Robinhood’s recent announcement of its acquisition of Bitstamp for approximately $200 million in cash marks a significant move in the cryptocurrency market. This acquisition, set to be finalized in the first half of 2025 pending regulatory approvals, will see Robinhood significantly enhancing its global footprint. With Bitstamp operating in multiple regions including Luxembourg, the UK,
Exchanges
Bybit, a popular cryptocurrency exchange, recently made the decision to remove China from the list of countries whose citizens are restricted from using its services. This move has caused a stir in the crypto community, as it signals a significant shift in the company’s approach to the Chinese market. While the list still includes other
Recently, Binance made an announcement on June 3 about limiting the availability of “unregulated stablecoins” in the European Union by June 30. This decision is in alignment with the upcoming Markets in Crypto-Assets Regulation (MiCA) in the region. The crypto exchange stated that some stablecoins may not adhere to the new regulations and will consequently
Coinbase, a major player in the digital asset industry, recently filed a closing brief with the US Court of Appeals for the Third Circuit on May 31. The brief challenges the SEC’s denial of its rulemaking petition, citing a single, conclusory sentence in the SEC’s order that disagreed with Coinbase’s assertion that current SEC rules
Gemini, a popular crypto exchange, recently announced that users of its Earn product have received $2.18 billion of their digital assets. This recovery represents 97% of the total amount owed to Earn users, showcasing a significant turnaround since the collapse of crypto lender Genesis, which had ceased withdrawals in November 2022. The assets were returned
The Rehabilitation Trustee of the defunct crypto exchange Mt. Gox has made a statement confirming that it has not sold its significant Bitcoin holdings. Despite transferring over 140,000 BTC (approximately $10 billion), the trustee clarified that preparations to repay creditors were ongoing. The firm mentioned that the bankruptcy process will compensate creditors with fiat currency,
