On October 20, 2020, the amount of Bitcoin (BTC) held at major exchanges fell below 2.5 million BTC for the first time in two years. Nexo co-founder Antoni Trenchev opined to Cointelegraph that this trend is driven by the world finally realizing that only Bitcoin offers sound monetary policy: “[People are] slowly are realizing what some of us have known for a while — BTC is the only sound monetary policy right now and you cannot afford to depart from the best performing asset of the decade.” He also noted that the community is resorting more to self-custody solutions, including …

Bitcoins (BTC) stolen from major cryptocurrency exchange Bitfinex back in 2016 are on the move again, as hackers shift another massive batch of funds to unknown wallets. According to data from crypto transaction tracking service Whale Alert, Bitfinex hackers moved more than $4.6 million in stolen BTC on Oct. 8. These funds were sent to unknown wallets in two separate transactions of 435 BTC and 8 BTC. But the hackers have moved far more than this amount earlier this week. According to Whale Alert, Bitfinex hackers completed seven more similar transactions on Oct. 7, totaling at 2,900 Bitcoin, or $26.4 …

Update: Cointelegraph has learned that this product has been delayed until October 15th, 2020. Crypto exchange Bitfinex is now offering a way for holders of three different cryptocurrencies to earn up to 6.2% annual interest. According to a Sept. 30 announcement, Bitcoin (BTC) and Ether (ETH) holders are now eligible to earn up to 6.2% annual percentage yield, or APY, through a partnership with Celsius Network, while XRP holders can earn up to 4.91% APY. The lending platform, which currently has more than $1 billion in coins from roughly 150,000 users, said it would allow interest on the tokens to …

On August 20, a Tether swap worth $1 billion happened — it involved Binance, Bitfinex, and a major fire dumpster on TRON (TRX) blockchain. Tether flows. Source: Flipside Crypto. From time to time, the news of Tether burning some of its supply on one blockchain and then minting it anew on another appears in the headlines. Although it sounds easy enough, in reality, it involves quite a bit of planning and more importantly — trust. Tether $1 billion swap transactions. Source: Cointelegraph. During the six-transaction swap that spanned two blockchains and took 1 hour and 1 minute to complete, the …

Blockchain Center has compiled data for some of the biggest Bitcoin (BTC) hodlers — from the Winklevoss twins to various scammers and hackers, and even “zombie coins”. Allegedly, the twins own 150,000 BTC, which places them between the Bitfinex hackers, who own 120,000 BTC, and the Mt. Gox trustees who lay claim to 166,000 BTC. One spot above the latter is occupied by another notable scam — the Plus Token scammers, who allegedly hold 200,000 BTC. Tim Draper supposedly holds a paltry 30,000 BTC, which he acquired in a government auction of coins seized from Silk Road. "Zombie coins” are …

Bitfinex went offline for more than five hours today, with the exchange initially not confirming when it would be up and running again. According to an Aug. 12 tweet posted by the exchange, Bitfinex officially halted trading as of 20:25 UTC. The status page was still online at that time, and stated the exchange was investigating issues with reduced performance on the platform. “The cause has been identified and we are working to restore trading activities,” Bitfinex said in an update tweet. “All funds are safe.” We are investigating issues with platform reduced performances and have temporarily halted trading. We …

Crypto exchange Bitfinex is offering up to $400 million to anyone who can lead it to the hackers who stole over 120,000 Bitcoin (BTC) in August 2016. According to the company’s post on Aug. 4, it is even willing to reward the hackers themselves. The people behind the 2016 attack breached the security systems of Bitfinex and managed to complete around 2072 unauthorized transactions. The company clarified that this is its “latest effort” to recover these stolen funds. Bitfinex explained how the reward will work: “Those who put Bitfinex in contact with the hacker will receive 5% of the total …

Someone with access to the 119,756 Bitcoin stolen from crypto exchange Bitfinex in 2016 moved $12 million to unknown wallets in the last six days. According to a series of tweets posted by Whale Alert on August 3, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 620 Bitcoin (BTC) — worth roughly $7 million at the time of writing — over 4 transactions. On July 29, nearly $5 million — or 448 BTC — was moved in a single transaction. Coupled with the recent movement of $39 million from July …

Some of the 119,756 Bitcoin that was stolen from crypto exchange Bitfinex in 2016 has started moving again. According to a series of tweets posted by Whale Alert on July 27-28, wallet addresses known to be associated with one of the largest breaches ever of a crypto exchange moved 3503 Bitcoin (BTC) — worth roughly $38.7 million — over 12 transactions. The largest individual movement was of 476.32 BTC, or approximately $5.2 million, while the smallest was 2.612703 BTC, or $28,849. Slowly moving billions in crypto To date, the hackers responsible for the Bitfinex breach have moved only 1-2% of …

Tether (USDT) recently rose through the ranks as it replaced XRP as the third highest ranked asset by market capitalization. It now sits at a total of more than $9 billion in circulating USDT, dwarfing its stablecoin competitors in traded volume and overall supply. Cointelegraph interviewed Paolo Ardoino, the CTO of Tether and Bitfinex, to get an inside look into the sudden rise. Half of Tether’s total growth came after the infamous March 12 market crunch, jumping from $4.6 billion to $9.1 billion in the span of a few months. Ardoino revealed that this is not a coincidence. Old money …

The Bitcoin (BTC) market has been quiet lately. A little too quiet. As of Tuesday Bitcoin’s volatility levels had dropped to levels unseen since 2017. In recent weeks, Bitcoin has fallen behind as investors piled into altcoins such as Chainlink (LINK) and Cardano (ADA) . One possible explanation for Bitcoin’s consolidation may be an increased presence of high-frequency trading (HFT) firms in crypto in recent months. Speaking to Cointelegraph, Paolo Ardoino, CTO of Bitfinex explained that he believes HFT is a major reason behind Bitcoin’s low volatility. “In crypto, we are back to the old days of HFT before it …

Major cryptocurrency exchange Bitfinex is listing Dogecoin (DOGE) as excitement around the meme-based altcoin keeps mounting. In a Twitter announcement on July 10, Bitfinex said that deposits were already available and that it would begin supporting Dogecoin at 8:30 am UTC the same day. Dogecoin: Bitfinex “releases the gud boi” The move caps a bizarre week for Dogecoin, which saw its value shoot up after a spontaneous publicity campaign involving users of social media platform TikTok. Perhaps directly due to the attention that the campaign generated, Bitfinex stepped into the trading arena — Google data suggests that many new consumers …