Tag Archives: bittrex

The SEC crackdown on crypto firms has intensified significantly since the bear market of last year incited by several collapses and bankruptcy filings of crypto exchanges. The United States Securities and Exchange Commission (SEC) has tagged Filecoin (FIL) as an unregistered security. As a result, the regulator expects Grayscale Investments its application for Filecoin Trust. According to an update given by Grayscale about the status of the Trust’s registration in a statement on Form 10, a...

A U.S. court has given troubled cryptocurrency exchange Bittrex Inc. permission to borrow $7 million worth of bitcoin (BTC) to fund the start of its Chapter 11 bankruptcy case. According to a Reuters report, Bankruptcy Judge Brendan Shannon approved the exchange’s request on an interim basis at a Wednesday court hearing in Wilmington, Delaware. Bittrex to Borrow $7M in BTC for Bankruptcy Recall that Bittrex Inc. filed for bankruptcy protection on Monday, intending to return...

Biden’s latest action against crypto has garnered several opposing reactions from the crypto community. The 46th elected president of the United States Joe Biden has announced his intention to close tax loopholes for “wealthy crypto investors”. He tweeted requesting Congress to cut loopholes that help the crypto tycoons. Biden also accused MAGA House Republicans of supporting wealthy crypto investors and failing to support the food safety inspections budget. The president made this...

The Securities and Exchange Commission (SEC) has signaled intent to file another lawsuit against a crypto industry heavyweight – this time being cryptocurrency exchange Bittrex. The exchange, which announced the closure of its US operations last month, received a Wells Notice from the SEC at the time claiming it had violated investor protection laws.  Why Bittrex is Leaving America As reported by the Wall Street Journal, Bittrex general counsel David Maria said that the SEC’s...

It is becoming a trend that the SEC is choosing enforcement actions over dialogue. The United States-based digital currency trading platform Bittrex is likely the next exchange to face enforcement actions from the Securities and Exchange Commission (SEC). According to a report by the Wall Street Journal, the trading platform has received a Wells Notice from the regulator for key aspects of its operations within the country. According to the notice which is typically issued before...

On March 31, Bittrex, one of the largest and oldest US exchanges, announced the closure of its operations due to the country’s current “regulatory and economic environment.” According to the official statement, users’ funds will remain secure and available for withdrawal at any time during the wind-down of US operations. This announcement will not affect customers outside the country using Bittrex Global. US Regulations Created An Uneven Competitive Landscape Bittrex...

U.S.-based crypto exchange Bittrex has become the latest digital asset firm to join the ranks of those having to let go of employees. Bittrex Is Forced to Part with Employees Not long ago, the popular trading outlet announced that it would be laying off approximately 83 separate individuals. Right now, the company employs about 284 people, meaning the company is slated to lose just shy of one-third of its overall employment staff. Bittrex is not letting its employees...

Cryptocurrencies are supposed to be censorship resistant… Cryptocurrency exchanges, not so much. Bittrex found this out the hard way after a record fine imposed by the U.S. regulators. On October 11, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) announced that Bittrex, a Washington-based cryptocurrency exchange, will be fined $53 million for violating multiple securities laws. According to...

Die Kryptobörse Bittrex bietet rund 200 Handelspaare an, was zu den größten Sortimenten an Kryptowährungen auf dem Markt gehört. Hintergrund zu Bittrex Die Exchange wurde 2013 mit Sitz in Las Vegas gegründet. Der Handel ist seit 2014 auf Bittrex möglich. Unter Fachleuten und Anlegern genießt die Kryptobörse ein hohes Ansehen allein schon wegen ihrer Gründer: Es handelt sich um ehemalige Mitarbeiter von Microsoft. Einer Regulierung vergleichbar mit...

The veteran U.S. cryptocurrency exchange, Bittrex Global, has recently announced that it will now start offering the tokenized stocks that have been delisted from several trading platforms like Robinhood following the GameStop saga. According to a Friday report, the exchange has decided to list tokenized stocks for Gamestop (GME), AMC Entertainment (AMC), Nokia, BlackBerry, and iShares Silver Trust with plans to list more additional stocks whenever they are delisted from other platforms. “We...