South Korean consortium buys a majority stake in Bithumb for ~$350M
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Bithumb is one the largest Korean cryptocurrency exchange by trading volume. BK Global Consortium signed a deal to buy 50% plus one share of BTC Holding Co., the largest investor in Bithumb. Prior to the deal, BK Global Consortium was the fifth-largest shareholder of BTC Holding Co. This deal solidifies BK Global Consortium's position as the largest shareholder in Bithumb and will be completed in February 2018. (Source: Bloomberg)
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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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