India tops global crypto use despite offshore exchange ban
India ranked first in Chainalysis’ 2024 Global Crypto Adoption Index, in addition to ranking second in the CSAO region in terms of crypto value received. Go to Source
Bittrex
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Bankruptcy Court Backs Bittrex in Cryptocurrency Freeze Dispute
The bankruptcy proceedings of Bittrex Inc. involved a legal dispute over claims filed by Azim Ghader, who sought recovery for lost profits and damages after his cryptocurrency was frozen on the Bittrex exchange in 2017. The United States Bankruptcy Court for the District of Delaware found that Bittrex had complied with legal requirements and upheld … Read more
Bittrex Global announces all trading will be disabled as it winds down operations
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. Go to Source
SEC announces $24M settlement for case against Bittrex and its former CEO
The U.S. regulator filed a complaint in April claiming Bittrex and William Shihara operated an unregistered exchange, also separately charging Bittrex Global. Go to Source
SEC is ‘wrongfully attempting’ to police crypto markets: Paradigm counsel
Rodrigo Seira has blasted the SEC for overstepping its jurisdiction in its case against crypto exchange Bittrex. Go to Source Powered by WPeMatico
Bittrex may still face enforcement action in Florida amid bankruptcy
A filing in bankruptcy court from Florida’s Office of Financial Regulation suggested the regulator still had the “administrative discretion” to charge Bittrex. Go to Source Powered by WPeMatico
Mark Cuban, John Reed Stark clash over the cause of FTX’s collapse
Mark Cuban thinks the SEC could have saved U.S. customers from FTX had it adopted Japan’s approach to crypto regulation, but John Reed Stark disagrees. Go to Source Powered by WPeMatico
Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal
Bittrex has adopted a similar approach to Coinbase, aligning its arguments closely with those made by the larger cryptocurrency exchange. Go to Source Powered by WPeMatico
Bittrex withdrawals set to resume after bankruptcy court gives green light
The court left the issue of the subordinacy of government claims open; Bittrex received multimillion-dollar credits from FinCEN and OFAC. Go to Source Powered by WPeMatico
US DOJ opposes bankrupt Bittrex’s plan to repay customers ahead of credited fines
Bittrex owes $29 million on penalties for sanctions violations and may still face penalties in a case brought by the SEC. Go to Source Powered by WPeMatico
