Bitfinex records the highest gas fee on Ethereum network worth $23M
On September 27, the crypto exchange Bitfinex made a significant transaction by sending $100,000 worth of the stablecoin Tether (USDT) to the layer-2 subsidiary platform DeversiFi and was charged $23M in gas fee. The exchange paid 7,676 ETH, or $23.7 million, for unknown reasons, making it the biggest gas fee ever recorded on the Ethereum […]
Bitfinex debuts the first L2 bridge from CeFi to DeFi
It will be possible to conduct ERC-20 token transactions between centralized and decentralized exchanges using the bridge launched by Bitfinex. Investing in cryptocurrencies With the launch of its market-debut service, Bitfinex will be able to connect its centralized platform to the layer-2 decentralized trading platform and subsidiary DeversiFi. When used in conjunction with the permissionless […]
Hong Kong-based crypto exchange Bitfinex launches STO platform regulated in Kazakhstan
Investment exposure to blockchain-based equities, bonds, and investment funds will be provided by Bitfinex’s new security token platform. In a move to enter the security token offering (STO) business, Hong Kong-based cryptocurrency exchange Bitfinex has launched a STO platform that is regulated by the Kazakhstan Securities and Exchange Commission. Bitfinex Securities, the blockchain-based investment product […]
Bitfinex pay launches U2F authentication for online merchant payments
Bitfinex cryptocurrency exchange has launched a new open authentication standard U2F for its online payments service Bitfinex Pay, the move is in order to improve user security and privacy on their platform. The change gives Bitfinex Pay widget users the ability to accept payments for goods and services in a variety of cryptocurrencies, including Bitcoin […]
See Why Bitcoin Short Positions At Bitfinex Closed Before Bitcoin’s Drop Below $32K
Why did the majority of Bitcoin short positions at Bitfinex close before the most severe section of the correction? Bitcoin still sticks in limbo, trading near $33,000 and stuck in a downturn which seemed to be getting worse by the day. Analysts have used a variety of technical and on-chain measures to try to figure […]