Bitcoin’s biggest exchange, Bitfinex has just announced via a tweet that all fiat deposit system will be available in the next 24 hours, by Tuesday, October 16, 2018.

Bitfinex temporarily suspended all deposits for Euro, U.S. Dollar, Japanese Yen, and Pound Sterling, on Oct 11. This led to speculation that Bitfinex is close to insolvency or has lost its bank account for the umpteenth time.

However, Bitfinex denied the rumors by stating that the exchange is far away from being insolvent and that all withdrawals are fully operational and functioning normally.

This news was quite alarming to some members of the crypto community because if Noble Bank was really insolvent, it could have devastating implications on the cryptocurrency economy as a whole, due to the fact that the exchange’s collapse will trigger a logarithmic rise in Tether premiums.

Now, with Tether dropping in price fast leading to a Bitcoin pump and a surge of other stablecoins, Bitfinex has come out with a statement announcing that fiat deposits will be open again on Tuesday, October 16.

Bitfinex apologizes for all the inconvenience and that they are working to implement a new and increasingly robust fiat deposit system to be available in the next 24 hours.

Bitfinex To Resume Fiat Deposit in the Next 24 Hours

Read More Via the Link Below


Like it? Share with your friends!

490
862 shares, 490 points

What's Your Reaction?

lol lol
266
lol
scary scary
200
scary
omg omg
133
omg
wtf wtf
666
wtf
win win
533
win
fail fail
466
fail
Love Love
400
Love
hate hate
133
hate
confused confused
333
confused
avatar
  Subscribe  
Notify of
Choose A Format
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Image
Photo or GIF
Video
Youtube, Vimeo or Vine Embeds
Gif
GIF format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Countdown
The Classic Internet Countdowns