After a record-breaking 2021, one of Europe’s oldest cryptocurrency exchanges experienced two consecutive years of significant unprofitability. The British branch of Luxembourg-based Bitstamp recently published its 2023 results, showing a revenue decline to just under €8 million and a net loss of €19.7 million. Bitstamp Endures Challenging Two Years of Crypto Winter Bitstamp Limited, registered
Year: 2024
Week at a Glance: Saxo and Dukascopy, AvaTrade Eyes Colombia, and FMPS:24 Highlights
Saxo Bank Reports 35% Profit Increase for H1 amid Restructuring Topping this week’s headlines, Saxo Bank Group released its financial results for the first half of 2024. The bank reported an adjusted net profit of EUR 68 million, a 35% increase compared to EUR 50 million in the same period last year. In 2024, Saxo
Finalto Proud to Sponsor the FT Alphaville Quiz
2024-08-30T10:19:18.622+02:00 F r i d a y , 3 0 / 0 8 / 2 0 2 4 | 0 8 : 1 9 G M T by FM The geekiest quiz in London makes a triumphant return on Thursday, 26 September. Finalto is all about strategic partnerships. And you don’t get more strategic than this.
Bitcoin Price Analysis: BTC Loses Momentum With Possible Price Declines to $56K and $52K
Bitcoin’s price has been showing a willingness to drop lower. However, market fundamentals point to something different. BTC is down by nearly 10% in the past week, currently struggling to remain above $58,000. Technical Analysis By TradingRage The Daily Chart On the daily chart, the asset has been consolidating around the $60K level, following a
XRP Is Down 8% Weekly But Bullish Signs Appear (Ripple Price Analysis)
Ripple recently faced rejection at the key resistance level of $0.64, causing the price to drop toward the lower boundary of its current range, closely aligning with the 200-day moving average at $0.55. Despite this pullback, the price is likely to experience a modest rebound, maintaining its sideways consolidation within this range. By Shayan The
Aussies Lose $122 Million to Crypto Scams, With Younger Victims Now Leading
Australians reportedly lost at least AUD 180 million (approximately $122 million) to cryptocurrency investment frauds over the past year. Victims under 50 now make up around 60% of scam reports, overtaking older Australians, who are typically considered more vulnerable to such projects. Crypto-Based Investment Scams in Australia The data, gathered by the Australian Cyber Security
Seoul Police Arrest 14 in $12.8 Million Crypto Mining Fraud: Report
The Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit has reportedly apprehended 14 individuals involved in a $12.8 million (16 billion won) crypto mining scam. The operation’s ringleader, a man in his 40s identified only by his surname Lee, went to extraordinary lengths, including undergoing plastic surgery, to avoid detection by law enforcement. Mastermind Had
Crypto ATMs Process $160M in Illicit Funds Since 2019, Says TRM Labs
In a concerning trend, TRM Labs found that illicit activity at crypto ATMs is significantly higher than in the broader crypto industry. This has prompted law enforcement and regulators across the world to leverage blockchain intelligence to investigate fraud and financial crime involving these machines. Increasing Illicit Activity at Crypto ATMs According to the latest
The Making of ‘Nickel Boys’: How a Pulitzer-Winning Novel Became a Radical, Harrowing Film
Nickel Boys feels like some kind of movie miracle. That’s less a commentary on its quality, truth be told—though if you’ve scanned reviews, you might […]
Anna Delvey Waltzes Out of Prison and Into ‘Dancing With The Stars’: Report
Since her move from prison to house arrest in 2022, convicted Manhattan con artist Anna Delvey has announced a number of new hustles: an art […]