#bitfinex

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Bitfinex Pay Lets Merchants Accept Payments In Crypto

Crypto News Point

Mar 7, 2021
2 min

Bitfinex Pay Lets Merchants Accept Payments In Crypto

Bitfinex, a state-of-the-art digital token trading platform, has announced the launch of Bitfinex Pay, a payment technology providing online merchants with a means of receiving contactless and borderless digital token payments. Whether you are a crypto-savvy yoga instructor, hobbyist jewelry maker, or the owner of an e-commerce platform, Bitfinex Pay offers a means of seamlessly accepting crypto payments. The Bitfinex Pay widget can be integrated into a website facilitating o

Report: Bitfinex And Tether To Pay $18.5 Million For Damages To The State Of New York

Crypto News Point

Feb 25, 2021
2 min

Report: Bitfinex And Tether To Pay $18.5 Million For Damages To The State Of New York

Report said that Bitfinex and Tether to pay $18.5 million for damages to the state of New York and submit to periodic reporting of their reserves. It has been reported that Bitfinex and Tether settled with the Office of the New York Attorney General in the landmark case against Tether. New York authorities alleged that Tether misrepresented the degree to which Tether (USDT) coins were backed by fiat collateral. However, the terms of the settlement mandate Bitfinex and Tether

Bitfinex Terminal Launches Historical Funding Statistical Data

Crypto News Point

Feb 6, 2021
2 min

Bitfinex Terminal Launches Historical Funding Statistical Data

Bitfinex, a state-of-the-art digital token trading platform, has launched historical funding statistical data on Bitfinex Terminal, a real-time market data feed. Bitfinex customers can obtain free access to key metrics of the funding market, such as the Flash Return Rate (FRR), the total amount provided, average period, and total amount used. Bitfinex users can leverage this funding statistical data, along with existing public trade data, to enhance the backtesting of trading

Bitfinex On The Rise Amid Surge in New Customer Accounts

Crypto News Point

Feb 6, 2021
3 min

Bitfinex On The Rise Amid Surge in New Customer Accounts

Bitfinex, a state-of-the-art digital token trading platform, has had a 300 per cent increase in new accounts in the first month of 2021 as the exchange charts a course towards becoming the preeminent crypto trading hub. Bitfinex’s impressive customer growth has been further underlined by a jump in activity by customers using the exchange’s mobile app, with downloads to the app increasing by 164 percent in January. Furthermore, the exchange’s Honey Framework, which enables use

Bitfinex CTO Says GameStop’s Sudden Rise Shines A Positive Light On Bitcoin

Crypto News Point

Feb 1, 2021
2 min

Bitfinex CTO Says GameStop’s Sudden Rise Shines A Positive Light On Bitcoin

Paolo Ardoino, the CTO of Bitfinex, said that the sudden rise of stocks like GameStop (GME) has shined a positive light on Bitcoin (BTC), as more retail investors look to “rail against” the financial status quo. It has been reported that Bitcoin’s price peaked north of $38,500 on January 29 (Friday), just as US stocks concluded their worst week of trading since October. However, the divergence between BTC and stocks was partly due to a massive short squeeze of institutional i

Bitfinex Borrow Adds Cardano (ADA) as Collateral

Crypto News Point

Jan 19, 2021
3 min

Bitfinex Borrow Adds Cardano (ADA) as Collateral

ROAD TOWN, British Virgin Islands, January 19, 2021, 10:00 AM UTC – Bitfinex, a state-of-the-art digital token trading platform, has added Cardano (ADA) as collateral on Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal. Bitfinex customers will be able to obtain loans of up to 70% of the value of their ADA holdings in US Dollars (USD) and Tether tokens (USDt). At the date of this announcement, the borrowing rate for ADA was 11.68% Annual Percentage Rate (APR). “

Historical Order Book Data Now Available On Bitfinex Terminal

Crypto News Point

Jan 8, 2021
2 min

Historical Order Book Data Now Available On Bitfinex Terminal

Bitfinex, a state-of-the-art digital token trading platform, has launched snapshots of historical order book data on Bitfinex Terminal, a real-time market data feed. Bitfinex customers can now obtain access to historical snapshots of exchange order book data on a pay-as-you-go basis, enabling the backtesting of trading ideas to power algorithmic strategies. The data provided, which consists of snapshots taken every 5 seconds, is compressed, delivering a small storage footprin

Bitfinex Launches ETH 2.0 Staking Service

Crypto News Point

Dec 24, 2020
3 min

Bitfinex Launches ETH 2.0 Staking Service

Bitfinex, a state-of-the-art digital token trading platform, has launched ETH 2.0 staking, providing for the seamless staking of Ethereum (ETH) held by users on the platform. ETH 2.0 staking, which will begin on 23/12/20, will be available to eligible users. There will be no minimum requirement on the amount of ETH needed to be held in order for a user to participate in staking. ETH will be staked in batches of 32 ETH on a first-come, first-served basis. Users staking ETH 2.0

Bitfinex Adds Tether Tokens (USDt), Euro Trading Pair

Crypto News Point

Dec 21, 2020
1 min

Bitfinex Adds Tether Tokens (USDt), Euro Trading Pair

Bitfinex, a state-of-the-art digital token trading platform, has added Tether tokens both USDt and EURt to the suite of tokens available for trading. Paolo Ardoino, CTO at Bitfinex, said: “This new trading pair allows our users to trade EURt with crypto’s most liquid, stable and popular stablecoin. We anticipate great interest among our user base in this new trading pair.” The market capitalization of USDt currently stands at US$20 billion, underlying the increasing dominance

Bitfinex Borrow Adds XRP (XRP), Litecoin (LTC), EOS (EOS), Polkadot (DOT) as Collateral

Crypto News Point

Dec 15, 2020
2 min

Bitfinex Borrow Adds XRP (XRP), Litecoin (LTC), EOS (EOS), Polkadot (DOT) as Collateral

Bitfinex, a state-of-the-art digital token trading platform, has added XRP (XRP), Litecoin (LTC), EOS (EOS), and Polkadot (DOT) as collateral on Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal. Borrowers will be able to obtain loans of up to 80% of the value of their XRP, LTC, or EOS holdings or up to 70% of the value of their DOT holdings in either Tether tokens (USDt) or US Dollars (USD). Paolo Ardoino, CTO at Bitfinex, said: “Adding support for XRP, Litecoi

Bitfinex Borrow Launches Euro (EUR), Yen (JPY) Loans

Crypto News Point

Dec 2, 2020
3 min

Bitfinex Borrow Launches Euro (EUR), Yen (JPY) Loans

Bitfinex, a state-of-the-art digital token trading platform, has added euro (EUR) and yen (JPY) to Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal. The addition of EUR and JPY to Bitfinex Borrow provides users with additional sources of liquidity for trading strategies. Borrowers will be able to leverage their bitcoin (BTC) holdings by using BTC held on the platform as collateral in order to obtain a loan in either EUR or JPY. Borrowers will be able to obtain

Bitfinex Reveals Its New Lending Service “Bitfinex Borrow”

Crypto News Point

Nov 13, 2020
3 min

Bitfinex Reveals Its New Lending Service “Bitfinex Borrow”

Bitfinex, the British Virgin Islands-based cryptocurrency exchange, has revealed its new lending service, named “Bitfinex Borrow.” Paolo Ardoino, the Chief Technology Officer of Bitfinex, said: “Bitfinex Borrow is a borrowing platform. This particular offering isn’t about lending out your crypto and obtaining a rate of return on it.” He added: “The crypto loan is obtained via Bitfinex’s peer-to-peer lending platform, though it may consist of a pool of available credit.” So es

Tether’s Market Cap Surpasses US$ 15 Billion As Crypto’s Reserve Currency Goes From Strength To Stre

Crypto News Point

Sep 18, 2020
2 min

Tether’s Market Cap Surpasses US$ 15 Billion As Crypto’s Reserve Currency Goes From Strength To Stre

British Virgin Islands, September 17, 2020 – Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has risen above US$15 billion in market capitalization as the most liquid and trusted stablecoin continues to enjoy rapid growth. The importance of Tether (USDt) is growing as the stablecoin performs an increasingly vital function within the digital asset ecosystem. While USDt continues to play a pivotal role in the trading of digit

Hackers Transfer $12 Million From Wallets Connected To The Bitfinex Breach

Crypto News Point

Aug 4, 2020
1 min

Hackers Transfer $12 Million From Wallets Connected To The Bitfinex Breach

Hackers transferred around $12 million from wallets connected to the Bitfinex breach, in which 120,000 Bitcoin (BTC) was stolen in August 2016. On August 3, it has been reported according to a series of tweets posted by Whale Alert that wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 620 Bitcoin (BTC) worth around $7 million over 4 transactions. ⚠ 5.59208 #BTC (62,983 USD) of stolen funds transferred from Bitfinex Hack

Hackers Transfer $38.7 Million Out Of $1.3Billion Worth Of Bitcoin From Wallets Connected To The 201

Crypto News Point

Jul 29, 2020
2 min

Hackers Transfer $38.7 Million Out Of $1.3Billion Worth Of Bitcoin From Wallets Connected To The 201

Hackers have transferred around $38.7 million out of $1.3 billion worth of Bitcoin (BTC) from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex. It has been reported according to a series of tweets posted by Whale Alert on July 27-28, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 3503 Bitcoin, worth around $38.7 million, over 12 transactions. ⚠ 476.32 #BTC (5,147,316 USD) of stolen funds transfe

Increasing Demand for Tether Gold as Commodity Tops US$1,900

Crypto News Point

Jul 28, 2020
3 min

Increasing Demand for Tether Gold as Commodity Tops US$1,900

ROAD TOWN, British Virgin Islands, July 24, 2020 – Tether Gold (XAU₮), a digital asset providing ownership of physical gold (XAU) custodied in Switzerland, has witnessed increasing demand as the price of gold surpasses US$1,900 a troy ounce amid increasing geopolitical tensions. Gold has enjoyed its longest winning streak since 2011 as the global COVID-19 crisis shows no signs of abating, and a deepening diplomatic row between the US and China unsettles investors. The metal i

Bitfinex Lets Users Earn on Crypto with Lending Pro

Crypto News Point

Jul 28, 2020
2 min

Bitfinex Lets Users Earn on Crypto with Lending Pro

ROAD TOWN, British Virgin Islands, July 27, 2020, 9:00 AM UTC – Bitfinex, a state-of-the-art digital asset trading platform, will be launching Lending Pro in the first week of August, providing users with an advanced lending tool designed to automate lending in order to enhance the efficiency of capital allocation on the exchange. Lending Pro is a highly-customizable tool that utilizes automated technologies and advanced features to manage lending based on a user’s specificat

Bitfinex Puts 10,000 Tether (USDt) Up For Grabs in Paper Trading Competition

Crypto News Point

Jul 14, 2020
2 min

Bitfinex Puts 10,000 Tether (USDt) Up For Grabs in Paper Trading Competition

ROAD TOWN, British Virgin Islands, July 13, 2020, 9:00 AM UTC – Bitfinex, a state-of-the-art digital asset trading platform, has unveiled a paper trading (PT) competition, enabling users to test their trading skills against each other and win prizes of up to 5,000 Tether (USDt). Dubbed Rey del Papel, the competition will run from July 15, 2020, to July 29, 2020. The top 10 traders by trading volume and profit and loss (P&L) on TEST pairs during the competition period will be

Bitfinex Launches ‘Paper Trading’ of Live Cryptocurrency Markets

Crypto News Point

Jul 11, 2020
2 min

Bitfinex Launches ‘Paper Trading’ of Live Cryptocurrency Markets

ROAD TOWN, British Virgin Islands, July 6, 2020, 8:30 AM BST – Bitfinex, a state-of-the-art digital asset trading platform, has launched paper trading, a demo account service that enables users to practice strategies without putting funds at risk in a live account. Paper trading, which will be available on newly-created sub-accounts, will enable users to trade Bitcoin in a simulated market environment without the need to deposit real funds. As an exchange built to serve profe

Crypto Exchange Bitfinex Launches P2P Data Streaming Platform Dazaar

Crypto News Point

Jun 27, 2020
2 min

Crypto Exchange Bitfinex Launches P2P Data Streaming Platform Dazaar

The leading Cryptocurrency exchange, Bitfinex has announced a new open-source P2P data streaming platform, Dazaar that will allow users to share media across a decentralized network. The code for Bitfinex’s “Dazaar” protocol has been uploaded to GitHub. It describes a decentralized network in which distributed node operators store the information shared among users. We are officially live 🎉 Discover the power to hold control of your data and the possibility to monetise your

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