Bittrex to Launch New Trading Platform

The Bittrex Global jurisdiction is Liechtenstein due to that fact this country has a favorable regulatory environment
01 October 2019   251

Bittrex, the U.S. cryptocurrency exchange, will launch the new Bittrex Global platform, headquartered in Liechtenstein, in late October, the Cointelegraph reports.

Bittrex Global will offer a “wide range of tokens”, as well as customer reward programs, credit card payment support, the sale of private tokens in accordance with EU law and a mobile application for trading cryptocurrencies.

The exchange chose the jurisdiction of Liechtenstein because of the favorable regulatory environment regarding the crypto industry.

In May, Liechtenstein authorities adopted the so-called blockchain law.

Despite the fact that the blockchain in the document has a broader definition - “technology based on trust”, the law regulates the issue and circulation of digital assets, as well as the activities of service providers.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   75

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."