The Wild West Crypto Show Posits Bitcoin May Benefit from Pandemic | CryptoCurrencyWire on The Wild West Crypto Show | Episode 123
Sep 4th, 2020
Highlights of the show included Jonathan Keim, communications director of CryptoCurrencyWire, who shared an intriguing trio of bulletins in his Weekly News Update. First off was the headline: Blockchange and Gemini Partner in Industry First to Bring Digital Assets to Registered Investment Advisors (http://ccw.fm/lCpXt).
This news brief highlighted the collaboration between these two pioneers that makes it possible for registered investment advisers (“RIAs”) to offer their clients exposure to digital assets, which provides two immediate advantages: Clients’ portfolios can benefit from the continuing upturn in those assets, and clients enjoy a further measure of diversification to their holdings, thus reducing overall risk. Blockchange is a digital asset investing platform for professional wealth managers. Gemini is a cryptocurrency exchange and custodian that allows customers to transact in more than 20 cryptocurrencies, including Bitcoin, Bitcoin cash, ether, litecoin and Zcash.
Next in line was the report that TRON and Waves are partnering on Inter-chain DeFi with Gravity (http://ccw.fm/tdyMj). This partnership between TRON and Waves means that the smart-contract languages of the two platforms will be integrated, which, among other things, will counter fragmentation in the digital asset space. Waves is a blockchain platform on which users can create their own new custom tokens for use in loyalty programs, as in-app currencies and for initial coin offerings (“ICOs”). TRON is a widely used blockchain platform that is particularly well suited to the development of decentralized applications (“DApps”).
Keim’s updates ended with a reassuring news headline for crypto skeptics: The Crypto Phenomenon Cannot Be Ignored, Says US Banking Regulator (http://ccw.fm/mMmoA). Brian Brooks, acting Comptroller of the Currency (“OCC”), is seeing crypto moving further into the mainstream. His take on the crypto scene comes as no surprise. About a month ago, a directive from Brooks made it possible for banks to offer cryptocurrency custody services. The OCC is an arm of the Treasury Department, which charters, regulates, and supervises national banks, federal savings associations and agencies of foreign banks.
“The crypto phenomenon cannot be ignored, especially in a world where 50 million American citizens hold cryptocurrencies and many more millions outside the U.S,” said Brooks. “Lot of people have this stuff, and they have it for good reasons. And we need to make sure it’s accessible to them in the same safe and sound way that they can get the check in their account.”
To view the most recent episode of the Wild West Crypto Show, now on TV in 45 cities across the nation, including its ongoing segment from CryptoCurrencyWire featuring the latest news from around the world, visit http://ccw.fm/gZnPc.