Bitfinex Suspends Fiat Deposits amid Bitcoin Selloff

Must Read

Total Assets Under Management Of Grayscale Have Grown To $3.3 Billion

A recent tweet by Grayscale's official Twitter account mentioned that on February 19, 2020, "Net Assets Under Management,...

bZx Hackers Trying To Move The Stolen Currency Reports CoinHolmes

The recent hacks at bZx have led to many people questioning the DeFi (decentralized finance) system. An analysis...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And Anyone Favoring One Over The Other Is Undermining Both

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is showing his or her own...
5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

The Block, the British Virgin Islands-based but Hong Kong-operated exchange has “temporarily paused” EUR, USD, JPY, and GBP wire deposits, although screenshots from customer accounts circulated on social media suggest that the situation should “normalize within a week.”

Per The Block, Bitfinex was actually banking at Bitfinex through a private account via Global Trading Solutions. Consequently, it’s possible that HSBC was not aware that it was holding Bitfinex assets, and following the significant press coverage has suspended or closed that account.

This week denying allegations that it is insolvent, though many critics remain unconvinced, particularly given the exchange’s close association with the controversial tether (USDT) cryptocurrency.

The cryptocurrency market has faced a significant sell-off on Thursday, raising questions about whether there is a connection between the decline and concerns over Bitfinex’s oft-opaque operations.

Reports had emerged last week that Bitfinex, long suspected to be holding funds at the now-faltering Noble Bank in Puerto Rico, had found a permanent banking partner in HSBC.

Hot News

Total Assets Under Management Of Grayscale Have Grown To $3.3 Billion

A recent tweet by Grayscale's official Twitter account mentioned that on February 19, 2020, "Net Assets Under Management, Holdings per Share, and Market...

bZx Hackers Trying To Move The Stolen Currency Reports CoinHolmes

The recent hacks at bZx have led to many people questioning the DeFi (decentralized finance) system. An analysis from Peckshield security shows that...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And Anyone Favoring One Over The Other Is Undermining Both

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is showing his or her own insecurities regarding Gold or Bitcoin...

OKEx Exchange Launched Spot Margin Trading And Savings For 19 New Digital Assets

OKEx announced the launching of 19 new digital assets for spot margin trading and saving service from February 21, 2020. OKEx exchange is...

Two Arrested in Investigations with Cryptovaultua for Money Laundering

The Fiscal Information and Investigation Service has arrested two men in suspicion of money laundering with cryptocurrency. The investigations led by the Functional...

Ripple Partner Ria Money Transfers Joins Forces With Austrian Post for Remittance Service

Euronet Worldwide connected with Ripple and integrated the Ripple cryptocurrency. Ria Money Transfer is a subsidiary of Euronet Worldwide. The partnership will be...

bZx Hackers Trying To Move The Stolen Currency Reports CoinHolmes

The recent hacks at bZx have led to many people questioning the DeFi (decentralized finance) system. An analysis from Peckshield security shows that...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And Anyone Favoring One Over The Other Is Undermining Both

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is showing his or her own insecurities regarding Gold or Bitcoin...

OKEx Exchange Launched Spot Margin Trading And Savings For 19 New Digital Assets

OKEx announced the launching of 19 new digital assets for spot margin trading and saving service from February 21, 2020. OKEx exchange is...

Two Arrested in Investigations with Cryptovaultua for Money Laundering

The Fiscal Information and Investigation Service has arrested two men in suspicion of money laundering with cryptocurrency. The investigations led by the Functional...

RELATED NEWS

Total Assets Under Management Of Grayscale Have Grown To...

A recent tweet by Grayscale's official Twitter account mentioned that on February 19,...

bZx Hackers Trying To Move The Stolen Currency Reports...

The recent hacks at bZx have led to many people questioning the DeFi...

Brendan Blumer Suggests Gold And Bitcoin Are Similar And...

Brendan Blumer talked about the similarity between Gold and Bitcoin. A person is...