Bitfinex To Resume Fiat Deposit in the Next 24 Hours

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Bitcoin’s biggest exchange, Bitfinex has just announced via a tweet that all fiat deposit system will be available in the next 24 hours, by Tuesday, October 16, 2018.

Bitfinex temporarily suspended all deposits for Euro, U.S. Dollar, Japanese Yen, and Pound Sterling, on Oct 11. This led to speculation that Bitfinex is close to insolvency or has lost its bank account for the umpteenth time.

However, Bitfinex denied the rumors by stating that the exchange is far away from being insolvent and that all withdrawals are fully operational and functioning normally.

This news was quite alarming to some members of the crypto community because if Noble Bank was really insolvent, it could have devastating implications on the cryptocurrency economy as a whole, due to the fact...

Read More: https://news.bitzamp.com/bitfinex-to-resume-fiat-deposit-in-the-next-24-hours/