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Two popular altcoins are surging in price after receiving surprise listings from US-based crypto exchange platform Bitstamp. In a new blog post, the crypto exchange says that its US branch is adding support for smart contract platform Solana (SOL) and Pepe (PEPE), a frog-themed meme asset built on top altcoin Ethereum (ETH). “The day US […]
The post PEPE and Solana (SOL) on the Rise Following Listings on US-Based Crypto Exchange Bitstamp appeared first on The Daily Hodl.
The $81 million Robinhood made in crypto revenue was more than double made from equities in Q2.
Online brokerage platform Robinhood’s crypto transaction-based revenues increased 161% year-on-year to $81 million in the second quarter amid a rise in trading volume.
The $21.5 billion in trading volume was a 137% increase from Q2, 2023, but a 40% fall from the Q1, 2024, the trading firm revealed in its Q2 financial statement on Aug. 7.
Robinhood attributed this to a downward swing in monthly active users in Q2 as crypto prices fell.
Bitstamp entered a partnership to support Stripe’s crypto on-ramp solution in Europe a few months after Robinhood announced its $200 million acquisition of the exchange.
Cryptocurrency exchange Bitstamp is collaborating with the fintech platform Stripe to make cryptocurrencies like Bitcoin more accessible in Europe.
Bitstamp announced the partnership on Aug. 7, allowing consumers across the European Union to purchase crypto via Stripe’s fiat-to-crypto on-ramp.
“This provides users with a seamless checkout experience optimized for cryptocurrency conversion and allows near instant settlement of cryptocurrency transactions,” Bitstamp noted in an announcement on X.
After a decade of waiting, Mt. Gox customers will find their crypto assets worth much more than when the exchange collapsed.
Bitstamp will begin distributing crypto to Mt. Gox creditors on July 25 after receiving a large transfer of assets from the trustees of the collapsed exchange a day earlier.
The Mt. Gox trustees transferred 5,106 Bitcoin (BTC) directly to Bitstamp and 2,869 BTC to an unknown address, after which they underwent additional transfers before ending up in wallets associated with Bitstamp. Bitstamp also received Bitcoin Cash (BCH) and Ether (ETH) from the trustees.
It will take a week for recipients of the repayments to undergo security checks, after which they will have full control of their coins, the exchange said in a statement. Bitstamp customers based in the United Kingdom will not be included in the first round of repayments. They can expect to receive their repayments “within the next few months.”
Ripple has exited its positions in the crypto exchange Bitstamp, the money transfer firm MoneyGram and the cross-border payments company Tranglo, according to data from Crunchbase.
The post Ripple Withdraws Investments in Bitstamp, MoneyGram and Tranglo, According to Crunchbase appeared first on The Daily Hodl.
Germany’s Bitcoin stack briefly dipped below 5,000 BTC after a large amount of funds was sent to Coinbase, Bitstamp and Kraken, but it has since moved some back.
The German government’s Bitcoin wallet is down to 9,094 Bitcoin — just 18% of what it started with — after the latest string of back-and-forth transfers to crypto exchanges on July 11.
The wallet, which has been holding Bitcoin (BTC) seized from a film pirating website crackdown in January, has transferred out billions in Bitcoin since June 19 but ramped up efforts at the start of July.
On July 11, the wallet briefly dipped below 5,000 BTC after sending 10,620 BTC worth around $615 million to cryptocurrency trading platforms Coinbase, Bitstamp, Kraken, Flow Traders and two anonymous addresses, blockchain intelligence firm Arkham noted.