Category: Bitstamp

Crypto Prices Consolidate, Analysts Blame Bitcoin Market Rout on ‘Overleveraged Positions’

Crypto Prices Consolidate, Analysts Blame Bitcoin Market Rout on ‘Overleveraged Positions’

Digital currency markets have been consolidating after taking some heavy losses during the last few days. Billions of dollars have jumped back into the crypto economy on Thursday, as the overall market valuation of all coins in existence has jumped back to $1.75 trillion on Friday. Bitcoin is resting above the $40k handle but the […]

Continue Reading

Crypto exchanges report outages amid extreme market volatility

Crypto exchanges report outages amid extreme market volatility

Multiple crypto exchanges are experiencing outages today amid a steep price drop for many crypto assets. The venues report heavy traffic crashing platforms and high network use congesting the Ethereum network, resulting in withdrawal delays. Voyager Digital’s application is in maintenance mode, according to the exchange. “Due to market volatility, there are wide-spread exchange outages […]

Continue Reading

Bitstamp Plans U.S. Expansion Following 570% Growth in Signups

Popular cryptocurrency exchange Bitstamp has announced that it will be expanding its United States operations, following a groundbreaking feat recorded in the country in the first four months of the year.   Massive Growth in Q1 Highlighting its achievements within the period, Bitstamp said in a press release shared with CryptoPotato today that new customer signups […]

Continue Reading

Crypto firms report uptick in retail activity as US stimulus hits bank accounts

Quick Take Retail activity in the crypto space appears to be spiking and the latest round of stimulus checks may be an important reason for that. The Block reached out to several crypto firms including Bitstamp, Kraken, Falcon X, and Voyager — all of which reported seeing an increase in retail investments.  This feature story […]

Continue Reading

Bitstamp implements tighter KYC measures for crypto withdrawals in the Netherlands

Bitstamp implements tighter KYC measures for crypto withdrawals in the Netherlands

Crypto exchange Bitstamp has confirmed to The Block that it has implemented stricter know-your-customer (KYC) measures for Dutch users. According to these measures, which came into force on January 15, no Dutch user of Bitstamp is allowed to withdraw crypto to an outside address without meeting KYC rules. “Before you can withdraw crypto from Bitstamp […]

Continue Reading

South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million

South Korean Gaming Giant Planning to Buy Crypto Exchange Bithumb for $460 Million

Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up […]

Continue Reading

Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,’ Says Former SEC Commissioner

Ripple Lawsuit Could Invoke Billions in Losses to ‘Innocent Third-Parties,’ Says Former SEC Commissioner

The crypto community is extremely curious about what will happen to Ripple Labs and the token asset XRP, after the U.S. Securities and Exchange Commission (SEC) recently filed a lawsuit against Ripple and two executives. On December 25, the large cryptocurrency exchange Bitstamp announced delisting XRP for U.S. customers, and a former SEC Commissioner thinks […]

Continue Reading

Ripple: First major exchange, another investment fund stop XRP trading

Bitstamp is the first major exchange to stop trading XRP for U.S. customers. Sarson Funds will remove XRP from all of its investment products. One of the largest cryptocurrency exchanges in Europe, Bitstamp, yesterday responded to the U.S. Securities and Exchange Commission’s (SEC) action against Ripple Labs. Trading and deposit of XRP will be halted […]

Continue Reading

Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers

Crypto Markets Rebound, BTC Taps Another All-Time High, Bitstamp Drops XRP for US Customers

The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day’s slump. On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 per coin after […]

Continue Reading