Weekly Cryptalk, Episode #17:
First, a Bitcoin ETF update. Just a week after the Cboe withdrew VanEck and SolidX’s Bitcoin ETF application, the two providers are at it again. They filed a revised version of the application on Friday. We'll talk about the application's timeline for approval or rejection, the changes in the new version of the application and the reasons behind the move to withdraw and refile.
We’ll also look at additional developments in the exchanges world, as Malta based-Binance, one of the top cryptocurrency exchanges by volume, decided to start accepting credit cards for cryptocurrency purchases. We'll explain why the move is controversial, and what Binance hopes to achieve.
As well, we have another victim of the bear market. The NEM Foundation, a community-funded nonprofit established to promote the NEM blockchain (XEM), is in big financial trouble, and could end up going bankrupt. We'll explain why and analyze the implications for XEM the crypto world’s 19th most popular digital currency by market cap, as well as for the industry in general.
Finally, this week, BitGo launched "Wrapped Bitcoin" - an Ethereum token backed by Bitcoin. We'll explain how it works, why they did it, and what BitGo hopes to achieve by creating this cryptocurrency crossover.
Join us each week for a new edition of Cryptalk with Clement Thibault. It’s released every Sunday. You can also find it on Spotify, iTunes, or your favorite podcasting service.