It was another week at the speed of crypto, as episode 81 of The Wild West Crypto Show got underway. Broadcast from Kerrville, Texas, the weekly review of all things crypto is designed to entertain and educate, as well as keep viewers abreast of the latest developments in the space.
The first guest on the show was Horizen Labs CEO Robert Viglione, who tuned in from Italy. Viglione wants to flip the old Silicon Valley business model – giving consumers a free product then taking all their data – upside down. He’s building a system that allows consumers to get paid for their data. Horizen Labs recently raised $4 million in a seed-funding round – double the amount it was hoping for. The company (http://nnw.fm/dc4cE) will use the cash to “offer… a proprietary sidechains-as-a-service platform it says removes the need for entities to spend their resources on development and allows for quicker deployment of existing systems using pre-built functional sidechains.”
Meanwhile, San Francisco-based startup Layer1 has thrown down the gauntlet to China. The company announced that it has raised $50 million from PayPal magnate Peter Thiel and others to move forward with its plan to make Texas the global hub of Bitcoin mining (http://nnw.fm/8kNtm).
On Capitol Hill, Mark Zuckerberg got into hot water when he appeared before the House Financial Services Committee. The Facebook CEO was criticized by members of the panel, who are concerned that the company’s proposed cryptocurrency, Libra, could trouble the global financial system (http://nnw.fm/lLGP9).
Jonathan Keim, communications director of CryptoCurrencyWire (CCW), called in with his weekly update. First off was the announcement that Europe’s most-trusted crypto and precious-metal companies are partnering to create a gold token secured by Bitcoin Network (http://nnw.fm/7w0AC). A consortium comprised of CoinShares, Europe’s largest digital asset manager; Blockchain, provider of cryptocurrency products including the world’s most popular crypto wallet; and MKS (Switzerland) SA, the international precious metals trader, announced that, after two years in development, it has launched the DGLD network with more than $20 million in gold digitized. DGLD will be a digital asset (token) that represents and verifies ownership of physical gold.
In other news, Grayscale Investments announced approval of public quotation for eligible shares of Grayscale Digital Large Cap Fund (http://nnw.fm/hQ049). Grayscale Investments, the world’s largest digital-currency asset manager, has received approval from FINRA to have shares of its Grayscale Digital Large Cap Fund (DLC) publicly quoted, under symbol ‘GDLCF’, on the OTC Markets. GSLCF will be the first publicly quoted security in the United States that derives value from a diverse selection of digital currencies.
Finally, a news release – ‘Miami International Airport Gets its First Bitcoin ATM’ – had Drew marveling at how rapidly the news was disseminated by a myriad of outlets. The release spread like wildfire, Keim explained, after the client engaged CryptoCurrencyWire (CCW) to expand the announcement’s reach. Distribution extended to all 50 states in English, plus 20 countries in Latin America with Spanish translation. The release was noted on dozens of prominent news publications that provided in dependent coverage, in addition to CCW’s syndication to thousands of outlets (http://nnw.fm/r3WGf).
For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://nnw.fm/4xkX1
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