British Virgin Islands-based Bitfinex, the fifth largest crypto trading platform in the world in terms of trading volume, intends to relocate its business to Zug, Switzerland, Cointelegraph auf Deutsch reported Tuesday, March 27. Jean Louis van der Velde, CEO at Bitfinex, confirmed the exchange’s plans to the Swiss business newspaper Handelszeitung Tuesday. The Bitfinex leadership has reportedly met several times with the State Secretariat for International Finance SIF and also with the Federal Councilor Johann Schneider-Ammann, who heads the Economic Department of Switzerland. "We are looking for a new domicile for Bitfinex and the parent company iFinex, where we want …

Anonymous blogger Bitfinex’ed, who markets his or her blog as a place for “exposing possible fraud by largest Bitcoin exchange, Bitfinex/Tether,” has reportedly hired D.C.-based lawyer Steven Palley as part of a potential legal battle between the blogger and the exchange. Bitfinex is currently the third ranked exchange by volume over a 24 hour period according to data from CoinMarketCap, trading a total of around $987 mln by press time. When reached for comment, Palley declined to give a statement due to security concerns. Palley was able to confirm that the following is an accurate excerpt from a letter he …

Cryptocurrency exchange Bitfinex has quietly turned its platform into a private members-only club -- new users now require “invitation codes” to open an account. However, in a Kafkian twist, the exchange has not mentioned the change or provided any information about where to obtain a code. When a new user goes to sign up on the site, they are shown an “Invitation Code” field that, according to the description, was added “due to extraordinary demand.” - The sign up window on Bitfinex as of December 19, 2017 Since the exchange suddenly started requiring invitation codes without any official announcement, confused …

As Bitcoin dips below $4000 after JPMorgan CEO Jamie Dimon’s criticism, analysts are forecasting a return to as low as $3000. In daily and weekly chart comments Wednesday, Tone Vays led the way predicting a bear market, calling $3000 the “perfect buy.” “I have strong support at $3,000 so don't see it going lower,” he added in several commentaries on Twitter. Daily & Weekly $BTCUSD are a bit mixed, but more Bearish than Bullish. Strong support & perfect #Bitcoin buy is $3,000. Will it get there? pic.twitter.com/EPcx7F3KVI — Tone Vays [#NO2X] (@ToneVays) September 13, 2017 Prices across cryptocurrency markets continue …

What is Tether? Tether is a cryptocurrency that represents real currencies in a Blockchain market. The project was founded in November 2015. It has two tokens USDT and EURT, which were made as analogues of USD and EUR in a Blockchain world. These cryptocurrencies are closely connected with the exchange Bitfinex. At first, Tether was based on the Bitcoin Blockchain system, but in June 2017, the transition to Litecoin was declared. Since May 2016, Tether capitalization increased rapidly. At the end of August 2017, it amounted to approximately $320 mln. During 2016, there were no significant changes in the circulation. …

Former CEO Mark Karpeles warns Mt. Gox's US$500 million loss of funds could happen again, just as BitFinex announces its own possible solution. As Mark Karpeles expressed his concern that digital currency exchanges are still holding customer deposits, BitFinex has announced a new system designed to verifiably hold each account's funds separately on the blockchain. 'Another disaster waiting to happen' The scale of the problem both are addressing is huge with 818,000 bitcoins being reported as stolen between 2010 and early 2014. With Karpeles being CEO of the Mt. Gox exchange when it lost US$500 million of customer deposits, his …