#LEO News

Bitfinex Granted Short-Term Legal Relief by New York Supreme Court

September 25, 2019 by Ashwath Balakrishnan at Altcoins

The New York Supreme Court has ruled in favor of Bitfinex for a motion to refuse document submission until the appeal for whether this is even the correct jurisdiction for the case has been decided. According to Forbes, this is merely short term relief, as if the appeal by iFinex is...

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...

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)...

Bitfinex Tree Glowing Raising Funds Tether

Bitfinex CTO Says Exchange Raised $1 Billion Through Private Placement

May 13, 2019 by Ashwath Balakrishnan at Bitcoin, Exchange, Investment

Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, claims the company has raised capital for its billion-dollar initial enterprise offering (IEO) through private placements from investors in iFinex Ltd, the parent of both Bitfinex and Tether, in a tweet on 13 May, 2019. The claims come at a time when Bitfinex...