VHCEx Newsflash

CBOE withdrew Proposed Rule Change to list SolidX and VanEck ETF

According to a notice released by SEC, CBOE has withdrawn the VanEck and SolidX ETF application. Here is the timeline of the ETF:
_ On June 20th, 2018, CBOE filled the ETF application to SEC issued by SolidX and VanEck.
_ On August 7th, 2018. SEC released a notice stating that they will need to prolong the approval.
_ On September 20th, 2018, SEC instituted proceedings to determine whether to approve or disapprove the proposed rule change.
_On December 6th, 2018, SEC kept prolonging the the proceed.
_ On January 22nd, 2019, CBOE withdrew both ETF applications.

For now, Bitcoin may looks like a bad investment as the bear has been destroying the market for almost a year. Additionally, the ETF withdrawal could be due to Trump shutting down government, thus making both VanEck and SolidX believe that their ETF may take even longer than they expected. However, ETF is not the only leverage to propel BTC. Bakkt is still here with us. On a side note, this ETF withdrawal can be marked as a sign of the next phase of capitulation. So a dump in the next few days could be possible. Therefore, we think that a stablecoin could be a perfect solution in the upcoming days.

Binance data breached

A recent report by CCN shows that many customer data are in danger as a hacker claimed that he was able to obtain the KYC files. However, the news turn out to be fake as the global PR Binance manager told Decrypt that the system is safe and there weren’t any breach in the system. No customer data was extracted nor stolen from the server. Since then, CCN has declined to comment. https://decryptmedia.com/4609/binance-kyc-data-breach
https://www.ccn.com/hacked-customer-data-from-world-leading-cryptocurrency-exchanges-for-sale-on-the-dark-web/

Rakuten is setting up a new payment subsidiary that supports crypto

Rakuten (aka Japan’s Amazon) will revise it corporate structure and rebrand one of its loyalty subsidiary, Spotlight. Inc into a new entity called Rakuten Payment. Rakuten Payment is expected to live in April, 1st and the subsidiary will also operate a cryptocurrency exchange. https://cointelegraph.com/news/japan-e-commerce-giant-rakuten-to-move-crypto-exchange-to-new-payments-subsidiary

Cryptopia may have lost $16 million during the breach

On January, 21st, Elementus released a report analyzing the details behind the Cryptopia exploitation. It is estimated that $3 million of ETH, $2.5 million of DCN, $1.9 million of SHL (Oyster Pearl), etc were stolen. Additionally, most of the stolen funds ended up in Bibox and Binance. However, Binance has frozen the stolen funds. The full report can be found here: https://elementus.io/blog/cryptopia-hack-transparency/

PowerLedger made a deal with Japan green energy supplier

According to their recent blog, PowerLedger has signed a deal with SharingEnergy to monetize solar energy. To begin with, PowerLedger will allow the company to track green energy consumption from 100 customers in Kansai, Chubu and Kyushuu. Additionally, it is expected that the project will grow from 100 customers to 55000 customers in 2020. This is what we call mass-adoption! https://medium.com/power-ledger/power-ledger-sharing-energy-japan-peer-to-peer-trading-60683c60b57d

That's for today, folks. Stay safe and keep hodling!

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Yours,
VHCEx team. Enjoy your fee-free trading.