Cryptocurrency Analysis and News Portal
DeversiFi, the decentralized exchange (DEX) spin-off of former Bitfinex sister exchange Ethfinex, has burned $20 million worth of its governance and utility token, Nectar (NEC).According to a statement, March 30, this is designed to drive DEX adoption after large centralized exchanges struggled to cope during the recent cryptocurrency sell-off.Governance
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As the cryptocurrency industry continues to mature, security remains a major challenge. Over the last few weeks, a number of cryptocurrency exchanges — namely, OKEx, Bitfinex, Digitex and Coinhako — have experienced security breaches.Although the attackers apparently did not manage to steal any funds, one of the incidents resulted
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Bitfinex, the 11th largest cryptocurrency exchange by daily trading volume, will remove dozens of cryptocurrency trading pairs later this week.According to a March 2 blog post, Bitfinex will remove 46 crypto trading pairs on Friday, March 6 due to low liquidity on the platform.The cryptocurrency exchange noted that the
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Hours after experiencing a major denial of service attacks (DDoS) attack, Bitfinex has announced it repaid another part of the loan facility to Tether.In a Feb. 28 blog post, Bitfinex revealed that the cryptocurrency exchange repaid $100 million of outstanding loan facility to major stablecoin operator Tether (USDT).Similarly to
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Late Saturday night on Feb. 15, Bitcoin (BTC) price briefly reclaimed the $10K mark after a tumultuous day of trading that saw the price drop 5.35% to $9,853. The possibility of a downside break was enhanced by Bitcoin’s failure to hold above $10,330 and for the past 4 days
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Over the past month, Bitcoin (BTC) has exploded higher. The leading cryptocurrency, after bottoming at $6,400 in the middle of December, has surged by nearly 50%, surging as high as $9,550 last week.Despite this, there are some that are currently skeptical of the ongoing rally. One such (claimed) skeptic is
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After launching trading of gold-pegged stablecoin Tether Gold (XAU₮) last week, Bitfinex now allows users to trade Tether Gold against Bitcoin (BTC).On Jan. 30, Bitfinex has rolled out three margin trading pairs for Tether Gold, a digital asset backed by physical gold, which was introduced by Bitfinex’s affiliate firm
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Bitfinex, the world’s seventh-largest bitcoin exchange by trade volume, has launched margin trading for Tether Gold (XAU₮), enabling traders to execute more advanced strategies on the yellow metal in a digital form.As of Jan 30, 12:00 UTC, traders are now able to execute on margin using Tether Gold against pairings
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One of the biggest names in crypto has joined in an ongoing argument about who will lead the class-action suit against Bitfinex and its affiliates over alleged market manipulation leading to Bitcoin’s 2017 bull run. Antonopoulos’s affidavitAmid a flurry of filings seeking to lead the class, Andreas Antonopoulos has come
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The premium of bitcoin on Bitfinex has dissolved in recent months. It is trading at a similar price range as spot exchanges and the last time it did, which was in August 2019, a brutal correction followed.There are many factors at play when bitcoin often enters a short-term bear market.
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