Thursday, March 23, 2023
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Bitstamp Snatches Coinbase Insider as Operator Sale Looms

by firstcryptonews
May 28, 2019
in Ethereum
Bitstamp Snatches Coinbase Insider as Operator Sale Looms

Cryptocurrency exchange Bitstamp has appointed Hunter Merghart, Coinbase’s former chief of trading, as the new head of its American operations.

Merghart’s track record includes the development of Coinbase’s over-the-counter (OTC) trading operations, as well as general business development. He also has a background in the world of conventional finance, serving as a trading director at Barclays, a vice chairman at RBC Capital Markets and an associate at Credit Suisse.

Bitstamp stated, per a release on its website, “We are committed to growing in the United States and developing a better environment for all crypto businesses, both in the United States and worldwide.”

Bitstamp, which is ranked 55th by trading volume (USD 78 million in the past 24 hours, according to Coinpaprika.com) also completed a redesign of its website earlier this week, and was last month handed a BitLiscence permit to trade in the state of New York.

As previously reported, Bitstamp could be set for a massive windfall if its South Korean owner succeeds in selling off his USD 8.8 billion business empire. Kim Jong-ju, the owner of gaming giant Nexon, holding company NXC and exchanges Korbit and Bitstamp, is still looking for a buyer after putting NXC up for sale earlier this year.

South Korean media experts believe Kim is hoping to retain one or both of his exchange businesses and will look to reinvest the money he raises into the blockchain sphere – although previous reports stated Kim was looking to sell off the entirety of his holdings to a single buyer.

However, the timing of Bitstamp’s rapid expansion into the American market may seem odd to some observers if Kim is indeed looking to sell the platform imminently.

Per media outlet Hankyung Kyungjae, May 15 will be a key date in the bidding, and NXC’s buyer could be revealed as early as next week.

A number of companies are known to be interested, including the Kakao Group and China’s Tencent. Joongang Ilbo also reports that Kim’s representatives visited Disney in person, and that Kim privately hopes to sell his holdings to Disney – a company he personally has a great fondness for – rather than a Chinese firm. However, unconfirmed reports have stated that the American media giant is not very keen, and is unlikely to make a formal bid.

Samsung has also been named as a potential suitor – although Hankyung Kyungjae says the business giant is reticent to enter the gaming sector, given the fact that South Korea’s gaming industry is so heavily regulated.

Meanwhile, EKN reports that the entire South Korean gaming sector has taken a financial hit in the first quarter of this year – with Nexon predicted to suffer a 3%-12% year-on-year drop in sales, and post operating profits 13%-26% lower than 2018 figures.

Related Posts

“I’m Not Building Anything On Ethereum”, Says Tesla CEO Elon Musk

“I’m Not Building Anything On Ethereum”, Says Tesla CEO Elon Musk

by firstcryptonews
July 6, 2020
0

William Shatner, the legendary actor who played Captain Kirk on Star Trek has long been a cryptocurrency enthusiast. Now the...

Big Move On The Horizon For Bitcoin As Ranges Tighten, But Where’s Price Headed?

Big Move On The Horizon For Bitcoin As Ranges Tighten, But Where’s Price Headed?

by firstcryptonews
June 11, 2020
0

Bitcoin has been suffering from a low volume for the last few days. This has been an indication of receding...

‘Beast Mode’ – Cardano’s Charles Hoskinson Affirms ADA Is The Crypto To Watch In 2020

‘Beast Mode’ – Cardano’s Charles Hoskinson Affirms ADA Is The Crypto To Watch In 2020

by firstcryptonews
November 21, 2019
0

Cardano is about to go big this coming year. That’s according to the project’s founder, Charles Hoskinson. Charles sent out...

Blockstream CEO Adam Back Sees Bitcoin At $50,000 In No Time

Blockstream CEO Adam Back Sees Bitcoin At $50,000 In No Time

by firstcryptonews
September 10, 2019
0

Bitcoin has subsequently surpassed the $10,000 price level which many believe should increase the coin’s chance of a possible rally....

Uber Will Introduce Their Drone Food Delivery System ‘Uber Eats’ This Summer

Uber Will Introduce Their Drone Food Delivery System ‘Uber Eats’ This Summer

by firstcryptonews
June 17, 2019
0

Uber wants to expand not only to autonomous taxis, but also to food deliveries by drone. Recently Uber successfully tested...

Next Post
Bitfinex Makes Bold but ‘Unaudited’ USD 404 million Profit Claims

Bitfinex Makes Bold but ‘Unaudited’ USD 404 million Profit Claims

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Binance CEO Claims VC Giant Hurt His Reputation

Binance CEO Claims VC Giant Hurt His Reputation

4 years ago
Platform Token JSC Token Listed on Dexorca International Exchange

Platform Token JSC Token Listed on Dexorca International Exchange

11 months ago
Dreams Quest

Dreams Quest Partners with The Sandbox

1 year ago
X10 Legends

Martial Arts Fantasy NFT Game X10 Legends is having a Public Pre-Sale on the 8th of October 2021

1 year ago
Match Token

Why MATCH Token Pre-Sale is Creating So Much Buzz

2 years ago
After Google Cloud, ThunderCore Announces Collaboration with Chainlink for Oracle Services

After Google Cloud, ThunderCore Announces Collaboration with Chainlink for Oracle Services

4 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

Interest-Bearing Bonds-Backed Tokens: Generate yield using tokens backed by sovereign bonds

January 16, 2023

Press Release

Dominator Domains, a Web3 innovative platform where users can register domains in 3 different blockchains and 10 different domain extensions

Dominator Domains, a Web3 innovative platform where users can register domains in 3 different blockchains and 10 different domain extensions

March 23, 2023

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News