Bitcoin Buyers Bask in Latest Legal Defeat for Bitfinex & Tether

The New York Supreme Court ruled that the matter between the state’s Attorney General and Bitfinex parent company iFinex can continue. The bitcoin price rose 5 percent in response. | Source: Shutterstock; Edited by CCN By CCN Markets: The bitcoin price moved higher on new legal developments in the ongoing wranglings involving Bitfinex and Tether. …

Ex-Minnesota Vikings Owner Ensnared in Massive Bitcoin Scandal

By CCN: One of bitcoin’s biggest scandals just keeps growing more bizarre, as reports now indicate that former Minnesota Vikings co-owner Reginald “Reggie” Fowler finds himself ensnared by the scheme. The U.S. Justice Department charged Fowler – who also helped bootstrap the now-defunct Alliance of American Football – over his role in concocting a shadow …

Billionaire Bitfinex Shareholder Hints New Token after $850M Tether Scandal

By CCN.com: According to a statement released by Dong Zhao on Weibo, a billionaire investor in Bitfinex and a widely recognized trader, bitcoin exchange Bitfinex is planning to create an exchange-based token following the Tether scandal. Some local sources have said that investors in Asia have shown interest in the exchange token proposal made by …

US Justice Department Probes Tether for Bitcoin Price Manipulation

Twitter Facebook LinkedIn The US Department of Justice (DOJ) has reportedly opened a probe into whether Tether, the eponymous issuer of the USD-pegged cryptocurrency stablecoin tether (USDT), has engaged in illegal market manipulation to prop up the bitcoin price. Justice Department Investigates Tether for Crypto Manipulation Citing three people familiar with the matter, Bloomberg reports …

Place Your Bets! Bitfinex Opens Pre-Fork Bitcoin Cash Futures Market

Twitter Facebook LinkedIn Bitfinex has announced a new financial instrument on its platform in response to the upcoming hard fork of the Bitcoin Cash blockchain. Noting a sizable increase in short bets on BCH – traders apparently believing that the split will have a negative impact on the per-coin price of Bitcoin Cash – Bitfinex …

Bitfinex Strikes Back at ‘FUD’ over Phantom Tether Trading Volume

Cryptocurrency exchange Bitfinex is striking back at reports that it is publishing fake tether (USDT) trading volume, calling those allegations the latest “not-so-brilliant example of anti Bitfinex/Tether FUD.” The Curious Case of Bitfinex’s USDT/USD ‘Trading Pair’ The allegations stem from curious data published on cryptocurrency data aggregation site CoinMarketCap related to a supposed USDT/USD trading …