Tether and Bitfinex have jointly transferred 25,812.22 BTC, worth approximately $2.7 billion, to Twenty One Capital. This move aligns with their investment support for the newly launched Bitcoin-native firm. The large-scale Bitcoin transfer marks the beginning of Twenty One Capital’s treasury stockpile mission. Tether Transfers 18,812 BTC in Two Transactions to Support Treasury Strategy Tether […]
Bitfinex
Tether-Backed Twenty One Capital Acquires $458.7M Bitcoin, Eyes New ATH
Twenty One Capital, a Tether-backed investment firm, purchased 4,812 Bitcoin for $458.7 million. The deal was revealed on May 13 via a U.S. SEC filing as part of a larger business merger with Cantor Equity Partners (CEP). The company acquired the BTC at an average price of $95,319.83 each. This transaction makes Twenty One Capital […]
Bitcoin Crashes 30%, Second-Largest Correction of This Bull Cycle: Bitfinex
Key Takeaways: Bitcoin plunged steeply, declining from its $109,590 peak on Jan. 20 to $77,041 in the March 9-15 period. In its latest report, Bitfinex stated that this 30% fall is the second-deepest correction so far in the ongoing bull cycle. Historically, drawdowns have been common in bull cycles, generally bottoms before a further rise. […]
Bitfinex Disrupts Investment in El Salvador With Tokenized Bitcoin Mining Notes,BMN2 in 2025
In a move to further solidify El Salvador’s position as a global crypto hub, Bitfinex is set to launch its Blockstream Mining Note 2 (BMN2) in the first quarter of 2025. This tokenized product offers investors an accessible way to earn Bitcoin mining income with lower entry barriers. Bitfinex Introduces Lower-Cost Bitcoin Mining Investment Bitfinex […]
U.S. Prosecutors Seek Court Approval for Return of 94,643 Bitcoins from BitFinex Hack
U.S. prosecutors are requesting court approval to return 94,643 stolen bitcoins to the Bitfinex exchange. However, a more complex legal process delays the recovery of the remaining 25,000 BTC. Legal hurdles continue to complicate the case. Bitfinex Set to Recover Stolen Bitcoin U.S. prosecutors have filed a motion to return nearly 80% of the stolen […]
Bitfinex Hacker, Ilya Lichtenstein ‘Razzlekhan’ Sentenced To 5 Years For Multi-Billion Theft
Key Insights: In a recent judgement by the U.S Department of Justice, Ilya Lichtenstein has been sentenced to five years imprisonment. Lichtenstein was charged for orchestrating a Bitfinex cryptocurrency theft and money laundering. The case is tied with the 2016 Bitfinex hack which resulted in the theft of 119,754 Bitcoin worth billions of dollars at […]
Bitcoin and Ethereum Short Interest Dives to Record Lows on Bitfinex
Recently, interest in short positions for Bitcoin and Ethereum on Bitfinex has reached all-time lows, according to Alphractal, a professional platform for investment data analysis. This trend marks an enormous shift in market dynamics: historically, a rapid increase in long positions on Bitfinex was usually followed by a market decline. In the case of Bitcoin, […]
Bitfinex Data Breach Allegations Debunked by Tether CEO
The cryptocurrency world was recently rocked by a series of allegations surrounding a data breach at Bitfinex, one of the largest digital asset exchanges. However, the Tether CEO’s rebuttal has now shed light on the complexities of this evolving situation. The controversy began when a ransomware group, dubbed “FSOCIETY,” claimed to have gained access to […]
Bitfinex Sparks Frenzy with $6.25M Tokenized Hotel Debt Launch
Bitfinex Securities, the tokenized securities platform, is making waves once again with its latest endeavor in El Salvador. The company, which became the first regulated entity to operate in the country under the new Digital Asset Securities Law, is set to launch a tokenized debt issue in collaboration with El Salvador firm Inversiones Laguardia S.A. […]
Mega Bitcoin Shuffle: US Gov. Moves $1B BTC
The US government has reportedly moved 15,085 bitcoins worth over $920 million to two new wallets. Seized in the infamous 2016 Bitfinex hack, the funds were transferred to unknown addresses in a series of four transactions in less than two hours. At present, the US government holds 200.16K BTC valued at roughly $12 billion. According […]