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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 shareholder Zhao Dong has reportedly revealed that the exchange has allegedly sealed $1 billion in both hard and soft commitments.

Bitfinex Shareholder Says $1 Billion in Private Purchases Already Sealed for Upcoming IEO

2019-05-10T11:20:00+01:00

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Joseph Lubin, founder of blockchain tech company ConsenSys, said that the situation with cryptocurrency trading platform Bitfinex will not likely get better.

Joseph Lubin on Bitfinex: It Seems Like a Really Big Mess That Probably Won’t Get Better

2019-05-09T21:57:00+01:00

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The IEO will begin as a private token sale lasting through May 11, with a public phase to follow at Bitfinex’s discretion.

Bitfinex Confirms Initial Exchange Offering to Raise Up to $1 Billion in Tether

2019-05-08T11:06:00+01:00

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Tether, Bitfinex fight back against New York attorney general’s legal claims, as the stablecoin maintains stability.

Tether, Bitfinex Stay Afloat Amid Controversy

Gareth Jenkinson

2019-05-07T12:15:00+01:00

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Judge Joel M. Cohen refused to dismiss the court order entirely, but took aim at the “amorphous and endless” nature of its accusations.

New York Judge Criticizes Attorney General Claims Against Bitfinex, Tether

2019-05-07T12:00:00+01:00

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A legal document says the case against the companies lacks basis and uses an incorrect legal standard.

Bitfinex, Tether Formally Contest US Court Case Over Alleged $850 Million Fraud

2019-05-06T12:02:00+01:00

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CoinMarketCap’s website explains that prices can be manually excluded from its bitcoin average if it “does not seem indicative of a free market price.”

Bitfinex’s Price for Bitcoin, $300 Higher than Market Rate, Excluded from CoinMarketCap

2019-05-06T11:50:00+01:00

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Hodler’s Digest

Stablecoin tether is apparently only backed 74% by cash reserves, and Elon Musk and Vitalik Buterin get friendly on Twitter.

Hodler’s Digest, April 29 – May 5: Top Stories, Price Movements, Quotes and FUD of the Week

Molly Jane Zuckerman

2019-05-05T20:36:00+01:00

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