Bitfinex Linked to Noble Bank Again
According to a report from , the cryptocurrency exchange Bitfinex have opened an account with Noble Bank International. The publication cites ‘three people with knowledge of the matter’ as its source. The unnamed confidants reportedly told Bloomberg that the cryptocurrency exchange has held an account with Noble since last year.This isn’t the first time that Noble have been rumoured to be affiliated with Bitfinex. Back in March, NewsBTC reported on a document published by BitMEX claiming that they had evidence to suggest that Bitfinex, and by extension Tether, were using the services of Noble.
Some commentators on the cryptocurrency space believe that Bitfinex is using Tether to prop up the price of Bitcoin and other cryptocurrencies. This, they say, is why the company has had such difficulty finding reliable banking partners and has still not managed to have a full financial audit. Back in January, software engineer and security analyst, Tony Arcieri commented:
“I, and many others, suspect Tether is being used to effectively counterfeit hundreds of millions of dollars of perceived value, which are being immediately reinvested into Bitcoin.”
Earlier today we reported on a U.S. Justice Department initiative to work with the U.S. Commodity Futures Trading Commission (CFTC). Together they’ve launched a criminal probe into the Bitcoin and other cryptocurrency markets. They’re hoping to discover whether the prices are being artificially manipulated in some way. This could link the uncertainties with Tether to supposed manipulation, along with a host of other dubious practices that are rumoured to be occurring. Investor confidence could be rocked if evidence does surface of such manipulation.
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