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bitfinex


Phil Potter, chief strategy officer for cryptocurrency exchange Bitfinex, has reportedly left the company. Reuters reported Friday that Potter, who is also a director of the ‘stablecoin’ issuing company Tether, will be temporarily replaced by Jan Ludovicus van der Velde, Bitfinex’s CEO. A spokesperson told the news service that the parting was “mutual” in nature. …

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Nearly six months after parting ways with its auditor, Tether has finally produced a third-party report proclaiming that its cryptocurrency is fully backed by U.S. dollars – with some big caveats. The state of Tether’s reserves has been the subject of controversy for months, with online critics claiming the company has been issuing more tokens …

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The U.S. dollar-pegged tether has been used to support bitcoin’s price during market downturns, a new study published by University of Texas at Austin professors. John Griffin and Amin Shams, of the University of Texas at Austin’s Department of Finance, published a study Wednesday linking the stablecoin with bitcoin’s prices during the 2017 price increases. …

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The top U.S. futures regulator has denied a Freedom of Information Act (FOIA) request related to cryptocurrency exchange Bitfinex and the closely-linked ‘stablecoin’ operator Tether, according to records obtained by CoinDesk. The FOIA request, sent in late February, sought “subpoenas issued to iFinex inc. also known as Bitfinex and it’s subsidiary companies, as well as subpoenas …

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Trust, but verify. Borrowed from a Russian writer, it’s one of crypto’s most widely embraced slogans, though one that’s becoming even more relevant on social media, where battling factions bent on promoting the next great high-tech investment are now turning the very symbols meant to protect users against them. Whether it’s an account impersonating the world’s largest …

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New York’s attorney general is taking a closer look at some of the world’s most popular cryptocurrency exchanges. Attorney General Eric Schneiderman announced the “Virtual Markets Integrity Initiative” on Tuesday, saying it was “a fact-finding inquiry into the policies and practices” of cryptocurrency trading platforms. Letters were sent to 13 exchanges, seeking information about their “operations, …

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Bitfinex is pushing back against allegations it is involved in a money laundering case in Poland. The cryptocurrency exchange told CoinDesk on Tuesday that it conducted an “internal investigation of its international organization,” and found no connection between its operations and the two shell companies accused of defrauding the Belgian government and laundering funds in …

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Cryptocurrency exchange Bitfinex denied claims it was involved in a money laundering case in Poland on Tuesday. The startup told CoinDesk it conducted an internal investigation of its international organization, and found no connection to two shell companies accused of defrauding the Belgian government and laundering funds in Colombia. The exchange wrote that “based on …

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Tether, the altcoin backed by fiat currencies USD and EUR, has issued another 300 mln USDT tokens priced at $1 per token on Tuesday March 20, according to data from Omni Explorer. In mid-February, Tether had released 86 mln in euro-backed EURT and 61.1 mln in US dollar-based USDT on the Ethereum (ETH) Blockchain. Bitfinex’ed, …

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Earlier this month, cryptocurrency trader Sylvain Ribes investigated into the volumes of most small-scale cryptocurrencies and discovered that the trading volume of OKEx, the fourth largest cryptocurrency trading platform in the world, is mostly inflated. Inflated volumes Ribes, who initially set out to conduct a study on the liquidity of cryptocurrencies and digital assets, utilized …

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Anonymous blogger Bitfinex’ed, who markets his or her blog as a place for “exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether,” has reportedly hired D.C.-based lawyer Steven Palley as part of a potential legal battle between the blogger and the exchange. Bitfinex is currently the third ranked exchange by volume over a 24 hour period …

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“Bitfinex’ed,” the pseudonymous blogger and persistent critic of cryptocurrency exchange Bitfinex, has hired a prominent lawyer amid a long-running battle with the controversial company. Stephen Palley, a partner at the Washington, D.C.-based law firm Anderson Kill, fired off a sternly worded letter Monday to Bitfinex’s general counsel, Stuart Hoegner. In the letter, a copy of …

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Vitalik Buterin, co-founder of Ethereum, presented a Blockchain scaling solution called Plasma Cash, an even “more scalable” version of an existing solution called Plasma, during a talk live streamed on YouTube at the Ethereum Community Conference in Paris on Friday, March 9. Plasma Cash was developed by Buterin and developers Dan Robinson and Karl Floersch. …

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2. To be centralized means to trust somebody else to handle your money. In the past, the word “centralized” was a given for all institutions that managed finances.To be centralized means that there is a trusted middleman to handle whatever asset may be in a trade. In a bank, for example, a customer gives their …

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Tanzeel Akhtar is an independent British journalist whose work has been published in the Wall Street Journal, CNBC, FT Alphaville, Investing.com, Forbes, Euromoney and Citywire. Often, when a cryptocurrency tanks, holders of a rival coin will tease them with “SFYL” – sorry for your loss. But the entire industry needs to keep an eye on …

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Dutch financial group ING (INGA.AS) has confirmed that Bitfinex, one of the world’s largest Bitcoin exchanges by daily trading volume, has a bank account with them in the Netherlands, Reuters reported Tuesday, Feb. 20. In an email to Reuters, ING spokesperson Harold Reusken confirmed that Bitfinex has a bank account with ING in the Netherlands. …

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While Bitcoin (BTC) dominance is up and Bitcoin transaction fees are down, the crypto market is seeing an overall downturn by press time, Wednesday, Feb. 21, with all of the top 30 coins on CoinMarketCap in the red. Bitcoin dominance, or BTC’s market cap as a share of the total market cap for all cryptocurrencies, …

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Crypto exchange platforms Coinbase and Bitfinex both announced yesterday, Feb. 20, that they are now ready to implement the Segregated Witness (SegWit) scalability upgrade for Bitcoin (BTC). Coinbase tweeted the announcement that it has finished the final testing stages of SegWit for Bitcoin on the platform and is aiming for a 100 percent launch to …

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ING Groep NV confirmed Tuesday that cryptocurrency exchange Bitfinex has an account with the Dutch bank. According to Bloomberg News and Reuters, a spokesperson for the financial services company acknowledged Bitfinex’s account but declined to share any other information, citing confidentiality. The reports made no mention of Tether, the affiliated company behind the USDT token …

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Hong Kong’s financial regulator vowed to keep “policing” cryptocurrency and ICO markets Friday during a fresh warning to potential investors. In an announcement from the territory’s Securities and Futures Commission (SFC), CEO Ashley Alder said that following a vetting of exchanges and ICO providers for compliance, “market professionals” should also play their role in ensuring …

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