Report: Major gaming conglomerate Nixon prepares to acquire Bithumb

Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million. Major gaming conglomerate Nexon will not be acquiring leading South Korean crypto exchange Bithumb, as previously alleged in local media.In an email to Cointelegraph, a representative for Nexon said that the firm "has not invested in Bithumb and has no plans to acquire that company." The email clarified that claims to the contrary had resulted from "an inaccurate news account last week." "We cannot comment on the investment plans of other companies," the representative....

Nexon, the South Korean multi-billion-dollar gaming conglomerate, is reportedly planning to buy a 65% stake in troubled crypto exchange Bithumb in a deal worth about 500 billion won ($460 million). ● According to local media reports, Nexon is to buy all the shares owned by Bithumb chairman Lee Jung Hoon, including several others totaling up to 65% of the exchange’s outstanding shares. ● The Tokyo Stock Exchange-listed video gaming giant has since signed a memorandum of understanding (MoU) with the sellers to facilitate the transaction. The MoU was signed at the beginning....

Naver is reportedly looking to strengthen its position in the crypto industry with a potential equity stake in South Korea’s largest crypto exchange. Major South Korean internet company Naver has reportedly begun negotiations to acquire a stake in the country’s largest cryptocurrency exchange, Bithumb.Naver has discussed a potential equity stake acquisition with major Bithumb stakeholder Vidente, local publication the Maeil Business Newspaper reported Monday, citing several unnamed sources.Naver is the provider of South Korea’s largest search engine and Line messenger, and is reportedly....

Per a report from TheBlock, the popular crypto exchange FTX is exploring the potential purchase of Bithumb. The South Korean platform will engross the list of the Sam Bankman Fried company’s recent acquisitions. Related Reading | Epic Games CEO Reaffirms NFT Stance After Minecraft Rejection According to the report, FTX has been in talks to acquire […]

South Korean crypto exchange Bithumb said it will deny access to foreigners unable to verify their identities via mobile phone. The decision comes as the trading platform moves to comply with the country’s updated regulations coming into force later this month. Korean Exchange Bithumb Prepares to Register Under New Rules Foreign nationals who do not pass mobile phone identity verification will not be able to use services provided by Bithumb, one of South Korea’s four largest cryptocurrency exchanges. The platform made the announcement this week as it prepares to follow new,....