cryptocurrency exchange Bitstamp announced that it will ban US users from trading seven tokens, including AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL, starting from August 29, 2023.

Bitstamp, one of the oldest cryptocurrency exchanges, is planning to expand its services and footprint with the help of fresh funding. The company is currently in talks to raise funds and has enlisted Galaxy Digital as an adviser. Bitstamp plans to use the funds to launch crypto derivatives trading in Europe next year, as well as expand the number of markets it serves in Asia and its operations in the UK. The company has already secured approval from the UK's Financial Conduct Authority to operate as a registered crypto firm in the region.

Bitstamp, a Luxembourg-based crypto exchange, is seeking to expand its services in Europe and Asia and is in talks to raise funds with the guidance of Galaxy Digital Holdings. The exchange plans to launch crypto derivatives trading in Europe next year and increase its operations in the UK. Bitstamp's CEO, Jean-Baptiste Graftieaux, clarified that the company is not for sale but is looking to raise money through strategic investors to accelerate its growth. Bitstamp is currently the seventh-largest exchange globally with a valuable BitLicense that allows its American unit to operate in New York state.

Artists and hobbyists from around the world have created various monuments to showcase the significance of Bitcoin's digital nature. These tributes range from a bust of Bitcoin's mysterious creator, Satoshi Nakamoto, in Budapest to a stone sphere in Yekaterinburg, Russia, which has been altered many times over the years. One man, known as "Bitman" on Twitter, projects the Bitcoin symbol onto important buildings across Europe to educate people about the benefits of Bitcoin. The first-ever public monument to Bitcoin was unveiled in Kranj, Slovenia, in 2018, made of three tonnes of metal and funded by Bitcoin exchange Bitstamp and software company 3fs.

Cryptocurrency exchange Bitstamp announced on July 13 that it has resumed XRP trading for its US customers. Bitstamp was one of the earliest exchanges to list XRP and is a leading liquidity provider for the asset globally. XRP is one of the most favored digital assets among Bitstamp's customers, after BTC and ETH.

June 21 (Cointime) - The US crypto exchange market is experiencing significant changes as Binance.US's market share has plummeted to just 1%. Meanwhile, Coinbase's market share has also declined, dropping to 50% since the start of 2023. Other exchanges, such as LMAX, Bitstamp, and Kraken, have made notable gains in the market.

According to Coindesk, Crypto exchange Bitstamp and online brokerage firm Interactive Brokers (IBKR) were accepted onto the U.K. crypto register, the Financial Conduct Authority's first additions to the list in six months.

WhaleAlert, a crypto data tracker, has reported a transfer of 21,500,000 XRP worth $11,202,095 from an unknown wallet to Bitstamp exchange. This comes at a significant time as XRP's price has been rising since May 25. The daily Relative Strength Index (RSI) suggests that XRP's price may be overheated, but it remains in positive territory, indicating an advantage to buyers. XRP is currently decoupling from major cryptocurrencies and has risen 2.16% in the last 24 hours to $0.511. Traders should keep an eye on this trend.

Ripple and other large holders of XRP recently moved a total of 218 million tokens, worth around $81 million, in six different transactions. The majority of the movements were made to exchanges such as Bittrex and Bitstamp, coinciding with a recovery campaign by XRP. One of the transactions involved 50 million XRP tokens, worth $21.4 million, transferred from Ripple to an unknown wallet. However, it was later revealed that the recipient wallet actually belonged to Ripple. Other large holders also made movements, with 168 million XRP moved in five different transactions. These movements coincided with a drop in XRP price, but the asset has since recovered and is currently trading at $0.4303.

Several crypto exchanges, including Crypto.com, Bitstamp, Kraken, and Binance, have been ordered by a Gibraltar court to cooperate with the liquidators of crypto trader Globix, who are seeking to track $43 million that went missing. The exchanges have been ordered to identify the owners of suspect wallets and Binance has been ordered to freeze transfers. Gibraltar has been seeking to become a crypto hub, housing spot trading services for the Huobi exchange and ZUBR, a subsidiary of collapsed crypto exchange FTX. The crypto trader stopped receiving investments in June amid crypto market turmoil and filed for liquidation last month.