Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend. The top exchange and New York’s principal legal advisor went back and forth with each other in two new letters submitted to the New York Supreme Court. Within the fresh filings, each a response to a previous filing by the other, the same ole song and dance. Bitfinex continues to deny that it did anything wrong and opines that the NYAG has…

Bitcoin Traders Don’t Give a F**k About Tether’s Black Swan Scandal

By CCN: After New York alleged that industry giant Bitfinex had potentially committed fraud with its handling of the Tether cryptocurrency, one might have expected Bitcoin traders to initiate a mad rush for the exit. Shockingly, however, this black swan event barely caused a ripple in the global markets, proving that Bitcoin investors just don’t give a f**k. Bitcoin Barely Hiccups After New York Unleashes Bitfinex Bombshell Last week, the Office of the Attorney General (OAG) of New York published legal documents alleging that $850 million of Bitfinex reserves had…

BlueWallet Brings Lightning Network to Apple Smartwatch With New App

Popular Bitcoin and Lightning Network wallet BlueWallet has released a smartwatch-compatible version of their wallet app, the first attempt to bring Lightning support to the Apple hardware. The developers announced this new app on Twitter, briefly describing some of its functionality. Giving users the same utility as BlueWallet’s mobile iteration, the new app packs plenty of use on such a small device. Originally only a wallet for bitcoin itself, BlueWallet expanded into full functionality for the Lightning Network in late December 2018. Since then, it has been a popular option…

Ripple (XRP) Trading as Designed—Stable, Will 30 Cents Hold?

Ripple (XRP) prices flat Banks and payment processors sign agreements with Ripple Inc Prices are stable but not consummate with fundamental factors. With Ripple Inc striking deals and signing partnerships, Ripple (XRP) demand should be higher reflecting demand. However, that is not the case as XRP/USD range inside a 4 cents zone. Ripple Price Analysis Fundamentals Because of the nature of crypto and expectation of project supporters, an influential position within the project’s hierarchy is akin to a political role. Perhaps that’s why Satoshi Nakamoto, the founding father of blockchain…

Bitfinex’s Bitcoin Price Excluded from CoinMarketCap Average Calculation

Cryptocurrency data provider CoinMarketCap has excluded bitcoin prices provided by the troubled Bitfinex exchange from its weighted average calculation. Now, when checking BTC/USD data on CoinMarketCap, it shows a single asterisk mark for Bitfinex’s price, with the message at the bottom “Price excluded.” Notably, at time of writing, bitcoin is trading at a premium of over $300 on Bitfinex as compared to other major exchanges. For instance, on Coinbase and Gemini, the price is around $5,650, while on Bitfinex it is around $5,985. In its methodology description on its website, CoinMarketCap states the conditions for…