Keeping up with the latest developments in the crypto space can be complicated; make it simpler by tuning in to the Wild West Crypto Show, hosted by Drew Taylor and Brent Bates from their global hideout in Kerrville, Texas. The dynamic duo is dedicated to bringing viewers up to speed on what’s happening in the crypto and blockchain worlds.
On episode 98, the show focused on how the coronavirus is affecting crypto. This time around, Taylor, being under the weather, was MIA, but the show must go on! Bates was alongside guest host Steve Dyer, crypto forecaster Bo Polny and CryptoCurrencyWire Communications Director Jonathan Keim.
The show started with the startling news that China’s currency is going up in smoke – literally (kind of). On Saturday, March 9, the People’s Bank of China, the Chinese central bank, announced that Chinese banks must now disinfect all currency (http://nnw.fm/nd2Pa) by subjecting it to “ultraviolet light and high temperatures, then storing it for seven to 14 days before releasing it to customers.” Cash from high-risk infection areas, such as hospitals and wet markets, may simply be destroyed. China, where occurrences of COVID-19 were first reported, had, by the middle of February, the highest infection and mortality rates in the world.
Keim introduced his triad of newsbreaks with the headline ‘Sazmining Inc. Optimizes Mining Efficiency Ahead of Bitcoin Halving’ (http://nnw.fm/Owy8p). Bitcoin halving – when the reward to bitcoin miners falls to half its current value – is expected in early May, and, as might be expected, mining activities are intensifying. Presently, mining a bitcoin block earns 12.5 bitcoin, worth around $100,000 at current prices.
To allow miners a better chance at gaining that giant gratuity, Sazmining says it is increasing operational uptime for miners. The company provides a comprehensive range of crypto services that includes participation in joint-venture crypto-mining projects, consulting services and treasury-management facilities.
Another welcome news story was the announcement of a ‘New Onboarding Platform for Crypto.com Pay Checkout Merchants’. The new platform will allow merchants to offer their customers the option to pay with cryptocurrencies such as BTC, ETH, XRP, LTC and CRO using Crypto.com Pay, an online payment solution powered by the Crypto.com Chain. The Crypto.com Pay Checkout solution is now available in the form of a simple e-commerce platform plug-in. To celebrate the launch of the new payment solution, merchants signing up will enjoy a settlement fee waiver for six months (http://nnw.fm/0c3V2).
Finally, Keim broke the news that fintech NIGMA Conseil and Austrian Institute of Technology (AIT) are strengthening their collaboration on blockchain forensics (http://nnw.fm/y6iRu). French fintech company NIGMA Conseil is collaborating with AIT, Austria’s largest government-owned research entity, to develop defenses against cryptocurrency and financial crime. The two organizations have been working together for several months to enhance the e-NIGMA platform’s blockchain analytics and anti-money-laundering (AML) capabilities, building on AIT’s open-source, cryptocurrency, forensics platform GraphSense.
For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://nnw.fm/S4Pfu
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