Cryptocurrency exchange Bittrex announced it would cease operations, and the SEC named a number of cryptocurrencies as securities in a lawsuit against the Kraken exchange
The cryptocurrency exchange Bittrex, which went bankrupt this year in May, announced that trading on the platform would be stopped on December 4. After this date, users will only be able to withdraw their own funds. The statement also said that replenishing an account on the exchange may result in loss of funds. There is no deadline for withdrawing funds from existing deposits yet, but exchange representatives advise doing this as quickly as possible.
The US Securities and Exchange Commission (SEC) has sued the Kraken cryptocurrency exchange for alleged violations of securities laws involving several crypto assets traded on the platform.
Analytics company Glassnode has prepared its latest weekly report on the cryptocurrency market, which states that 83.6% of all bitcoins in circulation were purchased by current owners for less than their current value. Experts write that if less than 58% of all Bitcoin coins are in profit, the market is at the stage of forming a bottom.
