Reactions to Bitfinex raising $1 billion: is it affecting Bitcoin's price?

13 May, 2019
by Alberto Arnaldo
Adoption
Reactions to Bitfinex raising $1 billion: is it affecting Bitcoin's price?

After announcing earlier today that the sale of the $LEO token had been concluded, Bitfinex is in the commenting agenda for a fair share of the crypto community. Some are even relating its success with a sudden raise in Bitcoin's price.

After raising one billion USD in just 10 days against the gloomy background of the $850 million Tether issue, Bitfinex and their $LEO token are, quite understandably, in the center of most talks.

The announcement could be linked to the latest price surge of Bitcoin, which has taken some distance again from the $7,000 psychological resistance that it had been straddling over the last hours:

As Chepicap reported earlier today, Paolo Ardoino, CTO of the exchange, revealed some details on a tweet as to the nature of the large and small investors which have backed their token.

Now, Ardoino has added another tweet on the same thread, revealing a detail of importance: most of $LEO offering was bought by an investor or investors (the spelling of the tweet leaves room for doubt) which contacted Bitfinex directly.

Regardless of that last detail, plenty of other relevant members from the industry and the space have been sharing their impressions of the token launch in so far, with BitMEX CEO Arthur Hayes welcoming the event under a full bull light.

On the arguing side, it seems like Ran NeuNer is one of the few high-profile crypto community members who is disagreeing today with Bitfinex. Unfortunately for NeuNer, the tweet has brought back certain memories from the past that he would probably keep behind the curtains of time.

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Poll

Have you ever traded on Bitfinex?

(46 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage