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After the report revealing that the cryptocurrency exchange Bittrex had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC), the securities regulator charged Bittrex and the company’s CEO on April 17 for “operating an unregistered exchange, broker, and clearing agency.” Following the Wells Notice, SEC Charges Bittrex for
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Tether (USDT) has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the U.S.On April 17, the U.S. dollar-pegged stablecoin's circulating market valuation reached nearly $81 billion, just 1.5% below its record high of $82.29 billion from a year ago. It has grown about 20%
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"As laid out in our complaint, Bittrex’s business model was based on three things: circumventing the registration requirements of the federal securities laws; counseling issuers of crypto asset securities to do the same by altering their offering materials; and combining multiple market intermediary functions under one roof to maximize profits,"
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According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory
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A peer-to-peer (P2P) cryptocurrency exchange is an online marketplace that connects buyers and sellers of cryptocurrencies like Bitcoin (BTC). The platform enables them to conduct direct business with one another without the need for intermediaries. When purchasing cryptocurrency on a P2P exchange, a buyer transfers the agreed-upon amount from their account
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The Kingdom of Bhutan’s sovereign investment arm, estimated to manage around $2.9 billion in assets, has placed millions of dollars in cryptocurrencies and was a customer of bankrupt crypto firms BlockFi and Celsius.Druk Holding and Investments (DHI), a commercial arm of the royal government of Bhutan, has grown a crypto
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For most people, crypto custody comes down to the choice of holding their own keys or giving them to an exchange. Fedi offers an intriguing third way – to share the burden with trusted family and friends. That’s why Fedi is one of CoinDesk’s Projects to Watch 2023. Source
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The price action in Space ID, which allows users to exchange, register and manage crypto-based domain names, reinforces Binance Launchpad's position as a lucrative platform for traders looking to get allocations of tokens in new projects. The subscription period for ID ended in March, becoming the latest Binance Launchpad offering. Source
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Bitcoin (BTC) starts a new week under $30,000 as analysts’ predictions of a short-term support retest come true.The largest cryptocurrency saw a classic dive following its latest weekly close as the latest gains evaporated, but will they return?Ahead of a fairly innocuous week for macro data releases, catalysts are likely
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The United States-based cryptocurrency exchange Bittrex is reportedly facing potential action from the U.S. securities regulators despite preparing to shut down local operations.The enforcement division of the U.S. Securities and Exchange Commission (SEC) is inclined to recommend the agency sue Bittrex over alleged violations related to investor protection, The Wall
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