Bitfinex Exchange to Resume Bitcoin Trading Today
Bitfinex has announced it will resume trading and withdrawals just over a week after it was robbed of more than $60m in bitcoin. Trading functionality will be reinstated at 16:00 UTC, the exchange said in a new update. All listed currency pairs will be brought online and withdrawals will be enabled for bitcoin, ether, classic ether and USD. Deposits will also be reactivated. Bitfinex revealed last week that it lost nearly 120,000 bitcoins, an announcement that sparked broad debate in the digital currency ecosystem and broader mainstream media criticism. The exchange has said that it is....
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The Hong Kong-based bitcoin exchange announced today that it will resume trading after halting the exchange following a security breach that saw $65 million worth of bitcoins stolen earlier this month. In an announcement, Bitfinex said that trading will recommence at 16:00 UTC today with exchange trading enabled for all currencies and pairs. Deposits and withdrawals will be enabled for BTC, ETC, ETH, and USD. LTH and Tether are expected to follow shortly. Exchange trading will also be enabled for the BFX token on pairs BFXUSD and BFXBTC. As part of Bitfinex’s recovery process they recently....
Hong Kong-based bitcoin exchange Bitfinex has settled with the US Commodity Futures Trading Commission (CFTC) following an investigation into its financed trading activities. Bitfinex settled charges that it offered illegal off-exchange financed retail commodities trading, as well as failed to register as a futures commission merchant. Bitfinex did not admit or deny the CFTC findings, the agency said today. According to an order published today by the CFTC, the issues arose owing to how Bitfinex held functional control over funds tied to leveraged or margin trading on the platform. The....
Matching our analysis, Bitcoin price plunged to near $500 BTC/USD today. That is if you were looking at the Bitstamp exchange price. BitFinex, on the other hand, saw $460 followed by a return to $500 only to slam down to $451 a few seconds later. Is this the result of some systemic error or perhaps manipulation being exercised via the BitFinex exchange? Could it be that some early adopters are cashing out, or perhaps the news? Far from it, as the following explanation will clarify. BitFinex is one of the few major exchanges that offers traders the option of margin-based trading. The others....
On August 2, 2016, it has been reported that the major cryptocurrency exchange, Bitfinex, was hacked with some customers losing Bitcoin as a result. Additionally, BitGo has commented on the event. The Breach of Bitfinex. Bitfinex itself confirmed the hack in a press release earlier today, saying they have halted all trading on the platform. Additionally, all deposits to and withdrawals from Bitfinex have been temporarily stopped. The exchange does not have much information about the hack, but the press release confirmed that customers of the exchange have lost Bitcoin following the breach.....
The price of bitcoin slumped again today after Bitfinex closed its order book, citing issues with its post-trade processing. The Hong Kong-based exchange, which witnessed a 'flash crash' just last week, halted trading for a seven-hour period this morning. The Bitfinex price promptly fell a further 3.8% when it reopened at 12:31pm UTC. In a statement on Reddit, Zane Tackett, Bitfinex's director of community and product development, said: "Earlier today, at 5:27 UTC, we encountered an issue with post-trade processing, upon which we decided to halt trading to ensure consistency in the order....