Korbit exchange sold

Gaming Giant Nexon Acquires 65% Stake in South Korea’s Second Largest Cryptocurrency Exchange

Gaming Giant Nexon Acquires 65% Stake in South Korea’s Second Largest Cryptocurrency Exchange   Korbit the second largest cryptocurrency exchange in South Korea has sold to the parent company of games giant Nexon for up to $80 million. NXC, which owns online games platform Nexon, has now confirmed the deal which local media previously reported on earlier…

Bitstamp bitcoin cash

Bitstamp Credits Users With Bitcoin Cash, Trading Delayed

Bitstamp Credits Users With Bitcoin Cash, Trading Delayed   Cryptocurrency exchange Bitstamp has credited users with Bitcoin Cash, while announcing it will postpone trading “until further notice.” The latest major exchange to credit wallets with the equivalent balance in BCH, Bitstamp beat major wallet Blockchain.info which is set to follow suit by the end of October. Users with coins…

South Korea Will Conduct On-the-Spot Checks of Bitcoin Exchanges

South Korea Will Conduct On-the-Spot Checks of Bitcoin Exchanges   South Korea’s Ministry of Science and ICT and Korea Communications Commission reportedly announced that they will conduct on-site inspections of cryptocurrency service providers including bitcoin exchanges. They will focus on the cybersecurity of these providers and their compliance with privacy laws. The Korea Communications Commission…

ViaBTC leaves China

Chinese Exchange ViaBTC Plans to Shift Offshore Amid Government Crackdown

Chinese Exchange ViaBTC Plans to Shift Offshore Amid Government Crackdown   ViaBTC, a large Chinese cryptocurrency exchange announced its plans to open another platform based outside the mainland of China as they face pressure from the government who have cracked down on exchanges and ICOs. The exchange is urging its customers to withdraw their coins from the platform…