Ethfinex Exchange unveiled by Bitfinex

Bitfinex announces an information and exchange platform called Ethfinex 
03 August 2017   1499

Is an open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

The launch of Ethfinex, an information and exchange platform for Ethereum-based trading and discussion, has been announced by Kasper Rasmussen, an owner and operator of the cryptocurrency exchange Bitfinex, On August 2nd.


Distributed database that is used to maintain a continuously growing list of records, called blocks

As the release details, Ethfinex will be a community and information hub for Ethereum-based projects, "designed to facilitate learning, discussion and analysis, whilst offering access to the most highly liquid and advanced trading platform for Ethereum ERC20 tokens".

Ethfinex by Bitfinex Ethfinex by Bitfinex

As the company claims, the core value of tokens and tokenised assets on Ethereum is the communities around them, but these communities are often "dispersed, with information that is difficult to find, analyse, store, and track". Thus, according to the realease, the long-term vision for Ethfinex will be the creation of a highly liquid, customer-centric digital asset exchange and information platform

To accelerate the development of on-blockchain exchange the Ethfinex platform will pioneer a hybrid decentralised architecture, allowing decentralised exchanges to plug into it and trade with Ethfinex customers as well as each other, the team argues

Ethfinex will reflect the nature of the Ethereum community itself, building strong two-way relationships with other project teams.

Kasper Rasmussen
Owner and operator of Bitfinex

According to the company, smart contracts and decentralisation will increasingly be built into everything Ethfinex does, alongside creating tools and modules necessary to interact with and contribute back to other projects in the ecosystem.

Website and whitepaper 

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   83

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.