India’s Financial Intelligence Unit is requesting to block the URLs of Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.
Bittrex News
What is Bittrex? Bittrex is a cryptocurrency exchange founded in 2014 by Bill Shihara, Rami Kawach and Richie Lai. The Bittrex exchange has two different platforms: Bittrex Global and Bittrex. Bittrex Global hosts trading for a large number of digital assets and does not allow U.S. customers. Bittrex, however, does have a separate platform for U.S. traders, simply called “Bittrex,” although the platform does not carry as many asset trading pairs.
Bittrex fees depend on the amount of volume traded on the exchange over the course of the previous 30 days. The exchange has a tiered fee system. Fees decrease as a user trades more volume on their account. On both versions of Bittrex, Bitcoin is one of the main base currencies used in trading pairs.
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The announcement came roughly nine months after U.S.-based crypto exchange Bittrex said it would shutter operations in response to the country’s regulatory environment.
14043The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global.
3683Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex.
5092A filing in bankruptcy court from Florida’s Office of Financial Regulation suggested the regulator still had the “administrative discretion” to charge Bittrex.
2650Bittrex has aligned its arguments closely with those made by Coinbase.
11989The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC.
14381Bittrex owes $29 million in penalties for sanctions violations and may still face penalties in a case brought by the SEC.
2486Bittrex Global CEO Oliver Linch believes crypto conferences won’t exist in five to 10 years — because crypto will become just a part of traditional finance.
3903This week’s Crypto Biz explores Arbitrum’s latest proposal, Ripple’s two-year battle with the SEC and a large corporations’ coalition to build blockchain solutions for institutional investors.
17372The firm estimated it had more than 100,000 creditors, between $500 million and $1 billion in assets, and between $500 million and $1 billion in liabilities.
13480Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledgling firms.
5245The Markets in Crypto-Assets Act, also known as MiCA, was finally passed by the European Parliament.
3207The U.S. Securities and Exchange Commission has filed a complaint against the Seattle-based exchange as Bittrex prepares to stop offering services in the United States.
7972Bittrex had already started winding down operations by the time it received a notice of potential action from the SEC, the general counsel said.
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