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KuCoin Suspected Hackers Found: Johnny Lyu Announcement

The KuCoin suspected hackers were reportedly found according to the latest announcement by the exchange’s CEO Johnny Lyu so let’s read more in the breaking cryptonews today. Lyu announced today he has found the KuCoin suspected hackers and said that the law enforcement are now involved in pursuing the case further. As Lyu tweeted:  “After a thorough investigation, we have found the suspects of the [Sept. 26] #KuCoin Security Incident with substantial proof at hand.” The CEO of the exchange added that the police was involved in the pursuit of the hackers, after last month’s hack where more than $150…

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Cointelegraph promotes Jay Cassano to CEO, Jon Rice takes over as editor-in-chief

Cointelegraph has new leadership as the world’s largest blockchain-focused media outlet promotes from within. Jay Cassano, Cointelegraph’s editor-in-chief, has accepted the role of CEO at Cointelegraph. Jon Rice, managing editor for Cointelegraph Magazine, will take over as the new editor-in-chief for the platform. Kristina Lucrezia Cornèr remains managing editor.  “I’m grateful to Cointelegraph for this opportunity and the trust placed in me by the company,” said Cassano. “It is only possible to accept this role knowing that the editorial team is in excellent hands led by Jon and Kristina.”  Cassano took the helm as Cointelegraph’s editor-in-chief in November 2019. An…

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China’s BSN Will Integrate 100 Public Blockchains This Year

China’s BSN will integrate about 100 public blockchains within a year in order to connect the fragmented blockchain industry so let’s find out more in the upcoming blockchain latest news. The Blockchain Service Network or China’s BSN will integrate these blockchains and it has already added support for EOS, Tezos, IRISNet, and Ethereum. The project aims to provide a hosting platform for individuals and smaller businesses which will act as a stop-hub for dapp developers. China’s BSN unveiled its plan to connect more than 100 public blockchains this year and as Red Date Technology reported, there are plans to roll…

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Uniris delivers the first website on top of Blockchain technology

For more than 4 years, Uniris team has been working in collaboration with renowned research institutes to develop the most scalable, safe and least energy-consuming blockchain.Recently, our focus has been on the development of the Uniris alpha network based on that research and its showcase through a unique, innovative and fully decentralized solution, by hosting the Uniris website on our blockchain.We are proud to announce that we have achieved our goal and our website has been migrated to its "OnChain" version, https://blockchain.uniris.io being the first real website on a Blockchain.This use case demonstrates the incredible potential of our technology by…

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Scheduled Platform Downtime — June 10th

Bitfinex will be performing a system upgrade on Wednesday, June 10th designed to enhance the stability and scalability of the iFinex infrastructure. The upgrade is set to commence at 8:00AM UTC and services will be offline from one to three hours.  Please note that this is a rough estimate and the precise upgrade starting time may change slightly based on market movements. The platform upgrade will require taking all iFinex trading platforms offline for the duration of the maintenance period. This means that Bitfinex traders will be unable to trade, view or obtain access to their wallets during the update.…

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A valuable environment for crypto traders to grow

Bitfinex is eager to create a valuable and safe environment where crypto traders can grow. A space where knowledge sharing is encouraged as we’re convinced that it will help build a stronger community.  We believe that a solid community would make the best advocate for crypto and potentially accelerate the awaited mass adoption. After months of preparation and lots of coffee, we proudly present you, Bitfinex Pulse! Bitfinex Pulse is a social platform and news feed aggregator especially built for crypto traders. It acts as a meeting point for traders and the carefully curated third parties, such as major crypto…

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How to work from home – Tips from the pros at Bitfinex

You may already know that Bitfinex is a globally distributed company that allows people around the world to deploy their talents. We have been smart working since 2014 with success, and now that is becoming a necessity for many companies and individuals, we asked the work from home (WFH) pros for tips to help you get into the swing of things. Schedule your own routine  One of the great things about working remotely is there’s no social stigma of when you arrive at the office. Not a morning person? No problem, you can stay in bed a little longer and…

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Bitfinex guide to cryptocurrency staking

Bitfinex launched its cryptocurrency staking service on 7th April 2020. If you’re unfamiliar with how cryptocurrency staking works, we’ve created this quick guide to help give you a better idea about crypto staking, the technology and the philosophy behind it.  Proof of Work vs Proof of Stake Before getting into cryptocurrency staking, first, we need to understand about the underlying concept that enables it. In blockchain, there are various consensus mechanisms, or more familiar as consensus algorithms. A consensus algorithm is a set of rules that govern how nodes validate transactions that will be added to the blockchain. Each blockchain…

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Bitfinex supports payments with credit and debit cards

A research on the most preferred online payment methods revealed credit cards as the number one option, followed by electronic payment and debit cards. Cryptocurrencies, on the other hand, are still growing both as means of payment and assets. Considering the industry is still in the early stages, the growth is astonishing. With around $6 billion of daily transactions for Bitcoin alone, the global blockchain market size is expected to reach $57 million by 2025. That said, the crypto ecosystem needs to grow exponentially to achieve the awaited mass adoption. As a crypto exchange, one of our efforts to grow…

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Bitfinex 2019: A year in review

2019 has been a great and productive year for the Bitfinex team. We’ve been working hard to provide our users with the best trading experience, while at the same time, playing our role as one of the major exchanges and pioneers in the crypto industry.  As the year comes to an end, it’s the perfect time to review what we’ve accomplished so far and reflect on how we can do better to contribute to the broader crypto community.  Here are the highlights of some of our accomplishments throughout the year:  January Migration onto dedicated servers Bitfinex migrates from AWS-Cloud to…

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Struck by the Lightning

It’s been more than ten years since the pseudonym Satoshi Nakamoto mined the first block of Bitcoin. The blockchain network has ever since hosted hundreds of millions of transactions and given lots of people new financial experiences they’ve never had before.  Bitcoin’s believers span from those who love the idea of a new world economy to those who are in it for the money. It is the symbol of a new movement that breaks limitations, especially of the traditional financial system. Bitfinex Supports the Lightning Network The Lightning Network is a second layer technology for Bitcoin that has the capability…

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The revolution continues

The crypto industry is built by aspiring people who see opportunities in problems and dare to take action to find solutions. It was initiated by the pseudonymous Satoshi Nakamoto, who believed that a decentralized money system was possible that the first cryptocurrency finally came into existence.  Since then, more people have joined the crypto movement, which has brought the industry to a rapid expansion. But there’s a question that’s been lingering for a while, “Will the crypto revolution last?” We believe that the answer depends on what the crypto believers are doing about it. Keeping the crypto revolution going is…

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Shop Bitrefill’s catalog and pay with Bitcoin on Bitfinex

We’re pleased to announce a joint initiative with Bitrefill that will enable our customers to shop using Bitcoin, utilizing the first B2B settlement process deploying the Lightning Network! Bitrefill is a provider of digital gift cards and mobile airtime refills using Bitcoin technologies. With the integration of Bitrefill’s catalog into the Bitfinex platform and by leveraging cutting-edge capabilities of the Lightning Network, our customers can use Bitcoin to pay for a variety of services, such as gaming, dining, entertainment and travel, or shop from Bitrefill’s international catalog of more than 2,000 digital gift cards and receive voucher codes instantly. In…

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Showcase Your Trading Skills and Claim Prizes in Tron!

We’re pleased to unveil Bitfinex’s first-ever trading competition – Take Flight with TRX! From 09/12/19 at 00:00 AM UTC to 15/12/19 at 11:59 PM UTC, our users can showcase their abilities trading with Tron (TRX).  Take your chance to be among the top traders by TRX trading volume and win amazing rewards from a total prize pool of up to 7.5 million TRX*. A user’s TRX trading volume will be the sum of their trading volume for all TRX pairs during the contest period. This contest is only open to verified users who must be at least 18 years of…

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Bitfinex and ODEM in Blockchain Education Initiative

We’re pleased to announce a strategic collaboration with ODEM to introduce a new model of education on the role of digital tokens in the blockchain-enabled economy. ODEM is an education marketplace built on Ethereum, connecting students, educators and service providers. For further information on ODEM, please refer to this summary in the Knowledge Base: https://support.bitfinex.com/hc/en-us/articles/360002754953-ODEM Through this strategic collaboration, Bitfinex and ODEM will launch a series of programs and courses to educate novice and advanced Bitfinex users who are interested in understanding the technical features of digital tokens. Our users will also have access to all of ODEM’s educational programs…

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