Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Sa...
The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located in El Salvador. According to Bitfinex, the funds will initially target small businesses in Salvadoran communities located in Apopa, Ilopango, and Soyapango. Donated Funds to Target Small Businesses in the Communities of Ilopango, Soyapango, and Apopa The digital currency exchange Bitfinex has detailed that the company is donating 36 bitcoin (BTC) worth just over $734K using current BTC....
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As bitcoin surpassed its 2017 all-time high on Monday morning, a few hours later 5,045 BTC or $97 million worth of bitcoin from the 2016 Bitfinex hack was transferred. The hackers that stole the funds four years ago have moved the bitcoins numerous times this year. The hackers that stole 119,756 BTC from the cryptocurrency exchange Bitfinex on August 2, 2016, have moved a number of stolen coins in 2020. The coins that were taken over four years ago are now worth around $2.3 billion using today’s exchange rates. Following the Bitfinex hack, the breach crippled trader confidence that....
The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds. The post Bitfinex, Tether Found To Misrepresent USDT Backing And Obscure User Fund Losses appeared first on Bitcoin Magazine.
The NYAG found that Tether and Bitfinex misrepresented the assets backing USDT and obscured the loss of $850 million in user funds.
While many virtual currencies and assets are created to replace fiat currencies and to drive the progress, the ScotCoin has set a different goal, which is actually very libertarian and important. The developers of the ScotCoin have decided and stated to donate 100 million ScotCoins to 10 000 Scottish registered charities, public organizations and communities. Everyone leaving an application for the money will receive up to 25 000 coins and has to match the following criterion:
Of the 450 million new USDT tokens, more than 185 million have been distributed with 126.9 million USDT going to Binance alone The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours. As shown by blockchain tracker Whale Alert, two transactions of 150 million and 300 million USDT tokens were minted on Oct 20 and Oct 21 respectively.The first 150 million was printed only hours before Paypal’s announcement and the Bitcoin (BTC) price rally that followed. Although some raised....