Crypto class of 2017, of which I consider myself a part, was pampered in many ways. Unlike the bitcoin early adopters who, before the advent of cryptocurrency exchanges, literally had to meet up in person if they wanted to exchange coins,, or the saps who only had “enterprise blockchain” to get excited about, much of the infrastructure the industry now takes for granted was already laid out before the first major token mania. I bought my first fraction of a bitcoin using a credit card via Coinbase, easily. And when…
Tag: Exchange
Bankrupt crypto exchange QuadrigaCX to start ‘interim distribution’ of funds
According to a May 8 post by Miller Thomson, the law firm representing users of the defunct cryptocurrency exchange QuadrigaCX, interim distribution of funds tied to bankruptcy proceedings will be scheduled “in the coming weeks.” Bankruptcy trustee Ernest & Young announced the interim distribution in consultation with estate inspectors. In the near future, the trustee will post a Notice to Affected Users regarding details about the manner and procedure of the distribution. According to Miller Thomson, a small number of affected users are expected to receive a Notice of Disallowance…
Bitcoin priced on Binance.US crypto exchange at $700 premium
Amid the global cryptocurrency exchange Binance recovering from several halts of Bitcoin (BTC) withdrawals, its American arm, Binance.US, is selling BTC at a premium. The price of Bitcoin on Binance.US is $700 more expensive than the cryptocurrency’s market price on May 9. At the time of writing, or around 1:30 am UTC, Bitcoin was trading at $28,393, according to data from Binance.US Bitcoin page. Bitcoin price on Binance.US on May 9, 2023. Source: Binance.US According to data from CoinGecko and CoinMarketCap, the current market price of Bitcoin amounts to $27,722, which is…
Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some User, EY Says
EY will make the procedure to file the claims public in the coming weeks, Source
Alameda Research Receives $57M From Crypto Exchange OKX
Alameda Research-controlled wallets hold over $240 million worth of various cryptocurrencies. Source
Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit – Bitcoin News
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging from $500 million to $1 billion. Bittrex Bankruptcy Filing Reveals Over 100,000 Creditors and $1 Billion in Liabilities Bittrex Inc. filed for Chapter 11 bankruptcy in Delaware on Monday, while its parent company Bittrex Global will continue to operate outside the United States. This development comes after the…
U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware
Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, months after announcing it would wind down operations in the country and weeks after being sued by the Securities and Exchange Commission. Source
Crypto Exchange Bit4You’s Affairs in Doubt Before CoinLoan Collapse, Belgian Regulator FSMA Says
FSMA had “informed the public prosecutor of irregularities noted in regard to the former management” while assessing the company’s application under money-laundering rules, the statement said, adding that the company had been “forced to modify all its governance structures” as a result of the regulator’s findings. Source
Peer-to-Peer Bitcoin Exchange Paxful Back Online After Temporary Suspension
“After a month away, we’re happy to announce that the Paxful marketplace is back online,” the company wrote. “In early April, we faced a difficult decision to temporarily suspend the marketplace to protect all of our customers and Paxful’s future.” Original
P2P Bitcoin Exchange Paxful Back Online After Temporary Suspension
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