Exchanges adopting $USDT for $USD valuation should demand a Bitfinex audit
2018-01-25 03:35:13 Discuss When a large exchange, like Bittrex for instance, adopts USD Tether ($USDT) as their US Dollar reference, they must offer investors some guarantee that the adopted benchmark is somewhat accurate. [caption id="attachment_199" align="alignleft" width="300"] Bittrex shows "$ Markets", which really means Tether, not USD[/caption] When you select USDT pairs in Bittrex, the user interface does not show USDT but shows U$ instead, clearly suggesting USDT is the official US Dollar price for coins and tokens.... Continue reading.
Bitfinex to Unveil EOS-Based Decentralized Exchange EOSfinex This Month | CryptoGlobe
December 27, 2018 6:43 PM Discuss Bitfinex, a leading cryptocurrency exchange, is set to unveil an EOS-based decentralized cryptocurrency exchange called EOSfinex on September 26, during the Blockchain Live event in London. According to a blog post, the new decentralized exchange is going to offer its users an entirely trustless trading experience. EOSfinex will facilitate a highly scalable network of peer-to-peer value exchange, unconstrained by borders and built around a foundation of transparency, speed and integrity. Read the story in full below. https://t.co/CzORoYpCPv The platform will initially have three trading pairs: EOS/USD, ETH/USD, and BTC/USD. It may, per the post, quickly add new ones as the exchange's contract is flexible and makes it easy to add new trading pairs. As the exchange states, adding a new pair is trivial and can be done by anyone after the trusted contract issues a new tradable token.
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Bitfinex Suspends Fiat (EUR, USD, JPY, GBP) Deposits while Bitcoin Under Selling Pressure
December 27, 2018 2:36 PM Discuss Bitfinex has suspended its USD, EUR, JPY, and GBP deposits temporarily and expects the situation to normalize within a week. This has been while the market goes through serious sell-off with cryptos running in the deep red. According to the Coinmarketcap data, Bitfinex ranks at 4th spot with the daily trading volume of $668 million that has seen a rise of over 150 percent just like a number of other exchanges as crypto sell-off accelerates in the red market. Bitfinex is a spot trading platform for cryptocurrencies viz. Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero, and a number of others that also offers margin trading up to 3.3x leverage trading by providing traders with access to the peer-to-peer funding market.
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Bitfinex Review - Bitcoin & Ethereum Cryptocurrency Trading Exchange
December 22, 2018 8:28 AM Discuss Bitfinex is one of the world's largest bitcoin trading platforms. Find out everything you need to know about this popular exchange today in our review. Bitfinex is a bitcoin and cryptocurrency exchange that offers three main functions. It offers cryptocurrency and fiat trading, offers margin trading, and provides liquidity. Using Bitfinex, you can do things you won't find on other exchanges like short bitcoin via margin trading. The exchange is incorporated in the British Virgin Islands, but maintains offices in Taiwan, London, and Hong Kong. The executive team is based around the world. In August 2016, the exchange was hacked, leading to the loss of 120,000 BTC. In response, Bitfinex moved from a hot wallet to a cold storage system.
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Bitfinex quietly increases minimum wire fee - The Block
November 24, 2018 5:40 AM Discuss While Black Friday is usually known for its price reductions, the minimum fee for a wire withdrawal on Bitfinex just went up from $20 to $60. While this seems to be specifically designed to combat Bitfinex's recent withdrawal problems, it effectively makes Bitfinex one of the most expensive exchanges to withdraw fiat currency from in the process. Bitfinex, the fifth largest exchange by adjusted volume according to CoinMarketCap, did not announce the change even though it did issue token related announcements yesterday and today. The change became apparent by comparing the currently available fees schedule on Bitfinex with the one cached by Google:
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CryptoDaily; Ethereum, blockchain, KickICO, Ripple [XRP], Bitfinex, EOS [EOS], Bitcoin [BTC]; July 28,2018 | BCFocus
July 28, 2018 1:07 PM Discuss Allow to send web push notifications to your desktop. Ethereum goes Constantinople to make its network more efficient and cost-effective Ethereum has geared up for its upcoming upgrade Constantinople. The open-source, public, blockchain-based distributed computing platform is introducing the upgrade to refurbish its platform like never before. The network's system-wide upgrade is the second fraction of a two-part series of upgrades. Read more Accenture ships blockchain to augment its logistics network Accenture, a global management consulting company is eyeing blockchain technology as a tool to upgrade its logistics arm. The probable blockchain implementation was announced through a patent application that was published on 26th July, reported Coin Telegraph. Read more
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EOS Deposits and Withdrawals Enabled on Bitfinex After Exodus to EOSIO
June 21, 2018 1:17 AM Discuss Bitfinex users become the first ones to deposit and withdraw EOS tokens after the Token moved out of ERC20 blockchain to its own MainNet, EOS.IO. On June 1st, 2018 Block.one, the company behind EOS, distributed the last block of EOS token on the Ethereum blockchain after which all EOS tokens were frozen and the transfers of tokens were disallowed. The official announcement can be found here. As the first user received his EOS deposit address on Bitfinex, the message was clear the Exodus to EOS.IO was complete enabling EOS deposit and withdrawal. Covering the first user reviews that came out gives us an interesting insight into how the MainNet is phasing out. Some prominent things to note were, EOS withdrawals from Bitfinex are completely free. Other important things that user noted were that the blockchain was blazing fast and needed 25 confirmations for the block to be created. It was also noted that test deposit had over 1000 confirmations on the blockchain before it hit the 25? required on Bitfinex's end. It took around 15 minutes for Bitfinex to credit the deposit
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