Bittrex News

Ilya Lichtenstein, who stole 120,000 Bitcoin in a 2016 hack of Bitfinex, should receive a reduced sentence of five years in prison, prosecutors say. 

India’s Financial Intelligence Unit is requesting to block the URLs of Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex.

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.

The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global.

Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex.

A filing in bankruptcy court from Florida’s Office of Financial Regulation suggested the regulator still had the “administrative discretion” to charge Bittrex.

Bittrex has aligned its arguments closely with those made by Coinbase.

The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC.

Bittrex owes $29 million in penalties for sanctions violations and may still face penalties in a case brought by the SEC.

Bittrex 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.

This 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.

The 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.

Oliver Linch suggested jurisdictions with established frameworks for crypto and policymakers willing and able to use them were a potential winning combination for fledgling firms.

The Markets in Crypto-Assets Act, also known as MiCA, was finally passed by the European Parliament.

The 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.