Bitcoin Price Briefly Hits $67,200 as Bitfinex’s Analyst Forecasts Further Growth
According to a recent Bitfinex market report, the Bitcoin supply squeeze has already begun following the recent halving event.
Bitfinex entered into partnership with a token backed fiat currency system, dubbed Tether.
According to a recent Bitfinex market report, the Bitcoin supply squeeze has already begun following the recent halving event.
Bitfinex, a Seychelles-based cryptocurrency exchange has expanded its product offerings to include volatility futures for Bitcoin (BTC) and Ethereum (ETH), giving users the opportunity to bet on expected price performance of the two leading digital assets.
Apart from Malta, OKX has encountered regulatory troubles in other countries. The exchange is facing regulatory hurdles in India and has asked users to stop trading margins, perpetuals, and futures options.
As block rewards will reduce by 50% after Bitcoin halving in April 2024, BTC miners are selling heavily to finance the purchase of more efficient mining rigs.
The plot centers around Morgan and Lichtenstein, the masterminds behind the 2016 hack of Bitfinex, which led to their arrest in February 2022.
Followed by LIF3’s Token Migration to Ethereum Network for Enhanced Market Accessibility.
Nine new spot Bitcoin ETFs have accumulated over 100,000 BTC, valued at $4 billion AUM. BlackRock’s IBIT leads with 40,213 BTC.
Paolo Ardoino explained that the attacker anticipated Bitfinex’s system would be improperly configured to process partial payments.
The affected cryptocurrency exchanges have responded cautiously, stating their commitment to comply with local laws while minimizing disruptions to their services.
Presently, India is working on a crypto regulatory framework that is scheduled to take effect in 2024. The framework is based on a joint recommendation of both the International Monetary Fund and the Financial Stability Board.