Bitfinex First Bitcoin Exchange to Offer On-Blockchain Transactions
Bitfinex has become the first major bitcoin exchange to offer on-blockchain transactions. Typically, exchanges work off-chain, meaning that user balances are settled within a central database. Bitfinex's bid for greater transparency will allow users to check their segregated bitcoin wallets on the blockchain. Trade settlements will be broadcast once per day, according to the company. Zane Tackett, director of community and product development at Bitfinex, said:
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Bitfinex has signed a letter of intent with BnkToTheFuture to allow qualified BFX token holders to exchange their BFX tokens for equity. Bitfinex, the troubled cryptocurrency exchange which recently faced a hacking incident has signed a letter of intent with BnkToTheFuture. This letter of intent marks the beginning of a cooperation between the cryptocurrency exchange and the well-known digital currency based investment platform. Following the latest development, both Bitfinex and BnkToTheFuture will work together to facilitate the conversion its customers’ losses into equity in the....
Bitfinex gets hacked, the first feature film funded via cryptocurrency is announced, and bitcoin and cannabis seek to join hands. Want to catch up on the latest digital currency news? Take a look below. BITFINEX. The bitcoin price has undergone a massive drop following a cyber-attack on Hong Kong-based bitcoin exchange Bitfinex, which has resulted in nearly $70 million stolen from users’ accounts. Blockchain security company BitGo has released a statement to customers, explaining: “You may have read that Bitfinex announced a security breach, today. We are working with Bitfinex to determine....
Bitfinex, a Hong Kong-based bitcoin exchange, has stopped offering services to customers in the state of Washington. First revealed on Reddit by a user who claimed to have received a message on their BFX account that Bitfinex could no longer offer them services since they are in Washington State. The Reddit poster noted they had not received an email from Bitfinex and were given one day to withdraw funds. Bitfinex did not post any information on its website about the matter. Money Transmitters License Needed. The exchange decided not to pursue a money transmitters license for the state of....
Hong Kong-based bitcoin exchange Bitfinex announced around 5 a.m. EDT today the startup's hot wallets were compromised and some bitcoin were stolen. The exchange also advised its users to immediately stop depositing bitcoin to old addresses in their Bitfinex account. It is unclear how much has been lost in the hack, but according to a company statement, the hot wallets held only 0.05 percent of the exchange's bitcoin holdings. Though still unconfirmed, RedditorgowithBTC followed a string of transactions on the blockchain to what he believes is Bitfinex's hot wallet. If correct, it would....
Bitfinex has been fined by the U.S. Commodity Futures Trading Commision for offering illegal off-exchange financed retail commodity transactions in Bitcoin Bitfinex, one of the world’s largest Bitcoin and cryptocurrency exchanges, has been fined by the U.S. Commodity Futures Trading Commision (CFTC) for offering illegal off-exchange financed retail commodity transactions in Bitcoin and also failing to register as a Futures Commission Merchant (FCM). The company is required by the Order to pay a US$75,000 civil monetary penalty in total, for other alleged illegal operations such as....