Tether is yet to come clean on its alleged involvement with Bitfinex exchange and issuing USDT tokens which are alleged to have been not backed by the U.S Dollar.
Post a wild rally of $4k in a matter of just 48-hours, Bitcoin enters the correction zone.
The Hong Kong-based bitcoin trading platform has announced it is immediately leaving retail market in the United States because of challenging regulatory environment.
Two major bitcoin exchanges unveiled the cyberattacks occured this week, which is not surpsrising given the bull market in cryptoassets.
The IOTA team has been preparing for its token launch on the exchange for two years and now finally the technology is mature enough to go live.
China’s major cryptocurrency exchange OKCoin has stopped accepting USD deposits, a day after the Hong Kong-based cryptocurrency exchange Bitfinex suspended wire transfers.
Several days ago, Bitfinex announced delays in the processing of outbound USD wires while now warned customers to avoid sending incoming wires as far as they could not be processed.
As soon as the 30-minute process is completed, all 100% of currently issued and outstanding BFX tokens will be redeemed.
The current price slump is strongly connected with attempts of China to shore up the yuan.
The Hong Kong-headquartered cryptocurrency exchange has informed it will restore trading and withdrawing services a week after it faced a cyber attack that resulted in a loss of $75 million in bitcoins.
The Hong Kong-based digital currency exchange, which was hacked by anonymous criminals last week, said its clients will lose 36% of their bitcoin deposits.
Bitfinex announced that all trading, deposits, and withdrawals will be temporarily disabled.