July 23, 2024
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Blockchain News

Paradigm’s Special Counsel Criticizes SEC for Targeting Bittrex in Secondary Crypto Markets

Rodrigo Seira, the special counsel for crypto investment firm Paradigm, has strongly criticized the U.S. Securities and Exchange Commission (SEC) for allegedly pursuing crypto exchange Bittrex in an unjust manner, aiming to regulate secondary crypto markets. Seira shared his thoughts in a Twitter thread, following Paradigm’s amicus brief filing arguing for the dismissal of the

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Bittrex’s American Subsidiary to Enable Customer Withdrawals This Week (Report)

Bittrex, the cryptocurrency platform operating in the United States, is set to enable user withdrawals starting from June 15, following a recent court order. The US District Judge Brendan Shannon of the Delaware court granted permission for this action, allowing the company’s American affiliate to proceed accordingly. Over the past few months, American regulators have

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Bittrex to Receive 250 BTC Loan Valued at $7M to Start Bankruptcy Case

According to Reuters’ report dated May 10, a bankruptcy judge in the United States has granted Bittrex’s request for a loan of $7 million from its parent firm. During a hearing in court, Judge Brendan Shannon stated that Bittrex will be permitted to borrow 250 BTC, which is equivalent to a sum that is now

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Crypto Exchange Bittrex Files for US Bankruptcy Protection

Bittrex Inc. filed for Chapter 11 bankruptcy protection for its US-based operations on May 8. Three weeks ago, the Securities and Exchange Commission (SEC) charged it with operating an unregistered securities exchange. According to the document, Bittrex’s assets and liabilities were valued between $500 million and $1 billion. It also claimed to have over 100,000

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Dash Hits Back as SEC Claims Its Privacy Payments Tech Makes It a Security

The SEC launched its newest salvo in the crypto battle on April 17. This time, the Bittrex exchange was singled out for unregistered securities sales. Bittrex said earlier this month that it will cease operations in the United States, citing regulatory uncertainties in the midst of the crypto crackdown. Dash, a privacy-focused payments currency, was

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Crypto Exchange Bittrex, Once a U.S. Leader, is Shutting Down in the Country After Volumes Dwindled to Less Than 1% of the Market, and Blaming Regulatory Uncertainty

Bittrex is leaving the United States, Choke Point or no Choke Point, and it’s blaming Uncle Sam. “It’s just not fiscally sustainable for us to continue operating in the current regulatory and economic environment in the United States,” said co-founder and CEO Richie Lai in a statement to customers in the country on Friday. “Regulatory

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Bitcoin News

Bitcoin’s Banking Crisis Surge Will ‘attract More Institutions’: ARK’s Cathie Wood

The value proposition of Bitcoin $28,280 is on full display throughout the present banking crisis, which, according to ARK Invest CEO Cathie Wood, will only “draw more institutions” to the BTC market over time. In a March 21 Bloomberg interview, Wood discussed BTC’s recent price spike, suggesting that its pricing behavior during the crisis “will

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Bitcoin News

Time Magazine accepting Crypto payments

Time Magazine is now accepting Crypto payments. Therefore, they have come into partnership with the leading digital currency platform Crypto.com. Cryptocurrency is also helping users a lot who elected it. Most importantly, they also can receive a cashback of 10% on the purchase. Above all, the digital subscriptions value is approximately $49. This option is

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AC Milan asks fans to develop a new motto after ACM token launch

In a latest announcement, AC Milan, the Italian football giant has launched its fan token on fan engagement platform Socios.com.

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