Bittrex Global announces all trading will be disabled as it winds down operations
Liechtenstein-headquartered cryptocurrency exchange Bittrex Global has announced it plans to wind down operations starting with the suspension of trading activity on Dec. 4.In a Nov. 20 update published to its website, Bittrex Global said all users with U.S. dollar holdings needed to conve ...
SEC announces $24M settlement for case against Bittrex and its former CEO
The United States Securities and Exchange Commission has announced an agreement with crypto trading platform Bittrex and co-founder and former CEO William Shihara for operating an unregistered exchange.In an Aug. 10 notice, the SEC said Bittrex and Bittrex Global agreed to pay $14.4 millio ...
SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel
Crypto investment firm Paradigm’s special counsel Rodrigo Seira has slammed the United States securities regulator for “wrongfully” pursuing crypto exchange Bittrex in an attempt to police secondary crypto markets.In a July 11 Twitter thread, Seira added his thoughts afte ...
Bittrex may still face enforcement action in Florida amid bankruptcy
The Florida Office of Financial Regulation is considering action against United States-based cryptocurrency exchange Bittrex, which filed for Chapter 11 bankruptcy protection in May.In a July 5 filing with the U.S. Bankruptcy Court for the District of Delaware, Florida Office of Financial ...
Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal
Bittrex, a cryptocurrency exchange, has made a notable move in its legal dispute with the United States Securities and Exchange Commission (SEC) by submitting a motion to dismiss the lawsuit filed against it.In its recent court filing, Bittrex argues that the SEC does not possess the neces ...
Bittrex withdrawals set to resume after bankruptcy court gives green light
Cryptocurrency trading platform Bittrex is expected to resume customer withdrawals on June 15 following an order from a judge in the United States Bankruptcy Court for the District of Delaware. The decision does not settle the question of the subordination of U.S. government claims, which had led ...
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
The United States Justice Department (DOJ) has filed an objection to a motion by bankrupt cryptocurrency trading platform Bittrex to allow customers to withdraw their crypto and fiat. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) is Bittrex’s biggest creditor, but its cl ...
Hotbit Cryptocurrency Exchange Announces Closure, Urges Users to Withdraw Assets
Cryptocurrency exchange Hotbit announced its closure after five years of operation and asked users to withdraw their remaining assets by June 21. All operations on the exchange will cease today, May 22. The company explained that to a large extent the decision to close wa ...
Oliver Lynch’s Perspective on the Future of Cryptocurrency: A Separate but Consistent Market
This was Oliver Lynch's message during Bitcoin 2023 In his opinion, it is wrong to try to "squeeze" cryptocurrency into an existing financial market sector It is a separate segment just like securities and derivatives And he believes that industry conf ...
Bittrex Inc. Approved to Borrow $7 Million in Bitcoins
The funds are needed to pay customers quickly The loan will be provided by parent company Aquila Holdings Bittrex Inc. has received court approval to borrow $7 million in bitcoins. Remind that the U.S. unit of Bittrex Inc.. closed April 30, citing vague cryptocur ...
Bittrex Crypto Exchange Files for Bankruptcy After Regulatory Pressure
Crypto exchange Bittrex filed for bankruptcy after closing operations in the U.S. due to regulatory pressure. The bankruptcy also applies to several subsidiaries of the exchange. According to a May 8 filing by Bittrex Inc.. to U.S. Bankruptcy Court in Delaware County. ...
SEC Chairman Raises Concerns Over Cryptocurrency Promotion and Potential Ethereum Regulation
U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, has voiced his concerns over the promotion of cryptocurrencies, indicating that Ethereum may be subjected to enhanced regulatory oversight. In a recent interview with TheBlock, Gensler emphasized that the primary objective of t ...
US Securities and Exchange Commission Sues Bittrex Crypto Exchange Over Unregistered Securities
The Bittrex crypto exchange and its co-founder, William Shikhara, are facing legal action from the US Securities and Exchange Commission (SEC). The regulator has filed a lawsuit in the US District Court for the Western District of Washington, claiming that Bittrex allowed the trading of six crypt ...
US SEC Sends Notice to Bittrex Over Unregistered Operations
The Wall Street Journal has reported that Bittrex, a cryptocurrency exchange, has received a notice from the US Securities and Exchange Commission (SEC) regarding the possibility of being forced to cease operations for not registering with the agency. Bittrex General Counsel David Maria confirmed ...
Bittrex Terminates Work with US Clients Due to Regulatory Environment and Economic Situation
Bittrex, a well-known cryptocurrency exchange, has recently announced that it will be terminating its services to clients in the United States. The exchange cited the "difficult regulatory environment and economic situation" in the country as the primary reason for this decision. According to ...