Bitfinex

Bitcoin (BTC), the world’s largest cryptocurrency, has rallied over 22% in the past two weeks to trade at around $63,200, following a significant drop to $52,000 on September 6. This is the highest level BTC has reached in almost two months. Critical Resistance At $65,200 Looms According to a recent report from digital asset trading platform Bitfinex, this price increase was largely driven by the Federal Reserve’s (Fed) decision to cut interest rates, which helped propel BTC to a new…

Tokyo, Japan, July 5th, 2024, Chainwire $DOP, the token of the Data Ownership Protocol (DOP) will be available for trading in 7 major cryptocurrency exchanges such as Bybit, Kucoin, HTX, Bitfinex, Gate.io, MEXC, and WhiteBIT, starting July 5th, 2024. The Data Ownership Protocol clarified that on Bybit, the token will be listed as $DOP1 to avoid confusion with an existing fiat coin. On KuCoin, Gate.io, Bitfinex, MEXC, and WhiteBIT, the token will be listed as $DOP. DOP launched its mainnet…

The post Bitfinex Analyst Says EU Elections Could Be Make-or-Break Moment for Crypto Here’s Why  appeared first on Coinpedia Fintech News As the European Union (EU) prepares for parliamentary elections next week, the cryptocurrency sector braces for potential regulatory shifts that could significantly impact its future trajectory. According to Bitfinex’s Head of Derivatives, Jag Kooner, the outcome of these elections could either lead to stricter controls or accelerate supportive regulations, depending on the political landscape. Election Impact on Crypto Regulations…

[PRESS RELEASE – Kuala Lumpur, Malaysia, May 8th, 2024] Awepay.io, a digital payments technology provider known for its early pioneership of financial technologies for mainstream and alternative merchant segments for South East Asia has been welcome as the latest enterprise member for Bitfinex Pay, an emergent payment gateway that enables users to pay online for goods and services using a variety of cryptocurrencies popular today. The agreement, formalized on 8th April 2024, sees Awepay.io playing a catalytic role in accelerating…

The post Bitfinex CTO Dismisses Database Breach Rumors appeared first on Coinpedia Fintech News Bitfinex Chief Technology Officer Paolo Ardoino defied rumors of its database breach. Several reports suggested a potential database leak of 22,500 records of emails and passwords from Bitfinex users. However, as per Ardoino, the breach was likely fake, and only a small percentage of the leaked information matched the exchange users. He also questioned the legitimacy of the hackers’ claims and the failure to contact the…

The post Bitfinex Faces Data Breach Controversy with 400,000 Customers Affected appeared first on Coinpedia Fintech News Bitfinex, a major cryptocurrency exchange, faces turmoil following reports of a significant data breach. However, Tether’s CEO, Paulo Ardoino, questioned the legitimacy of the breach and said it “seems fake”. Approximately 2.5 TB of data and sensitive information from around 400,000 customers have been leaked. This has spread concerns among users about asset security. Despite the alarming situation, the CEO points out inconsistencies…

Bitfinex Analysts are bullish on Bitcoin price, highlighting it is currently undervalued. Different factors and metrics hint at the prospect of a bullish recovery. Analysts at Bitfinex crypto exchange say Bitcoin (BTC) is on the verge of a breakthrough, citing two major metrics flashing a bullish signal for the cryptocurrency. The analysts’ sentiments raise renewed hope for crypto traders and investors after witnessing recent volatility that led to the leading cryptocurrency falling from an all-time high of $73,628. Key Metrics…

Analysts at crypto exchange Bitfinex say several on-chain metrics are flashing the buy signal for bitcoin (BTC), indicating a potentially attractive entry point for market participants. According to the latest Bitfinex Alpha report, the Market Value to Realized Value (MVRV) measure and the open interest (OI) weighted funding rate, which shows the cost of holding bitcoin futures positions, signal an advantageous buying opportunity for BTC investors. An Attractive Entry Point for BTC Investors The MVRV indicator, which plays a crucial…

In the midst of the dramatic changes that have occurred in the cryptocurrency space after the Bitcoin halving event, Bitfinex provides a perceptive analysis that reassures investors that the market dynamics of BTC have remained positive in the post-halving period. Bitfinex examines the on-chain data and finds encouraging signs for Bitcoin in spite of the United States economy’s current state of uncertainty in its most recent Alpha report, which was released on April 22. Bitcoin Market Dynamics Remains Bullish According…