-Bitcoin news, price, information & analysis
Bitcoin price is trading above the psychological $4,000 mark. Prices are held within a $800 range with upper limits at $4,500 BitFinex and ETHFinex under maintenance DX Exchange rolls out, support Bitcoin Still, Bitcoin prices are consolidating within an $800 but likely to break above $4,500 triggering conservative...
Stablecoins have been a point of contention in recent months especially for Bitfinex and its Tether auditing fiasco. In order to alleviate some of the concerns the crypto exchange has announced that it will list a further four stablecoins. More Stablecoins in The Crypto Cauldron Bitfinex still holds...
Tether Burns Half a Billion USDT Coins in an Act of RedemptionAn ongoing criminal probe into potential Bitcoin price manipulation conducted by the U.S. Department of Justice has begun to take a closer look at how Tether and crypto exchange Bitfinex may have played a role in Bitcoin’s...
Converting crypto to fiat is not cheap anymore, at least on Bitfinex. The Hong Kong-based digital assets exchange on Sunday updated its fee structure for high-frequency wire withdrawals. It effectively imposed a 3 percent commission cut on all external wire withdrawal requests that would exceed 1) more than two...
Tether Limited, the issuer of stablecoin Tether (USDT) wholly-owned by Bitfinex, has opened a bank account with Bahamas-based Deltec Bank. The move follows a long process of due diligence review of the company, including the ability to maintain the USD peg at any moment in time, the announcement says. Deltec...
In their recent blog post, Tether, the parent company of a USDT stablecoin, announced a token burn that will permanently eliminate 500 million units. Yesterday, the company announced that the burning process had been completed. Tether has just destroyed 500M USDt from the Tether treasury wallet with the...
Bitfinex’ed, a long-time critic of Bitfinex and Tether LLC, a company that oversees the development of stablecoin Tether (USDT), has stated in an interview with Modern Consensus that the “pretend KYC/AML” system of Bitfinex is preventing the exchange from obtaining banking services. For years, from the shutdown of...
As Tether faces credibility issues in the cryptocurrency market, holders are taking a 5 percent haircut as they exchange the stable coin for other cryptocurrencies, including Bitcoin, on the Bitfinex exchange. The increased fear that each token issued may not be backed by one U.S. Dollar has resulted in...
After a seemingly endless cycle of non-action, the crypto market finally saw a spark of life on Monday, as fears of a Tether ‘bank run’ hit newfound highs, while confusion strong-handed investors into making moves. In the span of just a few hours, exchanges recorded billions of dollars...
After last week’s price drop, investors have become optimistic in the positive short-term trend of crypto. The new bull run is being led by Bitcoin, which has managed to regain and exceed its former bottom of $6,000. According to the data provided by Bitfinex, BTC against Tether (USDT)...
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