Bitfinex | ForkLog

ForkLog 10 04.06.2024

Crypto Holders Retain Bitcoin Amid $70,000 Surge

Following Bitcoin’s price touching $70,000, more than half of the coins remain inactive, indicating long-term confidence in the asset. This conclusion was reached by CryptoQuant, reports CoinDesk. The lack of on-chain movements of such a high proportion of supply may suggest further price increases, experts added. In other words, the sentiment remains “stubbornly bullish.” “Despite […]

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ForkLog 17 05.05.2024

Paolo Ardoino Dismisses Claims of Bitfinex Data Breach

Bitfinex’s Chief Technology Officer, Paolo Ardoino, expressed skepticism regarding reports of a potential user data breach at the cryptocurrency exchange. Everyone panicking for a potential database breach on bitfinex.Tldr: seems fake. The alleged hackers have posted 2 mega links with sample data contains 22.5k records of email and passwords. — we don’t store plaintext passwords, […]

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ForkLog 18 16.04.2024

Bitfinex Identifies a ‘2020 Pattern’ Preceding Bitcoin Surge

A significant reduction in the inactive supply of the leading cryptocurrency, which has been changing for over a year, suggests asset withdrawal from exchanges or sales by long-term holders, according to a report by Bitfinex. Volume of Bitcoin held by long-term holders. Source: Bitfinex. Current actions by bitcoin investors mirror the pattern observed in December […]

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ForkLog 59 11.04.2024

Bitfinex to Tokenize Hotel Construction in El Salvador

Bitfinex Securities is set to issue tokenized debt for the construction of a Hampton by Hilton hotel complex at El Salvador’s international airport, according to The Block, citing a press release. The initiative is spearheaded by Inversiones Laguardia SA de CV. The token, to be launched on the Bitcoin sidechain Liquid Network under the ticker […]

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ForkLog 2 27.03.2024

Wall Street’s Financial Influence on Bitcoin Mining Examined

Funding of public companies has strengthened their role in mining digital gold. The decentralization of the Bitcoin blockchain is under threat. Collaboration and innovation, along with geographical diversification, will help uphold the network’s principles. Institutional funding of public companies has disadvantaged individual and small miners and may have long-term implications for network dynamics, according to […]

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ForkLog 13 19.03.2024

Bitfinex Highlights Altcoin Strength and Ethereum Weakness

Analysts noted a decline in demand for bitcoin ETFs, coinciding with the fall of the leading cryptocurrency. Altcoins show resilience, while Ethereum demonstrates “disappointing dynamics.” The ongoing decline of Bitcoin since March 14th will test “institutional appetite,” potentially leading to a period of price redistribution across the broader crypto market, according to analysts from Bitfinex […]

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ForkLog 11 29.02.2024

US Authorities Transfer $922 Million in Seized Bitfinex Hack Bitcoins

On February 28, two wallets associated with the coins seized in the Bitfinex hack case made multiple transfers to unidentified addresses. This information is available on the Arkham Intelligence platform. The first wallet initially transferred 1 BTC, followed by a transaction of 2817 BTC (~$172.74 million). Another wallet sent 0.01 BTC and 12,267 BTC ($748.46 […]

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ForkLog 7 26.02.2024

Bitfinex Highlights Bitcoin’s Appeal as an Inflation Hedge

Bitcoin is gaining traction as a safe-haven asset in countries experiencing persistently high inflation. This was stated by Jag Kooner, head of derivatives at The Block. The expert highlighted the macroeconomic risks this year, which make the purchase of the first cryptocurrency, gold, and silver relevant. “A sustained level of inflation, above the comfort zone […]

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ForkLog 16 28.01.2024

Amazon to Produce Film on Bitfinex Hack

Amazon MGM Studios has commenced production of a feature film titled Razzlekhan, which will depict the story of the 2016 Bitfinex cryptocurrency exchange hack involving 120,000 BTC. This was reported by Deadline. The film is based on a 2022 New York Times article about the couple Ilya Lichtenstein and Heather Morgan, who are accused of […]

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ForkLog 30 15.01.2024

Failed Exploit Attempt on Bitfinex Involving $15 Billion in XRP

A purported XRP transaction worth nearly $15 billion from an unknown wallet to Bitfinex was part of a failed attempt to exploit partial payments. This was stated by the exchange’s CTO, Paolo Ardoino. Someone attempted to attack @bitfinex via “Partial Payments Exploit”.Attack failed since Bitfinex properly handles ‘delivered_amount’ data field.https://t.co/EiGw9UQmmq (updated with better gif) https://t.co/8I7vlO05ou […]

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ForkLog 11 27.12.2023

Bitfinex analysts foresee further Bitcoin correction over the holidays

Bitcoin faces the risk of a price correction during the New Year holidays due to selling pressure from short-term investors. The Block reported this, citing Bitfinex derivatives chief Jagg Kuner.

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ForkLog 7 12.12.2023

El Salvador to place Bitcoin bonds in Q1 2024

The Salvadoran Digital Assets Commission approved the Volcano Bond placement in the first quarter of 2024.

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