It’s been another wild week in the crypto space, as Facebook prepares to launch its global digital currency. News of the social media giant’s Libra Coin was the headline topic on episode 66 of the Wild West Crypto Show. Hosts Drew Taylor and Brent Bates didn’t quite know what to make of it, triple-tagging the cryptocurrency as good, bad and ugly. They’re not the only skeptics. Regulators, too, have doubts about Libra, as do its partners (http://nnw.fm/2Mk0I). Such straight shooting is typical of the Wild West Crypto Show (WWCS). From its home in Kerrville, Texas, the WWCS aims to both entertain and educate.
Libra seems to be aimed primarily at the over $600 billion in remittances that makes their way across international borders every year. The media company says that Libra would allow for the storage, delivery and transfer of such funds with minimal transaction fees. To administer the currency, FB plans to create a non-profit organization based in Switzerland. “Just as people can use their phones to message friends anywhere in the world today, with Libra, the same can be done with money — instantly, securely and at low cost,” the company has indicated (http://nnw.fm/zZx2Y).
The first segment of the WWCS featured Samson Williams. Williams is adviser, professor and keynote speaker for the upcoming Coinvention, scheduled for September 20-21, 2019, at the Loews Hotel in Philadelphia. He waxed enthusiastically about the confluence of cannabis, crypto and crowdfunding. As part of Coinvention, his organization will be conducting a masterclass in raising capital for cannabis enterprises using the new SEC pathway – Regulation Crowdfunding (Reg CF).
For his weekly update, Jonathan Keim, communications director of CryptCurrencyWire, zeroed in, first, on the Bitcoin.com makeover. Bitcoin.com is rebranding. The company has adopted a new logo, which it hopes will signal that its platform to buy and transfer cryptocurrencies offers a more equitable financial system.
Keim also talked about Celsius Network’s acquisition of BSave, which is expected “to provide 45,000 new crypto HODLers an easy way to learn crypto.” It’s a good matchup. Celsius is a cryptocurrency lending and borrowing platform, while BSave offers interest-bearing “deposit accounts” for bitcoin.
Last on his list was the launch of Wealthbase, a simulated trading game for individual investors. With Wealthbase, users can create, trade and track portfolios based on real-world securities. The platform could be a painless way for newbies to learn about investing.
For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://nnw.fm/3piQI
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