bitstamp

The Monetary Authority of #Singapore (MAS) has officially granted Bitstamp a Major Payment Institution (MPI) license, allowing the exchange to offer digital payment token services to Singapore residents. This makes #Bitstamp the first major EU-based exchange to receive such approval in Singapore, signaling its strategic expansion into APAC markets

🔍 Why It Matters:
Regulatory Toughness: #MAS recently mandated licenses for all crypto exchanges, warning non-compliance could lead to expulsion or penalties .
Trust & Institutional Growth: Bitstamp’s approval bolsters Singapore’s reputation as a trusted hub for crypto and digital asset services .
Global Reach: With over 50 licenses worldwide, Bitstamp reinforces its strategy to serve institutions and retail users across Asia-Pacific .

📈 Market Impact:
Expect increased adoption of Bitstamp in Singapore, especially for institutions, fintech partners, and cross-border token payments. This move supports MAS's push for strong compliance in the crypto sector, setting a benchmark for global exchanges.
#BinanceSquare #Crypto-Boss_

On the morning of March 25, 2025, the Mt. Gox exchange – which collapsed in 2014 after a historic hack – continued to draw attention by transferring $1.01 billion in Bitcoin (about 11,501 BTC) to a new wallet, according to data from Arkham Intelligence. Notably, this BTC originated from a wallet that received $1 billion in a transaction on March 11, marking the third time this month the exchange has made large transfers. So, what does this move conceal?

According to the report, USDC supply has increased from a low of US$24.4 billion in early 2024 to US$43.9 billion on January 1, 2025. This growth contrasts with 2023, when stablecoins fell 45% to US$33.2 billion following the collapse of Silicon Valley Bank (SVB).

The Santa Clara-based financial institution held about US$3.3 billion of Circle's cash reserves. Its collapse triggered a massive sell-off, leading to a short-term drop in the value of the U. S. dollar.
To date, this virtual asset operates on 16 blockchains and allows for the transfer of more than $850 billion in fiat currency. Additionally, in November 2024, monthly transaction volume surpassed the US$1 trillion mark, bringing the total historical transaction volume to more than US$18 trillion. Dante Disparte, chief strategy officer
Circle, attributes USDC's recent success to the company's active engagement with regulators. For example, the company became the first steblecoin issuer to be licensed under the European Union's Markets in Cryptoassets (MiCA) program.
Boston-based Circle also meets the strict criteria for VRCA listing in Canada. It is one of the few #cryptocurrency companies to do so. These requirements forced several companies, including Kraken, #Bitstamp and Bybit, to cease operations in the country.
However, not everything went smoothly for the organization. Late last year, Circle was reportedly forced to cut its staff by over 6% after what it called a normal operating estimate.
Furthermore, despite the growth recorded last year, the #USDC is still lagging behind the #USDT . The number one stablecoin ended 2024 with a market capitalization of $137.5 billion. This amount is equivalent to 66% of the entire stackcoin sector, which is valued at around $208 billion USD.
Furthermore, since 2021, the value of USDT has increased by more than 74% and USDC by 8.8%. According to CoinGecko data, in 2021, Tether was worth $78.3 billion and USDC, which is now called USD Coin, was worth $42 billion. USD Coin was worth $ 42 billion.
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