Tag Archives: Bitfinex

Bitcoin Transaction Volume Hits Two-Year Low, Despite Rock-Bottom Fees

Bitcoin Transaction Volume Hits Two-Year Low, Despite Rock-Bottom Fees

Bitcoin’s sideways price action has led to the lowest number of confirmed transactions per day since March 2016, according to Blockchain.info. Data shows BTC transactions falling in line with downward trends in price since the all-time highs of December 2017. The number of transactions reached a two-year low on Feb. 26 with only 180,000 confirmed transactions, while Sunday, March 4 saw […]

Crypto Market In The Red Despite Bitcoin Transaction Fees Dropping, Dominance Rising

Crypto Market In The Red Despite Bitcoin Transaction Fees Dropping, Dominance Rising

While Bitcoin (BTC) dominance is up and Bitcoin transaction fees are down, the crypto market is seeing an overall downturn by press time, Wednesday, Feb. 21, with all of the top 30 coins on CoinMarketCap in the red. Bitcoin dominance, or BTC’s market cap as a share of the total market cap for all cryptocurrencies, is at a monthly […]

SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

SegWit Finally Embraced by Coinbase and Bitfinex, Bright Future Ahead

Today, Coinbase — cryptocurrency exchange, brokerage, wallet, and operator of GDAX — and Hong Kong-based exchange Bitfinex have announced the implementation of P2SH Segregated Witness (SegWit). As per the companies’ tweets, users will experience improved transaction processing times and lower fees across the Bitcoin network. Coinbase ✔@coinbase Our engineering team has finished testing of SegWit […]

‘V’ Recovery? ETC Posts Big Gains In Sideways Market

‘V’ Recovery? ETC Posts Big Gains In Sideways Market

The price of ETC, the native currency of the ethereum classic blockchain, is reporting double-digit gains Tuesday, a move that effectively recovers losses seen over the last two weeks. As of writing, ETC is changing hands at $31.70 on Bitfinex, having clocked a two-week high of $32.90 earlier in the day’s trading session. The cryptocurrency […]

Institutional Investors Will Bet Big on Cryptocurrencies in 2018

Institutional Investors Will Bet Big on Cryptocurrencies in 2018

Unlike the stock market, which is seeing its eight-year bull run thanks, in part, to institutional investors, crypto-markets are dominated by individual investors. This is evident by almost every metric. Crypto-exchanges, which are havens for individual investors, are overwhelmed. Popular crypto-exchange, Binance recently revealed that they added 250,000 new users in a single day. Kraken is onboarding 50,000 new […]

Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading

Ripple Price Drops to 2.5-Week Low, Eyes Sideways Trading

Ripple’s XRP token fell to a 2.5-week low today, and is looking at a more or less sideways movement in the short-term, chart analysis suggests. The world’s third-largest cryptocurrency by market capitalization fell to the low of $1.23 at 09:54 UTC today before regaining a little poise, data source CoinMarketCap indicates. Further, XRP is still down […]

Binance, Bitfinex, Bittrex Temporarily Say No to New Users

Binance, Bitfinex, Bittrex Temporarily Say No to New Users

With the surging price of cryptocurrencies, demand has reached the point where cryptocurrency exchanges are completely swamped. This massive influx of users has led to major infrastructure concerns leading to the temporary closure of their registration portals. Throughout the last half of 2017, digital currency exchanges have posted record numbers of user signup. Binance is reporting the […]

Bitfinex Hires Law Firm to Challenge Critics

Bitfinex Hires Law Firm to Challenge Critics

Bitfinex has hired the law firm of Steptoe & Johnson and is threatening legal action against a pseudonymous blogger and others who it says have made false claims about the bitcoin exchange. In a statement, Bitfinex said it hired Steptoe to respond to such claims with “appropriate action,” including “possible litigation” against “various parties.” Jason Weinstein, […]