partaking in Bitfinex Hack and Crypto Phishing Scams

June 24, 2019 by Aisshwarya Tiwari at Crime, News

According to a June 21, 2019, article by local crime news outlet Posta, Israeli police has arrested two brothers named Eli Gigi and Assaf Gigi on the suspicion of partaking in cryptocurrency phishing attacks and getting involved in the infamous 2016 Bitfinex hack. Brothers Nabbed The cyber unit of the...

Exchanging of Favors: Bitfinex and OKEx Mutually List Native Tokens

June 13, 2019 by Edoardo Vecchio at Exchange, News

OKEx announced on June 12, 2019, the listing of its native token OKB on cryptoexchange Bitfinex, along with USDK, a stablecoin co-developed by OKLink and Prime Trust. The two new entries to the Bitfinex roster will offer 9 new pairs, which officially opens nine new trading at 10:00 am (UTC)...

Tether (USDT) Market Cap Sees 65% Surge Since Bitcoin’s April Bull Rally

June 13, 2019 by Anthonia Isichei at News

Since the beginning of April 2019, Tether (USDT) market capitalization seems to be growing in tandem with the recent bitcoin price surge. The current USDT market cap which stands at $3.34 billion surged 65 percent since the bull rally on April 1, 2019. In the meantime, Tether’s current performance comes...

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