To comply with Dutch regulations, Netherlands-based Bitstamp users can no longer make withdrawals without first providing photographic proof they own the recipient wallet. Digital asset exchange Bitstamp has reportedly banned Netherlands-based users from withdrawing crypto to external wallets without first verifying they own the receiving address. According to a letter authored by Bitstamp that was…
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Former Bitstamp executive Miha Grčar is joining Kraken as head of business development. Kraken, a San Francisco-based digital currency exchange, has added a proven crypto industry leader to its executive team, underscoring the firm’s continued expansion this year. In an official blog post, Kraken announced Tuesday that Miha Grčar has joined the firm as head…
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Bitstamp is replacing its CEO for the first time since the company’s establishment. Bitstamp, one of the world’s oldest and largest cryptocurrency exchanges, is replacing its CEO for the first time. Nejc Kodrič, the firm’s CEO who co-founded Bitstamp back in 2011, is stepping down from his position. He will be moving into a new…
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The New York Department of Financial Services found that crypto firms blocked the Twitter hackers’ crypto addresses within 40 minutes. The New York Department of Financial Services, or NYDFS, has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC). Far beyond the…
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Crypto needs insurance too. Digital asset exchange Bitstamp has beefed up its insurance measures to combat the inherent uncertainties associated with the crypto space. “The policy covers an array of crime-related cases, such as employee theft, loss while the assets are stored at any premises, loss in transit, loss caused by computer fraud or funds transfer…
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The price of Bitcoin briefly crashed to $11,219 on Bitstamp after disappointing job data hit markets. The price of Bitcoin (BTC) dropped to $11,219 on Bitstamp on Aug.7 after the United States stock market declined. BTC recovered quickly from the brief crash, stabilizing at above $11,600. The price of Bitcoin drops steeply on Bitstamp. Source: TradingView.com…
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The drop in the price of Bitcoin on July 10 to $9,100 was led by Bitstamp, data finds, coinciding with selling by BTC miners. According to data from CoinMetrics, a sell-off on Bitstamp led the market-wide plunge of Bitcoin (BTC). The top cryptocurrency by market capitalization dropped $150 within seconds on the exchange, well below…
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Gatehub and Bitstamp are facing lawsuits from a Canadian investor over $4.9 million in alleged losses resulting from misleading info. Canadian cryptocurrency investor, Salim Satir, has filed a lawsuit against cryptocurrency exchanges, Gatehub and Bitstamp, with the High Court of Justice of England and Wales over $4.9 in purported losses. The plaintiff claims that the…
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Crypto exchanges saw record trade in March, with the global market crash driving all-time highs for both spot and derivatives trading. CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges. The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets. March…
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While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges profited greatly from this uncertainty. While March 2020 has been one of the most volatile and unprofitable months for Bitcoin holders, exchanges have benefited greatly from this uncertainty. March 12 selloff spike in volume The main source of…
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