Consolidation within the cryptocurrency space continues!
In news out this morning it was revealed that Bitstamp is up for sale, and it appears that gaming giant Nexon is in pole position to acquire it.
If you recall, Nexon also purchased another cryptocurrency exchange late last year in the form of Korbit for roughly $80 million.
Some of the details on that deal can be found here:
https://www.techinasia.com/japanese-gaming-giant-nexon-buys-south-korean-bitcoin-exchange-korbit
The terms of this deal with Bitstamp are not completely known at this time, but the rumored purchase price is around $350 million.
Some points of interest:
Bitstamp is one of the largest and one of oldest bitcoin exchanges in existence.
With the purchase it would appear that Nexon is looking to enter the cryptocurrency space in a big way, and possibly do some kind of integration with their gaming division, though that is purely speculation on my part.
Oh and by the way, Nexon is a $10 billion dollar company.
More about the news can be found here:
More good news on the horizon?
If we didn't have enough good news already with the price increases today across the board, check out this poll released by Fundstrat Global Advisors:
(Source: https://twitter.com/fundstrat/status/988817606604881920)
The poll was conducted by Fundstrat among a small group of institutional investors and hedge funds.
The key takeaways were circled in red.
The biggest one being that investing professionals seem to think that bitcoin has bottomed for the year and likely finishes 2018 between $10,000 and $20,000 per coin.
Oh, and they also think that John McAfee will ultimately lose his bet, though the results were close on that one. :)
Stay informed my friends.
Image Source:
Follow me: @jrcornel
love Bitstamp. this would be big
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Let’s pool our funds and start buying crypto exchanges. We’ll be as big as NEXON in just under 1,200 years 🤑🤓🤑
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Which one should we buy first?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
we are in the best moment, the revolution of the crypts., will change the world, unstoppable., then, the government has to accept, the innovation of these digital currencies. this giant is getting stronger every day, win or lose, I see a future not too distant, paper money, obsolete, thank you for sharing such an interesting publication, I follow you and I support you daily.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Gaming giant is probably not big enough to bribe the government into legalization or at least ignoring cyptocurrencies.
If it was a banking giant or even an industrial or HiTech giant would have been a different story.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You got a 13.89% upvote from @ubot courtesy of @stimialiti! Send 0.05 Steem or SBD to @ubot for an upvote with link of post in memo.
Every post gets Resteemed (follow us to get your post more exposure)!
98% of earnings paid daily to delegators! Go to www.ubot.ws for details.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This comment has received a 31.65 % upvote from @steemdiffuser thanks to: @stimialiti.
Bids above 0.1 SBD may get additional upvotes from our trail members.
Get Upvotes, Join Our Trail, or Delegate Some SP
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
With coinbase making roughly $1 bn in revenues last year, and how fast binance has grown, its not surprising that everyone is getting interest in owning a piece in crypto in some form. Ideally i would have expected a deal like goldman backed circle acquiring poloneix but i think crypto interest in korea is at another level.
Great news indeed and insightful post. Keep them coming. Resteeming.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Crypto exchanges are now making more money that traditional exchanges that deal in stocks and bonds etc. How long do you think that will last before the traditional players want a piece of the action?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am very surprised, existing exchanges havent invested in crypto exchanges till now through a VC arm. Possibly waiting for regulatory clearance.
It will be interesting to see what happens first. London Stock exchange or NYSE buying a crypto exchange OR decentralized crypto exchanges.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
On one side, I really do want him to see loosing his bet, but on the other side (selfish as I am) I really, really, really want him to see him winning his bet!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
As someone once said, the perfect outcome would be for bitcoin to get to $999,999 by the end of 2020. :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I could life with that!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good post. Another interesting point is number 7. They are interested in crypto for a variety of reasons. That makes me optimistic about the adoption of a wider variety of coins.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for talking about NEXON.
There are a lot of interesting about cryptocurrency and blockchain in Korea.
So many company come into this industry.
I am introducing Korean food.
It is my goal to introduce Korean food to the world.
I would appreciate it if you come to my blog.
Have a good day ~ !!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agreed. Are you familiar with Nexon?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sir,
Bitstamp is my most trusted exchanger since 2013, fully licenced in Luxemburg, the only one where I feel comfortable to leave some value for some time.
Mt-Gox was gaming industry, see what happened!
I wish Bitstamp to remain independent.
Bitcoin is not a casino
This time original 😊
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Splendid post indeed.
But do you know??
South Korea 🇰🇷 Premium is Back as a result Crypto Market Climbs💸 to $385💰Billion. Cryptocurrency market expanded in an incentive from $324 billion to $385 billion, as the bitcoin cost expanded from $8,000 to $8,800 and other real cryptographic forms of money likewise recorded picks up in the 10 to 20 percent run.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The world’s oldest bitcoin exchange Bitstamp is for sale. As per reports, South Korean’s gaming company claims to finalize the deal to purchase the exchange. According to few people, the price is estimated at $350 million. Bitstamp is the oldest bitcoin exchange and is the licensed exchange in Europe.
Source of info is: coinpedia.org
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
More and more people know and invested in crypto sector! It's good news!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey @jrcornel
Thanks for posting.
We are definitely moving in the right direction and, as you've mentioned, this adds confirmation to it.
I've never used bitstamp but I get the impression it was one of the better exchanges outside of the top 3 or 4.
The gaming industry is perfect to partner up with crypto so hopefully this is the start of something very big.
Cheers, Gaz.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My thoughts as well. There could be major synergies and applications going forward.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think the fact that many younger generation are more open to invest in cryptocurrencies than stocks, many institutions are looking how they can access them by buying into these gateways. They will all eventually be interconnected for the future IOTs across various platforms. Some of these amounts seem like large sums of money, however, these will prove to be the best assets in the long term as regulations are clarified and the availability broaden out to the masses.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
looks nasty and rumour to increase nexon shares??
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post... Looking out for the best
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Woow this is another huge news for the crypto world.
I hope all this coming goood news will take the whole crypto market to new all time highs before the end of this nice and warm spring.
Keep it Up
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It is certainly possible. If Bitcoin breaks about $12k, it is off to the races in my opinion.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The world’s oldest bitcoin exchange Bitstamp is for sale. As per reports, South Korean’s gaming company claims to finalize the deal to purchase the exchange. According to few people, the price is estimated at $350 million. Bitstamp is the oldest bitcoin exchange and is the licensed exchange in Europe.
Source of info is: coinpedia.org
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The world’s oldest bitcoin exchange Bitstamp is for sale. As per reports, South Korean’s gaming company claims to finalize the deal to purchase the exchange. According to few people, the price is estimated at $350 million. Bitstamp is the oldest bitcoin exchange and is the licensed exchange in Europe.
Source of info is: coinpedia.org
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Bitstamp has the longest approval times ever. 6 months and no reply :(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Followed, @jrcornel! thanks for the info
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You're on the @abusereports naughty list! Bad Steemian!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit