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Tag Archives: Bitfinex

Bitfinex Chief Strategy Officer Phil Potter Tenders Resignation

Phil Potter, the chief strategy officer at the Bitfinex cryptocurrency exchange, will be leaving the exchange and replaced on an interim basis by J.L. van der Velde, the company’s chief executive, according to Reuters. Phil Potter | Source: LinkedIn A company spokesperson told Reuters Potter’s departure was a “mutual” parting. Potter believed it was time to leave the executive team ...

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Chief Strategy Officer of Bitfinex Crypto Exchange Steps Down

Chief Strategy Officer (CSO) Phil Potter of Bitfinex crypto exchange is resigning from the company, Reuters reports June 22. Potter will be replaced in the interim by Bitfinex CEO, Jean-Louis van der Velde. Potter commented that it was the “natural time for [him] to depart the executive team” while Bitfinex turned to “other strategic international markets.” According to Reuters, he ...

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Law Firm Hired by Bitfinex Confirms Tether Reserves

There are numerous theories regarding the roller coaster market movements of cryptocurrency over the past year. A popular one revolves around the use of Tether (USDT) to inflate the price of Bitcoin during the bull market, and deflate it on the way down. However, a June 20 report suggests the controversial stablecoin may be more legitimate than was previously assumed. ...

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Researchers Claim Tether and Bitfinex Manipulated the 2017 Bitcoin Price Surge

Rumors regarding Bitcoin and price manipulation have been present for quite some time. It seems things are accelerating in this regard, with multiple investigations taking place as of right now. A new study indicates that Tether may have been involved in market manipulation in more ways than one. The Tether Controversy Continues Most cryptocurrency enthusiasts are well aware that Tether has ...

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Bitcoin Price Fell by 2% Due to Brief Bitfinex DDoS Attack

Exchanges are an important cog in the machine that is cryptocurrency. Despite their centralized nature, consumers and speculators rely heavily on these platforms on a daily basis. For Bitfinex users, there was a slight scare on Tuesday when trading was halted for a short while. Another Issue for Bitfinex Although cryptocurrency exchanges have seen their fair share of issues throughout the ...

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Bitfinex Exchange Resumes Trading After DDoS Attack

Bitfinex announced that it has resumed its trading services after containing a distributed denial of service (DDoS) attack on Tuesday, June 5. The exchange first suffered issues with its trading engine which caused it to go offline briefly, and after fixing the issue, it was operational again. However, after less than an hour of activity, Bitfinex announced that it was ...

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Crypto Exchange Bitfinex Bounces Back after a DDoS Attack

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Shortly after completing an unplanned maintenance, Bitfinex suffered a DDoS attack on Tuesday. While it managed to recover in less than 3 hours, users weren’t happy their assets were frozen twice. On June 5, Bitfinex reported its platform was “under heavy load”. Roughly an hour later the ...

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US Regulator Rejects FOIA Request Concerning Bitfinex, Tether Subpoenas

The US Commodity Futures Trading Commission (CFTC) has refused a Freedom of Information Act (FOIA) for a release of the subpoenas allegedly issued last year to cryptocurrency exchange Bitfinex and token issuer Tether, Coindesk reports Wednesday, June 6. Bitfinex and Tether share a CEO, Jan Ludovicus van der Velde, and the two entities had created controversy last fall over alleged ...

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