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Bitfinex News

The Bitfinex exchange is a popular platform for exchanging cryptocurrencies, also hosting spot and derivatives trading as well as certain lending, borrowing and staking features. Bitfinex came into existence in 2012. Bitfinex fees for spot trading are 0.10% for maker orders and 0.20% for taker orders. For derivatives trading, maker orders give customers a 0.02% rebate, while taker orders incur a 0.075% fee. Trading fees vary for each customer based on their trading volume and activity. Bitfinex also has its own utility crypto token called Unus Sed Leo (LEO). Because it restricts a number of regions, Bitfinex U.S. customers are not allowed. On Bitfinex, KYC and Anti-Money Laundering procedures are employed.

Back in 2016, there was a Bitfinex hack in which 119,756 Bitcoin (BTC) was stolen. Back then, 119,756 BTC was valued at about $72 million total.

Top News

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Bitfinex and Tether have replied to the Attorney General’s affirmations against case dismissal by arguing that they did not serve New York customers.

Bitfinex and Tether Double Down on Claim of No Customers in New York

2019-07-23T01:39:00+01:00

6146

Tether vs. New York: Regardless of who wins or loses, crypto will keep growing.

Tether’s Trouble With New York Attorney General — Will Crypto Cope?

2019-07-19T17:50:00+01:00

7621

Hodler’s Digest

Trump tells the world what he thinks of Bitcoin, Facebook vows to cooperate with Congress on Libra, and an angry mob descends on Tron’s office in Beijing.

Hodler’s Digest, July 8–14: Top Stories, Price Movements, Quotes and FUD of the Week

2019-07-14T23:35:00+01:00

7840

Stablecoin operator Tether mistakenly minted five billion USDT tokens on the Tron blockchain.

Tether Mistakenly Mints, Then Immediately Burns $5 Billion USDT

Adrian Zmudzinski

2019-07-14T18:42:00+01:00

16925

New York-based Metropolitan Commercial Bank has shut down the accounts of stablecoin issuer Tether.

Metropolitan Commercial Bank Shuts Down Tether’s Accounts

2019-07-10T19:38:00+01:00

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The office of the New York Attorney General has filed a memorandum arguing that its case against Bitfinex and Tether should proceed.

New York Attorney General Fights Dismissal Motion in Bitfinex, Tether Case

2019-07-09T21:45:00+01:00

6196

Bitfinex has committed to using 27% of Tokinex’s past and future revenue for burning the LEO utility tokens.

Bitfinex to Use 27% of Tokinex Revenue to Burn LEO Tokens

2019-07-08T22:35:00+01:00

4245

Cryptocurrency exchange Bitfinex announced that it repaid $100 million of outstanding loan facility to stablecoin operator Tether.

Crypto Exchange Bitfinex Repaid $100 Million to Stablecoin Operator Tether

Adrian Zmudzinski

2019-07-02T17:36:00+01:00

4668