Bitstamp Acquired
Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC The Korean government made waves last year when it moved to ban initial coin offerings from taking place in the country. Blockchain payments startup Ripple Labs has hired former Google executive Amir Sarhangi as its vice president of products. After nearly two weeks stagnating at around $6,400, bitcoin has finally made a move – to the downside. Cryptography startup StarkWare just closed a $30 million equity funding round led by Paradigm and featuring a number of other major investors, according to an announcement made Monday. Late Confirmation is a CoinDesk production. For more information, visit www.CoinDesk.com
