Tether’s ‘new era for capital raises’ Bitfinex bond flops
Bitfinex’s recently launched Tether (USDT) tokenized bond, hailed as a “new era for capital raises,” appears to have failed to garner the investment and interest the firm anticipated.Bitfinex Securities, a platform focused on listing tokenized real-world assets (RWA), ann ...
Tether, Bitfinex agree to drop opposition to FOIL request
Tether and Bitfinex have jointly agreed to drop initial opposition to a freedom of information (FOIL) request lodged in New York by a number of high-profile news publications.A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is ...
Bitfinex users fall for ‘minor’ phishing attack after employee gets hacked
Cryptocurrency exchange Bitfinex said it suffered a “minor” information security incident after one of its customer support agents was hacked earlier in the week (Oct. 30 — Nov. 5).It led to a spree of phishing attacks against Bitfinex users but little damage was done, th ...
CME Bitcoin futures hit record high, but uncertainty looms above $36K
Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.B ...
Bitfinex Securities announces tokenized bond
Bitfinex Securities, a platform focused on listing real-world tokenized securities has announced its first tokenized bond that will be listed later in November this year. The new tokenized bond called ALT2611 is a 36-month, 10% coupon bond, denominated in USDT and issued by Mikro Kapital, one of ...
Individual charged with money laundering admits to hacking Bitfinex in 2016: Report
One-half of the couple alleged to have laundered billions of dollars worth of cryptocurrency has reportedly admitted he was behind the 2016 Bitfinex hack.According to an Aug. 3 CNBC report, Ilya Lichtenstein told a U.S. court he was the individual behind an exploit of cryptocurrency exchan ...
Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
Tether continues to increase its treasury reserve holdings backing circulating USDT (USDT) tokens, according to its latest financial attestation for the second quarter of 2023.Tether Holdings published its Q2 attestation from accounting firm BDO, highlighting an $850 million incr ...
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors
The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement with authorities in the United States.According to records filed with the U.S. District Court for the District of Columbia on July 21, ...
US Homeland Security returns $314K from 2016 Bitfinex hack
Via a July 6 announcement, cryptocurrency exchange Bitfinex says it has received $312,219.71 in cash and 6.917 in Bitcoin Cash (BCH) from the United States Department of Homeland Security. The seizure was conducted in cooperation with U.S. Customs and Border Protection. According to Bitfinex staf ...
Crypto Biz: Binance’s chaotic June, miners gear up for halving, Bitfinex’s Latam expansion
June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership.In a nutshell, over the past 30 days, the Belgian financial regulator ordered Binance to ce ...
Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia
Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia.In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South American nations to buy and sell Bi ...
Tether CTO clarifies $1B USDT mint on Ethereum is for chain swaps
Tether minted a fresh batch of $1 billion worth of its Tether (USDT) stablecoin on the Ethereum blockchain on June 12. The latest billion-dollar mint for the stablecoin issuer comes within two months of its last mint on April 21.Tether’s chief technology officer Paolo Ardoi ...
Ex-NFL team owner Reggie Fowler gets 6 years for crypto ‘shadow banking’
Reginald Fowler, a former NFL team owner, has been sentenced to six years of prison for operating as a “shadow bank” to the crypto sector, which involved over $700 million in unregulated transactions over a 10-month timespan in 2018.The 63-year-old, who was a co-owner of the Mi ...
Liquidity Shift: Ether Withdrawals Surge from U.S. Exchanges Amid Regulatory Pressure
It's Binance, Bitfinex, OKX, Coinbase and Kraken At the same time, ethers began to actively leave U.S. exchanges Experts believe other cryptocurrencies will soon begin to leave the U.S. According to a Kaiko report, 72% of ETH liquidity is concentrated ...
Bitget Adds Liquid Staking Derivatives as Margin Option for BGB-Margined Futures
Bitget, a crypto exchange, has recently announced the inclusion of liquid staking derivatives as a margin option for BGB-margined futures, making it the first centralized exchange to bring such a product to the market. Bitget Margined Futures is a product designed for cryptocurrency enthusiasts t ...
Bitget’s BGB Token Update: New Features and Listing on Bitfinex
Bitget, one of the leading exchanges for trading crypto derivatives and copy trading, has released an updated version of the BGB White Paper. The new paper introduces innovative features of the BGB token, such as a burn mechanism and a BGB raffle. Bitget is also increasing the liquidity and av ...
Bitfinex becomes the first licensee of El Salvador’s NCDA regulatory body
Bitfinex, a leading cryptocurrency exchange, has achieved a significant milestone by becoming the first licensee of the National Commission for Digital Assets (NCDA) in El Salvador. This regulatory body oversees the country's digital asset industry, and Bitfinex has secured a Digital Asset Servic ...
Tokenized Gold Market Capitalization Reaches $1.02 Billion
The market for tokens linked to the price of gold has reached a total capitalization of $1.02 billion. PAX Gold and Tether Gold are the two dominant players in this market, accounting for 99% of the tokenized gold capitalization. These tokens provide a stablecoin option but are not pegged to f ...
Tether: The Controversial Stablecoin and Its Ongoing Audit Concerns
The world of cryptocurrencies is rife with opportunities and challenges. Each cryptocurrency comes with its own set of benefits and drawbacks. While some cryptocurrencies are overlooked by regulators, others face technical difficulties. For instance, Ripple is currently under the radar of regulat ...