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Bitfinex

big techCryptoenterprise blockchainpaytechstablecoins
·May. 6, 2019

Facebook and Bitfinex both want $1 Billion for Crypto Stablecoins

There is poetry in the symmetry of this situation. Bitfinex is looking to raise $1 billion in capital to support the most popular stablecoin Tether, which it controls. Facebook is reportedly looking to raise $1 billion in capital from First Data, Visa and Mastercard and other payments companies to shore up its own stablecoin asset. Poetry is where the similarities end, and all these devils are in the details.

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FintechNews RoundupUSA
·Dec. 4, 2017

Bitfinex hit by Flash Crash and Customers Demand Refunds

Prices of cryptocurrencies NEO, OMG and ETP crashed close to 90 percent on the Bitfinex exchange before reverting back to normal levels; the crash caused the closure of many accounts that made leveraged trades and lost those accounts thousands in potential profits; Bitfinex claims the exchange worked as it should in the situation, but traders disagreed and complained via social media about the crash as well as demanding refunds; the site was slow to respond and traders unable to access their accounts according to complaints; incidents like this test the overall cryptocurrency markets as many believe they are unstable and not safe. Source.

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EuropeFintechNews RoundupUSA
·May. 3, 2019

Announcements & Releases for May 3, 2019

Visa’s Margaret Reid on the future of passwords and financial products The SEC must solve its cryptocurrency custody conundrum After...
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