Crypto firms in the UK struggle under FCA’s stringent rules, says Bittrex Global CEO
In a significant move from UK Prime Minister Rishi Sunak’s vision of making the UK a global hub for web3, the country’s stringent cryptocurrency marketing regulations have led to a notable exodus of crypto firms. Oliver Linch, CEO of Bittrex Global and a former solicitor at Shearman & Sterling, revealed during an interview with The […]
Bittrex Global announces imminent shutdown, urges immediate fund withdrawals
Bittrex Global, once a leading name in the industry, has announced its decision to cease operations. This announcement follows the earlier bankruptcy filing of its U.S. counterpart, signaling a downturn in the exchange’s fortunes. A sudden shift in direction Bittrex Global, headquartered in Liechtenstein, has taken its customers by surprise with a sudden closure announcement. […]
Bittrex Global’s CEO hails UK Treasury crypto proposals as forward-thinking move
The United Kingdom’s latest regulatory proposals concerning crypto assets have been met with a cautious nod of approval from Bittrex Global CEO, Oliver Linch. In a detailed discourse, Linch acknowledges the UK Treasury’s efforts as a positive stride toward embedding digital assets within the nation’s financial ecosystem. The government’s intention to fold various crypto activities […]
Bittrex slapped with jaw-dropping $24M fine by SEC
The United States Securities and Exchange Commission (SEC) has recently revealed an agreement reached with the prominent cryptocurrency trading platform Bittrex, as well as its co-founder and former CEO, William Shihara. This agreement comes as a response to allegations of operating an unregistered exchange, a violation of federal regulations. The SEC, in an official announcement […]
Crypto exchange Bittrex faces potential lawsuit in Florida
The Florida Office of Financial Regulation (OFR) is contemplating taking action against Bittrex, a cryptocurrency exchange based in the United States, which recently filed for Chapter 11 bankruptcy protection. The OFR’s assistant general counsel, Brandon Greenberg, stated in a filing with the U.S. Bankruptcy Court for the District of Delaware on July 5 that the […]
Bittrex files for Chapter 11 bankruptcy amid SEC’s crackdown on crypto exchanges
Seattle-based cryptocurrency exchange Bittrex, Inc., along with two Malta-based Bittrex entities and an affiliated entity, Desolation Holdings LLC, filed for Chapter 11 bankruptcy on Monday. Bittrex Global GmbH, a Liechtenstein-based global entity, is not included in the filing. The company has over 100,000 creditors, with estimated assets and liabilities in the $500 million to $1 […]
Crypto giants abandon U.S. market for MENA
Crypto giants, including Coinbase, Circle, and Bittrex, are increasingly turning their attention away from the U.S. market and toward the Middle East and North Africa (MENA) region, with the United Arab Emirates (UAE) emerging as a favored destination. The ongoing exodus of these major players from the U.S. is attributed to regulatory challenges and an […]
Bittrex crypto exchange faces SEC action: Details
The US-based cryptocurrency exchange Bittrex faces potential enforcement action from the Securities and Exchange Commission (SEC), despite winding down its operations in the country. The SEC has accused the firm of acting as an exchange, broker-dealer, and clearinghouse without proper registration. This news comes on the heels of Bittrex’s decision to shut down its US […]
Crypto exchange platfrom Bittrex to shut down its U.S. platform next month
On Friday, Bittrex, a cryptocurrency exchange platform, announced that it will shut down its U.S. platform by April 30 after nine years in operation. In a statement, co-founder and CEO Ritchie Lai expressed his regret at having to take this step considering the current regulatory and economic climate in the U.S., noting that it had […]
