Cryptocurrency News
Cryptocurrency markets are retracing this Friday slightly as Bitcoin and Ethereum prices test new support levels. BTC is trading at $23.8k after rising to a high of $24.8k, while Ethereum is trading at $1.8k after peaking at $1.9k on Thursday. As expected during the weekend, the 24-hour trading volume for […]
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 […]
A lot of people were taken aback by Tether issuing a digital gold-backed token. The trading of XAUT on Bitfinex has begun, albeit demand is virtually non-existent. It is very different to “gamble” on the value of a token tied to gold. Who Wants to Trade XAUT on Bitfinex? Especially […]
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 […]
Tether has come under scrutiny time and time again in the past year and a half. It now appears the company faces another lawsuit in Washington State. The new lawsuit was filed on November 22, and addresses both Tether and Bitfinex. Another day in Court for Tether and Bitfinex It […]
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 […]
At press time, the father of cryptocurrency is trading for over $5,700. While this isn’t as high as it was during the first half of the week ($5,800), it’s still far better than where it stood during our previous price article. It’s also good to see bitcoin maintaining its $5,000+ […]
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 […]
Just like a moth to a flame, Tether always finds a way to steer itself into controversy. In the past, the crypto community has questioned its U.S dollar pegging. Some reports have also accused the stablecoin of being used to influence bitcoin’s price. And now, it’s back on the headlines […]
Bitcoin is still struggling at $3,600, with the currency unable to break above $4,000 in the past month. However, this is the perfect time to stock up on bitcoin according to Zhao Dong. Dong is a Chinese crypto investor who continues to be one of the largest over-the-counter traders globally. According […]
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, […]
At press time, the bitcoin price is unchanged from yesterday and the day before and is still hovering in the $6,500 range. The currency is keeping its distance from both the bulls and the bears; digging its heels deep into the dirt and refusing to move in any direction for […]
Now that Tezos has officially launched its main net, users are looking for ways to capitalize on this momentum. A few interesting developments have taken place as the main net launch happened, and the following three developments are well worth keeping an eye on. All of these changes can have […]
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 […]