$94,316.00
6.67%$1,794.32
10.30%$2.30
9.49%$615.55
1.54%$152.52
9.33%$0.999934
-0.00%$0.182977
11.59%$0.706915
10.67%$0.246458
-0.77%$1,791.77
10.26%$94,364.00
6.78%$22.95
13.49%$14.93
11.86%$2.92
26.37%$0.273024
11.01%$9.06
0.04%$0.00001376
9.80%$0.187649
8.37%$3.13
6.88%$2,154.31
10.57%$0.999888
0.01%$361.49
3.95%$85.04
6.39%$19.09
4.70%$4.18
11.15%$4.62
3.91%$1.001
0.17%$1,794.78
10.57%$0.999039
-0.04%$0.672096
6.48%$226.49
4.21%$28.51
0.48%$1,911.46
10.52%$0.00000917
12.95%$94,246.00
6.47%$5.98
11.04%$5.36
10.70%$52.42
2.60%$2.50
14.22%$0.950227
10.74%$24.10
3.92%$336.75
3.64%$5.23
11.84%$32.95
2.23%$0.093749
13.39%$16.97
8.65%$1.05
0.05%$0.09613
7.58%$1.00
0.00%$163.82
10.93%$4.62
5.91%$0.70932
7.69%$0.02636755
11.27%$1.17
0.08%$4.37
6.97%$94,228.00
6.52%$0.2197
-0.33%$0.342286
16.42%$0.219327
13.51%$9.36
10.60%$4.23
0.02%$2.74
8.89%$2.82
11.79%$0.638788
7.94%$0.520984
8.45%$0.3304
9.92%$0.998116
-0.03%$4.15
5.53%$94,324.00
6.53%$10.34
3.71%$0.452383
11.75%$159.18
8.92%$0.758795
9.26%$1,483.51
7.01%$0.813232
8.67%$0.078008
8.52%$0.00001556
21.90%$0.654734
43.02%$1.15
7.82%$0.865102
10.67%$1,796.92
10.38%$1.075
1.50%$0.01692631
5.41%$72.32
7.34%$1,869.02
10.42%$0.671679
5.67%$3.78
3.57%$0.196871
10.01%$9.52
11.95%$1.001
-0.02%$15.89
8.25%$0.678814
9.69%$0.99981
-0.02%$0.091239
8.42%$2,020.44
10.37%$1.001
0.09%$3,345.05
-3.69%$1.00
0.04%$93,024.00
6.03%$616.43
1.69%$0.01648543
15.88%$3,346.03
-3.56%$2.67
14.33%$196.29
9.37%$0.01718805
8.16%$94,278.00
6.77%$168.42
9.37%$0.19736
14.77%$0.298793
9.09%$0.812242
11.29%$0.1204
7.11%$1,906.58
10.25%$3.86
12.85%$0.697132
10.84%$0.99771
-0.00%$0.67197
3.26%$0.00006801
15.59%$0.0191961
13.00%$0.508929
15.72%$0.00000064
4.73%$93,949.00
5.55%$0.398495
6.80%$0.999164
0.02%$30.99
5.95%$1.89
9.71%$1.11
2.56%$2.03
4.01%$0.244335
8.52%$0.00650329
14.35%$0.313129
4.72%$3.51
5.17%$0.545275
7.40%$1,876.52
10.50%$17.05
10.89%$0.154052
8.19%$0.546487
25.53%$0.561221
6.23%$33.36
7.29%$0.210247
66.27%$0.559673
24.50%$0.762361
31.18%$0.998862
0.06%$91,984.00
6.91%$0.00869288
4.26%$0.642514
9.49%$0.445388
7.34%$0.067351
0.06%$94,276.00
6.71%$0.182864
11.43%$1.32
5.25%$0.999902
-0.01%$0.04591532
29.39%$1.64
3.85%$0.999868
-0.01%$88,321.00
0.00%$2.14
7.10%$1,847.03
8.60%$0.00002224
6.93%$15.67
11.55%$0.149403
10.51%$6.09
11.81%$0.00680593
32.76%$94,271.00
6.67%$1,791.47
10.46%$6.51
17.97%$110.78
0.01%$0.00000043
-0.35%$1.012
1.23%$1.084
-0.00%$0.508459
9.70%$2.53
11.54%$3.71
8.64%$0.077889
8.37%$0.340344
20.57%$0.04140687
11.02%$0.489431
21.24%$0.00747413
17.72%$43.40
8.70%$1,793.47
10.15%$1,792.48
10.09%$0.220082
-0.07%$1,910.01
10.43%$0.081939
7.30%$0.999513
-0.03%$1.00
0.02%$1,796.32
10.24%$21.81
-0.42%$0.570316
7.22%$0.00417633
3.64%$0.175281
3.16%$0.997532
0.03%$0.00006376
5.04%$0.831405
6.66%$0.352531
22.79%$0.01736364
0.53%$1,835.17
9.89%$1.003
0.22%$0.999859
0.01%$0.121296
1.47%$0.33396
9.49%$0.03177688
1.37%$0.673648
21.22%$0.00000149
14.34%$94,155.00
6.64%$2.72
9.51%$1.20
10.34%$0.242019
9.99%$0.299332
32.22%$114.25
8.15%$26.85
7.25%$1.00
0.05%$0.652065
13.79%$3.63
5.66%$0.140181
0.64%$0.690044
-3.14%$94,462.00
7.02%$1,773.62
10.50%$0.00411863
61.85%$0.999275
-0.06%$22.60
7.96%$0.274715
5.59%$3,187.04
0.00%$2.83
2.84%$1,895.30
10.16%$0.00043656
-1.25%$0.189336
7.58%$22.95
13.66%$1,791.22
10.20%$0.113027
7.37%$0.03708299
3.18%$0.512549
6.10%$0.980569
16.70%$15.52
10.87%$0.44675
7.15%$0.01276714
7.39%$0.00283584
9.30%$1,894.41
6.72%$0.02962433
6.37%$0.736395
10.39%$1.045
12.52%$0.00
12.71%$2.27
7.78%$0.240077
19.92%$1,966.23
10.48%$1.00
0.04%$94,197.00
6.76%$0.999679
-0.04%$1,951.80
10.58%Reading
Bitfinex was down for five hours Wednesday, taking the exchange offline for most of the North American late afternoon and Asia morning trading session.
The company’s CEO, Paolo Ardoino, tweeted that a few customers noticed that a “balance issue” was causing the value of their portfolio to be improperly displayed. Ardoino said that for the safety of all customers trading was paused on the platform while the team investigated.
Few hours ago we noticed that few customers were affected by a balance issue.
We decided, for the safety of all @bitfinex customers, to take down the platform, investigate, fix and restore the service.Apologies for the inconvenience 🦁 https://t.co/h1RSiEEFhu
— Paolo Ardoino (@paoloardoino) August 13, 2020
Bitfinex is the sixth-largest exchange by web traffic factor, according to Coinmarketcap. Volume was down 32% due to the outage.
In February 2019 Bitfinex suffered a two-hour outage during a market bull run, angering users that weren’t able to capitalize on rising prices.
Bitfinex's relationship with Tether—the two are separate entities but share many of the same executives—has also been a subject of much contention within the crypto community. In 2017, Bitfinex threatened some of its loudest critics, who claimed that the company didn’t have sufficient US dollar reserves to back up its supply of Tether. In 2019, the New York Attorney General alleged that the two companies were co-mingling funds, claiming that capital from Tether was being used to hide losses at Bitfenix to the tune of $850 million.
Bitfinex argued the NYAG, had used Tether’s cash reserves as its “corporate slush fund,” and that the reserves are “being used to hide Bitfinex’s massive, undisclosed losses and inability to handle customer withdrawals.”
During the last six months, Tether has minted $5 billion in tokens as global demand for stablecoins rises.
Bitfinex has seen the steepest exodus in Bitcoin withdrawals from its exchange, losing 66.6% of its total BTC balance, or 126,845 BTC, since March’s Black Thursday.
Crypto prices did not appear to be impacted during the outage. Bitcoin was down approximately 0.42% during the period, while up 2.38% during the past 24 hours. Ethereum was up 1.3% during the period and 4% during the past 24 hours.
Ethereum gas fees continue to climb, according to ETH Gas Station, breaching 200 gwei as the rise of DeFi puts more strain on the network. As interest in DeFi continues to grow, especially from institutional investors, total revenue to Ethereum miners increased over 1,400% this quarter, for the first time pushing ahead of Bitcoin in terms of miner revenue.
Bitcoin is currently trading for $11,628 while Ethereum is at $393.
Bitfinex did not respond to a request for comment by press time.
Bitcoin traded above $93,500 Tuesday evening in New York, notching a fresh monthly high as easing trade war fears and shifting U.S. monetary signals stoked investor demand for risk assets. The rally came as market participants reassessed the trajectory of the U.S.–China trade dispute following conciliatory remarks from U.S. officials, as well as reports that President Donald Trump had softened his stance on firing Federal Reserve Chair Jerome Powell. The combination helped lift sentiment across...
Is Bitcoin decoupling from risk assets like equities and morphing into a “safe haven” like gold? The largest cryptocurrency by market value is behaving differently these days, but it may still be too early to tell whether the new trend will hold, several analysts say. The price of Bitcoin was recently trading near $93,000 on Tuesday, an almost 7% jump over the past day, according to crypto data provider CoinGecko. The asset’s price swelled after U.S. Treasury Secretary Bessent said that Washing...
The price of Bitcoin jumped as high as $91,684 on Tuesday as investors weighed whether Washington’s tit-for-tat with Beijing on tariffs could come to a sooner-than-expected end. Bitcoin was recently up 4.5% over the past 24 hours, losing some ground from earlier in the afternoon but still on track to register its largest day gain since April 9, when the asset surged 8.3%, according to Bitcoin CounterFlow. That was the day that U.S. President Donald Trump lowered “reciprocal” tariffs on nearly al...
