Exchanges

Bittrex Inc., a Seattle-based crypto exchange, files for Chapter 11 bankruptcy following a lawsuit from the SEC. Despite this, Bittrex Global continues its operations, serving customers outside the U.S.

Coinbase faces a lawsuit for allegedly violating Illinois' Biometric Information Privacy Act (BIPA) by improperly collecting, storing, and distributing customers' biometric data. The plaintiff seeks $5,000 in damages for each intentional and reckless violation, plus an additional $1,000 for every discovered violation.

Binance lifts restrictions on Russian accounts, allowing crypto purchases with Russian bank cards, as the country explores alternative payment technologies like CBDCs and cryptocurrencies to bypass international sanctions.

Bybit, the crypto trading platform, has established its global headquarters in Dubai and is reporting a significant 50% growth in users. The move to Dubai signifies Bybit's commitment to expanding its presence in the Middle East, and its enthusiastic user growth indicates the platform's rising popularity.

Legendary investor Warren Buffett has reaffirmed his stance on cryptocurrencies, calling them "like gambling." Despite the hype surrounding Bitcoin and other digital currencies, Buffett remains unconvinced and continues to advise caution to investors. "You can't value Bitcoin because it's not a value-producing asset," he said in a recent interview. While some may criticize Buffett's skepticism, his track record of successful investments speaks for itself. As always, it pays to listen to the Oracle of Omaha.