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Telegram Hit With $18.5 Million SEC Fine and Set to Return $1.2 Billion to Investors as it Dissolves TON Project
Telegram will return $1.2 billion to investors and pay a fine of $18.5 million to the SEC as it dissolves TON network. But community members seek to revive the project.
Bitfinex Launches $400 Million Bounty Hunt for 2016 Hackers Who Stole $1.3 Billion in BTC
Bitfinex has launched a 400 million dollar bounty hunt in search of the hackers responsible for the theft of nearly 120,000 Bitcoins from the global exchange in 2016.
El Salvador's Crypto Law Allows Bitcoin-Backed Bonds
Legislation authorizes a Bitcoin-backed bond to pay down national debt and build "Bitcoin City". After President Bukele ratifies the measure, it will become law. The bonds are expected to generate $1 billion for the government, half of which would fund the special economic zone.
Tether Ordered by New York Judge to Document USDT Backing
The presiding judge ordered Tether to provide evidence of the USDT backing of its reserves at the time. The company is required to provide financial documents to the court.
Jump Crypto Ranks Third in Bitcoin Holdings, Trailing Only Binance and Bitfinex
Jump Trading's Jump Crypto, controlled by Jump Trading, is the third-largest Bitcoin holder, with a total of $30.8 billion. The company has been linked to major crypto events, including the Terra Luna crash and FTX's bankruptcy.
Heather Morgan of Bitfinex Crypto Heist Cleared to Seek Proper Employment
American rapper and entrepreneur Heather Morgan, the defendant in the crypto fraud case of Bitfinex 2016, has been permitted by a judge to seek proper employment.
Bitcoin Price Not Everything Says Bitfinex CTO, as BTC moves Sideways
The Bitcoin price has stagnated, trending sideways between $32,000 and $34,000—but recognizing BTC’s true value is not all about price says Bitfinex CTO Paolo Ardoino.
US Congress Proposes Bill to Restrict Government Interactions with Foreign Adversarial Blockchain Networks
US Congress introduces H.R.6307, limiting government interactions with Chinese blockchain networks, addressing national security and data privacy concerns, and urging increased scrutiny in the technology sector.
Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.
GameStop's Blockchain Chief Matt Finestone Departs from Company
Matt Finestone, head of the blockchain team of GameStop Corp, announced his departure after working 1.5 years at the company.
Bitfinex Partners with ODEM to Revitalize Crypto Education
Bitfinex has joined hands with ODEM, an on-demand education and employment marketplace, in creating a new education model on the importance of digital tokens in the blockchain and crypto space.
Tether Deny Bitcoin Bull Run Manipulation
Reporting on allegations made against Tether’s parent company Ifinex, Tether has released follow up comments to deny any wrongdoing in the market.
Bitfinex and Tether's Appeal Rejected by New York Judge
Judge Cohen reportedly decided to give a 90-day extension to the case, which will give the New York Attorney General’s office to continue investigating. Judge Cohen also dismissed Bitfinex and Tether’s motion to appeal after the ruling.
Countdown to the Blockchain Fest Singapore 2023
The Premier Event for the Blockchain Industry in Singapore
Tether Plans to Issue Stablecoin Backed by Chinese Yuan
Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.
Poloniex and Bittrex Added to Ongoing Class-Action Lawsuit Facing Tether and Bitfinex Over Bitcoin Price Manipulation
Two US cryptocurrency exchanges Bittrex and Poloniex have been added to a class-action lawsuit that alleges billions of unbacked Tether stablecoin were used to manipulate Bitcoin prices. The two US exchanges have been added as defendants in an ongoing lawsuit against Tether and Bitfinex. Poloniex and Bittrex have been summoned to appear to the court because of their alleged involvement in the manipulation of Bitcoin price during the bull run in 2017.
iFinex Proposes $150 Million Share Buyback from Bitfinex Hack Victims
iFinex, Bitfinex's parent company, plans a $150 million share buyback to re-acquire shares given as compensation for a 2016 hack. The offer follows a valuation surge from $120 million in 2016 to $1.7 billion, providing an exit route for investors. Shareholders have until October 24 to respond to the buyback offer.
Bitfinex Launches P2P Video Chat App Keet alongside Tether
Blockchain startups Bitfinex and Tether have launched a P2P video calling application dubbed Keet, enabling users to access applications and enjoy the freedom of speech.
Tether Withdraws 8,888.88 Bitcoins from Bitfinex
Tether's recent withdrawal of 8,888.88 BTC from Bitfinex, resulting in a 10th place ranking among Bitcoin holders and a substantial profit, demonstrates its growing influence in the cryptocurrency market.
Russia Updates Regulations on Crypto Transactions, Harsh Fines Reserved for Defaulters
Russia’s Ministry of Finance has issued an amendment to its current cryptocurrency regulations. The amendments also come with stricter sanctions.
Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up
The Appellate Division of the New York Supreme Court has ruled that Bitfinex is legally allowed to withhold documents pertaining to the alleged cover-up of an $850 million loss on its trading platform.
BlockFi to Pay $100M in Settlement to US SEC
BlockFi, an American crypto lending platform, reportedly agreed to a settlement deal with the United States Securities and Exchange Commission (SEC).
Bitfinex to Launch New Security Token Offering Platform Regulated by Kazakhstan
Cryptocurrency exchanges Bitfinex is launching a new security token offering (STO) platform regulated by Kazakhstan.
Bitfinex and Polygon zkEVM Facilitate Tether Gold Transactions
Bitfinex has integrated Tether Gold transactions via the Polygon zkEVM transport layer, marking a significant step towards cost-effective and secure digital asset transactions from October 11, 2023.
Bitcoin Whales are Controlling the Market
Bitcoin whales are reckoning forces in crypto exchanges. Therefore, their dominance is being felt in the crypto market because of their massive liquidity.
Bitfinex, Ava Labs raise $10M for DeFi technology amid market turmoil
Onomy, a Cosmos-based ecosystem, raised millions for its innovative protocol. The project mixes decentralized finance and FX to put it on-chain. Industry forecasts predict another challenging year while keeping investors interested.
Could Brock Pierce's Presidential Campaign Damage the Crypto Industry? Tether's Legal Troubles Resume
Brock Pierce’s run for President of the United States may have come at the wrong time, as the New York Supreme Court today ruled that Bitfinex and Tether must face up to allegations that they concealed the loss of commingled corporate and client funds amounting to over $850 million.
New York Supreme Court Declares NYAG has Jurisdiction over Bitfinex
The New York State Supreme Court ruled that the New York Attorney General (NYAG) has jurisdiction over the case with cryptocurrency exchange Bitfinex, regarding fraud allegations.
Binance Exchange Fined €3.3M by Netherlands' DNB
The Central Bank of the Netherlands De Nederlandsche Bank (DNB) has fined Binance Exchange €3.3 million for allegedly operating a crypto trading service without receiving the appropriate authorization.
Hong Kong FinTech Week 2023 "Fintech Redefined"
Hong Kong FinTech Week 2023, scheduled from October 30 to November 5, themed "Fintech Redefined," aims to shape fintech's future. Organized by Financial Services and the Treasury Bureau and InvestHK, it's expected to attract over 30,000 attendees and 5 million online views from 90+ economies. The event will feature 300+ speakers, 540 exhibitors, and various sessions exploring global fintech developments including AI, Web3, and green finance. It'll also showcase metaverse experiences and hold special events like the Global Scaleup Competition and a dedicated day for cross-boundary synergies between Hong Kong and Shenzhen.
Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
The Wall Street Journal reported that four persons owned 86% of Tether Holdings Limited in 2018.
Police Arrests 2 Suspects Involved in 2016 Bitfinex Hack
U.S. authorities have arrested a Manhattan-based couple identified as Lichtenstein and Morgan, suspected to be a part of the masterminds behind the 2016 Bitfinex exchange hack.
$314K from 2016 Bitfinex attack returned by US Homeland Security
The digital currency exchange known as Bitfinex said on July 6 that it has been given $312,219.71 in cash together with 6.917 Bitcoin Cash by the United States Department of Homeland Security.
Bitfinex: The Crisis Tested Liquid Exchange King for Bitcoin and Ethereum Trading
During the March 12 stock market crash instigated by the coronavirus pandemic’s disruption to the world economy, cryptocurrency exchanges experienced a massive sell-off of Bitcoin and Ethereum. When the liquidation panic finally settled down, Bitfinex emerged as one of the few exchanges that had been able to take the extreme volatility in stride.
US Court to Determine Which Law Firm Should Lead Classic Action Against Tether
Tether (USDT) stablecoin issuer, IFinex and its subsidiary, Bitfinex exchange are facing charges of allegedly manipulating the price of Bitcoin in 2017. Although the company, on the other hand, is vehemently in denial of the charges levelled against it.
Bitfinex Securities Launches El Salvador's First Tokenized Debt for Hilton Hotel Development
Bitfinex Securities, the first licensed digital asset provider in El Salvador, is launching its inaugural tokenized asset raise on the Bitcoin layer 2 Liquid Network to fund a new Hilton hotel complex at El Salvador International Airport.
Bitfinex Tackles Phishing Incident: No Customer Funds Affected
Bitfinex has resolved a phishing incident causing partial customer information exposure, confirming no loss of funds or sensitive data compromise, and ensuring ongoing security measures.
Coinme Fined $4 Million by SEC
Crypto exchange Coinme has been fined $4 million by the US Securities and Exchange Commission (SEC) for offering unregistered securities and making "misleading statements" regarding its token, UpToken.
Tether's Development Team Nears Completion of Advanced Mining Libraries
Tether's dev team is nearing completion of JavaScript libraries for mining, utilizing Holepunch.to technology. CTO Paolo Ardoino announced the development on Aug 5, 2023.
Bitfinex and Tether Face Market Manipulation Class Action Lawsuit
Roche Freedman, New York-based legal firm, filed a class-action lawsuit on behalf of those who own cryptocurrency against Bitfinex and Tether and others for crypto market manipulation and creating the largest bubble in history.
FINEXPO Brings FinTech Industry Leaders and Enthusiasts Together at FinTech Festival Asia 2023
Bangkok, 3 April 2023 – FINEXPO, the world's leading event organiser, announced today that it is hosting its first-ever FinTech Festival Asia (FTF Asia) on 27 and 28 September 2023 at the Royal Paragon Hall in Bangkok, Thailand.
Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues
Bitfinex cryptocurrency exchange has announced that it has integrated Tether (USDT) into the OMG network. The integration is set to reduce transaction confirmation and fees. The crypto exchange will enable Tether withdrawals and deposits on the OMG network. OMG network, previously known as OmiseGo, is a scaling platform, which enables peer-to-transactions in real-time, a solution that enhances the scalability of the Ethereum network.
Bitfinex and Tether Claim Lawsuit Allegations of Market Manipulation are Baseless
BitFinex and Tether have officially spoken out against what they are describing as a baseless lawsuit, designed to undermine the cryptocurrency ecosystem.
Bitfinex Unveils Zero-Fee P2P Trading in Argentina, Colombia, Venezuela
Bitfinex has initiated a zero-fee trading feature for market takers on its Peer-to-Peer (P2P) platform in Argentina, Colombia, and Venezuela as of October 11, 2023. This move comes post the recent extension of the P2P service to these regions, aiming to reduce transaction costs, enhance liquidity, and encourage crypto trading. Users can access this facility by logging into their Bitfinex accounts and selecting the P2P option.
Bitfinex Successfully Prevents $15 Billion XRP Exploit Attempt
Bitfinex successfully prevented a complex exploit attempt targeting $15 billion worth of XRP, highlighting the continuous need for advanced security measures in cryptocurrency exchanges. The exchange's correct system configurations played a pivotal role in averting potential theft, emphasizing the importance of robust cybersecurity practices in the digital currency domain.
Crypto Exchange Bitfinex to Stop Serving Ontario Crypto Investors
Cryptocurrency exchange Bitfinex announced that it will be leaving the Ontario market, reminding users to withdraw all their funds before March 1.
Netflix to Release Documentary on 2016 Bitfinex Hack
Netflix Inc has announced it is going to release a documentary about the 2016 Bitfinex hack, a financial crime that can earn the tag as one of the biggest financial thefts in history.
First Bitcoin Mixer Slapped with $60M Fine by FinCEN in Money Laundering Crackdown
FinCEN charged a Bitcoin-mixing operator with a $60 million civil money penalty for violating anti-money laundering regulations.
US Supreme Court Rules Against SEC’s Ability to Fine Crypto and Blockchain Firms
The US Supreme court has limited the amount in punitive fines that the US Securities and Exchange Commission (SEC) can impose on cryptocurrency and blockchain firms, in a historic ruling yesterday.
Ripple CEO Hints that XRP Operations Will Be Fine Despite SEC Lawsuit and Previous Failure to Settle
Ripple’s CEO Brad Garlinghouse demystified certain things pertaining to the Securities and Exchange Commission (SEC)’s lawsuit.
Mina Stones to Propel Ethical Mining in Africa via Credits Blockchain
Mina Stones, a pioneer of Handcrafted African Fine Jewelry, seeks to avert the unethical mining problem in Africa by using Credits blockchain to alter the present gemstones supply chain.
Deutsche Bank Ignored Suspicious Activity of Child Sex Trafficker Jeffrey Epstein, Bitcoin Community Screams Hypocrisy
The NY State Department of Financial Services has slapped Deutsche Bank with a $150 million dollar fine, Bitcoin Community has been quick to call out the institutional bank’s shortcomings in funding international sex trafficker Jeffrey Epstein.
The Adoption of Bitcoin May See Considerable Increase if the Proposed Cash Ban in Australia Activates
Under the new bill being considered by the Australian Parliament, people could be jailed for two years and pay a fine of $ 25,200 for just using more than $10,000. If this bill is passed, it will force its citizens to look away from traditional fiat currencies and go for decentralized digital currencies such as Bitcoin.
Crypto Data Platform Offers Digital Asset Data to Institutional Clients via BT Radianz Cloud
CryptoCompare, the digital asset data provider company for both institutional and retail clients, announced in a press release on its blog that it plans to offer a suite of digital asset data products via the BT Radianz Cloud, as a secure and reliable financial markets cloud communities which will enable institutional clients to have a fine, secure and dependable perspective of the growing digital asset class.
People's Bank of China Seeks to Prohibit the Creation of Digital Tokens
The People’s Bank of China (PBOC) is calling for public opinion or feedback in line with its plans to revise its extant banking laws
Ethereum’s Vitalik Buterin: Centralized Digital Currencies Without Privacy Are a Huge Step Back
Vitalik Buterin the Ethereum co-founder believes that mainstream adoption of digital currencies is inevitable, with or without blockchain, but will that currency be sovereign, corporate or decentralized?
New York Man Charged with Defrauding Investors $4.5 Million in Cryptocurrency Investment Scheme
A New York man has been charged in US federal court with defrauding investors out of millions of dollars in crypto assets that he used on offshore gambling sites. A criminal complaint was filed on July 9, and the US Attorney’s Office charged Douglas Jae Woo Kim, 27 years old, with wire fraud in which he allegedly conned three investors out of over $4.5 million of Ethereum and Bitcoin.
Hypervine Pilots Blockchain-Enabled Satellite Data Project to Curb Climate Impact of Mining Sector
Hypervine, a blockchain construction company based in Glasgow, Scotland, has revealed the kicking off of a blockchain-powered project that will utilize satellite data to boost efficiency in the mining industry. Expressly, it will be funded by the European Space Agency (ESA).