-Bitcoin news, price, information & analysis
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...
Unless otherwise, we expect traders to buy on dips in lower time frames all thanks to yesterday’s attempts of higher highs. Supporting this view are breaks above key resistance lines in Cardano while Tron might print above Sep 2018 highs today. Let’s have a look at these charts:...
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)...
A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted...
After months of bearish action, the Bitcoin price on Monday soared above $7,000 within a matter of hours. BTC/USD bounced from $6,269 earlier today to establish fresh highs towards $6,950, according to CoinMarketCap, adding approximately $9 billion to its market cap. On some exchanges, including Hong Kong-based BitFinex,...
The crypto market and Bitcoin investors were in for a shock on Monday morning, as Tether, a self-proclaimed “stablecoin,” fell 6% below its U.S. Dollar (USD) peg amid a growing sense of confusion within the cryptosphere. Tether, Bitfinex Worries Plague Crypto Market During the wee hours of Monday morning,...
Since the establishment of the first crypto-to-fiat platform, exchanges have been subject to intense scrutiny from banks, regulators, and most importantly, the consumers and investors themselves. Despite its veteran status in this nascent industry, Bitfinex isn’t exempt from this scrutiny, as a few too many controversies have rocked the Hong...
Japanese internet giant GMO has just announced plans to launch a new stablecoin backed by the Yen. The new coin will be called GMO Japanese Yen and is expected to arrive at some point in 2019. The company is already invested in mining hardware and cryptocurrency exchange businesses,...
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