Bitfinex

A second bitcoin exchange has suspended fiat deposits because of issues with intermediary banks.

Starting April 18th, 2017, customers of one of the largest cryptocurrency exchanges, Bitfinex, won’t be able to withdraw their Bitcoin to fiat due to problems with the Taiwan banks that the crypto exchange is moving customers funds through. Is this problem only between KGI Bank, First Commercial Bank, Hwatai Commercial Bank, Taishin Bank and the Bitfinex exchange, or could it affect all banks and exchanges within Taiwan?

Bitfinex has announced that it has finally redeemed 100% of all issued and outstanding BFX tokens.

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Bitcoin reaches its highest price level since the attack on Bitfinex in August 2016. On November 1, the Bitcoin price reached $732. Today, November 2 the price for Bitcoin is about $725.

Last week the price of Bitcoin rose and then fell again. The reasons for such jumps are still the problems on the Bitfinex Exchange.

Yesterday, August 10, the Bitcoin price soared to $600, and then dropped to $593.  The reason for this growth was the resumption of BTC trading at the Bitfinex Exchange.

Unlike other cryptocurrencies, DASH  managed not only to recover from the shocks caused by problems at the Bitfinex cryptocurrency exchange, but DASH’s price also showed significant growth, ending the week with the highest rates for the last 90 days.

Last week was a turning point for the price of Bitcoin, as it dropped sharply by almost $100. And we can’t expect a rapid recovery of the price soon.