Tag Archives: bittrex

Die bekannte Bitcoin-Börse Bittrex schliesst die Tore. Kunden werden aufgeforder, Guthaben noch vorher abzuheben und auf eine andere Bitcoin-Börse zu transferieren. Bittrex schreibt an seine Kunden: IMPORTANT UPDATE REGARDING BITTREX GLOBAL It is with great regret that we announce that Bittrex Global has decided to wind down its operations. This decision was not made lightly, and we understand the inconvenience it may have on our valued...

Not long ago, Bittrex – a popular digital currency exchange – settled the lawsuit that had been filed against it by the Securities and Exchange Commission (SEC). The financial agency has had it in for the firm (like it has with many others), and the company is now looking to get things done quickly and silently so it can continue its operations without interruption, but a former special trial counsel is saying that the same easy route to ending things likely won’t...

Bittrex reached a $24 million settlement with the US Securities and Exchange Commission (SEC). Under this arrangement, Bittrex and Bittrex Global have settled with the federal regulator, agreeing to make payments totaling $14.4 million for disgorgement (repayment of unjust profits), $4 million for prejudgment interest, and $5.6 million in civil penalties to resolve the legal conflict. Even though both parties were able to avoid the effort and cost of litigation, Bittrex CEO...

The once-prominent cryptocurrency exchange Bittrex has reportedly agreed to pay $24 million in penalties to resolve its quarrel with the United States Securities and Exchange Commission (SEC). The agency has previously accused the platform of offering services to American clients without obtaining the necessary registration. The exchange shuttered its US operations and filed for bankruptcy protection shortly after the regulator targeted it. As reported by Bloomberg, Bittrex...

Crypto investment company Paradigm has filed an amicus brief in the US Securities and Exchange Commission’s (SEC) case against Bittrex, claiming that the regulator is “wrongfully attempting to lay claim over crypto secondary markets.” The brief filed on July 7th stated that the case against the US-based crypto exchange should be dismissed. It argued that the SEC cannot support extending the Howey test to determine that secondary market sales are investment contract...

Last week, Coinbase filed to dismiss the charges brought against it by the SEC. Motivating its approach, the exchange accused the agency of overreach, stating that crypto assets may not even come under their purview. The leading US crypto exchange also accused the SEC of ignoring prior approvals given for the sale of some of the digital assets named in its lawsuit. Emboldened by Coinbase’s move, Bittrex has decided to follow suit. Lawsuits and Bankruptcies Although Bittrex is...

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors...

Bittrex’s attempt to return customer funds has met with a significant roadblock from the United States, sparking concerns about the proposed resolution for the crypto exchange’s bankruptcy case. The firm filed for Chapter 11 bankruptcy protection in Delaware in May, less than a month after the US Securities and Exchange Commission (SEC) charged it with operating an unregistered exchange. Two other divisions – Bittrex Malta Ltd. and Bittrex Malta Holdings Ltd. – also filed for...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The price of bitcoin has stalled thanks to recent news surrounding Bittrex, a popular digital currency exchange, and the Securities and Exchange Commission (SEC). Bitcoin Is Slowing Down a Bit Bitcoin has been on something of a roll since the beginning of the year. In 2022, the world’s number one cryptocurrency...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The U.S. Securities and Exchange Commission (SEC) has laid its nasty hands into another digital currency company. This time, the victim of the agency’s wrath is Bittrex Inc., along with its former chief executive officer William Shihara. The SEC Is At It Again The agency says Bittrex broke its laws for years...