tether

The New York State Attorney’s Office, represented by Leticia James, appealed to the State Supreme Court to reject the Bitfinex attorney’s request to cancel the earlier court order. So, James is confident that the current situation does not affect the functioning of the company as a whole, but does not allow it to receive further loans from Tether Limited and protects users from […]

Bitfinex, a Hong Kong cryptocurrency exchange, intends to raise $ 1 billion through LEO tokens. In the private round of tokensail, the verbal obligations of investors to the site have already reached $ 600 million, reports The Block, citing one of the major investors Zhao Dong. So, Bitfinex allegedly intends to allocate a monthly 27% of the profits for the purchase of LEO tokens. Given the financial […]

According to the observations of Twitter user Andrew Rennhack, during the week the contents of the cold Ethereum wallet of the Bitfinex exchange decreased by 40%. Bitfinex ETH coldwallet has declined by 40% in the past week. 800k ETH or $ 150M has left. There is only 1.1M ETH left or ~ 180M USD left at current ETH prices (…

Two Bitfinex investors reported that the allegations of losing $ 850 million of client and corporate funds put forward by the Prosecutor General of New York did not cause them to worry about the future of the trading platform. It is reported by CoinDesk. So, Bitfinex share holder Zhao Dong, in a conversation with the publication, said that he was “supportive” in relation to Bitfinex and the issuer Tether affiliated with it. Earlier […]

The issuer of the Stablecoin Paxos, in partnership with the Ontology platform, will release up to 100 million PAX tokens tied to the American dollar in a 1: 1 ratio, CoinDesk reports. Stablecoins on the new blockchain will be launched next month. According to representatives of Ontology, these tokens will increase the efficiency of transactions to individuals and business structures. Coin Paxos Standard (PAX) was released in September last year. On […]

Cryptocurrency researcher Alex Kruger analyzed the situation around the Bitfinex exchange and its related companies, and came to the conclusion that the stablecoin Tether (USDT) is provided with currency reserves only 75%. Based on the information provided in official documents, Kruger in a series of tweets briefly describes the sequence of events around a well-known trading platform. The first thing he notes about Bitfinex is, indeed, […]

About 550 Bitcoins, abducted from Bitfinex in 2016 and still located at addresses of unidentified hackers, were set in motion the day before. It is noteworthy that it happened shortly before the prosecutor's office of the State of New York charged the exchange that it concealed the fact of loss of about $ 850 million, using the issuer's funds to cover the damage […]