In a bold move to strengthen its position in the crypto market, Robinhood has recently announced its agreement to acquire the global crypto exchange Bitstamp for approximately $200 million in cash. This acquisition marks a significant step in Robinhood’s efforts to expand its offerings and enhance its global footprint. Bitstamp, founded in 2011, operates in
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Bybit recently made the decision to remove China from the list of countries whose citizens are restricted from using its services. This move came as a surprise to many in the crypto industry, considering China’s strict regulatory stance towards cryptocurrencies. Despite China’s anti-crypto stance and previous prohibitions on crypto transactions and mining activities, Bybit has
In a recent announcement on June 3, Binance revealed its plan to restrict the availability of “unregulated stablecoins” in the European Union by June 30. This decision comes in preparation for the implementation of the Markets in Crypto-Assets Regulation (MiCA), indicating that certain stablecoins currently in circulation may not comply with the upcoming regulatory framework.
The cryptocurrency market has seen a surge in investor confidence recently, with Bitcoin emerging as a major beneficiary of this positive trend. Despite the somewhat frustrating price action that has characterized the market in recent weeks, large-scale investors have been actively accumulating BTC. Even though Bitcoin’s price ended May below the psychological $70,000 mark, there
In the ever-evolving world of cryptocurrency investments, Shiba Inu ($SHIB) has emerged as a front runner in 2024. With a current price of $0.00002547, Shiba Inu has seen a remarkable 200% increase from its price a year ago. This growth surpasses that of popular cryptocurrencies such as Bitcoin ($BTC) which saw a 158% increase, Ethereum
In recent news, popular crypto influencer GCR fell victim to a hack on Twitter, resulting in a compromised account and misleading price predictions. This incident sheds light on the vulnerability of social media platforms to such scams and the potential impact on the cryptocurrency market. Let’s delve into the details of the hack and its
The Russian Central Bank has recently reported a significant increase in cryptocurrency transactions among Russian citizens. According to the bank’s financial stability report, there has been a noticeable surge in activities on crypto exchanges and peer-to-peer trading platforms. From the fourth quarter of the Financial Year 2023 to the first quarter of FY2024, the total
As the Dogeverse (DOGEVERSE) presale comes to a close on June 3, 2024, investors are eagerly anticipating the next phase of this unique multi-chain offering. With over $15 million already raised, the popularity and potential of the $DOGEVERSE meme token are undeniable. The current price of the Dogeverse token stands at $0.00031, but many believe
Ben Zhou, the CEO of Bybit crypto exchange, has vehemently refuted rumors circulating on social media regarding the alleged insolvency of the exchange. In response to these claims, Zhou stated that the rumors lacked any factual basis and urged the public to be cautious when believing such unfounded allegations. To support his dismissal of the
Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC), recently voiced his strong opposition to the Financial Innovation and Technology for the 21st Century (FIT21) Act. Despite the widespread praise the bill has received for bringing regulatory clarity to the crypto industry, Gensler argues that it would actually weaken current consumer protections