On Tuesday 28 May, Bitfinex introduces trading for the ZB.com utility token, ZB, against USDt.
ZB was founded in 2012 with the ultimate goal of providing leadership to the digital asset trading space. Today, ZB manages a network that includes digital assets exchanges, wallet services, capital venture arms, research institutes and media.
Trading is limited to KYC verified customers and certain jurisdictions. To begin the verification process, traders should head to bitfinex.com/verification.
For more information, head to our blog post -’ZB To Be Listed On Tuesday 28 May’.
Verification for the Ampleforth token sale is now open via the BlockPass app. With regret, U.S. persons and persons from other restricted jurisdictions are not permitted to participate in Tokinex.
The Ampleforth sale will commence on 13th June at 13:00 UTC and will end when the USD 4.9m hard cap is reached or 19th June.
For further information and to start verification head to the main page here.
Yesterday, in Manhattan, Bitfinex and Tether filed a motion to dismiss the proceeding brought by the New York Attorney General’s office on the grounds that (1) the Attorney General’s office lacks jurisdiction over Bitfinex and Tether, which do not do business in New York state; (2) New York’s Martin Act does not apply to the companies’ businesses; and, (3) the Martin Act cannot be used extraterritorially to compel a foreign corporation to produce documents stored overseas. Bitfinex and Tether also sought an immediate stay of the Attorney General’s document demands.
Today, the Hon. Joel M. Cohen of the New York Supreme Court (Commercial Division) entered an order granting our motion for an immediate stay of the document demands, requiring the companies to produce only documents and information relevant to the limited issue of whether there is personal jurisdiction over the companies in New York but staying the document order in all other respects. Justice Cohen scheduled a hearing on our motion to dismiss for July 29, 2019.
We welcome Justice Cohen’s decision, which reflects that our motion raises significant legal challenges to the validity of the Attorney General’s actions.
This order is another victory in the ongoing defence of our businesses against the New York Attorney General’s overreach, and it comes on the heels of Justice Cohen’s ruling last week granting our motion to significantly narrow the injunction against our businesses obtained by the Attorney General. We look forward to continuing to challenge the New York Attorney General’s unmeritorious claims, and we will continue to vigorously protect our customers and assert our rights against those making false and unsupported claims against us.
As of 8:00 UTC, Wednesday May 22nd, Bitfinex will remove high frequency / size fiat withdrawal fees. Standard fiat withdrawal fees will once again apply to all verified Bitfinex users, totalling 0.1% of the amount withdrawn ($60.00 minimum).
We are thankful for the support that many of our traders have shown us, and we are proud to once again be able to provide our loyal users with low-cost fiat withdrawals.
The detailed breakdown of Bitfinex fees will be updated tomorrow here - https://www.bitfinex.com/fees
From today onwards, users of Bitfinex and Ethfinex will be able to view the new & improved Initial Exchange Offering (IEO) platform - Tokinex
Tokinex allows users to discover, as well as participate in, curated, pre-vetted token sales from new and exciting projects in the crypto space, directly from their Finex accounts. The new platform has been built with the user experience in mind and has undergone significant testing, ensuring that the contribution process is easy and reliable.
Learn the important, finer details and read the full announcement here. U.S. persons and persons from other restricted jurisdictions are not permitted to participate in Tokinex.
UNUS SED LEO, the utility token at the heart of the iFinex ecosystem, is now trading on Bitfinex against BTC, USD, USDt, EOS, and ETH.
Token holders will experience benefits across the entire portfolio and are expected to obtain benefits from future projects, products, and services, as detailed in the whitepaper.
Benefits of holding UNUS SED LEO (commencing within three months) include (but are not limited to):
For further information on the UNUS SED LEO token and benefits, download our whitepaper here. Trading is limited to KYC verified customers and certain jurisdictions. To verify, traders should head to bitfinex.com/verification
We are pleased to announce that UNUS SED LEO, a utility token designed to empower the Bitfinex community and provide utility for those seeking to maximize the output and capabilities of the Bitfinex trading platform, will commence trading on Monday May 20th, at 08:00 UTC on Bitfinex. The tokens will be tradable against BTC, USD, USDt, EOS, and ETH.
Upon publishing the UNUS SED LEO whitepaper last Friday, May 10th, Bitfinex conducted and completed a private sale of 100% of outstanding UNUS SED LEO tokens in exchange for one billion USDt worth of Bitcoin, USD, and USDt. The overwhelming response and expedient execution of the token sale represents a new milestone for Bitfinex and the greater Blockchain community.
In addition to our excitement around bringing such an unprecedented and powerful token to the heart of our community, the Bitfinex team remains dedicated to continuing to grow and develop core infrastructure for our industry as a whole. We remain invigorated and humbled by the support of our users, personnel, and beneficiaries, and welcome everyone to the era of UNUS SED LEO.
Today, the Hon. Joel M. Cohen of the New York Supreme Court (Commercial Division) granted our motion to modify the injunction obtained by the New York Attorney General against our business because the original injunction was vague, overbroad, and not time-limited. The court’s order allows Bitfinex and Tether to continue their normal business activities. It also stipulates that the injunction will expire in 90 days and that the burden to seek any renewal from the court rests squarely on the shoulders of the New York Attorney General’s office, where it belongs. Judge Cohen held that New York’s Martin Act “does not provide a roving mandate to regulate commercial activity.”
This order is a victory in the ongoing defence of our business against the New York Attorney General’s office.
We are grateful that Judge Cohen recognized, in argument before his court, that the original injunction obtained by the New York Attorney General was “both amorphous and endless,” and that It needed to be “as narrow as possible.” We believe that the court’s decision today leaves no doubt that both Tether and Bitfinex are entitled to run their businesses in the ordinary course, even during the short period when this now narrowed preliminary injunction is in place.
The New York Attorney General’s office has sought to proceed ex parte against us and in bad faith, notwithstanding our previous, historical, and voluntary co-operation with them. We will vigorously defend against any action by the New York Attorney General’s office, and we remain committed, as ever, to protecting our customers, our business, and our community against their meritless claims.
Press Inquiries: [email protected]
May 10, 2019—In order to address certain market rumors, iFinex Inc. announces information about a private sale of UNUS SED LEO tokens.
A newly formed subsidiary of iFinex, Unus Sed Leo Limited (USL), commenced on May 8, 2019 to sell up to 1 billion USDt of newly created UNUS SED LEO tokens in a private sale to selected purchasers meeting the qualifications described in the token sale documentation. The tokens are intended to be the utility tokens at the heart of the iFinex ecosystem. The tokens are not being offered for sale to the general public or to any person or entity in the United States, Canada, and other jurisdictions specifically set forth in the token sale documentation. Token holders will experience benefits across iFinex cryptocurrency exchanges and are expected to obtain benefits from future iFinex projects, products, and services. USL expects to complete its private sales within the next 7 days, although there is no requirement that it do so.
The LEO token white paper can be downloaded here.
About iFinex: iFinex started operations in 2012, initially operating under the Bitfinex brand, making it one of the longest-standing exchanges in the blockchain industry. Since then, iFinex, through its trading platforms, has become one of the most widely-recognized companies in the cryptocurrency sector, with a community of passionate entrepreneurs, idealists, and technologists that have together contributed to one of the best growth stories in our industry.
The material provided herein is for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any LEO tokens. Any sale would be made only through a token purchase agreement, the terms of which supersede any description contained herein. LEO tokens have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States.
As of today, we are excited to present the integration of the Liquid Network to Bitfinex.
The Liquid Network is a digital asset settlement network which links together cryptocurrency exchanges and institutions around the world, enabling fast and private Bitcoin transactions throughout the network. The Network has been designed to address the particular demands of digital asset traders, providing rapid, confidential and secure transfers of Bitcoin amongst network participants.