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Tag Archives: Bitfinex

Bitcoin Short Positions Record Their All-Time High on Bitfinex

This current bear market broke a new record, and it’s a negative one: As of writing this, the leading margin trading exchange Bitfinex had broken its all-time a high number of open short positions on Bitcoin. This has happened as the short positions just crossed 41,000 BTC. The bad news is for the bulls: As more people are thinking that ...

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Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins

Cryptocurrency exchange Bitfinex and its spin-off Ethfinex have added support for four new major USD-backed stablecoins, according to an blog post published Dec. 4. Per the announcement, both exchanges have introduced stablecoins USDC, True USD (TUSD), Paxos (PAX) and the Gemini dollar (GUSD) in a bid to keep the platforms “agnostic.” The four new stablecoins join the already supported Ethereum-backed ...

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Bitfinex Gives Tether Competition, Adds Four of Market’s Top Stablecoins

Cryptocurrency exchanges Bitfinex and Ethfinex now support trading for all six of the market’s major stablecoins. Adding to its support for MakerDao’s Dai and Tether’s USDT, the sister platforms recently listed USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX) and Gemini USD (GUSD). All stablecoins available on the exchanges will be traded against the U.S. dollar. Launched in 2018, ...

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Tether Re-Opens Direct Redemption of Fiat, While Bitfinex Adds Tether-Fiat Trading Pairs

Popular stablecoin Tether has announced 1:1 redemptions of USDT to fiat, while affiliated crypto exchange Bitfinex added two new Tether-fiat trading pairs, according to announcements from both firms Tuesday, Nov. 27. Tether announced the direct redemption of Tether to fiat along with a major redesign of its platform for the verification of new customers. According to the official announcement, the ...

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DoJ Bitcoin Manipulation Probe Homes in on Tether and Bitfinex

Tether Burns Half a Billion USDT Coins in an Act of RedemptionAn ongoing criminal probe into potential Bitcoin price manipulation conducted by the U.S. Department of Justice has begun to take a closer look at how Tether and crypto exchange Bitfinex may have played a role in Bitcoin’s parabolic rise in late December. Bitcoin Manipulation Probe Sets Sights on Tether, ...

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Bitfinex Activity, Tether-BTC Price Relation Under Scrutiny from US DoJ, Sources Claim

The U.S. Department of Justice (DoJ) has focused its investigation crypto market manipulation on whether or not Tether (USDT) was used to artificially inflate Bitcoin (BTC) prices during last year’s momentous rally, Bloomberg reports Nov. 20. Bloomberg cites three unnamed sources “familiar with the matter” who allege that the DoJ has “honed in” on the triad of Bitcoin, Tether, and ...

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Place Your Bets! Bitfinex Opens Pre-Fork Bitcoin Cash Futures Market

Twitter Facebook LinkedIn Bitfinex has announced a new financial instrument on its platform in response to the upcoming hard fork of the Bitcoin Cash blockchain. Noting a sizable increase in short bets on BCH – traders apparently believing that the split will have a negative impact on the per-coin price of Bitcoin Cash – Bitfinex has created something called the ...

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To Withdraw $1 Million of Crypto on Bitfinex, it Now Costs $30,000

Converting crypto to fiat is not cheap anymore, at least on Bitfinex. The Hong Kong-based digital assets exchange on Sunday updated its fee structure for high-frequency wire withdrawals. It effectively imposed a 3 percent commission cut on all external wire withdrawal requests that would exceed 1) more than two fiat withdrawals in any thirty day period, and 2) more than $1M in ...

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Bitfinex Strikes Back at ‘FUD’ over Phantom Tether Trading Volume

Cryptocurrency exchange Bitfinex is striking back at reports that it is publishing fake tether (USDT) trading volume, calling those allegations the latest “not-so-brilliant example of anti Bitfinex/Tether FUD.” The Curious Case of Bitfinex’s USDT/USD ‘Trading Pair’ The allegations stem from curious data published on cryptocurrency data aggregation site CoinMarketCap related to a supposed USDT/USD trading market on Bitfinex. According to ...

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