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Crypto acquisition – Nexon denied acquisition offer of $350 million

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Crypto acquisition bitstam offered acquisition for Nexon for $350 million recently, but Nexon CEO denies the offer and feels strong alone.

Also read, Largest crypto acquisition

Lee Jung -hun isappointed President and Chief Executive Officer of Nexon in March 2014. Nexon Company is a global video game company that specializes in online games for PC and mobile. It services over 80 titles in over 190 countries.

  • Nexon Headquarters is in Japan
  • Bitstampallows trading between USD currency and Bitcoin Crypto Currency
  • Currency is Bitcoin

Nexon CEO Owen Mahoney spoke passionately about creativity and inspiration but denied consolidation with Bitcoins. As BitcoinExchange has investment in big players and enormous individual but not very unusual ofNexon refused for Bitsamp. Still there are many buyers denies this report and suggestion.

The South Korean politician and a member of the National Assembly and the delegate of Saenuri Party CEO Mr. Lee Jung added that we do not have any plans to link Crypto Currencies with our game business. He announced this statement while speaking at a press conference on Wednesday at the company’s headquarters. He added he has nothing to do with an acquisition of Bitstamp and has no plans to link crypto-coins to our gaming business.

Rumours about Nexon Korea’s acquisition of Bitstamp appear to have begun with a Business Insider report that Bitstamp is on sale and that the South Korean gaming company is on pole position to acquire it. Its easy said that done South Korean gaming company Nexon has rejected speculations it was buying Bitstamp, one of the largest Crypto Currency exchanges in world-wide. Nexon moved their main Headquarters from South Korea to Tokyo and made many companies in Japan. Founded 20 years ago in Seoul. Its parent company, NXC Corporation has acquired a controlling stake in one of Korea’s largest Crypto Currency exchanges. This big company develops application contents and technology for the mobile phone, smart TV, and other portable devices. In addition, it operates Nexon computer museum. Again the founder is Kim Jung-ju.

Even experts says that WWE NXT often referred to simply as NXT which is a professional wrestling part of Bitstamp too.Nxt is a blockchain that aims to improve the functionality of pioneering blockchains like Bitcoin.

  1. NXT/BTC – NxtBitcoin
  2. 00002185+0.00000015    +0.69
  3. GBP/USD -1.3899

The price according to the report is said to be about $350 million, citing two people familiar with the deal. The Tokyo-based operator of the world’s largest Bitcoin exchange, today announced its launch into Europe. Having been granted a Payment Institution it has become the first Bitcoin Exchange to be regulated in Japan, the US and Europe is making the most compliant virtual currency exchange in the world.

Lastly the Crypto Currency exchange business has seen a lot of rapid changes recently, especially in the Far east where established internet conglomerates.Anyone with a keen interest in Crypto Currency knows that Bitcoin miners need a certain value per BTC to break even. In the past week, the Bitcoin hash ratehas begun to grow again. That is not entirely surprising, considering that the value per BTC has been increasing. WithBitcoin becoming more valuable.

Thus Monex Group which is a financial service which is famous in dealing with Online Trading, Brokerage firm, Foreign Exchange, Insurance, Alternative Investment.Monex will provide much needed capital but will decapitate the exchange and replace its head with a more trusted figure from among its own.  This means the company has pronounced to trade with online securities soon in Japan, Tokyo and its subsidiaries are Monex securities, MonexInc, Monec Boom, Monex Boom.


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