Bitfinex Platform Upgrade Update
Bitfinex Platform Upgrade Update
🔄 Upgrade Nearing Completion...
Bitfinex has provided updates on their scheduled platform upgrade. The upgrade commenced at 9:30 AM UTC on May 5th, 2024, and the platform was taken offline for approximately 2-3 hours. At 11:55 AM UTC, the platform will return in view-only mode, allowing users to cancel orders before trading resumes at 12:00 PM UTC. Prior to the upgrade, Bitfinex had announced the temporary downtime and provided a link to a detailed announcement. The company had also previously investigated and addressed issues with reduced platform performance, temporarily halting trading before resuming operations.
Our upgrade is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 11:55 AM UTC, before trading opens at 12:00 PM UTC. Thank you for your patience.
Our scheduled upgrade has begun and Bitfinex is offline. Please monitor our X account and bitfinex.statuspage.io for updates. Thank you for your patience!
Our scheduled upgrade has begun and Bitfinex is offline. Please monitor our X account and bitfinex.statuspage.io for updates. Thank you for your patience!
Our scheduled upgrade is set to commence 30 mins from now (9:30 AM UTC). The Bitfinex platform, along with all features, will be down for approximately 2 to 3 hours. For more information on what to expect, please refer to the full announcement: blog.bitfinex.com/announcements/…
We are investigating issues with platform reduced performances and have temporarily halted trading. We will keep everyone updated on here and our Status Page bitfinex.statuspage.io as we know more.
🔧Scheduled Maintenance: the Bitfinex Trading Platform will be temporarily offline for 2-3 hours on May 5, 2024, starting around 9:30 AM UTC. More details here 👇 blog.bitfinex.com/announcements/…
Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 12:45 PM UTC, before trading opens at 12:50 PM UTC. Thank you for your patience.
We are investigating issues with platform reduced performances and have temporarily halted trading. We will keep everyone updated on here and our Status Page bitfinex.statuspage.io as we know more.
Our scheduled upgrade is set to commence 30 mins from now (9:30 AM UTC). The Bitfinex platform, along with all features, will be down for approximately 2 to 3 hours. For more information on what to expect, please refer to the full announcement: blog.bitfinex.com/announcements/…
Dubai Bans Privacy Tokens as China's Digital Yuan Hits $55B in Cross-Border Transactions
**Major regulatory shifts are reshaping global crypto markets:** - **Dubai** has cracked down on privacy tokens and stablecoins - **South Korea** is blocking unregistered crypto applications - **China's digital yuan** has processed over $55 billion through the [mBridge](https://www.bis.org/about/bisih/topics/cbdc/mbridge.htm) cross-border payment system These developments signal a fundamental restructuring of crypto and payment infrastructure rather than short-term market movements. Regulators are tightening controls while state-backed digital currencies gain traction in international settlements. The trend continues the shift away from dollar-dominated stablecoins toward regulated alternatives in euros, yen, and yuan—challenging USD's onchain dominance.
Japan Bond Yields Rise, Crypto Faces Tighter Liquidity
**Japan's 30-year government bond yield jumped to 3.9%** and remains elevated near 3.7%, signaling a shift in global liquidity conditions. **Key implications:** - The era of cheap yen funding appears to be ending - Tighter liquidity conditions ahead for global markets - Bitcoin and crypto assets face increased exposure to macro shocks - Digital assets showing heightened sensitivity to bond yield movements This development marks a notable change in the funding environment that has supported risk assets in recent years.
BFX Securities Head to Discuss Tokenization in El Salvador
**Jesse Knutson**, Head of Operations at BFX Securities, is traveling to El Salvador to discuss key developments in digital finance. **Key topics include:** - Tokenization of real-world assets - Regulated issuance frameworks - Bridging traditional capital markets with blockchain infrastructure BFX Securities operates as the first licensed platform in El Salvador, previously discussing Bitcoin-based T-bills and RWA tokenization at Plan B conference.
Bitcoin-Gold Ratio Down 52% as Gold Hits Record $4,700
Gold reached an all-time high of $4,700 per ounce, while the Bitcoin-to-gold ratio has declined 52% from its peak. **Key Points:** - The BTC/gold ratio is at levels last seen before Bitcoin's previous outperformance against gold - Market positioning is shifting as investors reassess the relationship between the two assets - Bitfinex analysts suggest monitoring this metric as liquidity conditions develop through 2026 Historically, when this ratio reached similar levels, Bitcoin subsequently outperformed gold. The current setup may indicate a potential shift in relative performance between the two assets as market conditions evolve. [Read full analysis](https://cointelegraph.com/news/bitcoin-30-day-realized-losses-gold-record-high)
🇸🇻 Bitfinex Returns to El Salvador
Bitfinex is heading back to El Salvador for the Plan B Forum, taking place January 29-31. The event will focus on: - Real-world Bitcoin adoption - Market infrastructure development - Practical Bitcoin implementation The forum brings together the exchange and the global Bitcoin community to assess progress and discuss the future of Bitcoin in El Salvador. [Register here](http://planb.sv)