Hodler's Digest, Jan. 21-27: Top Stories, Price Movements, Quotes and FUD of the Week

The Chicago Board Options Exchange's BZX Equity Exchange has withdrawn its request for a rule change from the United States Securities and Exchange Commission in order to list its Bitcoin exchange-traded fund.

Bank of International Settlements Believes Bitcoin Must Depart from Proof-of-Work.According to new research from the Bank of International Settlements, Bitcoin's problems can only be solved if the cryptocurrency departs from a proof-of-work system.

Bithumb Crypto Exchange Looks to Reverse Merger to Take Company Public in US.Blockchain Exchange Alliance, a Singapore-based holding firm that has a controlling stake in crypto exchange Bithumb, is looking to acquire a publicly traded company in the U.S. According to media reports, Blockchain Industries - a publicly traded company - has signed a binding letter of intent with the Blockchain Exchange Alliance, which would in effect be the first instance of a crypto exchange going public if the reverse merge proves to be successful.

An unnamed source added that the combined company plans to eventually "Uplist" from the OTC markets to the New York Stock Exchange or Nasdaq.

Most Memorable Quotations"The next bull run will decide which public blockchains persist for the next 100 years. I believe Bitcoin is currently the *only* sure thing," - Alistair Milne, United Kingdom-based investor and entrepreneur.

"1) Either the innovation finds practical utility followed by years of steady and sustainable commercial progress and integration into the economic fabric; or.2) The invention fails to achieve broad adoption and its commercial applications as medium of exchange are limited," - Adena Friedman, president and CEO of Nasdaq Inc."When it shot up high, I said I don't want to be one of those people who watches and watches it and cares about the number. I don't want that kind of care in my life Part of my happiness is not to have worries, so I sold it all and just got rid of it," Steve Wozniak, Apple co-founder, on selling all of his Bitcoin.

FUD of the WeekNew Research Indicates $16 Million in Cryptocurrency Stolen in Cryptopia Hack.According to an analysis by blockchain infrastructure firm Elementus, as much as $16 million in Ethereum and ERC20 tokens was stolen in the recent hack of New Zealand exchange Cryptopia.

The exchange had originally reported that the losses were significant, without naming a specific number.

Along with six other accomplices, Stefánsson received jail time after being convicted of the theft Bitcoin mining equipment reportedly worth $2 million, as well as two other attempted heists that took place December 2017 and January 2018.

After a series of controversial figures have left mainstream crowdfunding sites in favor of raising money through cryptocurrency, Cointelegraph examines how the move to crypto works for both the creators and the crypto alternatives.