World

April 29th 2017

United Nations Thinking Big About Blockchain

bitfinex wire freeze
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Bitfinex’s Wire Transfer Woes Leave Users Wanting

On the heels of dismissing its lawsuit against Wells Fargo, which alleged the bank interfered with its business, Bitfinex announced it will not be accepting wire transfers. No timeline has been established by either banking institution or Bitfinex as to when this problem would be resolved. In the meantime, Bitfinex’s users should be aware that its sister company Tether has a provision in its terms and conditions giving Tether the discretion to not honor redemption requests for the exchange of its cryptocurrency for fiat currency.
   

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