Wild West Crypto Show Monitoring Developments as IRS Invites Crypto Firms to Summit

Episode 97 of the Wild West Crypto Show marked another wild week in crypto land, with new developments unfolding at breakneck speed. The show, hosted by Drew Taylor and Brent Bates, is meant to entertain and educate while also keeping the crypto community informed about the latest trends and happenings in the space.

This episode’s news focused on the IRS casting a wide net over the industry. The government entity invited cryptocurrency companies and advocates to its headquarters in Washington D.C this week for a summit. The agency says it wants to “balance taxpayer service with regulatory enforcement.”

Following the IRS discussion, Larry Castro joined as the first guest on the show. Castro is founder and CEO of Stealth Grid, a leading provider of cybersecurity solutions. Joshua Holmes of Sia and Skynet fame also joined the show to talk about ongoing projects.

Jonathan Keim, communications director of CryptoCurrencyWire, tuned in from sunny Hollywood, Florida, with his usual updates. First up was the news that ‘BitGo Acquires Digital Securities Platform Harbor’ (http://nnw.fm/g0oDU). “This is a landmark development,” Keim noted, adding that “what we’re really seeing is the perfect example of traditional finance and blockchain colliding.”

BitGo processes over 20% of all global bitcoin transactions, and the company’s customer base includes some of the world’s largest crypto exchanges. Harbor provides a platform, now on the Ethereum mainnet, that tokenizes existing securities.

In other news, Unstoppable Domains announced the Unstoppable Blockchain Browser (http://nnw.fm/fD4fH), which holds the promise of “opening up the internet.” Unstoppable Domains, a company that creates blockchain domain names, has launched a browser that provides access to a decentralized web. Decentralization not only allows internet users to communicate without going through an intermediary such as Facebook but also frees websites from control by state and other authorities.

Finally, Keim referred to a thought-provoking headline, ‘Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status’. In an intriguing discussion, one influential figure in the blockchain space argued that fears cryptocurrencies will undermine the dollar’s position as a reserve currency are unfounded (http://nnw.fm/bAu3T).

For the latest episode, which includes CryptoCurrencyWire’s ongoing segment featuring the latest news from around the world, visit http://nnw.fm/N9K6l

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