Bitfinex is in the coming altcoin news again for a new withdrawal of funds that was worth almost $90 million. The new Bitfinex withdrawal saw the funds being moved from the exchange’s cold wallet according to the cryptocurrency news outlet The Block which confirmed the news on April 26.
There was no public explanation about the new Bitfinex withdrawal from the exchange itself. Speaking of, Bitfinex has the same owner as the USD stablecoin Tether and is still not commenting anything about the recent debacle over potentially missing funds.
Over the past 12 hours, the exchange managed to move large amounts of Bitcoin (BTC) and Ether (ETH) from its wallets to an unknown address as well as smaller amounts of other coins including Maker Dao (MKR) – with all of it being reported by many best cryptocurrency news sites.
The new Bitfinex withdrawal also included an accusation by the United States Attorney General in New York which said that the exchange is using Tether power to cover a rumored $850 million funding gap with the reserves meant for backing the stablecoin.
Bitfinex made the latest cryptocurrency news by responding with anything about the accusations. The only comment about the Bitfinex withdrawal was a blog post in which the exchange said that both the platform and Tether (USDT) are financially sound.
“The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million ‘loss’ at Crypto Capital,” a statement released on Friday read.
It also continued while mentioning the new Bitfinex withdrawal.
“On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded. We are and have been actively working to exercise our rights and remedies and get those funds released.”
All of the latest Bitfinex withdrawals coincide with users signalling that the user base on Bitfinex had begun taking funds out as a safeguarding procedure. Among them, rumors say that the UK-based entrepreneur Alistair Milne has been playing things the safest, withdrawing a sum that is worth at least $1 million.
GlobalCoin By Social Media Giant Facebook To Roll Out By 2020
Galaxy Digital ‘Bank’ Cashes Out Of Block.one Investment With 123% Profits
“The acceptance of Block.one’s tender offer reflected a decision to rebalance the portfolio to maintain an appropriate level of diversification after the position increased due to its substantial outperformance relative to the remainder of the portfolio,” Novogratz then said.As the filing shows, Galaxy Digital Bank can attribute much of this loss to its principal investing and trading businesses, presumably due to the fact that November and December saw Bitcoin and many other coins falling to fresh lows, as the altcoin news showed. The filing notes that Galaxy Digital Bank is primarily founded by Novogratz's wealth, 20% of which is purportedly invested in Bitcoin and Ethereum. Even though the company lost $272.7 million in all of 2018, much of the losses were incurred as a result of sale of cryptocurrency. One Twitter analyst also went in detail on this. https://twitter.com/zhusu/status/1126394118093950983 However, this is not the end of Novogratz & co. The report revealed that as 2018 ended, Galaxy Digital Bank owned $350 million of assets, 50% of which constituted equity/stake in prominent industry startups. More importantly, Galaxy Digital announced the launch of another fund (rumored with hundreds of millions in funding) which will loan out capital to cryptocurrency firms - a business which has boomed during the 2018 bear market - as the latest cryptocurrency news show.
Crypto Market Retreat: $14 Billion Wiped Out Overnight
Bitcoin SV (BSV) Doubles In Value After The BTC Copyright Claims
“BSV doubled on Craig’s copyright news. This is only the start of him proving BSV is the only bitcoin. Now is a great time to convert all your other shite coins to Bitcoin.”However, as reported in the latest cryptocurrency news, the copyright does not entitle Craig Wright with any exclusive rights on Bitcoin. It seems as the big pockets are pouring and pumping the Bitcoin SV market to confirm the ‘’we-are-the-best’’ slogan. A massive 200 price surge is one of the reasons why traders should restrain themselves from buying the high or the lower lows. The Bitcoin SV (BSV) price corrected up to 53 percent before establishing a historic high at $195 on Huobi. The market bias is currently bullish and the majority of the technical indicators signal the strong buying sentiment. With the flawed fundamentals, a dump right now should not surprise the market.
Join us on Facebook
- Litecoin (LTC) Price Rallies Towards $105: Analysis
- Bitcoin’s Price Goes To $8K Again, Bullish Indicators Are Returning
- Margin Trading Service Soon Available On Binance Crypto Exchange
- Robinhood Brings Zero-Fee Crypto Trading App To New York Investors
- Samsung Pay Gets Ready For Crypto Integration: Report
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Bitcoin News3 days ago
Bitcoin Whitepaper Copyright Registration Filed By Craig Wright
Analysis1 day ago
Expected Bitcoin Drop Leads Major Crypto Assets To Drop By 7%
Bitcoin News3 days ago
Teen Bitcoin Millionaire: BTC Will Die If 4 Major Issues Are Not Solved
Blockchain News3 days ago
YouTuber PewDiePie Helps Blockchain Platform Grow Its User Base By 67%
Altcoin News3 days ago
Tether Issuer Claims It Had Invested Its Reserves Into Bitcoin
Regulation3 days ago
Central Bank Of Laos Warns Against Using Cryptocurrency
Bitcoin News5 days ago
Tom Lee Thinks That Bitcoin’s $8,000 Upswing Confirms End Of Crypto Winter
Altcoin News3 days ago
Most Altcoins Report Moderate Gains, Bitcoin Reaches $8,000