Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Bitfinex => Topic started by: densuj on October 08, 2018, 06:44:54 AM
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Bitfinex has vigorously refuted claims that it and its Tether stablecoin are on the brink of insolvency. Rumors have surrounded the opaque exchange for over a year, but have intensified in the past month. “Bitfinex is not insolvent, and a constant stream of Medium articles claiming otherwise is not going to change this,” asserts a strongly worded denial. https://news.bitcoin.com/bitfinex-strongly-refutes-insolvency-claims/
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Bitfinex has restored the ability of customers to make fiat currency deposits. Details of its new deposit system remain shrouded in secrecy, however, with the exchange going to extraordinary lengths to conceal the identity of the bank(s) in question. Its “distributed” system, designed to circumvent censorship, has brought the critics out in full force. https://news.bitcoin.com/bitfinex-introduces-top-secret-banking-system/
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Bitfinex partnered with Hong Kong Bank of Communications.
Payments will be made through a private account of Prosperity Revenue Merchandising Limited.
Citibank acts as a correspondent bank when transferring funds from Bank of Communications to the USA. Wells Fargo also performed the same role for Bitfinex partners in Taiwan before suspending the processing of iFinex Inc. services. and Tether Ltd. in April 2017.
At the same time, Tether Ltd. has entered into an agreement with the Bahamian Deltec Bank. Operators of some OTC platforms also expressed a desire to open accounts with this bank for direct cooperation with the issuer USDT.
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A brand new Bitfinex app is coming for on the go traders and we're excited to let you try.
Designed to mimic the functionality of our website, traders can expect a quick and intuitive trading experience with access to all core Bitfinex features.
https://medium.com/bitfinex/a-new-bitfinex-app-is-here-52a0f1c81254