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Bitfinex’s recently launched Tether (USDT) tokenized bond, hailed as a “new era for capital raises,” appears to have failed to garner the investment and interest the firm anticipated.Bitfinex Securities, a platform focused on listing tokenized real-world assets (RWA), announced its first tokenized bond in October, called ALT2611 Tokenized Bond, with
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Tether and Bitfinex have chosen not to challenge the Freedom of Information Law (FOIL) request initiated by journalists, including Zeke Faux, Shane Shifflett and Ada Hui, whom they accuse of displaying “certain behaviors.” The companies allege that Faux’s prior reports on Tether and Bitfinex exceeded the boundaries of professional journalism. FOIL request
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Tether previously made a similar announcement after losing in court twice when attempting to block a June 2021 FOIL request filed by CryptoX. That request pertained to documents produced during the New York Attorney General's inquiry on allegations that USDT, the U.S. dollar-pegged stablecoin that Tether issues, was not sufficiently
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Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications.A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is committed to transparently sharing information following
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Cryptocurrency stablecoin company Tether shared on X that the plaintiff had ended the appeal in the multi-year courtroom battle. Tether initially denied allegations of misconduct via a written statement one day before the lawsuit was filed in 2019. A conclusion of legal proceedings In a blog post on the Tether website, the stablecoin issuer
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In an announcement shared with crypto.news on Nov. 15, Bitfinex Securities Ltd, the first global digital asset platform licensed and registered in the AIFC, has shared the news of its new tokenized bond, which has since gone live. The accompanying capital raise is set to run for two weeks, starting on
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Cryptocurrency exchange Bitfinex said it suffered a “minor” information security incident after one of its customer support agents was hacked earlier in the week (Oct. 30 — Nov. 5).It led to a spree of phishing attacks against Bitfinex users but little damage was done, the firm explained in a Nov.
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Whales are crypto investors who control large amounts of digital assets. Their crypto purchases and sales may have a sizable impact on markets, thus crypto watchers closely follow their behavior to anticipate market movements. Moving tokens to exchanges usually signals intention to sell, however, blockchain data doesn't show what happens
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The ALT2511 bond would start trading at the price of 100 USDT and has a minimum investment threshold of 125,000 USDT. Bitfinex Securities has revealed its plan to list its first tokenized bond – ALT2611 – next month. According to the announcement, ALT2611 is a 36-month offering that comes with a
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The Bitfinex Securities platform is preparing to issue its first tokenized bonds in November. According to Bitfinex CTO Paolo Ardoino, the tokenized bond, called ALT2611, is a 36-month 10 percent coupon bond denominated in US dollars and issued by one of the world’s leaders in microfinance, Mikro Kapital. According to the company,
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