After launching bank repayments in December 2023, the Mt. Gox trustee is getting ready to start repayments of BTC and BCH on Bitstamp and Kraken accounts.
Bitstamp News
Bitstamp is a cryptocurrency exchange that was one of the first platforms for making transactions with virtual currencies. The company was founded in 2011 by Damijan Merlak and Nejc Kodrič and now is based in Luxembourg. The main feature of the Bitstamp exchange is allowing trades between the US dollar and Bitcoin. Deposits and withdrawals are available in USD, EUR, Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, the European payment system SEPA and international bank transfer. Bitstamp fees are usually 0.5% but it depends on the sales figure, so if it’s large enough the commission can be reduced to 0.15%. By 2018, BitStamp has added some functions such as the buying of cryptocurrency with debit or credit cards, or withdrawal of funds in the form of gold.
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Bitstamp’s decision to discontinue operations in Canada is “primarily a timing issue” related to the firm’s expansion priorities, Bitstamp USA CEO said.
3002A flurry of macro and crypto-specific factors is expected to impact this week’s $1.9 billion Bitcoin options expiry.
11634The crypto exchange is ending staking services for U.S.-based users on Sep. 25; the decision comes a few weeks after Bitstamp halted trading for seven altcoins in the country.
3428This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer-2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram.
7238All the soon-to-be-suspended tokens are alleged by the SEC to be securities in its lawsuit against Coinbase and Binance.
6279One of the world’s oldest cryptocurrency exchanges, Bitstamp, is trying to scale its operations with new fundraising advised by Galaxy Digital.
9348The Financial Conduct Authority listed 42 registered crypto firms in compliance with the U.K. government’s Anti-Money Laundering and Combating the Financing of Terrorism rules.
11342This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.
4596Pantera was one of the largest shareholders in Bitstamp until 2014, when the exchange was acquired by Belgium-based investment firm NXMH.
7570Stablecoins are seen as a potential solution to crypto’s banking problem, but some of them are currently not immune to banking issues.
3828MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to pay off to the bank by Q1 2025.
40096Data from crypto exchange Bitstamp shows that institutional registrations on the trading platform increased by 57% in November.
8339Traditional financial institutions continue to demonstrate use cases for digital asset support, along with DeFi capabilities, despite current market conditions.
5607The EU-based exchange became the 46th crypto business to obtain a permit to offer virtual currency exchange services for fiat currency in the country.
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