Day: April 17, 2023

Crypto Investments Report Positive Flows for Fourth Consecutive Week: CoinShares

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SEC charges Bittrex with unregistered operations, calls six tokens securities

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The United States Securities and Exchange Commission (SEC) has charged the crypto asset trading platform Bittrex and its cofounder and former CEO William Shihara for operating an unregistered national securities exchange, broker, and clearing agency. The agency filed a separate charge against Bittrex Global. The SEC is pressing four charges of Exchange Act violations against the companies and Shihara in the U.S. District Court Western District of Washington. Bittrex Global is also being charged “in connection with its operation of a single shared order book along with Bittrex.” The SEC…

SEC Sues Crypto Exchange Bittrex, CEO for Operating without Registration

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The US securities regulator has charged cryptocurrency exchange Bittrex and William Shihara, its Founder and former CEO, for operating as a national securities exchange, broker and clearing agency without registration. According to US Securities and Exchange Commission (SEC), Bittrex violated registration requirements of the US federal securities law, instructed crypto issuers using its platform to delete certain information that indicated their digital assets were securities, and ran different market intermediary functions under one entity in order to maximize profits. The regulator also filed charges against Bittrex Global GmbH, a foreign…

BoE Considers Limits on Stablecoin Payments as Parliament Debates New Crypto Rules

The new rules will look to regulate stablecoins like commercial bank money, “including the requirement that the coins should be redeemable from the stablecoin arrangement, in fiat money, at par value and on demand,” Cunliffe said. Stablecoins, however, will not receive protection against failure in the same way that commercial bank deposits do. The Financial Services Compensation Scheme (FSCS) provides deposit insurance of up to 85,000 pounds (US$105,059) for bank customers. Source

Paxful CEO announces 88% of accounts unfrozen, $4.4M in funds remaining

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The chief executive officer of peer-to-peer crypto marketplace Paxful has announced the unfreezing of 88% of previously frozen user accounts more than a week after suspending operations. In an April 16 Twitter thread, Paxful CEO Ray Youssef said roughly $4.4 million in frozen funds remained on the platform after staff had unfrozen 88% of existing accounts. According to Youssef, the unfreezing of accounts had been accomplished “with no engineers or compliance folks,” claiming all remaining frozen funds were “in the hands of” United States financial regulators. Youssef said though roughly…

Users can consider buying VPS at the start of a bitcoin bull market

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All signs indicate that the cryptocurrency market is already in the final stages of a bear market. Another bitcoin (BTC) halving is rapidly approaching. Expert comments and market movements suggest that this could trigger another bull market. For this, users can buy a virtual private server (VPS) cheaply to prepare for better crypto prices. What is a bear market? The cryptocurrency market has been bearish for some time. The price of bitcoin fell 55% from its all-time high. Investors often want to know when the bear market will end. Typically,…

SEC Charges Crypto Exchange Bittrex With Operating Unregistered Exchange, Broker, and Clearing Agency – Bitcoin News

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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 Violating Federal Laws On Monday, the U.S. Securities and Exchange Commission (SEC) charged another cryptocurrency exchange, accusing the trading platform Bittrex of operating “an unregistered national securities exchange, broker, and clearing agency.” Since 2014, Bittrex allegedly sold crypto assets…

DOGE Jumps 6%, AVAX Hits 2-Month High on Monday – Market Updates Bitcoin News

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Dogecoin rose by over 6% to start the week, as prices moved back towards a key resistance level. The meme coin moved higher for a fifth straight session, despite the cryptocurrency market falling by 1.54% as of writing. Avalanche also climbed, hitting a two-month high. Dogecoin (DOGE) Dogecoin (DOGE) rose by as much as 6% on Monday, as prices surged for a fifth consecutive session. Following a low of $0.08858 on Sunday, DOGE/USD raced to an intraday peak of $0.0946 earlier in today’s session. The move saw dogecoin close in…

Volkswagen Introduces ID7, Next-Generation EV Built for Efficiency

The Volkswagen ID7 is not only appealing as a high-performance electric vehicle, but it is also one that is built to be largely affordable, compared to current market alternatives. German multinational vehicle maker, Volkswagen Group (ETR: VOW3) has introduced its latest car, the ID.7, billed as the first all-electric Volkswagen for the upper mid-size class. According to the description of the vehicle by the company, the ID7 is branded as the very first Volkswagen product that comes with a new display and operating concept. Designed for performance and elegance, the…