More than three years ago, this reporter brought the news that Bitstamp had applied for a BitLicense. Bistamp CEO Nejc Kodrič believed early on that gaining the license would be important for the Bitcoin exchange. Other crypto firms like Bitfinex, Kraken, and ShapeShift, decided to stop doing business in New York instead. Things Going Swimmingly After Acquisition About this time last year...
Tencent might soon be the proud owner of two major bitcoin exchanges, as the $400 billion Chinese tech conglomerate is weighing a bid for the South Korean holding company that controls them. Tencent Mulling Bid for Owner of Bitstamp & Korbit Reuters reports that Tencent is actively pursuing co-investors to purchase the South Korea-based NXC Corp, the company behind gaming firm Nexon. Kim Jung...
Over the past 48 hours, the Bitcoin price has stabilized at around $3,400 after dropping to a new yearly low at $3,210 on December 7. On a weekly basis, Bitcoin (BTC) is up six percent from $3,210 to $3,400 but the cryptocurrency market has lost $14 billion of its valuation against the U.S. dollar mostly due to the underwhelming performance of major digital assets and the plunge in the value of...
Cinnober, which received an acquisition offer from Nasdaq in September, has signed on to help Luxembourg-based Bitstamp, a crypto exchange with many millions of trades and years to its record. Bitstamp’s matching system will reportedly increase 1,250x, and its overall throughput will increase by 400x, according to the exchange’s estimates. Bitstamp will be replacing its own technology with...
Bitstamp, one of the oldest and largest bitcoin exchanges, has been acquired by Belgian investment firm NXMH. Fortune reports that the Brussels-based NXMH purchased an 80 percent ownership stake in the Luxembourg-based cryptocurrency exchange, which launched in 2011, shortly after the first “bitcoin bubble” drove the bitcoin price up as high as $31 and then back down to $2. Terms of the deal were...
The bitcoin price dipped below the $6,000 mark on cryptocurrency exchange Bitstamp, forcing the flagship cryptocurrency to a six-week low. The market had made a lukewarm recovery earlier in the day, with bitcoin creeping up to $6,600 and other large-cap cryptocurrencies following suit. However, as CCN reported earlier today, bitcoin remains trapped in a severe downward trend, with investors...
Video game company, Nexon Korea’s CEO, Lee Jung-hun has issued a statement in a press conference denying the rumors of a Bitstamp acquisition. The rumors, which hit the headlines yesterday, suggested the oldest bitcoin exchange was up for sale and that the South Korean gaming company was the frontrunner for acquiring it. According to the reports, ‘people with knowledge’ said the price being...
Cryptocurrency exchange Bitstamp will reportedly be acquired by a South Korean gaming company. Citing three sources familiar with the matter, Business Insider reports that Bitstamp -- the world’s oldest surviving Bitcoin exchange -- is close to finalizing a sale to Nexon, a South Korean gaming company that is now headquartered in Japan. Bitstamp, which was founded in 2011 and is headquartered in...