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El Salvador's Crypto Law Allows Bitcoin-Backed Bonds
bitfinex

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
bitfinex

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
bitfinex

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
bitfinex

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.

Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
bitfinex

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.

iFinex Proposes $150 Million Share Buyback from Bitfinex Hack Victims
bitfinex

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
bitfinex

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
bitfinex

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.

Bitfinex to Launch New Security Token Offering Platform Regulated by Kazakhstan
bitfinex

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

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.

Bitfinex, Ava Labs raise $10M for DeFi technology amid market turmoil
bitfinex

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.

Just four men controlled 86% of stablecoin issuer Tether Holdings Limited
bitfinex

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.

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