Fun

New York Watchdog Extends Window for Bittrex Users to Withdraw Funds

News Feed - 2019-10-25 07:10:14

Crypto exchange Bittrex will once again extend its deadline for New York customers to withdraw funds from their accounts following approval from the New York Department of Financial Services (NYDFS).


Announced Friday by Bittrex, the extension is the second since the Seattle-based exchange was denied a regulatory license to operate in the state in early April, colloquially called the BitLicense.


Originally, Bittrex customers were given until June 8 to withdraw deposits on the exchange which was bumped to Oct. 24 with permission from the DFS


The state regulator had withheld licensing from Bittrex due to poor customer and transaction monitoring along with a lack of qualified staff, the executive deputy superintendent of banking for the NYDFS, Shirin Emami, said in an April CoinDesk opinion article.


New York’s BitLicense – largely considered the most rigorous state regulatory framework in the U.S. – has recently come under revision from the regulator itself.


Speaking at DC Fintech Week Oct 22, NYDFS Superintendent Linda Lacewell said the body is reviewing its standards in light of the industry’s evolution.


“This is a good time to take a look, a responsible look and see how our regime is fitting the current market and … what if any adjustments should we think about making to continue to adapt to … a changing industry,” she said at the time.


New York image via Shutterstock

News Feed

Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit
Jump Crypto Replaces $320 Million in Ethereum Taken From Wormhole Exploit On February 2, 2022, the Wormhole Network’s ethereum ↔ solana bridge was exploited for 120,0
SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent
SHIB Community Members and Countdown Clock Hint Shibarium Launch Is Imminent According to a myriad of social media posts, the meme crypto project Shiba Inu is planning to launch th
Grayscale files for ‘mini’ spot Bitcoin ETF
Zoltan Vardai10 hours agoGrayscale files for ‘mini’ spot Bitcoin ETFThe new Bitcoin trust could offer investors non-taxable exposure to Bitcoin, according to Bloomberg analysts.2274 Total views2 Total sharesListen to
JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US
JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approv
Derek Andersen2 hours agoSingapore startup dtcpay launches retail crypto payments system with Chinese partnersDtcpay, formerly Digital Treasures Center, is MAS-registered and already provides some point-of-sale and onlin
Biggest Movers: DOGE Rebounds on Thursday, LTC Nears 1-Week High
Biggest Movers: DOGE Rebounds on Thursday, LTC Nears 1-Week High Dogecoin rebounded from Wednesday’s decline, as the meme coin moved away from a key support level. Prices ha
Crypto markets rally, but Ethereum struggles to keep pace with Bitcoin
Marcel Pechman4 hours agoCrypto markets rally, but Ethereum struggles to keep pace with BitcoinETH price continues to trail far behind Bitcoin’s year-to-date gains even after the crypto market responded positively to t
Tristan Greene5 hours agoIBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to competeExperts predict the global quantum computing sector will have grown from about $930 million in 202
Party at Vitalik’s House? For DeFi, it’s Do-or-Die
Party at Vitalik"s House? For DeFi, it"s Do-or-DieEthereum gas prices have set new records, with single DeFi transactions costing over $10 in fees. High fees are the result of conge
Biggest Movers: DOGE, XRP Hit Highest Point Since Late September
Biggest Movers: DOGE, XRP Hit Highest Point Since Late September Dogecoin was trading near its highest point since late September on Wednesday, as prices rose for a second straight
Turkey’s President Erdogan Instructs Ruling Party to Study Cryptocurrency, Metaverse
Turkey"s President Erdogan Instructs Ruling Party to Study Cryptocurrency, Metaverse The president of Turkey, Recep Tayyip Erdoğan, has reportedly instructed the country
MVRV Pricing Bands Suggest Ethereum Cycle Peak Is Still Ahead – Analyst Sets $7,000 Target
Este artículo también está disponible en español. Ethereum, the largest altcoin by market capitalization, is trading at surprisingly low levels compared to its peers, rai