Bitfinex battles money withdrawal problem

Bitfinex, one the world's biggest cryptocurrency exchanges, faced a problem of money withdrawals on the platform reported by the users
19 November 2017   297691

The members of the community of Bitfinex cryptoexchange started noticing problems with money withdrawal on the exchange. The problem might be linked to the connection between Tether and Bitfinex and the issues concerning redacted information that would normally be included in an audit.

The users started noticing swings of price and comparing those to Bitfinex’s margined trading practices, stating that there was no response from the support and that the company was putting them at risk. This might eventually result in major losses for the company and for the users. The users on Twitter were concerned that the market was being moved by large-scale trades.

Nevertheless on November 19 Bitfinex made an announcement on Twitter stating that both fiat and crypto withdrawals are functioning normal and that the statements were FUD aimed to create a market disrupting event.

The users still continue to be anxious about their financial status bewaring that such problems might eventually lead to the company's crash. Bitfinex claimed that the formal announcement towards the recent allegations is forthcoming.

$15.3M Worth Building to be Sold For BTC

House with a total area of ​​1059 sq.m. is located in the most fancy part of Manhattan's Upper East Side
11 November 2019   58

Ben Shaoul, an American real estate tycoon, sold a $ 15.3 million apartment building in Manhattan, but instead of the traditional currency, the deal was made in bitcoins. This is reported by the Cointelegraph.

House with a total area of ​​1059 sq.m. is located in the most respectable part of Manhattan's Upper East Side.

Ben Shaoul, who holds the position of president of Magnum Real Estate Group, declined to comment, but a source familiar with the details of the deal said the buyer was Affluent International LCC, a Taiwan-based company.

In addition, Eric Hedwat, a broker at Jet Real Estate, which represented the interests of Magnum Real Estate Group, described the transaction as an “exceptionally smooth process.”

Another object owned by Ben Shaoul was previously offered for sale with a payment option in bitcoins, but was eventually sold for $ 82 million in hard currency.

It is also reported that, in addition to the Magnum Real Estate Group, another company from New York accepts cryptocurrencies - Bitcoin, Ethereum and Ripple. The $ 29 million facility is also located on the Upper East Side.