The Latest Breaking News from Bitfinex

Tether CEO Reacts After Cantor Fitzgerald's Chair Validates Stablecoin Issuer's Reserve Strength

The stablecoin issuer has endured prolonged scrutiny regarding its backing of USDT, a stablecoin that currently boasts an extensive market capitalization exceeding $95 billion, firmly establishing it as the predominant stablecoin in global circulation.

International Business Times · Jan 17, 2024

Karnataka SIT in touch with over 30 foreign exchanges to establish money trail in alleged bitcoin scam

The SIT has identified some suspect transactions in local banks. It suspects that some bitcoins were encashed with the help of a jeweller. However, they need evidence of bitcoin transactions to verify whether these suspect transactions are linked to the alleged bitcoin scam.

The Hindu · Jan 6, 2024

Stablecoin Giant Withdraws Nearly $400M In BTC From Bitfinex, Becomes 10th Largest Bitcoin Holder

Tether's strategic move to withdraw millions of dollars in Bitcoin has resulted in a staggering profit of $1.148 billion, recording a 68% profit margin.

International Business Times · Jan 2, 2024

El Salvador became the first country to accept Bitcoin as legal tender. Now it’s offering citizenship for a $1 million ‘investment’

The Central American nation led by Nayib Bukele is partnering with the controversial stablecoin Tether on the initiative.

Fortune · Dec 8, 2023

Future of Finance: Paolo Ardoino on Tether proving crypto critics wrong and how ‘Bitfinex is a different company compared to Binance’

Ardoino talked about his early career and why it's mostly been "business as usual" after recently becoming Tether's CEO.

Fortune · Dec 6, 2023

Analysts Highlight Key Factors Driving Bitcoin's Surge To Year-To-Date High

A report attributed the surge to "a culmination of various factors, including a notable shift in the dynamics of the futures market compared to the spot market."

International Business Times · Dec 5, 2023

70% Of Bitcoin's Circulating Supply Hasn't Moved For Over A Year: Bitfinex Report

These metrics show Bitcoin holders' reluctance to sell while buyers look for BTC supply, which is one of the factors why the king of crypto reached a new year-to-date high of $38,410 on Nov. 24.

International Business Times · Nov 28, 2023

Senior prison officials likely to be questioned in Bitcoin scam

SIT probing Bitcoin scam to question prison officials who had Sri Krishna in custody; hacker had stolen bitcoins from Bitfinex, one of world's largest cryptocurrency heists; SIT to summon 3 prison officials, incl. senior official, for questioning.

The Hindu · Nov 16, 2023

Bitcoin, Ethereum, Dogecoin Soar As Weaker Jobs Data Signals Potential Rate Hike Pause By Fed: Analyst Says Apex Crypto Maybe Poised For ‘Abnormal’ Bull Run

Major cryptocurrencies experienced a surge on Monday evening, driven by the anticipation that the Federal Reserve may halt its rate hikes

Zenger · Nov 7, 2023

Hacker Shreeki has reportedly made allegations against several officials in bitcoin scam

SIT probes Bitcoin scam, tracks down hacker Shreeki; he alleges senior police officials & politicians benefitted from stolen bitcoins. SIT files complaint & FIR against CCB officials for tampering evidence. CID officials question Shreeki & gather evidence to corroborate claims. SIT questions CCB officials on probe & alleged diversion of…

The Hindu · Sep 2, 2023