Weekly Cryptalk, Episode #16:
While crypto prices have been trading sideways over the past couple of months, there are still a variety of industry developments worth talking about this week. All three of today's topics have a common thread: the ever-growing interface between traditional finance and cryptocurrency.
First up, privately held Korean exchange Bithumb is working towards a reverse merger with U.S. public company Blockchain Industries, with the goal being to become publicly listed in the U.S. without having to travel the regular, and highly restrictive IPO road. We'll explain what reverse mergers are, talk about the history of the practice in the cryptosphere, and see what needs to happen before you can buy shares of Bithumb shares. (begins at 02:49)
Next, the VanEck/Solid X Bitcoin ETF application has been withdrawn by the Cboe (NYSE:CBOE) before the SEC could make its final decision regarding approval. The issuers promise to come back with a better proposal. What needs to change for an ETF to be approved and when will that happen? (begins at 09:02)
Finally, venture capital seems to be immune to crypto price drops, as the money from VC funds keeps flowing into crypto startups. This week, Japan's SBI Holdings invested $15 million in a San Francisco based crypto wallet startup. We'll list major deals and speak about the ramifications for the industry. (begins at 14:41)
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.