Tag Archives: Bitfinex

What Is IOTA (MIOTA)? | A Complete Guide to the IoT Cryptocurrency

What Is IOTA (MIOTA)? | A Complete Guide to the IoT Cryptocurrency

What Is IOTA? IOTA stands for Internet of Things Application, and it’s a crypto technology that facilitates transactions between devices on the Internet of Things (IoT). IOTA addresses the transaction fees and scalability issues of blockchain technologies by getting rid of the block and chain. Instead, in order to submit a transaction to the IOTA ledger, you […]

Crypto Exchange Bitfinex Denies Allegedly ‘Fake’ Tether Volumes Listed on CoinMarketCap

Crypto Exchange Bitfinex Denies Allegedly ‘Fake’ Tether Volumes Listed on CoinMarketCap

Major crypto exchange Bitfinex has responded to a recent media report that accused the exchange of publishing trading volume data from “a market that doesn’t exist,” in a tweet posted Oct. 23. The controversy centers on an article from crypto media outlet CoinDesk, which had alleged that Bitfinex’s data on popular crypto statistics aggregator CoinMarketCap (CMC) was misleadingly inflated by reporting […]

Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

Tether ‘Didn’t Do a Great Job on Transparency,’ Claims Investor Mike Novogratz

Stablecoin Tether (USDT) should create more “transparency” about its operations, cryptocurrencyinvestor and entrepreneur Michael Novogratz told Bloomberg Oct. 18. Speaking in an interview, Novogratz, whose Galaxy Digital investment company is active in the cryptocurrency space, said he favored alternative stablecoins pegged to the U.S. dollar with known U.S. banking connections. “I think Tether didn’t do a great job in terms of creating […]

Bitfinex Launches ‘New, Improved’ Deposit System Amid Market Chaos

Bitfinex Launches ‘New, Improved’ Deposit System Amid Market Chaos

Bitfinex exchange today announced an upgrade to its fiat currency deposit system, after causing a stir last week by briefly halting U.S. dollar, GBP, EUR and Japanese Yen deposits. The company’s “new, improved and increasingly resilient […] system” was detailed in an official blog post: A user wishing to initiate a fiat deposit on Bitfinex will create a […]

Bitcoin Price Is Defending One Key Support for the Fifth Month Running

Bitcoin Price Is Defending One Key Support for the Fifth Month Running

Bitcoin (BTC) defended a key long-term price floor as it recovered from the three-week lows near $6,200 hit on Friday. The leading cryptocurrency looked set to pierce the 21-day exponential moving average (EMA), which has been serving as a strong support since June, having witnessed a strong bearish move last Thursday. However, yesterday’s tether-led rally in BTC ensured that the crucial […]

This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto

This May Be the End of Bitfinex, One of the Biggest Exchanges in Crypto

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) exceeded $7,700. This unexpected surge in the […]

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

Are crypto whales ramping up manipulation to shut-down the possibility for an ETF approval?

The cryptocurrency markets experienced another dramatic crash yesterday, with almost two weeks’ worth of upside being completely undone within a matter of 12 hours. Just as Bitcoin was slowly working its way out of the $6,200 level to $7,400, it quickly crashed all the way back to a low of $6,250, taking Ethereum and the […]

Bitcoin Drops to $6,900 After Mysterious Whale Moves Over $100 Million To Crypto Exchanges

Bitcoin Drops to $6,900 After Mysterious Whale Moves Over $100 Million To Crypto Exchanges

Bitcoin has recently seen its price drop to little over $6,900 after it lost over $400 in only 90 minutes. The flagship cryptocurrency’s plunge notably comes shortly after a whale associated with the now-defunct Silk Road marketplace moved thousands of BTC to crypto exchanges. As CryptoGlobe reported, a bitcoiner that had been dormant since March 9, […]