Leading cryptocurrency exchange Bitfinex has strengthened its KYC compliance procedures in an effort to bring all its customers on the same page and crank up the due-diligence methods.
Bitfinex CTO Paolo Ardoino explains why the exchange’s shrinking volumes don’t really matter
Cryptocurrency exchange Bitfinex now enables its users to purchase cryptocurrencies with both credit and debit cards.
In a sharply worded brief, the New York Attorney General’s Office has criticized the exchange’s tactics in its case involving the Tether stablecoin’s backing.
Bitfinex users can now shop at Bitrefill straight from their trading environment on bitfinex.com, and the two have established a Lightning channel.
The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether have notified users that they were hit with another class action lawsuit
A common attack against Tether in the crypto ecosystem is that the stablecoin isn’t really backed one-to-one by the U.S. dollar. We might soon get to know
The operators of Bitfinex claim that the cryptocurrency exchange is a victim of fraud committed by its payment processor Crypto Capital. The men behind
for Allegedly Printing $2.8 Billion of ‘Fake’ Tether (USDT) and Causing the Crypto Market Bubble of 2017-2018
Tether should introduce the cryptocurrency community to the concept of systemic risk: after something is infrastructure, it gets into everything. When you withdrawal the infrastructure suddenly, a bunch of things break all at once, even ones that don’t look exposed, because of the transitive nature of the dependency graph.
Where is Tether critical, load-bearing infrastructure? Lots of places. It represents of the liquidity for many “altcoins” (cryptocurrencies which are less popular than the main ones, like Bitcoin/Ether). It is the unit of account and the internal reserve of many of the less-banked exchanges. It very probably functions as the credit supply which keeps liquidity in the system.