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“We are delighted to be the first company to be awarded this license,” Paolo Ardoino, chief technology officer at Bitfinex, said in the statement. “It will enable Bitfinex Securities to facilitate the issuance and secondary trading of assets with clearly defined rights and obligations as outlined in the new digital
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Since May 2022, the Bitcoin (BTC) margin markets on the Bitfinex exchange have been plagued by an unusually high open interest of over $2.7 billion. This information alone should raise a red flag, especially in light of Bitcoin's price decline from $39,000 to less than $25,000 during the same period.Traders
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Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, revealed data from blockchain security firm PeckShield on Feb. 2. The address received $6 million in Tether (USDT) and $2.5 million in Ether (ETH) from crypto exchange Bitfinex’s hot wallet,
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An Ethereum wallet that belongs to bankrupt trading firm Alameda Research quietly received $6 million from Bitfinex's hot wallet overnight, according to Nansen data. Source
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After FTX collapsed, the incident prompted many major crypto exchanges to publish proof-of-reserves and lists of known addresses so users can verify the solvency of the trading platforms. While the veracity of these proof-of-reserve lists and asset dashboards is debatable, they do provide some insight into the large sums of
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The ongoing crypto bear market has proven itself to be a builders market as investments continue to find projects with promise.Onomy, a Cosmos blockchain-based ecosystem, just secured millions from investors for the development of its new protocol. The project merges decentralized finance (DeFi) and the foreign exchange market to bring
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Tether and Bitfinex had filed a request to remove Roche's entire law firm from the case. Judge Katherine Polk Failla said that the firm's continued participation in the case could derail litigation, the report said. "The metaphorical baggage they now carry is not in the best interests of the class,"
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Sept. 12 will leave a mark that will probably stick for quite a while. Traders at the Bitfinex exchange vastly reduced their leveraged bearish Bitcoin (BTC) bets and the absence of demand for shorts could have been caused by the expectation of cool inflation data.Bears may have lacked confidence, but
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The launch of El Salvador’s bitcoin bonds, issued to finance part of the construction of the Bitcoin City in the country, will be delayed again. In a recent interview Paolo Ardoino, CTO at Bitfinex, the exchange in which these bonds will be offered, stated that the law framework needed for
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The founding partner of upstart law firm Roche Freedman had been accused of starting frivolous class action lawsuits to harm competitors of blockchain project Avalanche. Source
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