Day: 11 October 2023

iFinex, the parent company of the crypto exchange Bitfinex, has reportedly announced plans to repurchase $150 million worth of its shares, which were initially issued as compensation to users affected by Bitfinex's 2016 hack. According to Bloomberg, iFinex proposed to buy back 15 million company shares at a rate of ...

The European Securities and Markets Authority (ESMA), the EU's top financial regulator, has published a new report assessing the potential advantages and notable risks associated with the DeFi (Decentralized Finance) ecosystem. In the 22-page analysis, ESMA acknowledges the innovative aspects of DeFi in terms of financial accessibility, product diversity, and ...

Long-term cryptocurrency investors are relentlessly accumulating Bitcoin, thus driving the token's supply scarcity and illiquidity, says blockchain intelligence firm Glassnode. In its latest weekly report, the blockchain analytics firm published that data shows "HODLers," investors with wallets holding Bitcoin for over 155 days, are stashing an average of 50,000 BTC ...