Brokers Crypto Markets News 

Exclusive: Market Synergy Launches VPS to Connect Brokers to Bitfinex

“Market Synergy, an institutional cryptocurrency connectivity provider, announced this Tuesday that it has launched a cloud-based Virtual Private Server (VPS) which can connect brokers, hedge funds and professional traders to cryptocurrency trading platform Bitfinex” writes Celeste Skinner for financemagnates.com. As Finance Magnates reported in January of this year, the companies went live with institutional-grade connectivity which allowed brokers, and other financial firms to take a FIX feed or ISP link to Bitfinex’s digital asset gateway. Source: financemagnates.com

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Crypto News 

QuadrigaCX Reportedly Stored ETH on Kraken, Bitfinex and Poloniex, Research Finds

“Cryptocurrency exchange QuadrigaCX probably stored a significant quantity of Ethereum (ETH) in other crypto exchanges, according to new evidence” writes Adrian Zmudzinski for cointelegraph.com. More precisely, the author of the report reportedly “believes that there is a very strong possibility” that nearly 650,000 ETH belonging to QuadrigaCX were stored on the Kraken, Bitfinex and Poloniex crypto exchanges during QuadrigaCX’s operations. Also in February, news broke that Canadian banks have shown hesitation concerning the management of insolvent cryptocurrency exchange QuadrigaCX’s assets because of money laundering concerns.As Cointelegraph reported in February, following the…

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Crypto News 

Bitfinex Receives Fraction of Recovered Stolen Funds from US Govt

“The United States government has partially returned stolen Bitcoins to Bitfinex which were recovered after the theft from the exchange” writes Arnab Shome for financemagnates.com. According to the crypto exchange’s official post on Medium, it has received 27.7 BTC worth around $104,000.The theft from Bitfinix is the 4th largest heist from crypto exchanges – only falling behind to Coincheck, Mt.To compensate the victims, the crypto exchange credited BFX tokens, the platform’s native digital coin, one per every dollar lost to its clients’ accounts.Gox shut its doors in 2014, leaving millions…

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Crypto Markets News 

Bitfinex Resumes Trading After Unexpected 2-Hour Outage as Crypto Markets Surge

“According to the study that reviewed 135 crypto exchanges, Bitfinex ranked 5th for most secure exchanges globally, with an A- rating” writes Ana Berman for cointelegraph.com. Hong Kong-based cryptocurrency exchange Bitfinex notified users in a tweet Saturday, Feb. 9, that it had temporarily gone offline for all users, as crypto markets saw major gains.We can confirm Bitfinex is offline to all users. Source: cointelegraph.com

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Crypto Markets News 

Bitcoin Briefly Below $3,400 as Crypto Landscape Struggles

“For instance, Litecoin hit the $34 level on the world market average, while EOS struggles to reach the $2.50 mark, but remains at $2.38” reports livebitcoinnews.com. This is essential because if Bitfinex falls, so does the bitcoin market.Bitcoin still reels from its recent setbacks as most digital currency trading floors still provide a rather shaky outlook for the crypto as of yesterday.If projections of a downward slide does happen for bitcoin  – and Litecoin maintains its strong momentum – a promising altcoin-Bitcoin bond may be in the offing. Source: livebitcoinnews.com

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Crypto Markets News 

Bitfinex Crypto Exchange Launches Margin Trading for Stablecoin Tether

“While stablecoin margin trading is currently limited to USDT/USD, the exchange is planning to introduce margin trading for some other stablecoin pairings once sufficient liquidity is reached” writes Ana Alexandre for cointelegraph.com. Hong Kong-based cryptocurrency exchange Bitfinex has introduced margin trading for stablecoin Tether (USDT), according to a blog post published Dec. 21.Along with a dedicated lending market, USDT will be available as collateral for margin positions, the post further reads.Bitfinex has launched margin trading for the USDT/USD pair, which would purportedly lead to more efficient price discovery and enable…

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Crypto News 

Bitfinex Adds 4 Stablecoins–An Attempt to Take Space from Tether?

“Bitfinex has now become one of more than 35 exchange platforms that offer trading options with USDC. Others include Coinhub, BitMax, Bitfinace, Fetch, Ethex, Ethfinex, and Tokenize Exchange” writes Rachel Mcintosh for financemagnates.com. According to a blog post by Circle, more than 70 “exchanges, protocols, platforms, applications, and wallets” have adopted the use of USDC. Source: financemagnates.com

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Crypto News Platforms 

Bitfinex, Ethfinex Add Four More USD-Backed Stablecoins

“In October, top crypto exchanges OKEx and Huobi both added four USD-backed stablecoins at once” writes Ana Alexandre for cointelegraph.com. The move from Bitfinex and Ethfinex places them into the ranks of major digital currency exchanges actively listing stablecoins on their platforms.Last month, major crypto exchange Binance announced it would list Circle’s USD-pegged stablecoin USDC, subsequently renaming its USDT Market into a combined Stablecoin Market (USDⓈ).The move follows the introduction of direct USDT-fiat trading in late November, through the addition of USDT/USD and EURT/EUR trading pairs on the Bitfinex platform. Source:…

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Crypto News 

Tether Re-Opens Direct Redemption of Fiat, While Bitfinex Adds Tether-Fiat Trading Pairs

“Source: Tether.to In conjunction with the recent update on Tether.to, major crypto exchange Bitfinex has introduced direct fiat-to-Tether trading by adding the Tether Dollars (USDT) and Tether Euros (EURT) trading pairs” writes Helen Partz for cointelegraph.com. However, Tether deposits initiated before 2:30 p.m. (UTC time zone) on Nov. 27 are credited to users’ fiat wallet balances, while Tether deposits carried out after the indicated time will be credited as Tether.Popular stablecoin Tether has announced 1:1 redemptions of USDT to fiat, while affiliated crypto exchange Bitfinex added two new Tether-fiat trading…

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