Bitstamp news

Established in 2011, Luxembourg. No. of pairs - 14. Fiat - EUR, USD. Centralized exchange.

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Disney Could Acquire Crypto Exchanges Bitstamp and Korbit Parent Company NXC

Disney seems to be interested in purchasing the parent company of the cryptocurrency exchanges Bitstamp and Korbit. According to a recent report released by Korea Herald, Jung-Ju Kim, a billionaire, and NXC chairman, met with representatives of Disney to sell his stake in NXC.  NXC is also the parent company of the video game publisher […]
Bitcoin Exchange Guide

Bitstamp USA gets licensed by NYDFS

Bitstamp USA Inc., largest European digital currency exchange Bitstamp Ltd.’s U.S. subsidiary, has been granted a virtual currency license by the New York State Department of Financial Services (NYDFS), according to a press release on NYDFS’s website. The subsidiary is the 19th company to be granted... The post Bitstamp USA gets licensed by NYDFS appeared first on CoinReport.
CoinReport

This Week in Cryptos: Facebook, Coinbase, Bitstamp and Pewdiepie Among Major Newsmaker

Key highlights Facebook is looking for $1 Billion in Funding for Crypto Project Bitstamp Cryptocurrency Exchange Obtains BitLicense in New York Bakkt hires former Paypal and Google executive to strengthen its team Coinbase enters the Crypto- Powered Debit Card Space Pewdiepie Moves to Blockchain-Based Streaming Platform, DLive Lawmakers Reintroduce ‘Token Taxonomy Act’ With Upgraded Version China tightens screws on Crypto mining Facebook is looking for $1 Billion in Funding for Crypto Project Well, Facebook and cryptos have again appeared in the same news article and the world seems to have gone crazy over it. This time its Nathaniel Popper, the New York Times’ resident crypto and blockchain reporter who tweeted saying that Facebook is possibility looking big money for its crypto project. The figure happens to USD 1 billion and it is believed Facebook is knocking doors of private equities for its stablecoin project. The money is believed to be used as collateral to back the Facebook stablecoin. But again nothing officially announced by Facebook Bitstamp Cryptocurrency Exchange Obtains BitLicense in New York This week, The three year wait for Bitstamp finally came to an end. The Luxemburg based Cryptocurrency Exchange, Bitstamp has obtained a bitlicense from the New York Department of Financial Services (NYDFS). Bitstamp is also one of ten Cryptocurrency Exchange which was cleared of the ‘fake reported volume’ fiasco being identified as one of the authentic Exchanges in the world. The move is driven to increase its presence in the US, and the NYDFS BitLisence is expected to attract the Institutional Investors around the world as well. Bakkt hires former Paypal and Google executive to strengthen its team Another flow of talent from the main street to crypto street. This time its Bakkt, a yet-to-launch, a multi-faceted crypto platform backed by the Intercontinental Exchange which also owns the NYSE. According to the latest announcement  Bakkt has hired Mike Blandina, a former employee at PayPal and Google, as its new Chief Product Officer. In an announcement, Bakkt’s Kelly Loeffler also put forward that Bakkt is still working with regulators to ensure the launch of its physical Bitcoin futures contract pans out well. Coinbase enters the Crypto- Powered Debit Card Space Coinbase, the flagship crypto exchange of the United States has further diversified and this time it’s into Crypto-powered debit cards, an industry that has remained under questions due to regulatory stringencies. Not many companies have really been successful with this product and Coinbase seems to be here to change the game.  The launch is expected to be in the United Kingdom and this new offering will allow British Coinbase clients to spend their Bitcoin, Ethereum, Litecoin, and many other digital assets in millions of stores and on thousands of online outlets for whatever they may please… within reason. Pewdiepie Moves to Blockchain-Based Streaming Platform, DLive Felix ‘PewDiePie’ Kjellberg (Pronounced: ‘PuDeePi’), who hosts the most subscribed channel on Youtube in the world since 2013 will stream live weekly on Blockchain based streaming platform, DLive from April 14, 2019. Felix signed an exclusive deal with DLive, he said in the press release: “I’m excited to start live-streaming again regularly,” said PewDiePie. “DLive is great for me because I’m treated like a real partner.” Lawmakers Reintroduce ‘Token Taxonomy Act’ With Upgraded Version Token Taxonomy Act, the bill which was introduced in the year 2018 for the first time to remove crypto from US securities laws- has again reintroduced with upgraded version and better clarity on Tuesday – aiming Congress to approve and signed into law. China tightens screws on Crypto mining This week saw the Chinese regulator, the National Development and Reform Commission (NDRC) revealing that it is not really happy with the Bitcoin and cryptocurrency mining industry operating in the country, especially due to the industry’s energy consumption for what they see as little economic. While this news was to give jitters to the crypto community as China is a hub for mining, people who understand it well claim that the regulation (if approved) won’t go into full effect for years, and may not even be all-encompassing. The post This Week in Cryptos: Facebook, Coinbase, Bitstamp and Pewdiepie Among Major Newsmaker appeared first on Coingape.
CoinGape

New York Orders Bittrex to Cease Operations but Approves Bitstamp

New York State’s financial regulator has ordered Bittrex to cease operating in the state after rejecting its application for a Bitlicense. Multiple deficiencies were cited, some of which Bittrex immediately disputed. Meanwhile, Bitstamp has been green-lighted to offer the trading of five cryptocurrencies in the state. Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request One Approval, One Rejection The New York State Department of Financial Services (NYDFS) approved one crypto exchange for a Bitlicense and then rejected another the following day. The regulator announced Wednesday that it has denied “the applications of Bittrex Inc. to engage in virtual currency business and money transmission activity in New York.” A representative at the NYDFS told news.Bitcoin.com Wednesday: There is no appeals process following a denial but the company could reapply. Bittrex has approximately 1.67 million users globally including those in about 40 U.S. states, approximately 35,000 of which are in New York, the regulator noted. “Effective April 11, 2019, Bittrex must immediately cease operating in New York State and within 60 days wind down its business in New York,” the announcement reads. Bittrex must also provide a plan for how it will wind down business with existing New York customers due within 14 days. There will be penalties for non-compliance. NYDFS vs Bittrex Bittrex applied for a Bitlicense on Aug. 10, 2015. In its decision letter, the NYDFS revealed that it conducted a four-week onsite review at Bittrex’s Seattle and Washington D.C. offices and sample transactions between Jan. 1, 2017 and Dec. 31 last year were analyzed. The department claims to have found a number of inadequacies, particularly in the exchange’s compliance program for the Bank Secrecy Act, Anti-Money Laundering, and Office of Foreign Assets Control (OFAC). Bittrex immediately issued a statement that “fully disputes” the NYDFS’ findings, citing “several factual inaccuracies.” The regulator says that the exchange’s KYC and customer due diligence “are seriously deficient,” with “a substantial number of aliases” found as user account names, such as “Give me my money,” “Elvis Presley,” and “Donald Duck.” It also alleges that “a large number of transactions for customers domiciled in sanctioned countries (including Iran and North Korea) had passed through screening and were processed.” Disputing the allegations, Bittrex declared: The Iranian customers referenced in the letter were reported to OFAC in January 2018; we do not have and have never had any North Korean customers. Unrealistic Demands Most notably, Bittrex claims that in January the NYDFS asked it to sign “a supervisory agreement that, if agreed to, would have resulted in the issuance of a Bitlicense and a Money Transmission License,” noting that there are three key areas it could not agree to. The first is that Bittrex would have to agree to limit its offering to New York residents to only 10 coins, with restrictions on the process of offering new coins. Secondly, the department has imposed “unrealistic capital requirements” that are “far in excess of that of any other state,” Bittrex believes. Lastly, the exchange would need to obtain the regulator’s approval to form or acquire any other entity. Bittrex decided it could not sign this agreement and “attempted to negotiate the terms of the supervisory agreement but were told that these terms were non-negotiable.” The exchange further revealed, “We were not provided an opportunity to see or even comment on the findings before they were made public.” Bitstamp Gained Approval While Bittrex has to exit the state of New York, another crypto exchange, Bitstamp, is planning an expansion into the state as the same regulator approved its application the previous day. A U.S. subsidiary of Bitstamp Ltd., Bitstamp USA Inc., became the 19th company to receive a Bitlicense as of April 9. According to the exchange’s announcement: Bitstamp’s Bitlicense allows it to offer trading in five cryptocurrencies – BTC, ETH, XRP, LTC and BCH – in addition to others it may add in the future. What do you think of the NYDFS approving Bitstamp’s application but rejecting Bittrex’s? Let us know in the comments section below. Images courtesy of Shutterstock. Need to calculate your bitcoin holdings? Check our tools section. The post New York Orders Bittrex to Cease Operations but Approves Bitstamp appeared first on Bitcoin News.
Bitcoin News

XRP: xRapid payments-facilitated exchange, Bitstamp granted BitLicense by New York DFS

Bitstamp, a cryptocurrency exchange based out of Luxembourg, announced on its official website that the exchange was granted a BitLicense. This will allow Bitstamp to continue providing crypto trading services in the United States and improve the exchange’s overall presence in the country. Linda A. Lacewell, Acting Financial Services Superintendent of New York State Department of Financial Services [DFS], stated, “We are pleased to welcome Bitstamp to New York’s growing virtual currency marketplace. A regulated industry protects customers while supporting innovation and ensuring our financial services sector is a vibrant part of New York’s economy.” The exchange is now authorized to offer services, providing its users with the ability to buy and sell Bitcoin [BTC] along with various other cryptocurrencies. The license also enables Bitstamp USA to facilitate transfers of funds onto the Ripple Network, issuing Ripple balances in USD, with other virtual and fiat currencies. Bitstamp is one of the few exchanges that facilitate xRapid payment paths or Ripple Gateways, which provide an entry point into the Ripple Network. The announcement further hinted at the exchange being granted the license to use the XRPL decentralized exchange for utilization. With the legal backing of the Financial Services, Bitstamp will now be able to issue fiat-backed and crypto-backed IOUs [tokens issued on the platform that are redeemable for a fungible asset such as USD, gold or crude oil]. Nejc Kodrič, CEO of Bitstamp, expressed his delight, stating, “Bitstamp has always embraced regulatory efforts that focus on transparency and accountability to help expand the industry and bridge the gap between the traditional financial and cryptocurrency worlds.” After the announcement, a Twitter user @Ticketothemoon, posted a query and asked, “Wasn’t buying XRP from Bitstamp already an option in the U.S?” Bitstamp responded to this query, “You’re right, it was, and this license will enable us to continue providing crypto trading services and ramp up our presence in the US.” XRP enthusiast, @XrpCenter gave its opinion on the announcement and stated, “To be clear, this means that Bitstamp, as a separate and independent company, has been granted with an authorization to use the XRPL Decentralized Exchange to 1) Issue fiat-backed and crypto-backed IOUs. 2) Handle payments. It is not the XRPL, per se, what has been regulated.’ The post XRP: xRapid payments-facilitated exchange, Bitstamp granted BitLicense by New York DFS appeared first on AMBCrypto.
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Warren Buffett invests $600M, Coinbase is worth $8B, StarkWare acquires $30M, USD issues over $125M in investments, NXMH obtains Bitstamp, Algorand receives $62M, Thailand alerts against investments in ICOs, Ripple confirms the institutional investments growing, Kevin O’Leary invests $100M, Nouvive provides an investment observation, OK Blockchain Capital conducts an Investment Sentiment Survey, Steve Wozniak discusses his BTC investment

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BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections

The cryptomarket is going through some good times, recovering from the sharp fall it had during 2018. The recovery of the global marketcap, and the high number of developments around cryptos and blockchain technologies has led many analysts to claim that we are close to witnessing not only a stabilization of the markets but also a bullish trend in the short term. Of all the crypto currencies on the ecosystem, BTC has always been the reference token, not only for holding the most powerful position in the top 10 but also for having the highest number of users and software developments. BTC is Having a Great Week BTC has experienced a significant price increase. After a period of constant “Bart Simpsons”, it finally seems that the most important cryptocurrency in the world broke the 5k resistance. This marks an a crucial milestone as it is a a value that could not be reached for months. However, during the last few hours BTC was curiously bullish. The token easily broke the 5.4K to flirt with the 5.6K band. If this trend continues, it could be said that BTC has been bullish for the entire past week, winning between 500 to 600 Dollars per token. BTC. 30 minute candles. After the big green candle, 5580 has become a new support Bitcoin (BTC) 1day candles. courtesy Tradingview Cardano (ADA) Also Shows Some Positive Signs Another token that has been specially bullish is Cardano (ADA) The project that promises to solve the “blockchain trilemma” experienced a a surge of about 10% in less than 24h, standing at one point almost at $0.08 per token. One of the reasons for this rise is the positive reaction of the market to the announcement by Charles Hoskinson (head of the project) saying that IOHK managed to close a an association with the Ethiopian government to popularize the use of Cardano in that region. According to Mr. Hoskinson, thanks to this partnership the Ethiopian authorities, the government will allow its citizens to use ADA to make payments as if it were fiat. Also, residents of Addis Ababa, the capital of the country, will be able to use ADA to pay for public transport services in the city. Right now, Cardano (ADA) experienced a correction that placed the token back to the support at 0.074 USD. The token then went up again to 0.075 with signs of another possible bullish trend in the short term Currently the bullish trend seems to be solid in most of the markets. The signs of a trend reversal are not strong enough to be frightened, however it is important to follow the charts, remembering that cryptocurrencies are extremely volatile. The post BTC and ADA Are Showing Positive Signs With Strong Bullruns and Weaker Corrections appeared first on Ethereum World News.
Ethereum World News

USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets

April 23rd, 2019, Frankfurt, Germany – USDX Wallet is a mobile-first instant transfers solution powered by blockchain technology. It targets crypto holders, allowing individuals to send and receive funds quickly and fee-free. It also covers the needs of an unbanked audience, and those who don’t want to pay commissions within traditional money transfer mobile apps. The USDX Wallet app guarantees multi-level security for all transactions and instant transfers of assets by username, phone number or QR code. The native blockchain used by the USDX Wallet is based on the BitShares protocol and allows 100,000 transactions per second. USDX and LHT Tokenomics The payment system has two cryptocurrencies at its core: USDX token and LHT coin. The USDX token is a stablecoin pegged to the U.S. dollar at a 1:1 ratio via a smart contract. USDX is collateralized by the system’s core cryptocurrency, LHT. The total supply of LHT is 1 billion coins. LHT coins will be released gradually to the market; only 10% of the LHT supply will be issued each year, of which 5% will be freely tradeable and 5% will be locked on the blockchain to provide 200% collateralization. Recent Developments USDX Wallet has not held any private sales or presales, as it has received a sufficiently large venture investment. Future profits of the project will come from business account fees. From December 2018 to January 2019, there was an airdrop that attracted tens of thousands of participants. At the moment, USDX Wallet has surpassed 50,000 verified accounts. For the last several months the team behind the app have been implementing integration with crypto exchanges. The first platform to list LHT will be ExMarkets exchange, with two more exchanges to come. On Exmarkets, LHT will be available in trading pairs with Bitcoin (LHT/BTC) and Ethereum (LHT/ETH). About Exmarkets ExMarkets is a digital asset exchange platform powered by the state-of-the-art trading engine developed in-house. On the exchange, ExMarkets users can trade the most popular cryptocurrencies as well as gain the chance to participate in the token sales of the most promising blockchain and crypto projects through ExMarkets Initial Exchange Offering (IEO) LaunchPad. Recently, ExMarkets was granted two operational licenses for crypto-fiat gateway and custodian service provision by the Estonian regulator making it one of the few certified players in the market. Also, ExMarkets supports EUR (SEPA transfers) deposits to the cryptocurrency exchange and is a part of the CoinStruction liquidity framework which is aggregating order-books from the most well-known cryptocurrency exchanges guaranteeing 24/7 crypto liquidity. It takes only a few minutes to set up an account; users are allowed to make deposits in Bitcoin, Ethereum, other supported cryptocurrencies, and tokens. ________________________________ For more information on USDX Wallet, visit https://usdx.cash. The free USDX Wallet app is available on Google Play and the App Store. Follow USDX Wallet on Medium, Twitter, Facebook and Telegram. ExMarkets platform https://www.exmarkets.com/. Media Contact Details Contact Name: Maria Lobanova Contact Email: mlobanova@usdx.cash Partnership Request Details Contact Email: partners@usdx.cash USDX Wallet is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of stable value, or of any value at all. Disclosure: This is a sponsored press release. The post USDX Wallet Announces Integration with First Crypto Exchange, ExMarkets appeared first on NullTX.
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