Singapore welcomes Bitstamp into its regulated crypto sphere
Bitstamp, a leading crypto trading platform, has announced receiving in-principle approval from the Monetary Authority of Singapore (MAS) to operate as a Major Payment Institution within the city-state. This approval marks a crucial step towards Bitstamp’s goal of providing digital payment token services in Singapore, positioning the exchange closer to acquiring a full operational license. […]
Mt. Gox advances in settling debts with Bitcoin, BCH repayments
In a significant move towards settling its long-standing debts, the trustee of the defunct cryptocurrency exchange, Mt. Gox, is making strides in repayment. The exchange has begun confirming the identities of its creditors and the validity of their Bitcoin (BTC) and Bitcoin Cash (BCH) accounts, marking a pivotal step in addressing the losses from one […]
Bitso and Bitstamp receive 107M XRP from Ripple wallets
In a notable development, Whale Alert, a prominent crypto tracking platform, has reported substantial XRP transactions from wallets associated with Ripple, the San Francisco-based fintech company, to two key exchanges, Bitso and Bitstamp. The October 4 and 5 transactions involved nearly 107 million XRP, valued at just over $56 million. Bitso, a Mexican exchange and […]
Bitstamp boosts interest rates for crypto lenders, XRP included
Bitstamp has increased interest rates for users lending specific digital assets, including XRP, on its platform for a 30-day period. The promotional initiative, which runs until October 15, allows XRP lenders to earn up to 2.5% on their deposits, while those lending USDT could see a 6% yield. Other cryptocurrencies like Ether (ETH), Litecoin (LTC), […]
Bitstamp eyes Asian and British markets in ambitious expansion plan
Bitstamp, the Luxembourg-based cryptocurrency exchange, is taking strategic steps to secure additional funding to expand its global footprint and enhance operational capabilities. CEO Jean-Baptiste Graftieaux has disclosed ongoing discussions with potential investors to propel the company’s growth and innovation agenda. Securing funding is already in motion, facilitated by advisory support from Galaxy Digital Holdings. Bitstamp’s […]
Bitstamp and Interactive Brokers added to U.K. crypto register as regulation gains momentum
Bitstamp and Interactive Brokers have become the first companies in six months to be added to the U.K. crypto register, signaling a significant milestone in the country’s efforts to regulate the cryptocurrency industry. The register, maintained by the Financial Conduct Authority (FCA), serves as a list of crypto firms that have met stringent anti-money laundering […]
