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Established in 2014, USA. No. of pairs - 289. Centralized exchange.

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Bittrex Welcomes Rhode Island Users With Acceptance Of New Money Transmitter License

Bittrex Extends Its Reach To Rhode Islands With Its New Money Transmitter License Today, a leading global crypto exchange Bittrex, added another American state to its fold. This new addition brings Bittrex’s territory to 40 American states, which include but are not limited to Kentucky, Montana, Washington DC, South Carolina, Iowa, Colorado and Massachusetts. Bitlicense […]
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Bittrex opens its USD markets to customers in Rhode Island with Money Transmitter License

Bittrex, one of the leading cryptocurrency exchanges in the world, announced the addition of another state to its USD market, earlier today. Bittrex has thus expanded its presence to around 40 United States territories, including South Carolina, Washington D.C., Montana, Kentucky, Arizona, Colorado, Iowa, and Massachusetts. Notably, this news comes days after the New York State Department of Financial Services [NYDFS] rejected Bittrex’s BitLicense application. The Twitter announcement read, “#Bittrex Community: Bittrex has been approved as a Money Transmitter in the state of Rhode Island! NMLS ID 1544336. We’re excited to welcome Rhode Island customers to join our USD Markets.” Money Transmitter Act [MTA] or a Money Transmission Business Licensing Law requires any individual or business providing money transfer services by any means within the United States to procure a license from the State Banking Board. The application of this law to platforms providing cryptocurrency services has been one of the main concerns for business ventures in the United States. This is mainly because states such as Pennsylvania have outrightly stated that this law did not apply to Bitcoin and other cryptocurrency exchanges, while others have not provided clarity on the subject. The blog post read, “Bittrex now supports eligible personal and corporate accounts for US Dollar (USD) trading, USD deposits, and USD withdrawals. Identity verified (personal or corporate) customers operating outside the United States or in one the […] US states/territories are eligible to participate” Recently, the exchange was in the limelight over contradictory statements issued by the exchange and the NYDFS, pertaining to the former’s BitLicense application. The regulatory body had released a statement listing the reasons why the BitLicense was disapproved, with one of those reasons being the exchange’s North Korean accounts and the platform’s lack of ability to be updated in line with OFAC compliance. This was countered by the exchange, which went on to state that the North Korean accounts, in reality, belonged to South Koreans who “mistakenly selected North Korea.” The post Bittrex opens its USD markets to customers in Rhode Island with Money Transmitter License appeared first on AMBCrypto.

NY Regulator-Flagged ‘North Korean Crypto Accounts’ Were South Korean: Bittrex

By Four days after New York State Department of Financial Services’ executive deputy superintendent for banking Shirin Emami disclosed in an op-ed that having North Korean users on its platform was part of the reason Bittrex was denied a virtual currency business license, the cryptocurrency exchange has come out forcefully to deny the claim. According to Bittrex, there are no North Korean users on its platform. After the allegation was made by Emami, Bittrex says it reviewed the aforementioned accounts and now has an explanation – they were South Koreans not North Koreans. Per a statement from the cryptocurrency The post NY Regulator-Flagged ‘North Korean Crypto Accounts’ Were South Korean: Bittrex appeared first on CCN

Bittrex Clarifies its Stance on North Korean Account Flagged by New York Regulators

Its been a couple of weeks since Bittrex was denied license by the NY Regulators for a variety of reasons. One of the grave claims that came against the exchange was that Customer due diligence and the regulators flagged two accounts that it identified as users from North Korea. But after studying and researching the origins of these accounts, Bittrex has released an official statement stating that he mentioned accounts were actually from South Korea and NYDFS had mistakenly flagged their origins to North Korea. Were these two accounts the only reason for denial of Bitlicense to Bittrex? It was the second week of April 2019, while everything was going smooth for cryptos after a long time, Seattle-based crypto exchange Bittrex hit a roadblock. The New York Department of Financial Services, the regulator that is in charge of providing Bitlicense, rejected Bittrex application, an action that it had not taken in over two years. While there were a variety of reasons put forward by the regulator issued to Bittrex on the grave claim that came forwards was Bittrex had poor customer due-diligence practices and also had incomplete or missing customer identity data. Although Bittrex did claim to media outlets that “the fake accounts cited by the regulator were not active ones.” It came out to be that, more than 70 percent of the “fake name” accounts sampled by DFS had been active accounts at some point, and some still contained funds at the time of DFS’s on-site review in 2019 of Bittrex’s operations. Over and above this, when DFS examiners sampled accounts in 2019, their small sample identified two North Korean accounts. More may exist. At least one North Korean account was active into 2017. At least two Iranian accounts were still active in the Bittrex system when DFS examiners visited Bittrex in 2019, and potentially usable. Both Iran and North Korea have not been great friends of the United States and for an American exchange to hold accounts from these countries was not appreciated. After studying these claims for nearly a fortnight, Bittrex has begun replying to the questions that were raised by the NY regulator. Its first answer it is with respect to the two flagged North Korean accounts. According to the exchange, the flagged accounts were actually from South Korea and not North Korea. Statement of allegations of North Korean accounts on @BittrexExchange. — Bittrex (@BittrexExchange) April 22, 2019 Bittrex also objected to DFS’s standard supervisory agreement, which contained provisions that have been applied to all prior applicants, and which are either required by the Virtual Currency Regulation or are an implementation of its provisions. These supervisory agreement provisions require pre-approval of new products, pre-approval of mergers and acquisition transactions, and set forth a capitalization formula that implements the regulation’s capitalization requirement. As Bittrex has started answering back to NYDFS, one can expect more replies in days to come. Every reply is bringing Bittrex closer to the Bitlicense Will Bittrex be able to get its hand on the NY Bitlicense in 2019? Do let us know your views on the same. The post Bittrex Clarifies its Stance on North Korean Account Flagged by New York Regulators appeared first on Coingape.

Crypto Exchange Bittrex Denies Claim of North Korean Users on Its Platform

Crypto Exchange Bittrex Denies Claim of North Korean Users on Its Platform American cryptocurrency exchange Bittrex has said that claims of North Korean users trading on its platform are false in a tweet on April 22. In the post, Bittrex stated that it had examined two accounts which allegedly belonged to users from North Korea, […] Cet article Crypto Exchange Bittrex Denies Claim of North Korean Users on Its Platform est apparu en premier sur Bitcoin Central.
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Bittrex news by Finrazor


Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges


This week has been eventful in the crypto world. Ripple tries to rebrand its XRP coin, South Korea and China may lift their ICO ban, Bittrex is launching USD trading pairs and EOS’ long-awaited mainnet is soon to go live.

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Bitfinex goes insolvent around the time of the April bubble, coincidence? No.

This is Willybot all over again. CryptoTrading claims 850mil is "seized" by officials. Bitfinex/Tether co obtain a 900mil line of credit with a 6.5% interest rate. Markets see unprecedented buying action, with Bitfinex as the leading exchange, leading to the 20k USD bubble. You can't tell me that the timing of this is all coincidence. This is the exact same thing that happened with MtGox and it's market manipulation effort to pay back its losses. On March 29, after further discussions, the representatives disclosed in a letter to the AG that the credit line had been closed and “during November 2018, Tether transferred $625 million held in its account at Deltec to Bitfinex’s account at Deltec. Ergo, Tether is not currently backed by a reserve (unless they have access to another credit line we aren't aware of, seems unlikely though). In other words a portion of this market is currently propped up by money that does not exist. So people can stop saying that this news "shouldn't impact Bitcoin", because it clearly should and will.

XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate

The cryptocurrency market saw a roller-coaster ride over the past couple of months, and that was reflected in the prices and market caps of top cryptocurrencies. XRP, the third largest cryptocurrency, was stuck in the bear trap with no room for any bullish movement, while Stellar Lumens [XLM], which performed well at the start of the bull run, shared a similar fate to that of XRP. XRP 1 day Source: TradingView The one-day chart for XRP showed a downtrend that pulled the price from $0.517 to $0.371, while the long term support held at $0.291. The Bollinger bands moved parallelly due to the continuous sideways movement of the market. The Chaikin Money Flow indicator was below the zero line, as the capital leaving the market was much more than the capital coming into the market. The Awesome Oscillator recorded low amplitudes due to the lack of market momentum in the XRP ecosystem. XLM 1 day Source: TradingView XLM’s one day graph saw a drop in price from $0,278 to $0.138, while the long term support was at $0.074. The Parabolic SAR was above the price candles which signified that the cryptocurrency was going through a bearish atmosphere. The Relative Strength Index was closer to the oversold zone, a sign of the selling pressure being more than the buying pressure. The MACD indicator underwent a bearish crossover that caused the signal line and the MACD line to converge below. The MACD histogram was a mix of bearish and bullish signals. Conclusion The above-mentioned indicators clearly indicated that the cryptocurrency market was still in a bearish trudge and that there was no bull run in sight. This was evidenced by the significant drop in market momentum. The post XRP/USD and Stellar Lumens [XLM/USD] Price Analysis: Bear reigns as prices stagnate appeared first on AMBCrypto.

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds

Bitfinex Allegedly Covers $850 Million Loss With Tether Funds The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and subsequently used funds from affiliated stablecoin operator Tether to secretly cover the shortfall, according to an announcement published on April 25. Attorney General Letitia James revealed that her office obtained […] Cet article Bitfinex Allegedly Covers $850 Million Loss With Tether Funds est apparu en premier sur Bitcoin Central.
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