It was a landmark week for the cryptocurrency industry as the king of cryptos marked ten years since Satoshi Nakamoto released the Bitcoin whitepaper. Bitcoin turned 10 on October 31, but there was little to celebrate as the crypto shed close to $200 just a day before its 10-year anniversary. This hasn’t stopped the industry from making major moves, with the South Korean investment firm, NXC kicking off the week by acquiring a controlling stake in Europe’s largest crypto exchange, Bitstamp. The week also saw Coinbase raise $300 million at an $8 billion valuation, Bittrex moved to Malta, Ledger opened an office in Hong Kong to target the Asian market, with the controversial Tether announcing a new banking partner.
The week began with the acquisition of Europe’s largest crypto exchange, Bitstamp, by South Korean tech investment firm, NXC. NXC made the acquisition through its Belgian subsidiary, NXMH. It was the second such acquisition, with the $11 billion-worth NXC having acquired South Korean crypto exchange Korbit in September last year.