Bitfinex users can now paper trade their custom algo strategies
Honey Framework users have more than tripled, according to Bitfinex. Paper trading allows them to test their strategies without risking real capital. Go to Source Powered by WPeMatico
BitFinex
Auto Added by WPeMatico
Stablecoin Issuer Tether Says It Is a Victim of a 500 BTC Ransom Demand Infoleak Threat
Just days after the conclusion of its long-running feud with the Office of the Attorney General of New York, Tether says it is now a victim of an extortion attempt. According to the stablecoin issuer, the blackmailers are threatening to release documents they claim “will harm the bitcoin ecosystem” if their demand for the payment … Read more
Law Decoded: Loose ends and long dramas, Feb. 19–26
Longstanding sagas in crypto saw major plot development and even a conclusion or two in this week’s newsletter. Go to Source Powered by WPeMatico
Bitfinex and Tether Fined $18.5M in Settlement With NY Attorney General, Both Firms Barred From Trading in the City
Bitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019. In a statement on Tuesday, NY Attorney General Letitia James accused the two entities of hiding … Read more
Tether to report reserves and pay $18.5M fine after settlement with NYAG
New York regulators are forcing Tether to be fully transparent about its reserves, at the cost of not serving New York residents. Go to Source Powered by WPeMatico
Bitcoin ‘ascendant’ as GameStop saga unfolds, Bitfinex CTO says
The GameStop short squeeze and Bitcoin have a lot more in common than appears at the surface, according to Paolo Ardoino. Go to Source Powered by WPeMatico
Tether and Bitfinex seek further 30 days to produce critical trial documents
iFinex Inc needs another 30 days to produce trial documents for the New York Attorney General. Go to Source Powered by WPeMatico
Bitfinex Executives Deny Allegations of Issuing USDT to Pump BTC – “Tether Backed by Cash Assets and a Loan”
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin. However, both Hoegner and the company’s CTO Paolo Ardoino, are pushing back against the narrative that … Read more
The Reported Number of Stolen BTC Drops by 92% as ‘Bitcoin Security Appears to Be Improving’
The number of stolen bitcoins that were publicly reported in 2020 dropped to 4,472 coins or 0.02% of the digital asset’s circulating supply. This new figure represents a 92% drop from the 56,870 reported in 2019. When using current bitcoin prices, the 2020 thefts caused losses that are equivalent to $140 million versus the 2019 … Read more
Massive Exodus of Bitcoin Continues to Leave Exchanges, Over 87,900 BTC Withdrawn in 30 Days
Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase … Read more
