Tag: Exchange

Crypto Exchange Crypto.com Secures a Spot on Bank of Ireland’s Virtual Assets Service Provider Register

The company joins Coinbase, Ripple and Gemini on the register as crypto companies vie to win approval in EU nations to ensure they are ready for December, when the Markets in Crypto Assets (MiCA) legislation becomes fully operational. The bloc’s wide-ranging rules for the industry allow firms with a crypto asset service provider license from any member state to operate across all 27 nations. Source

British crypto exchange Lykke loses over $22m in hacker attack

U.K.-based crypto exchange Lykke said over $22 million worth of crypto had been stolen from its wallet in early June. British cryptocurrency exchange Lykke reported a loss exceeding $22 million following a cyberattack on its wallet. Lykke UK and Lykke Corp AG (Lykke) suffered an attack on their infrastructure on June 4. The affected systems were immediately shut down to limit damage. The identified security breaches have been thoroughly examined and fully addressed. — Lykke✨Zero-fee crypto exchange✨ (@lykke) June 10, 2024 In a Jun. 10 post on X, the crypto…

Bitcoin, Ethereum exchange balances at 4-year low 

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Bitcoin and Ethereum user balances have dropped to levels not seen since 2020. Glassnode data revealed that user balances of Bitcoin (BTC) and Ether (ETH) on centralized exchanges reached a four-year low as investors held out for higher prices in a bull market.  BTC balances dipped to below 2.3 million coins, valued at around $160 billion, while ETH balances have dropped below 16 million, amounting to less than $59 billion. Bitcoin and Ethereum exchange balance at 4-year low | Source: Glassnode Why Bitcoin and Ethereum exchange levels dropped The amount…

Top Crypto Exchange Binance Reaches 200,000,000 User Milestone

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The world’s largest crypto exchange has reached a new milestone despite facing legal and regulatory battles. In a post on social media platform X, Binance thanks members of its community for helping the crypto exchange achieve a global user base of over 200 million.  “Today, we celebrate 200 million – and it’s all because of YOU! Your support is the heartbeat of our journey to one billion users.” Aside from growing its users to more than twice the population of Germany, Binance is also the leading crypto exchange in terms…

Crypto Custody Firm Fireblocks Partners With Coinbase (COIN) International Exchange

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Customers can use Fireblocks’ policy engine to configure user roles, governance policies, and approval workflows for exchange deposit and withdrawal operations to protect against an insider unilaterally moving funds from an exchange account. They can also deposit, withdraw, and rebalance across the Fireblocks Console or API and monitor all connected account balances, according to a press statement. Source

Crypto Exchange Bybit Announces Trading Support for Overseas Chinese

Cryptocurrency exchange Bybit has opened its platform to overseas Chinese residents for trading. The Dubai-based company’s decision is part of a strategy to draw new users while navigating the complexities of global regulatory scrutiny. “This move is in response to the growing demand for secure, reliable, and user-friendly cryptocurrency trading platforms among Chinese expatriates and […] Source BitcoincryptoexchangeExchanges CryptoX Portal

San Francisco-Based Crypto Exchange Kraken Mulls $100,000,000+ Pre-IPO Funding Round: Report

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One of the world’s largest and oldest crypto exchanges is reportedly contemplating a final funding round before possibly going public. Citing people familiar with the matter, Bloomberg reports that San Francisco-based Kraken is mulling conducting a pre-initial public offering (IPO) round after receiving inquiries from potential investors. The fundraising, which will likely aim to raise more than $100 million, may be completed by the year-end, according to the sources. Bloomberg says the exchange is looking for a “marquee” company to join its board and help it kick off a successful…

Despite SEC Pressure, Robinhood Acquires Crypto Exchange Bitstamp for $200,000,000

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Retail trading giant Robinhood is acquiring crypto exchange Bitstamp for hundreds of millions of dollars despite receiving a Wells Notice by the U.S. Securities and Exchange Commission (SEC) earlier this year. According to a new press release, Robinhood has agreed to purchase Bitstamp, a prominent crypto exchange platform founded in 2011 that holds over 50 active licenses and registrations globally, for $200 million. As stated by Johann Kerbrat, Robinhood’s general manager of crypto, “The acquisition of Bitstamp is a major step in growing our crypto business. Bitstamp’s highly trusted and…

Robinhood Acquires Crypto Exchange Bitstamp for $200M

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Robinhood (NASDAQ:HOOD), the popular stock-trading app, is expanding its presence in the cryptocurrency market with the acquisition of global crypto exchange Bitstamp for approximately $200 million. The transaction is expected to finalize in the first half of 2025. Robinhood, traditionally known for enabling everyday consumers to trade stocks, has been gradually increasing its involvement in the cryptocurrency sector. The company supports various popular cryptocurrencies, including Bitcoin, though it has previously restricted some due to U.S. regulatory scrutiny. The acquisition of Bitstamp aligns with Robinhood’s strategy to deepen its crypto offerings…