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.
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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.
Bitfinex is pleased to introduce trading for EURS, XCHF and WBTC, with trading available against ETH and USD.
EURS is a tokenized version of the euro, allowing cryptocurrency users to trade with a stable tokenized euro.
XCHF is the first Swiss Franc based money market instrument to live on the Ethereum blockchain, tracking the price of CHF.
WBTC is an ERC20 token tracking the price movements of BTC through 1:1 backing, bringing the liquidity of Bitcoin to the Ethereum blockchain.
In an industry-first, traders now have access to the Santiment on-chain, social and development data directly from within the Bitfinex platform, allowing them to discover new project insights and enrich their trading strategies with a broad range of fundamental feeds and indicators.
Free metrics provided by Santiment include:
To get started with the Santiment analysis tools, visit Bitfinex and navigate to a token of your choice. Within the price ticker, press the Santiment logo to view analysis metrics for the token.
Learn more about our integration with Santiment here: ”Bitfinex Integrates Santiment to Deliver On-Chain, Social and Development Data Directly to Cryptocurrency Traders”.
Earlier today, the New York Attorney General’s office released an order it obtained – without notice or a hearing – in an attempt to compel Bitfinex and Tether to provide certain documents and seeking certain injunctive relief.
The New York Attorney General’s court filings were written in bad faith and are riddled with false assertions, including as to a purported $850 million “loss” at Crypto Capital. On the contrary, we have been informed that these Crypto Capital amounts are not lost but have been, in fact, seized and safeguarded. We are and have been actively working to exercise our rights and remedies and get those funds released. Sadly, the New York Attorney General’s office seems to be intent on undermining those efforts to the detriment of our customers.
Bitfinex and Tether have been fully cooperative with the New York Attorney General’s office, as both companies are with all regulators. The New York Attorney General’s office should focus its efforts on trying to aid and support our recovery efforts.
Both Bitfinex and Tether are financially strong – full stop. And both Bitfinex and Tether are committed to fighting this gross overreach by the New York Attorney General’s office against companies that are good corporate citizens and strong supporters of law enforcement. Bitfinex and Tether will vigorously challenge this, and any and all other actions, by the New York Attorney General’s office.
On Thursday 25 April, Bitfinex introduces trading for the highly anticipated Cosmos ATOM token.
Trading will be enabled against ETH, BTC and USD with Bitfinex users benefiting from 0% maker-fees for the first 15 days of trading.
For more information, head to our blog post - ’Trading open for Cosmos ATOM’.
Bitfinex is pleased to introduce trading for Gnosis (GNO), DAOstack (GEN) and Scroll (SCRL).
Trading will be available against ETH and USD and will see 0% maker fees on Ethfinex for the first 3 days of trading.
All tokens were winners of round 14 of the Ethfinex Token Vote, a monthly vote amongst Ethfinex users to determine new token listings. The voting takes place on Nectar.community - the Nectar (NEC) powered governance platform for Ethfinex users.
To learn more about today’s tokens, visit the Bitfinex Knowledge Base.
Following yesterday’s margin market expansion, it is with great pleasure that we announce a spot market expansion adding a number of new trading markets to the Bitfinex platform.
As of today, Bitfinex users have access to the following markets:
The above additions increase variety and further enhance liquidity for our expanding global user base.--
Today’s market addition follows the removal of our 10,000 USD equity requirement, opening up the industry’s most advanced trading platform to everyone.