Bitfinex
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Massive Bitcoin Transfer to Bitfinex Raises Speculations
According to reports, Whale Alert data shows that 15999 BTC (valued at approximately $425465570) has been transferred from unknown wallets to Bitfinex. 15999 BTC transferred from unknown wallet to Bitlinex Analysis based on this information:The cryptocurrency market was recently hit by a significant transfer of Bitcoin (BTC) from unknown wallets to Bitfinex. Whale Alert, a blockchain tracker, reported that 15,999 BTC, estimated to be worth $425,465,570, was transferred to the exchange platform. This massive move immediately drew the attention of the cryptocurrency community, raising many speculations about its possible implications. One theory that surfaced is that the transfer was made by institutional investors, who are increasingly entering the world of cryptocurrencies. If true, it would indicate that these investors see a potentially profitable opportunity in the current Bitcoin market, which has remained particularly resilient. Other speculated motives behind the transfer include a rush into Bitcoin because of the global economic uncertainty caused by the COVID-19 pandemic or the accumulation of…
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Massive USDT Transfer from Kraken to Bitfinex: What Does it Indicate?
On March 17th, according to Whale Alert data, 68000000 USDTs were transferred from Kraken to Bitfinex. 68 million USDTs transferred from Kraken to Bitfinex Analysis based on this information:On March 17th, Whale Alert data revealed that 68,000,000 USDT (United States Dollars Tether) was transferred from Kraken to Bitfinex. This is a massive amount of USDT that has been transferred between two major cryptocurrency exchanges, and as such, it has raised several questions among traders and analysts. USDT is a stablecoin that is pegged to the US dollar, with a 1:1 ratio. It is one of the most widely used cryptocurrencies in the world, and it is used by traders as a means of holding their funds in a stable currency, without the volatility of other cryptocurrencies like Bitcoin and Ethereum. The transfer of such a significant amount of USDT is a noteworthy event, and it may have implications for the cryptocurrency market. The transfer of USDT from Kraken to Bitfinex…
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Bitfinex and Stargate Finance Contract Conversion: A Look into Unexpected Proposal
According to the official announcement, Bitfinex previously announced its support for the contract conversion of Stargate Finance (STG), which is expected to take place on March 15. Therefore, STG token recharge and withdrawal will be suspended on March 13. However, after the initial announcement, the Stargate Foundation proposed a new proposal to cancel the reissue of any STG, which was unanimously approved after a vote. Therefore, the STG contract with the contract address on the Ethereum network remains unchanged. Bitfinex has resumed Stargate Finance (STG) recharge and withdrawal Analysis based on this information:Bitfinex, a cryptocurrency exchange platform, had announced its support for Stargate Finance (STG) contract conversion. However, the Stargate Foundation proposed an unexpected proposal to cancel the reissue of any STG, which was also approved by a unanimous vote after the initial announcement. Therefore, the STG contract with the contract address on the Ethereum network remained unchanged. Stargate Finance is a decentralized finance (DeFi) platform that operates on the…
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Large Transfer of USDT from Bitfinex to Kraken: Possible Market Movement Ahead?
On March 15th, according to Whale Alert monitoring data, 49999997 USDTs were transferred from Bitfinex to Kraken at 20:44:59 Beijing time. Data: Nearly 50 million USDTs transferred from Bitlinex to Kraken Analysis based on this information:The recent transfer of 49,999,997 USDT from Bitfinex to Kraken on March 15th, as reported by Whale Alert monitoring data, has caught the attention of the cryptocurrency market participants. USDT, or Tether, is a digital asset that is pegged to the US dollar, with each unit representing one dollar. It has gained tremendous popularity in recent years, becoming one of the most widely used stablecoins in the cryptocurrency ecosystem. Bitfinex, a prominent cryptocurrency exchange, has been associated with Tether since its launch in 2014. It is widely believed that Tether is used to manipulate the prices of other cryptocurrencies on Bitfinex, as the exchange accounts for a significant portion of the trading volume in the market. The transfer of a large amount of USDT from…
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Large Transfer of USDT to Tether Treasury Raises Questions
It is reported that according to WhaleAlert data monitoring, 50 million USDTs (about USD 50457500) were transferred from Bitfinex to Tether Treasury.
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Bitfinex Launches Innovative DeFi Protocol Token NOM
According to the official announcement, Bitfinex will launch the innovative DeFi protocol Onomy Protocol token NOM. Bitlinex will open NOM recharge on March 13,
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Bitfinex to Support Contract Conversion of Stargate Finance
According to the official announcement, Bitfinex announced that it would support the contract conversion of Stargate Finance (STG), which is expected to take pl
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Bitfinex Launches a New Cryptocurrency Called Blur (BLUR) with Plans of Opening Trades by 2023
On February 24, according to the official announcement, Bitlinex announced the launch of Blur (BLUR), the deposit will be opened at 11:00 (UTC) on February 23,…
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Bitfinex Supporting Cosmos Network Upgrade
On February 16, according to the official announcement, Bitlinex will support Cosmos (ATOM) network upgrade. ATOM charging will be suspended from about 20:00 B…