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Tag: Bitstamp

  • Strike partners with Bitstamp to bolster crypto purchases for EU users

    Strike partners with Bitstamp to bolster crypto purchases for EU users

    • Strike and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
    • Bitstamp will provide fiat-to-crypto conversion support for Strike.
    • Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

    Strike, a leading Bitcoin payments app launched by Jack Mallers, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

    Bitstamp/Strike partnership

    On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

    Strike and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

    Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

    Strike expanded to Europe in April

    The collaboration with Bitstamp follows Strike’s expansion into Europe. In April, the company announced its entry into the European market after a similar milestone in Africa.

    Accessible to eligible customers, the expansion meant users across the EU could send, buy, sell and withdraw BTC.  Users can withdraw Bitcoin to their self-custody wallets or send it to any Lightning wallet. The launch also introduced P2P transactions for Strike Europe users.

    Bitstamp’s partnership with the US-based Bitcoin payments firm comes after Robinhood announced its $200 million acquisition of the Europe-based crypto exchange in June.

    The crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.

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  • Stripe partners with Bitstamp to bolster crypto purchases for EU users

    Stripe partners with Bitstamp to bolster crypto purchases for EU users

    • Stripe and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe.
    • Bitstamp will provide fiat-to-crypto conversion support for Stripe.
    • Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers.

    Stripe, a leading payments platform that was launched by Irish entrepreneurs Patrick Collison and John Collison in 2010, has partnered with crypto exchange Bitstamp to bring Bitcoin to more people in Europe. CoinDesk reported the story first.

    Bitstamp/Stripe partnership

    On Wednesday, the two companies announced in a press release that they would collaborate to make crypto buying accessible and easier for customers in the European Union.

    Stripe and Bitstamp are eyeing this partnership as one that offers an easier-to-use fiat-to-crypto on-ramp, which allows users to quickly and easily buy Bitcoin, Ethereum, Solana and other cryptocurrencies.

    Users have access to several on and off-ramps, including wire transfers, direct deposits, debit card and mobile money.

    Bitstamp’s partnership with the global payments firm comes after Robinhood announced its $200 million acquisition of the Bitstamp platform in June.

    The Bitstamp crypto exchange has also announced a partnership with Web3 finance platform Kryptos to simplify crypto taxes for users across 15 countries, including the United Kingdom, Portugal and Australia.

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  • Bitstamp to distribute Mt. Gox BTC from July 25

    Bitstamp to distribute Mt. Gox BTC from July 25

    • Bitstamp plans to distribute Mt. Gox Bitcoin and Bitcoin Cash as from Thursday, July 25.
    • The exchange will have a separate distribution plan for customers in the UK.

    Bitstamp announced on Wednesday that the crypto exchange had received Bitcoin (BTC) from Mt. Gox and that it would begin distribution to creditors on Thursday.

    The exchange also has Bitcoin Cash from the Mt. Gox trustee, with this coming a decade since the Bitcoin exchange collapsed following a major hacking incident. After a ten-year wait, customers of the defunct crypto exchange can now have their digital assets back.

    Bitstamp receives Mt. Gox BTC

    Bitstamp said in an announcement that it would begin the distribution process on July 25, 2024. However, it also urged customers to be patient as the process of verification continues.

    “We’re pleased to announce that we’ve received the Mt. Gox assets. We’re working diligently to distribute them to our Bitstamp customers who are Mt. Gox creditors. Please allow up to one week for security checks. We’ll inform you when the transfer is finalized,” the exchange notified users via X.

    Bitstamp has also told its users in the UK that distribution for this group will be undertaken through a separate plan.

    “Rest assured, we’ll keep you updated on the process and ensure you receive your assets as soon as possible,” its post on X reads.

    Bitcoin price holds above $66k

    Mt. Gox repayments began this month and continues to provide notable downward pressure for BTC price. A significant number of users however have not sold amid the distribution. For instance, CryptoQuant analysts pointed to the increase in BTC outflows from Kraken as the exchange distributed Mt. Gox bitcoin to its customers.

    According to analysts, this scenario could bolster Bitcoin’s potential price rebound.

    The flagship cryptocurrency currently hovers above $66k, with bulls showing strength since recovering from the recent dump to under $64k.

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  • German’s BKA transfers more Bitcoin to exchanges including Kraken and Bitstamp

    German’s BKA transfers more Bitcoin to exchanges including Kraken and Bitstamp

    German's BKA transfers more Bitcoin to exchanges including Kraken and Bitstamp
    • German Government transferred 250 Bitcoin worth approx. $15.4M to Kraken and Bitstamp on June 26.
    • The government has transferred a total of $150M in BTC to various addresses.
    • The German Government BTC transfers and Mt. Gox repayments pile pressure on Bitcoin price.

    The German Federal Criminal Police Office (BKA) has made additional Bitcoin transfers to different addresses, including Kraken and Bitstamp.

    These moves have sparked considerable market speculation and concerns about their potential impact on Bitcoin’s price.

    Recent Bitcoin transfers by the German Government

    On June 26, a wallet reportedly controlled by the BKA transferred 750 BTC, valued at $46.35 million, to different adresses, marking another instance of the German government engaging in Bitcoin transactions.

    These transfers are part of a larger series of activities following the seizure of 50,000 BTC from the film piracy site Movie2k in January.

    According to Lookonchain, the German authorities sent 250 BTC, worth $15.41 million, to both Bitstamp and Kraken. Additionally, they transferred 500 BTC, valued at $30.9 million, to an unidentified address labeled “139Po,” which is potentially another exchange.

    Today’s transfers come just a day after German authorities moved 400 BTC, valued at $24.3 million, to Coinbase and Kraken on June 25.

    This activity is part of a broader trend observed over the past week, with the German government transferring approximately $150 million worth of seized Bitcoin to known exchange addresses, in addition to $147 million sent to the “139Po” address.

    Despite these substantial transfers, the government still holds a significant amount of 45,609 BTC, valued at approximately $2.8 billion.

    Earlier in June, the German authorities received 310 BTC, worth $20.1 million, from Kraken and smaller amounts totaling 90 BTC, worth $5.5 million, from Robinhood, Bitstamp, and Coinbase.

    Potential impact on the crypto market

    The large movements of bitcoins by the German government have had a noticeable effect on the market.

    Notably, Bitcoin’s price has dropped about 6% during this period, reflecting market reactions to these substantial transfers.

    Analysts are concerned that the government’s liquidation of its seized Bitcoin might push Bitcoin’s price below the critical $60,000 threshold. Recent market trends support this view, as Bitcoin has experienced an 11% decrease on the monthly chart and over 6% on the weekly chart, with its price standing at $61,065 per coin at the time of writing.

    Market analyst Willy Woo suggests that Bitcoin might go through a correction phase lasting up to four weeks before resuming its price rally. He emphasizes the potential for a “cooling down” period in Bitcoin’s price action. Additionally, there might be further selling pressure in July as Mt. Gox plans to distribute repayments in Bitcoin and Bitcoin Cash to its creditors.

    With over $9.4 billion worth of Bitcoin owed to approximately 127,000 Mt. Gox creditors, who have been waiting for over a decade, this repayment could substantially impact Bitcoin’s price.

    The crypto community is closely monitoring these developments, particularly the sell-off pressure that might be triggered by the German government’s Bitcoin transfers and the upcoming Mt. Gox repayments.

    Both events could significantly influence the Bitcoin market dynamics in the coming months.

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  • DOGECOIN is now listed on the top European crypto exchange Bitstamp

    DOGECOIN is now listed on the top European crypto exchange Bitstamp

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  • Shiba Inu Is Now Available To The US Customers Via BitStamp Listing

    Shiba Inu Is Now Available To The US Customers Via BitStamp Listing

    As per the cryptocurrency exchange Bitstamp’s announcement, trading Shiba Inu (SHIB) tokens is now possible in the United States. After the biggest European exchange began offering SHIB trading in other markets, this happened.

    American users of Bitstamp will be able to exchange the well-known meme cryptocurrency for dollars and euros. Early in June, Shiba Inu was finally made tradable on the major European cryptocurrency platform.

    The listing was first disclosed by the well-known trading platform in December. Fans of SHIB, however, had to wait half a year before they could trade their preferred cryptocurrency on Bitstamp due to technical issues.

    Trillions of Shiba Inu swapped in the last 24 hours

    11 trillion SHIB or 11,182,405,061,512 SHIB have been swapped in the last day, according to data from CoinMarketCap. After momentarily dipping to the $0.0000099 level, Shiba Inu (SHIB) has recaptured the $0.000010 level.

    Shiba Inu was showing a slight boost at the time of publication, rising 5% to $0.0000105. The SHIB price dropped down to trade below this crucial level once more after hitting highs of $0.00001058 on Oct. 26 after a four-day upward trend.

    On October 24, sellers drove SHIB to a low of $0.0000985. Shiba Inu is trying to establish a base at the $0.00000985 price level after prices failed to fall below it for the second day in a row today.

    Before the next move, there may be range trading, since the RSI has flattened below the midway. According to CoinMarketCap data, the prices of the Shiba Inu ecosystem tokens BONE and LEASH have also seen slight gains in the last day.

    Despite being down 88% from its peak, SHIB still draws a sizable number of investors. Shiba Inu currently has 1,230,068 holders, according to cryptocurrency data tracker WhaleStats, indicating that the number of SHIB holders has increased recently.

    Since the beginning of 2022, the percentage of Shiba Inu “hodlers,” or addresses that have owned SHIB for more than a year, has increased from less than 4% to over 37% of holders.

    37% of SHIB holders have held their SHIB for more than a year, 60% have held for less than a year, and 3% have held onto their tokens for less than a month, per IntoTheBlock’s data on holder composition by time held.

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  • Bitstamp Brings Shiba Inu (SHIB) to U.S. Customers

    Bitstamp Brings Shiba Inu (SHIB) to U.S. Customers


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    Alex Dovbnya
    Bitstamp has listed popular meme cryptocurrency Shiba Inu (SHIB) in U.S. after initially making it available in other markets earlier this year
    Cryptocurrency exchange Bitstamp has announced that the Shiba Inu (SHIB) token is now available for trading in the U.S. 

    This comes after the largest European exchange launched SHIB trading in other markets. 

    Bitstamp’s American customers will be able to trade the popular meme cryptocurrency against the U.S. dollar and the euro.

    As reported by U.Today, Shiba Inu finally became available for trading on the leading European cryptocurrency exchange in early June.


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    The popular trading platform initially announced the listing last December. However, it had been hampered by technical difficulties, and SHIB fans had to wait half a year in order to be able to trade their favorite cryptocurrency on Bitstamp.

    Surviving crypto winter 

    The SHIB price has declined roughly 89% since last October, leaving late buyers in the dust. The canine cryptocurrency plunged together with Bitcoin and other altcoins amid the ongoing crypto winter despite seeing growing adoption and notable developments within its ecosystem.   

    Jean-Baptiste Graftieaux, CEO of Bitstamp, recently said that the exchange had not been significantly impacted by this year’s crypto rout that led to declining revenues.

    Bitstamp has experienced many boom-and-bust cycles in crypto, and Graftieaux appears to be confident that it will be able to weather another cryptocurrency crisis. The Luxembourg-headquartered exchange, which was founded all the way back in 2011, is one of the oldest cryptocurrency companies that remains operational today.

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