The price of the Tether stable coin (USDT) pegged to the US dollar has tanked to an 18-month low on Monday, October 15, pushing the premium of Bitcoin and other cryptocurrencies on Bitfinex and a number of other exchanges.
Bitfinex, one of the world’s largest cryptocurrency exchanges, has once again denied speculations as to its possible bankruptcy, reiterating it is totally solvent.
The past week or so has been quite remarkable considering significant price differences at various bitcoin exchanges. It is most noticeable in case of Bitfinex, where Bitcoin is still trading at significant premium. At times, the spread reached $110.
Cryptocurrency exchange Bitfinex has announced it restored its operations, and activated depositing and withdrawing funds. All currency pairs are to be available for trading, while depositing and withdrawing is currently available for BTC, ETH, ETC and USD only.
August 7, Bitfinex website posted a message stating that the service will be back online soon. In two days’ time, the website will run in a restricted mode, thus enabling the customers to check their accounts.
Abrupt plunging of bitcoin price in the wake of a ruthless attack by an equally ruthless hacker who had stolen nearly 120,000 BTC from Bitfinex has surprisingly benefited the cryptocurrency in a way.
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Hong Kong-based exchange Bitfinex has stated that the losses incurred due to the recent hack may affect all of its users, including those whose wallets were not hacked in the first place.
Cryptocurrency exchange Bitfinex plans to gradually recover access for users in the wake of a hack and theft of 120k BTC.
Popular crypto-exchange Bitfinex has announced on Tuesday, August 2 that it halts all operations as a critical security issue has been discovered.
Just before the Homestead release Bitfinex bitcoin exchange announced forthcoming Ethereum support. At noon on the Pi Day, March 14, ETH/USD and ETH/BTC trading pairs will be introduced adding more liquidity to the overall market.
After the hacker spree that marked this year’s beginning cyber criminals seemed to go on vacation.