Bittrex Has filed for Bankruptcy
Bittrex has officially filed for Chapter 11 bankruptcy. This filing has come just a month after announcing its plans to close the US version of its exchange.
News
Cryptocurrency news from around the world and beyond. We cover what happening with cryptocurrency today. We cover things like countries embracing or rejecting cryptos, price milestones for Bitcoin and Alts, new projects, upcoming forks, etc.
Bittrex is Shutting Down in the US (Move Your Funds by April 30th)
Cryptocurrency exchange Bittrex has decided to cease its operations in the United States. All funds must be removed by April 30th. This does not impact Bittrex Global.
How to Claim the Arbitrum (ARB) Airdrop
Starting March 23, 2023 eligible users can claim the Arbitrum (ARB) airdrop by going to the official Arbitrum website and connecting an ETH wallet like MetaMask.
Even if You Can’t Claim FTX as Losses, You Should Still Files Tax Losses For 2022
Many of us will get to lower our tax bill this year due to taking losses in crypto in 2022. Just keep in mind you can’t technically take your FTX, Blockfolio, etc., losses until bankruptcy proceedings are finalized.
Coinbase Cuts 20% of Workforce
Coinbase, the largest cryptocurrency exchange, has cut 950 employees (20% of its workforce). This was announced on January 10th, 2023, as part of a 25% reduction in operating expenses.
Luna, 3AC, GBTC, ETHE, WETH, Genesis, Gemini Earn, FTX, Block-Fi, and Other Matters
In the wake of 3AC, FTX, Block-Fi, Celsius, etc, many crypto lenders and exchanges are in trouble. Given this, let’s quickly cover GBTC, ETHE, WETH, Genesis, Gemini Earn, FTX, Block-Fi, and other matters (like if Coinbase is in trouble; HINT: all official signs and documents say it’s fine).
FTX Was Hacked (Don’t Use FTX Products)
FTX halted withdrawals. Then on Friday, Nov 11th FTX was hacked. Currently, neither FTX nor FTX.US are safe to use. Withdrawals aren’t active on either platform and neither app is safe to use at the moment.
FTX.US is Down and Withdrawals Stopped
FTX.US is not directly impacted by the FTX shutdown. I can personally confirm this as I have been able to place trades and make withdrawals as of today.
FTX Global Halts Withdrawals Leaving Many Stuck
FTX Global has halted withdrawals leaving many stuck. While it is currently unknown if withdrawals will begin again or if there will be some sort of bailout, past situations hint that while relief should be coming, it won’t be coming any time soon. UPDATE: FTX.US is not currently safe to use. See FTX hack. This… Read More
The ETH Merge Fork (ETHW)
Ethereum’s merge resulted in a PoW fork called ETHW. You can set your metamask for this network using the following info.