Tag: BFX token

Bitfinex Has Redeemed First Batch of Outstanding BFX Token Debt

September 30, 2016 Crypto, News
TheMerkle_Bitfinex BFX Token Redemption
Bitfinex has announced the redemption of the first batch of their BFX tokens. A whopping 1.3152% has been redeemed so far, and all wallet balance holders should have been credited by now. While this is only a small step, it goes to show Bitfinex wants to keep its promise and reimburse users as soon as possible. Bitfinex On The Road To Redemption Repaying customers after they were forced to take …
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Converting BFX Tokens to Ifinex Equity is Not As Lucrative As It Seems

September 21, 2016 Crypto, News
TheMerkle_BFX Token Ifinex Bitfinex
Ever since Bitfinex got hacked, there have been some questions regarding the corporate structure. We all know Ifinex is the parent company of the exchange. But one diagram on Twitter paints a very interesting picture of what is going on behind the scenes. All of the information is allegedly based on the last annual return of Renrenbee Limited, as well as statements provided on the BnkToTheFuture platform. The World of …
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Bitfinex Values Itself At A Ludicrous US$200m After Getting Hacked

September 10, 2016 Crypto, News
TheMekrle_Bitfinex Valuation
Many people active in the world of cryptocurrency will recall the recent bitfinex hack. This particular incident was quite newsworthy, as nearly US$70m worth of Bitcoin were stolen. Now that the company is preparing to convert their BFX tokens to company equity, more details regarding iFinex are made available. Apparently, Bitfinex is valued at US$200m, which seems quite high. Bitfinex Is Valuable But Has A Tarnished Reputation While Bitfinex may …
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BnkToTheFuture Will Facilitate Conversion Between BFX Token and iFinex Equity

August 23, 2016 Crypto, News
TheMerkle_BFX Equity BnkToTheFuture
A lot of people will recall Bitfinex has announced the issuance of BFX tokens to affected customers. These tokens could then be returned to the company in exchange for a stake in parent company iFinex Inc. BnkToTheFuture has been tapped at the platform to make this switch happen in the coming months. BnkToTheFuture Works Together With Bitfinex It is positive to see Bitfinex keep their word regarding the BFX tokens. …
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