Bitfinex

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.

The Golden Halving Trading Competition hosted by Bitfinex, the world's leading digital asset trading platform, has officially concluded. The top 10 traders will receive their rewards shortly. Although the competition has ended, Bitfinex promises more trading competitions in the future. In a surprising development, Jack_Romeo and Lady_Gaga_Salem have swapped positions in the rankings. The winner of the competition will be announced tomorrow.

A recent study by the International Monetary Fund (IMF) has shed light on Bitcoin's crucial role in enabling cross-border financial activities, particularly in regions with limited access to traditional banking systems. The findings underscore the potential of Bitcoin to facilitate financial inclusion and international transactions.

Bitfinex, a prominent digital asset trading platform, has unveiled a new 'Recurring Buy' feature that enables users to automate their buying across all their investments. Additionally, the platform now provides users with the ability to track their average buy-in price, facilitating smarter investment decisions with every order. This update encourages the practice of dollar cost averaging, a strategy that involves investing a fixed amount at regular intervals, regardless of market conditions.

Bitfinex, a prominent digital asset trading platform, has launched a new lending service called Bitfinex Lending. This service aims to provide users with a secure and transparent way to earn passive income from their digital assets by lending them out at competitive rates. Bitfinex Lending is designed to offer a streamlined experience, allowing users to generate a steady stream of income without having to part with their cryptocurrencies.

Bitfinex's upcoming newsletter will feature a 7-part series exploring the intricacies of the upcoming Bitcoin halving event. It will also provide insights into alternative cryptocurrencies like Ethena Labs, TokenFi, and Wormhole. Additionally, the newsletter will highlight Mutiny Wallet and the potential of rollups to enhance Bitcoin's scalability.

Bitfinex, a leading digital asset trading platform, has announced support for depositing and withdrawing Tether USD (USDt) using the TON transport layer. The TON blockchain, known for its fast and scalable network, has become the 18th supported blockchain for USDt deposits on Bitfinex. This integration aims to provide users with more options for seamless transactions involving the popular stablecoin.

Bitfinex, a prominent digital asset trading platform, has announced that it is currently investigating issues related to reduced platform performance. As a precautionary measure, the company has temporarily halted trading operations. Bitfinex has stated that it will provide updates on the situation through its official channels, including Twitter and its Status Page, as more information becomes available.

Seth Forprivacy, a representative from Foundation Devices, shared insights into the company's user-centric design approach for their Passport Bitcoin wallet. The focus is on combining ease of use with robust security to enable all users to manage their Bitcoin holdings safely. Foundation Devices aims to provide a seamless and secure experience for cryptocurrency management.

Bitfinex has provided an update on their ongoing Golden Halving Trading Competition. The competition, which involves trading the XAUt/BTC pair, is heating up as traders battle for the top positions on the leaderboard. The top spot has increased its lead, while the trader in the 7th position is surging towards the top 5. Bitfinex has teased that they will reveal more details, including potential position changes, on Friday. The competition offers a prize pool of 10,000 USD in Bitcoin for the top 20 traders.