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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 Europe an 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 crypto currencies. Users have access to several on and off-ra...

While Americans have seen the adoption of Bitcoin (BTC) spot and futures ETFs, the situation in Europe is different. Bitcoin ETFs have been a hot topic for many months, as the approval of ETFs based on actual Bitcoin in the U.S. could potentially lead to an influx of funds from Wall Street institutions, possibly pushing the price of Bitcoin to new heights. How do Bitcoin ETFs work? Like traditional ETFs, Bitcoin ETFs are issued by financial institutions that invest in Bitcoin and manage the fund on behalf of investors. A Bitcoin ETF can be structured in various ways. For example, it may hold Bitcoin futures or “physical” Bitcoin as the underlying asset, managed by the ETF issuer on behalf of the investor. Source: iShares In the case of funds with a Bitcoin base, the issuing institution buys BTC and holds it. Subsequently, it issues shares of the fund on a securities exchange, tracking the asset’s price. Investors directly own a portion of the underlying Bitcoin, ...

European crypto exchange Bitstamp is leaving the Canadian market, saying it will discontinue its services in Canada starting January 2024. Cryptocurrency exchange Bitstamp is withdrawing from Canada starting January 2024 as the country imposed stricter rules on crypto companies. In a commentary to media on Oct. 10, Bitstamp’s U.S. CEO Bobby Zagotta said the exchange will discontinue offering services in Canada “starting Jan. 8, 2024.” While the exact reason for the exit is unknown, Zagotta noted it was “not a decision we took lightly.” “We hope to be able to serve Canada again at some point in the future.” Bobby Zagotta, Bitstamp’s U.S. CEO Bitstamp has become the latest crypto trading platform to leave Canada, following other companies such as Binance, Paxos, DyDx, Bybit, and OKX. The exodus comes after the Canadian Securities Administrators (CSA) set a deadline for crypto businesses to register with the local regulators. Yo...

The European Central Bank executive , Fabio Panetta, stated in a speech that the EC proposal for the digital euro could give the CBDC legal tender status. In a speech at the Economic and Monetary Affairs Committee, the executive said that the European Commission’s legislative proposals for the digital euro place Europe at the forefront of advanced economies. Panetta added that the digital euro could be a new form of central bank money. A digital euro would be a new form of central bank money, says Executive Board member Fabio Panetta. It is now up to legislators to ensure it would replicate key characteristics of cash in the digital sphere, particularly its privacyhttps://t.co/nQJzYylwpV 1/3 pic.twitter.com/4XPlk83Lwj — European Central Bank (@ecb) September 4, 2023 The European Commission (EC) revealed its proposal for the digital euro on June 28. The ECB executive explained that the digital euro will preserve European monetary sovereignty, helping citizens access a pu...

The focus of the cryptocurrency industry moved on from the FTX crash to the banking crisis in 2023. However, users whose funds were stuck in the defunct exchange were still living in anxiety. Bringing some respite to these investors, the European arm of FTX, FTX EU rolled out a website that will allow its European customers to put forth withdrawal requests. FTX EU garnered a regulatory green signal from the Cyprus securities regulator in March 2022. This was about seven months before the SBF-led exchange’s collapse in November. FTX Europe’s headquarters were in Switzerland. According to recent reports, the Cyprus Securities and Exchange Commission allegedly authorized the new website domain name https:// FTX europe .eu/. The new domain will be focused on returning user funds as opposed to offering trading services. Elaborating on its latest domain, FTX Europe further said, “Please be informed that our new domain, www.ftxeurope.eu, has been approved by our regu...