VHCEx Newsflash

Crypto volume on exchanges has reached new lows in January

On February, 4th, DIAR released a report showing the significant decline in trading volume on exchanges. In November and December 2018, Binance saw a recovery in trading volume but in January, BNB trading volume declined by approx. ~50%. OKEX also lost their 3-month growth streak while Coinbase and Gemini struggle to find liquidity.

Facebook goes for its first in history M&A in blockchain industry

Social media giant (losing its position in these days though, as was showcased in our recent article) Facebook, according to the sources close to the situation, has purchased blockchain startup Chainspace in the frameworks of its first-ever blockchain-related acquisition. The sources say though that it was more of so-called aquihire than aquisiton since the company is more interested in people from the startup to work for Facebook on blockchain-related projects than the products or services of Chainspace themselves.

Swiss exchange SIX will launch a blockchain-powered stock exchange

According to Reuter, Romeo Lacher, the CEO of SIX said that the company will launch a new stock exchange which will be powered by blockchain in the second half of this year. The new exchange will run hand in hand with the existing platforms. Importantly, the CEO also expresses his fancy in launching an STO.

Bitcoin transactions per day are reaching January 2018 level

Despite the depressing market, Bitcoin transactions do not stop growing. Looking at transactionfee.info, People can see that Bitcoin transactions are rising significantly despite a drop to $3000. Jamesone Lopp, CTO of Casa believes that the market is maturing quickly as various improvements have been implemented to minimise transaction fee and to improve scalability. However, a few skeptic investors believe that whales are accumulating through OTC and sell it on exchanges to suppress the price while others think that the rise could be due to the surging buying volume in Venezuela and other countries.

This fact may be attributed to some delays in deposits and withdrawals on VHCEx

$3.2m of Cryptopia stolen token have been liquidated

In a tweet by Elementus, it was revealed that $3.2m worth of Cryptopia stolen token have been liquidated on various exchanges and the majority of it ended up on Etheredelta, Binance, Bibox, Huobi and KuCoin. However, there are still approx.. $12m worth of token stored in the hackers wallet.

American wholesaler, H&M Distributors, Inc. will accept crypto payments

In a recent press release, H&M Distributors announced that the company will partner up with e-commerce platform Champion to accept crypto as payment. Initially, the company will allow customers to purchase their product with BTC, ETH, LTC, BCH, DASH, XZC, and BCD. CEO of H&M Distributors believes that by accepting cryptocurrency, the company will be able to remove the barrier that prevents international customers to purchase their products.

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