Cryptocurrency News
Over the years, there have been multiple cryptocurrency hacks and thefts. Some of these ventures have been resolved successfully, whereas others go dormant and suddenly note follow-up activity. The year is 2016 when cryptocurrency exchange gets hacked. Illicit Bitfinex Funds Find a new Home During this incident, the company notes […]
In the cryptocurrency world, there are often concerns regarding market manipulation and price rigging. Bitfinex wants to nip that situation in the bud through its new Shimmer tool. It is up to centralized trading platforms to prevent price manipulation or price rigging at all times. Shimmer is an interesting Concept […]
Tether has proven to be a very popular stablecoin in the cryptocurrency. It is also making Bitfinex a ton of money, and will likely continue to do so for some time to come. With a market cap of $4.655 billion at the time of writing, Tether remains incredibly popular. Tether […]
Bitfinex and Tether have come under a lot of scrutiny in recent years. So much even that an official lawsuit was filed against both of these companies. Both Tether and Bitfinex were allegedly involved in bitcoin price manipulation. The Tether Manipulation Lawsuit is Revised Those claims have never been officially […]
Over the years, there have been numerous allegations of wrongdoings by the Bitfinex exchange. None of those claims have ever been proven. In a recent announcement, the company claims it too fell victim to the business practices by Crypto Capital. A somewhat surprising turn of events, albeit it would explain […]
It has been one of the dominating revelations in recent times for the crypto industry. The $850 million Bitfinex-Tether scandal has grabbed all the headlines in the past month. Since the New York Attorney General announced an investigation into the two firms, the industry has waited with bated breath to […]
Tether is on the spotlight, again. This time, the largest stablecoin in the market is at the center of an alleged $850 million cover-up. The New York attorney general Letitia James obtained a court order yesterday enjoining iFinex Inc., the operators of Bitfinex as well as Tether Limited, accusing the […]
Bitcoin users have often been a target for law enforcement agencies and governments. In the United States, that scrutiny is even bigger compared to most other countries around the world. One 22-year-old Bitcoin trader has now been sentenced to two years in prison and forfeiting financial assets for trading and […]
Global crypto exchange king Binance and the controversial Bitfinex are the only two exchanges in the top 25 not wash trading their Bitcoin trading volumes. This is according to a report by the Blockchain Transparency Institute. The report unearthed massive volume manipulation and misrepresentation on major exchanges including OKEx, CoinBene, […]
It would appear Tether’s stability struggles are not over just yet. The current still remains below $0.97 for the second day in a row, and it seems retaking the $1 level will be challenging. In fact, the only exchange trading USDT at the correct price is Bitfinex, which won’t really […]
Decentralized exchanges have been touted as the future of the market, especially since they give back the control to the users as Satoshi first set out to do when he developed Bitcoin. However, despite the great promise, they have failed to gain traction, with even the most popular struggling to […]
It has been a very interesting year for cryptocurrency. Wild price fluctuations and regulatory developments have put a brand-new perspective on things. One would almost forget Bitfinex was hacked just over a year ago, forcing the company to issue IOU tokens and reduce user balances. The Bitfinex Hack: One Year […]
There are numerous theories regarding the roller coaster market movements of cryptocurrency over the past year. A popular one revolves around the use of Tether (USDT) to inflate the price of Bitcoin during the bull market, and deflate it on the way down. However, a June 20 report suggests the […]
Rumors regarding Bitcoin and price manipulation have been present for quite some time. It seems things are accelerating in this regard, with multiple investigations taking place as of right now. A new study indicates that Tether may have been involved in market manipulation in more ways than one. The Tether […]
Arbitrum’s value has seen a continuous decline as the new trading week unfolds, with a 4% decrease recorded today. Spotonchain reports indicate that Wintermute Trading has made additional deposits of 5 million ARB ($8.24 million) to Binance, averaging at $1.65 over the past 6 hours. Notably, this market maker has […]
In the last 24 hours, the cryptocurrency market experienced a noticeable downturn, leading to a decrease of over 2% in the global crypto market value. Ethereum (ETH) encountered a rapid decline of more than 15% within just five hours, plummeting to as low as $3,220. However, it swiftly bounced back, […]
Today, Polygon MATIC token is exhibiting a range-bound behavior, encountering slight selling pressure in the early trading hours. The selling pressure emanated from reports provided by Spotonchain, indicating that Wallet 0xa31, associated with the Hermez Network, deposited 3 million MATIC tokens ($2.85 million) to Kraken at an average price of $0.95 […]
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced a remarkable surge, reaching $2,800 for the first time since May 2022. #Bitcoin Breaks $52k#Ethereum Breaks $2,800 🔥🚀 pic.twitter.com/hSZsn89k0J — CoinEcho (@mycoinecho) February 15, 2024 This notable increase of 24% since February 1, 2024, underscores renewed optimism among analysts and […]