Bitfinex posts a bounty/reward for 2016 Bitcoin hackers

Following the 4 year anniversary of the 120k BTC theft, Bitfinex has published a reward of up to $400 million USD for the recovery of the lost assets. The value of these assets today would be $1.34 billion USD, with the reward representing 30% of the total amount. Interestingly, this offer is also extended to the hackers…

August 4, 20200Comments

ByZoran Spirkovski

Markets

Debate Is Heating up over Bitcoin Price Manipulation

Bitcoin’s decline in value late last month caught many by surprise, as the launch of Bakkt and other positive movements in the crypto space were expected to trigger substantial upward price movement. The fact that Bitcoin’s value is volatile and does not follow traditional wisdom is well known, and there has long been rumors of…

October 11, 20190Comments

ByTrevor Smith

Altcoins Bitcoin News

Bitfinex & Tether Under Fire As New York Attorney General Investigates Possible $850 Million Fraud

Speculation of insolvency, and rumors of foul play are surrounding Bitfinex as New York Attorney General Letitia James has filed a claim against the exchange’s parent company, iFinex, accusing it of financial fraud. The claim asserts that the company has moved as much as USD $850 million held in reserve for the Tether stablecoin into…

April 28, 20190Comments

ByTrevor Smith

Altcoins

Tether Continues to Court Controversy as More Questions Emerge About Its Solvency

The increasing public interest in cryptocurrency is drawing greater attention to stablecoins, and their potential to reduce the volatility that has come to define market values. Tether (USDT) is by far the most popular of these digital assets, and has become a standard tool of traders and long-term investors alike. Nevertheless, since its inception in…

April 20, 20190Comments

ByTrevor Smith

Markets

Market Crash Likely the Result of Several Factors, Recovery Could Come Quickly

November has seen the largest declines in market values this year, with major drops beginning mid-month. Bitcoin’s fall to $4,000 puts it down more than forty percent in two weeks. Altcoins have fared worse, with many losing more than half of their value during the same period. In traditional commodity markets such substantial declines are…

November 28, 20180Comments

ByTrevor Smith

Markets

Major Crypto Exchanges Moving Into Fiat Trading

Exchanges have played a vital role in bringing cryptocurrencies to the masses. As the primary means to convert fiat into blockchain assets, they are indispensable to the crypto economy. Exchanges have evolved significantly over the years, and as they take on new roles they demonstrate that the blockchain revolution is still in its infancy. Recently…

August 11, 20180Comments

ByTrevor Smith

Altcoins

Report Says Tether Is Fully Backed By Dollars In Reserves, Questions Still Linger

Tether has released a report that proves that its claim that every USDT token is backed by a dollar in reserves is genuine. In its transparency report, the company revealed that an audit had been carried out by a renowned Washington-based law firm and that it had proven that the company had an approximately equal…

June 26, 20180Comments

BySteve Kaaru

Markets

Bitfinex Exchange Offline After DDoS Attack

Cyber attacks and website downtimes are very regular events for cryptocurrency related service. One of the largest cryptocurrency exchanges, Bitfinex, suffered a cyber attack on Tuesday morning, 5th June. Bitfinex used Twitter to provide updates for their users. The first tweet read as following: Trading and funding is currently paused whilst we undergo unplanned maintenance. All…

June 6, 20180Comments

ByZoran Spirkovski

Markets

Bitcoin Price Above $1500

Bitcoin prices are continuing to rise while markets are rising on a bullish market sentiment. The price rally doesn’t seem to have slowed down in momentum at which BTC/USD rates broke through $1500 levels just hours ago, even reaching a peak at $1510. Profit taking might have caused a minor price drop since the peak…

May 3, 20170Comments

ByGeorge Krash

Markets

Bitcoin Price Rising Above $1400 After New All Time High

Bitcoin markets continued being remarkably bullish as the recent rally kept pushing prices to new all time high levels. Bitcoin prices didn’t stop rising once $1400 levels were reached, with Bitstamp rates peaking at $1480. The spread between exchanges and Bitfinex has actually maintained its size close to $100 through the day. Thankfully traders at…

May 2, 20170Comments

ByGeorge Krash