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
- fundstrat
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.
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