Although the holidays are now over, the Wild West Crypto Show’s episode 89 definitely had a holiday flair as the popular broadcast got underway against the spectacular yuletide backdrop of the snow-covered Grand Tetons in Wyoming. Taylor kicked off with the news that crypto had “dropped and splattered like a cow patty,” a messy circumstance that may have been the fault of Chinese scammers (http://nnw.fm/8AlqC).
For bitcoin, December was a month of gyrations. From a high of $7,540.87 on December 6, the cryptocurrency fell in one day to $6,615.80 before regaining a perch in the seven-thousands, just a day later, where it remains. Taylor also broke the news that the Federal Reserve was planning to pump close to half a trillion dollars into the repo market (http://nnw.fm/hoT9n). Repo transactions – when the Fed pays cash for high-quality government debt securities – are generally carried out to increase bank reserves, thus making it easier for banks to keep supplying credit to the economy.
Guests on the show included Bo, the crypto seer, who explained the crypto ups and downs. “December 17, 2019, was a major turn for bitcoin,” he said, adding that “folks can expect an ‘epic move’ in bitcoin in the near future, when stocks will move down, while precious metals and cryptocurrencies will move up.”
Also on the show was Ian Kane, COO and founder of Ternio. Ternio may be best known for its pioneering work in digital advertising. The company is developing high-speed B2B blockchain transactions in advertising by using a verifiable and decentralized asset, TERN, which ensures contract terms are met. The London Media Exchange (LMX), a European forwards and options market, has enlisted Ternio to help provide verification and transparency into media costs (http://nnw.fm/z63PX).
Jonathan Keim, communications director of CryptoCurrencyWire (CCW), delivered his weekly news update on the latest and greatest from around the world. First out of the box was the news release titled ‘Forbes Now Lets You Use Cryptocurrency to Get an Ad-Free Reading Experience’. The media giant has announced a program (http://nnw.fm/bLH3B), to be run on the Unlock blockchain platform, that will allow “users to pay a flat fee in ether (ETH) to not see ads on the platform for some time.”
Next up, Keim announced that CryptoCurrencyWire will be the official newswire and media sponsor for Unconfiscatable 2020. The upcoming Unconfiscatable conference, which will take place February 20-21, 2020, at the luxurious D Hotel & Casino in Las Vegas, Nevada, is an elite forum focused on bitcoin (http://nnw.fm/b4XfY). There will be plenty of opportunities for fun as well, including events like the celebrity poker tournament, Bitcoin Carnivory speaker/dinner event, pinball tournament, official conference after-party and more.
In other news, the Maker Foundation announced a $27.5 million sale to Dragonfly Capital Partners and Paradigm. Venture capital funds Dragonfly Capital Partners and Paradigm have acquired $27.5 million worth of MKR, which equates to approximately 5.5% of the total MKR supply. MKR tokens are used to pay transaction fees on the Maker system, a smart-contract platform operated on Ethereum (http://nnw.fm/tO2Yt).
For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://nnw.fm/5pVsv
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