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 The release of new job data caused the U.S. stock market to slump in mid-day. Non-farm payrolls rose by 1.763 million in July, surpassing Wall Street expectations by 10.6%. Despite the optimistic job data, analysts are seemingly concerned that the job market is not growing fast enough. Since the pandemic began in March, the U.S. still has 13 million unemployed …

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 the average market price at the time. Researchers at CoinMetrics said: “Today's market drop was led by trade activity on Bitstamp, where Bitcoin's price dropped $150 in seconds, well below the rest of the market.” The price of Bitcoin drops lower on Bitstamp than other exchanges on July 10. Source: CoinMetrics The sell-off on Bitstamp coincided with a sudden dump of BTC by miners. ByteTree shows miners sold 558 …

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 million in purported losses. The plaintiff claims that the losses resulted from misleading statements on Gatehub’s website purporting to detail its Bitcoin (BTC) to Ripple (XRP) trading function, in addition to the wrongful retention of 872 Bitcoin Cash (BCH) amid the August 2017 Bitcoin fork. Investor accidentally purchases ‘Bitcoin IOUs’ from Gatehub Satir alleges that information provided on Gatehub’s website mislead him as to “the operation and effect of the Bitcoin/Ripple exchange function” …

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 13 sets record for daily spot trades The report states that March 13 produced the single greatest volume in the history of crypto assets — with all exchanges and markets producing $75.9 billion in trade activity over 24 hours. $54.3 billion of 71.5% of trades came from ‘Lower Tier’ exchanges, while ‘Top Tier’ exchanges generated $21.6 billion in volume. Despite Binance and OKEx representing the largest …

Bitstamp, one of the longest-running active cryptocurrency exchanges, is considering launching a batch of new crypto asset listings. Curiously, Bitstamp is contemplating support for Zcash (ZEC), despite an increasing number of exchanges seeking to distance themselves from privacy coins due to associated regulatory risks. Bitfinex considers first new listings in 3 years On March 31, Bitstamp announced it is “actively exploring” support for seven crypto assets, including two stablecoins and one privacy coin. The prospective listings comprise Basic Attention Token (BAT), Ethereum Classic (ETC), Stellar Lumens (XLM), Paxos Standard (PAX), 0x (ZRX), USD Coin (USDC), and Zcash. Exchanges abandon privacy …

A report produced by derivatives analysis firm, Acuiti, has revealed a growing interest in listing crypto assets among institutions, despite lingering compliance concerns. The report was compiled in partnership with exchanges, Bitstamp, and the Chicago Mercantile Exchange (CME). The study surveyed 86 “senior executives from the buy-side, sell-side, and proprietary trading groups specialized in traditional derivatives trading, clearing and execution.” The report also supplemented its findings by surveying trading firms which specialize in cryptocurrencies. 26% of trading firms have adopted crypto assets in some form The report found that 17% of traditional trading firms have already adopted crypto assets — …

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 revenue for crypto exchanges comes from trading fees, so on the days with heavy volume, they see an increase in their revenues. March 12, the day that Bitcoin lost 37% of its value, there was a significant increase in Bitcoin trading volume, with Bitfinex’s volume exploding almost 1,000%. Source: Cointelegraph, bitcoinity.org, Coinmarketcap Furthermore, there is a clear correlation between the direction of price movement and exchange volumes. …

BCB Group, a European crypto-focused payment processor for the likes of major global crypto firms like Coinbase, has secured a license from British regulators. The United Kingdom’s Financial Conduct Authority (FCA) has officially approved the firm’s core subsidiary, BCB Payments, as an authorized payment institution (API), BCB Group announced on Jan. 29. The company is now officially regulated both in the U.K. and Switzerland Having secured an API license from the FCA, BCB Group now holds two regulatory approvals to offer cryptocurrency-related services in Europe. BCB Payments sister firm, BCB OTC Trading SARL, is already regulated in Switzerland as it’s …

The twelfth-largest cryptocurrency exchange, Bitstamp, partnered with cryptocurrency-friendly Silvergate Bank to pilot Bitcoin (BTC) leveraged trading. According to an announcement on Jan. 14, the exchange will serve as the launch partner for the bank’s Silvergate Exchange Network (SEN) Leverage service. During the pilot stage, the exchange will only offer leveraged trading to select institutional customers. The only collateral currently supported by the service is Bitcoin, which will be custodied by Bitstamp as Silvergate Bank’s first exchange partner. Silvergate, the crypto bank Silvergate Bank’s friendliness towards cryptocurrency businesses is seemingly paying off as it has penned partnerships with major cryptocurrency firms. …

Luxembourg-based cryptocurrency exchange Bitstamp has hired Andrew Leelarthaepin to lead its business development efforts in the Asia-Pacific (APAC) region. In a Nov. 13 press release, Bitstamp announced that Leelarthaepin was joining the company to further expand the exchange’s presence in Asia-Pacific “to meet the growing level of demand for the exchange’s services.” Bitstamp’s struggle to establish a local presence in Asia Miha Grčar, global head of business development at Bitstamp, said that the crypto exchange already has “an excellent reputation” in the West, but has so far been unable to establish a local presence in the APAC region. Grčar sees …

The CEO of cryptocurrency exchange Bitstamp has highlighted Bitcoin’s (BTC) utility after funds worth almost $1 billion changed hands for less than $4 in fees. Bitcoin fees too small to comprehend As blockchain monitoring resource BitInfoCharts confirmed on Oct. 14, the transaction at wallet and storage provider Xapo involved a total of 112,027.29 BTC. Previously, Bitstamp had transferred around 107,800 BTC of its funds to Xapo, paying a fee of 0.0234 BTC — or 0.0000217%. The subsequent transaction, handled by Xapo itself, saw an even more microscopic amount paid to miners to approve the funds’ transfer. At $3.89, the fee …

Digital asset financial services firm BitGo will provide secure storage for crypto assets under management at major cryptocurrency exchange Bitstamp. $100 million insurance policy In a news release on Oct. 9, the Luxembourg-based cryptocurrency exchange announced that BitGo will offer custodianship of its digital assets. The Bitcoin (BTC) exchange will start transferring assets to BitGo’s wallets on Oct. 10, 2019. Bitstamp chief technology officer David Osojnik said: “BitGo has been one of our most trusted partners for many years and this is a natural extension of our relationship. Their exclusive focus on institutional services has allowed them to develop the …