Topic: [OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 200. (Read 723903 times)

Just came across this post at reddit, thought you might find it intresting as well:

source: http://www.reddit.com/r/Bitcoin/comments/25hfx8/bitfinex_swap_rate_manupulation_101/
This was posted yesterday, BTC FRR remained @ ~0.11 for the last 12 hours, just starting to decline again a bit...

Utility bill is for address verification, so it doesn't matter which.

Also, regarding verification, Bitfinex requests a utility bill or phone bill.
I have no utility bills, so I must use a phone bill.  Does it matter whether the bill comes from a legacy landline provider, or a cellular provider?
I actually have two phone bills, one is for a flip phone (voice) and the other is a tablet (data).  But I don't use a traditional landline telephone.

Thanks for clearing that up. 

We will be attending the conference, but our company policy doesn't allow us to speak in public or to give interviews until when the regulatory framework will be a little less uncertain.
Keeping a low profile and focusing on our customer's experience has been paying well so far, as our marketshare has been increasing thru the last months.
We believe happy customers word of mouth to be a much more powerful way to get good advertisement than a lot of media exposure.

I hope that this helps

Thanks and have a good morning/afternoon/evening

Giancarlo
Bitfinex Team

I was just glossing over the speakers of the Bitcoin 2014 event in Amsterdam and noticed Bitfinex isn't represented.

http://bitcoin2014.com/#speakers

How come Bitfinex does not attend major bitcoin events when they are the 2nd largest BTC-USD exchange? Even Kraken and BTCChina who are much smaller tend to go to these conferences. I can understand why anonymous BTC-e wouldn't go to these places, but why does Bitfinex not have a more public presence?

I don't know which country you live in, but most have a national ID and a passport.

anyone got an explanation for that crazy bot buying high, selling low 0,01 chunks ?

Excellent.  Thank you.

I really don't want to sound rude, especially after some absence from writing on this thread, but sometimes I wonder if people read or don't read the news.

In the last days I believe it was almost impossible to read anything related to Cryptocurrencies without running into an article about how China is closing down on BTC.
Some Chinese platforms already announced they will shut down their operations and almost all the others said they will relocate somewhere else.

We at Bitfinex are proud of having a reputation for always acting proactively in the best interest of our customers.

Let me remind you that we decided to pull out of MtGox 9 months before it imploded.
At that time we were surrounded by critics and we suffered some volume losses because some people didn't believe trading there was risky and took their business somewhere else.
Time proved we were right in our assumption.

Based on the same approach we decided to open up a new relationship with a Taiwanese bank that offers the best guarantee to protect your funds in this moment.
We will relentlessly open new bank accounts all over the world, with banks that show to understand the ingenuity of Bitcoin and do not simply stick their head under the sand.
Even if we all know Hong Kong is not China, it is better for us to start looking around in order to get multiple licensing in various jurisdictions around the world that are in this moment proving to be more positive about this new technology.

Be reassured the Bitfinex management team will always put the customer security first.

I hope this helps

Thank you and have a good day

Giancarlo
Bitfinex Team

About the bank comments:
For God's sake (some) people, PLEASE give your thinking a little "push" and consider all of the challenges the financial innovation such as Bitcoin and other digital currencies are facing, being directly intertwined with the "concerned" establishments such as the banking system. Such challenges, are THERE in front of every single involved with digital currencies merchant, exchanger and (in fact) every single "end user" (You).
If you can't get your thinking going in the direction that would make perfect sense to you, then just let Bitfinex team do their job in keeping the system alive, flexible, predictive and PREEMPTIVE (just as they have already proven doing so far!!!).
If you have problems trusting the exchanger, the ONLY answer to such problem of yours is to leave and thus to get your peace of mind. No one will point fingers at your back, your decision will be respected and understood.

Please, do NOT seek and stir up the negativity without sufficient reasons.
If you ask me, I was glad to learn that Bitfinex is (probably preemptively) avoiding "sticking" with every next bank for too long. This is a very good practice for businesses involved with cryptocurrencies to avoid even the possibility of conflicts with "establishments".

P.S. All is my humble opinion.

I don't anything about the bank, but this is clearly a sign of increased risk on the customers side. This is the third banking change in a few months which is alarming.
The second concern I have is no reason for the change was given, which forces us to assume the reason is a negative one.  We are dealing with money here and we must demand the most up to date and accurate information.   Secondly they didn't post a notice here on the forum.
Please someone from Bitfinex explain the reason for the sudden change of banks.

Ah, ok thanks. I get it. More power to the borrower then. Makes sense if he can return it any time he wants anyway.

Happened to me before too, I think it's just the borrower taking the money for less time.

Is there currently a known bug with the expiration date of swaps? I have put in different swaps at 2/5/10 days yet all the taken swaps list expiration dates of 2 days. Has anyone encountered something simliar?

Yes I second the above, the feature is great but being able to zoom out a little more would be very helpful.

Order book zoom is great!

Being able to zoom out one or two more levels would also be great.

It's difficult to deposit and withdrawal with Chinese exchanges caused by the new policy of government. Maybe someone in Chinese mainland will change to trading on Bitstamp/BFX. It will good news in short-term to exist overseas exchanges.

The Chinese exchanges all have plan to change market to overseas.I think the Chinese exchanges maybe are not leading on technology or idea,but are leading on service quality,rapid in deposit,withdrawal,support response, etc. It will bring a lot of competitors to overseas market. It will bad news in long-term to exist overseas exchanges.

The last 'interest' or swap payment to my account on 6 May appears slightly short. Anyone else notice this?

The 'interest rate' has been running at about 0.000653 but on that date I received about 0.000616 - and yes, I am aware that BFX takes 15% off the top. Beyond that 15% my payment appears to still have been short.

My primary concern is that this small deviation may be indicative of larger issues? A recent software change or maintenance perhaps?

In the past BFX' swap engine appears to have halted/lagged the calculation of interest when taken offline and then resumed.

It is a small amount (for me) and I'm not losing sleep. Still, BFX remains in development. We should all keep our eyes open for potential glitches like this and do our part to help develop/grow the platform.

If I've miscalculated or overlooked something - apologies in advance. (Don't think I have ...)

The five major Chinese exchanges have announced they are stopping leveraged trading (and introducing trading fees - no more 0% fees).  This might give BFX a mild boost.