Bitstamp Acquired

• Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC
• The Korean government made waves last year when it moved to ban initial coin offerings from taking place in the country.
• Blockchain payments startup Ripple Labs has hired former Google executive Amir Sarhangi as its vice president of products.
• After nearly two weeks stagnating at around $6,400, bitcoin has finally made a move – to the downside.
• Cryptography startup StarkWare just closed a $30 million equity funding round led by Paradigm and featuring a number of other major investors, according to an announcement made Monday.

Late Confirmation is a CoinDesk production.

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