Bitfinex

Stablecoin issuer Tether (CRYPTO: USDT) announced on Friday the appointment of Paolo Ardoino as its CEO, effective from December 2023. He will succeed Jean-Louis van der Velde, who will remain involved in an advisory capacity while maintaining his CEO position at crypto exchange Bitfinex...

Bitfinex's parent company, iFinex Inc., is considering a $150 million share repurchase to increase its influence over the crypto exchange's operations amidst rising regulatory attention. The Hong Kong-based iFinex, which has ties to the prominent stablecoin issuer Tether Holdings Ltd. (...

Crypto exchange Bitfinex is partnering with digital asset custodian Zodia Custody. What Happened: The agreement will allow Zodia's clientele to execute trades on Bitfinex while ensuring their assets are maintained via Interchange, an off-exchange settlement solution. Clients who hold...

In a recent analysis, experts raised concerns about the potential vulnerabilities in the Bitcoin (CRYPTO: BTC) market due to leveraged long positions that lack adequate spot buying support. The analysis came at a crucial time, especially as discussions around the future of digital assets gain...

Tether (CRYPTO: USDT) Thursday announced that it will discontinue its support for USDT on the Bitcoin (CRYPTO: BTC), Kusama (CRYPTO: KSM), and Bitcoin Cash (CRYPTO: BCH) blockchains. What Happened: The stablecoin issuer evaluated the current transport layers and determined their relevance in...

Bitcoin (CRYPTO: BTC) achieved a groundbreaking record in Argentina, with its value surpassing the 10 million Argentinian pesos mark. This significant milestone came against the backdrop of Argentina's ongoing economic challenges, with experts who highlighted the cryptocurrency...

Ilya “Dutch” Lichtenstein, a 35-year-old man from New York, has confessed to being the original hacker responsible for the 2016 cyberattack on cryptocurrency exchange Bitfinex.  What Happened: The attack resulted in the theft of approximately $4.5 billion worth of Bitcoin (CRYPTO:...

Analysts at crypto exchange Bitfinex have suggested that the Bitcoin (CRYPTO: BTC) market may be on the cusp of a new bull run. The report, which analyzes on-chain metrics and investor behavior, indicates that Bitcoin's Spent Output Profit Ratio (SOPR) and Net Unrealized Profit...

In the wake of a regulatory clampdown on crypto companies in the United States, Bitfinex and Tether (CRYPTO: USDT) CTO Paolo Ardoino believes that entities in the industry should rather focus on emerging markets than the U.S. and Europe. In an interview with Benzinga, Ardoino also affirmed his...

Paolo Ardoino, the chief technology officer of Bitfinex and Tether (CRYPTO: USDT), hinted at a potential escalation in regulatory scrutiny aimed at decentralized exchanges (DEXs), even as the U.S. Securities and Exchange Commission already initiated legal action against centralized...

U.S. federal prosecutors are asking for a seven-year prison sentence for a former minority owner of the National Football League's Minnesota Vikings who pleaded guilty to running a crypto shadow bank that lost $850 million in customer funds it was holding for the Bitfinex exchange. The hole in...

Former FTX Head of Institutional Sales Zane Tackett suggested the troubled exchange should be revived and offer a token representing creditor claims to give creditors some value. What Happened: He communicated this idea via Telegram, stating, "If they try and fail, it's not...

Tether (CRYPTO: USDT), faced a critical situation in late 2018 when its parent company and affiliates struggled to maintain access to the global banking system. A recent review of emails and documents revealed that the companies took the recourse of shadowy intermediaries, fake documents, and...

The crypto community was taken by surprise Tuesday when wallets associated with the now-bankrupt Alameda Research were once again active, transferring millions of dollars in FTX (CRYPTO: FTT) tokens. The source of these funds and how they were accessed has become a major point of concern...

With the recent earthquakes in Turkey having a devastating impact on the region, claiming thousands of lives and leaving many more people in need of aid and support, the global cryptocurrency community has stepped up to offer its support, with many local and international crypto exchanges...