In a bold move, Robinhood has announced its plans to acquire Bitstamp, a global crypto exchange, for around $200 million in cash. This acquisition marks a significant step for Robinhood as it looks to expand its offerings and strengthen its position in the crypto market. With an extensive global footprint in regions such as Luxembourg,
Exchanges
In a surprising move, Bybit has recently removed China from the list of countries whose citizens are restricted from using its services. This decision was confirmed by CryptoSlate on June 5 through the exchange’s website. While China is now off the restricted list, other countries such as the United States, the United Kingdom, Canada, Singapore,
Recently, Binance announced its decision to limit the availability of “unregulated stablecoins” in the EU by June 30, in accordance with the upcoming Markets in Crypto-Assets Regulation (MiCA). This move is expected to have a significant impact on the stablecoin market in the European Economic Area (EEA). Binance revealed that it plans to implement a
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, taking on the Securities and Exchange Commission’s (SEC) denial of its rulemaking petition. The crux of the matter lies in the SEC’s order, which seemingly dismissed Coinbase’s claim that current SEC rules are unworkable for digital asset firms. In
Gemini exchange recently announced that users of its Earn product received a remarkable $2.18 billion of their digital assets, accounting for 97% of the total owed to them. This significant recovery comes after the collapse of Genesis, a crypto lender that ceased withdrawals in November 2022. The assets were returned in kind, meaning that users
The Rehabilitation Trustee of the now-defunct crypto exchange Mt. Gox recently provided an update regarding its significant Bitcoin holdings. Despite transferring over 140,000 BTC (approximately $10 billion) in a recent transaction, the trustee confirmed that it has not sold any of its Bitcoin holdings. The trustee clarified in a statement on May 28 that preparations
Coinbase is taking a bold stand against the SEC, accusing the regulatory body of attempting to skirt around established legal tests in their ongoing legal battle. The exchange argues that the SEC is avoiding the fundamental question of whether a digital asset transaction without post-sale obligations can be considered an investment contract under the Howey
Recently, there have been rumors circulating on social media about Bybit crypto exchange’s alleged insolvency. These rumors started spreading through obscure social media accounts, suggesting that a bug in a proof-of-reserves graph from Arkham Intelligence could have sparked the speculation. However, Bybit’s CEO, Ben Zhou, has firmly denied these claims, stating that they are baseless
The recent nullification of the Emergency Suspension Order (ESO) issued by the Office of Financial Regulation against Binance.US by the First District Court of Appeals in Florida has raised eyebrows in the financial and cryptocurrency communities. The ESO was initially put in place earlier this year, banning Binance.US from serving residents of Florida due to
France’s Autorité des Marchés Financiers (AMF) recently issued a warning to French crypto investors regarding Bybit, a popular digital asset trading platform. According to the notice released on May 16, the AMF emphasized that Bybit is not a registered platform in the country. The financial regulator urged retail investors to exercise caution when considering investment
