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The Latest Breaking News from Bitfinex

Crypto thief released early thanks to Trump's First Step Act

Ilya Lichtenstein is coming home after serving time for the Bitfinex hack.

TechRadar

Stablecoin Companies Are Scrambling to Take Advantage of GENIUS Act Guidelines

With the passing of the GENIUS Act in Congress, stablecoin companies like Tether are rebranding to USAT to anchor themselves as American-based.

inkl

Bitcoin Has A 25% Chance To Hit $140,000 By Year-End, Analysts Say

The cryptocurrency market is in a state of fragile equilibrium, with Bitcoin (CRYPTO: BTC) trading around the $112,500 level.

Benzinga

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Bitcoin Dips Below $117,000: What On-Chain Data Reveals About The Next Big Price Shift

Bitcoin (CRYPTO: BTC) is down nearly 5% from its all-time high of $122,838, trading at $116,880 as of Tuesday morning European time, as the broader crypto market pauses ahead of key macroeconomic data and reacts to a spike in large-scale on-chain activity.

Benzinga

Bitcoin Enters Historically Weak Q3 With Mixed Feelings: Report

Bitcoin (CRYPTO: BTC) has remained range-bound since early May, and analysts expect this trend to persist in the upcoming quarter.

Benzinga

Trump cabinet member’s links to El Salvador crypto firm under scrutiny

Commerce chief Howard Lutnick’s firm backed controversial crypto giant Tether as Bukele ties deepened

The Guardian - US

Cantor Fitzgerald partners with Tether, Bitfinex and SoftBank to launch Bitcoin acquisition company

Twenty One Capital plans to launch publicly with 42,000 Bitcoins.

Fortune

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Review: Netflix's Biggest Heist Ever Documentary Takes Bitcoin Seriously

The film exemplifies the new age of mainstream respectability the token has entered.

Reason

Crypto thief dubbed the ‘Crocodile of Wall Street’ says she’s just misunderstood as she starts prison sentence

‘This was a media spectacle — but they were wrong about me,’ Heather Morgan said

The Independent UK

Tether Is Relocating To Bitcoin Country El Salvador, Nayib Bukele Welcomes $USDT Issuer 'Home'

Tether will soon complete the formalities needed to relocate to El Salvador, marking the most significant development in the country's bid toward attracting crypto business providers.

International Business Times

Cryptocurrency Trader's Defamation Lawsuit Against Wall Street Journal Can Go Forward

From Monday's decision in Harborne v. Dow Jones & Co., by Judge Kathleen Miller (Del. Super. Ct.); the opinion is… The post Cryptocurrency Trader's Defamation Lawsuit Against Wall Street Journal Can Go Forward appeared first on Reason.com.

Reason

New Use Cases Drive Activity In Onchain Economy, Institutions Locked In: Blockchain Report

Delphi Digital has released its Onchain Economy Report and it provides a deeper look into how the onchain economy has evolved this year, with Base playing a key role in driving the momentum.

International Business Times

Bitfinex Launches First-Ever Tokenized US Treasuries In Latin America Under El Salvador Framework

Bitfinex Securities has launched Latin America's first tokenized U.S. securities, marking a milestone in the region's access to such markets and setting a high bar for other aspiring issuers to follow.

International Business Times

Crypto hacker who stole $11 billion of bitcoin sentenced to prison

Ilya Lichtenstein sentenced for theft of $11 billion worth of bitcoin from the Bitfinex crypto exchange

The Independent UK

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Evening Standard

US hacker jailed for five years over Bitcoin heist worth billions of dollars

Ilya Lichtenstein stole around 120,000 Bitcoin - now worth $7.6 billion

The Independent UK

Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison

A computer expert who stole bitcoin worth billions of dollars at current prices — and then spent years laundering some of the hacked cryptocurrency with help from his wife — has been sentenced to five years in prison

International Business Times

Bitfinex To Explore Komainu Connect Integration For New Remote Custody Solution

Bitfinex has agreed to explore integration with Komainu Connect to provide institutional customers with a safe and secure channel to trade their digital assets, highlighting the exchange's commitment to compliance and efficient crypto solutions.

International Business Times

Robinhood BTC Stash Grows By 14% In The Last 6 Months: Arkham Data

Robinhood has grown its Bitcoin holdings significantly in the last six months, placing it just behind Bitfinex and Binance in single cold wallets with the largest known BTC.

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International Business Times

US Moves $2B In Seized Bitcoin From Silk Road: On-Chain Data

The U.S. has once again moved Silk Road Bitcoin, just weeks after it transferred over $900 million of Bitcoin seized from the massive Bitfinex hack in 2016.

International Business Times

El Salvador Makes Good On Daily Bitcoin Buy Promise, Now Holds 5,700 BTC

El Salvador isn't allowing a week-long Bitcoin slump to discourage its Bitcoin treasury goals as it did, as proven by on-chain data, purchase one BTC daily in the past 11 days.

International Business Times

Crypto Mixer Bitcoin Fog Founder Found Guilty Of Money Laundering

Roman Sterlingov, which the DOJ accused of operating Bitcoin Fog, has been found guilty of money laundering and other related charges following his 2021 arrest in a case that has raised concerns about law enforcement's conviction methods.

International Business Times

WSJ Reportedly Sued Over Tether-Bitfinex Article Alleging Suspicious Activities

The Wall Street Journal has reportedly been sued for defamation over its February 2023 article wherein several paragraphs featuring Tether shareholder Christopher Harborne and his company AML Global, have since been removed.

International Business Times

Data Shows US Govt. Transferred Over $900M Seized Bitcoin Amid BTC's $60K Jump

The U.S. government, on the day Bitcoin hit $60,000 for the first time in over two years, transferred more than $900 million worth of Bitcoin it seized from the Bitfinex exploit in 2016, blockchain intelligence data revealed.

International Business Times

Tether CEO Reacts After Cantor Fitzgerald's Chair Validates Stablecoin Issuer's Reserve Strength

The stablecoin issuer has endured prolonged scrutiny regarding its backing of USDT, a stablecoin that currently boasts an extensive market capitalization exceeding $95 billion, firmly establishing it as the predominant stablecoin in global circulation.

The Hindu

Karnataka SIT in touch with over 30 foreign exchanges to establish money trail in alleged bitcoin scam

The SIT has identified some suspect transactions in local banks. It suspects that some bitcoins were encashed with the help of a jeweller. However, they need evidence of bitcoin transactions to verify whether these suspect transactions are linked to the alleged bitcoin scam.

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