Ep192: India Demonetization Linked to Crony Capitalism, People’s Blockchain of China, TREZOR adds Zcash and Dash

Cyren warns users not to fall for malware spam emails. The People’s Bank of China launches a bitcoin/blockchain research institute. 4 arrested in Venezuela for bitcoin mining. The Trump travel ban may affect the future of high-tech talent in the US. Xapo sets up in Switzerland. Trezor adds support for Zcash and Dash. Bitcoin Unlimited releases version 1.0 and sees gains in block support. Megaupload 2 & Bitcache are being delayed. The Corbett Report does a great job looking at the India demonetization situation.

All this and more on the Neocash Radio podcast, episode 192 — Wednesday February 1st, 2017!

We’ve written out short overviews of the topics discussed on today’s show below! Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ and Darren!

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Traditional Markets Crypto Markets
Gold $1,210 Bitcoin (BTC) $976
Silver $17.51 Litecoin (LTC) $3.99
Oil $53.55 Zcash (ZEC) $39.94
Dow Jones 19,890 points Ethereum (ETH) $10.68
30Y UST Yield 3.084% DASH $15.90
Euro (EUR) $1.08 Monero (XMR) $13.10
Chinese Yuan (CNY) $0.15 Augur REP $4.18
British Pound (GBP) $1.27 1 Doge = 1 Doge


Cyren Issues Warning about Fake Bank Transfer Spam

Digital Security firm Cyren has issued a warning about a glut of spam victims. Users are receiving fake emails resembling several banks like Emirates NDB and Singapore bank DBS. The emails include double extension files as in a .pdf.exe and when clicked installs malware in the windows startup folder. Everytime the computer is run a keylogger and mouse tracker are executed by the malware itself.  This must be an old version revived as it also looks for crypto-currency wallets to steal. The list is a throwback to the coinscape from back when we started this show in 2013.

Anoncoin, BBQcoin, Bitcoin, Bytecoin, Craftcoin, Devcoin, Digitalcoin, Fastcoin, Feathercoin, Florincoin, Freicoin, I0coin, Infinitecoin, Ixcoin, Junkcoin, Litecoin, Luckycoin, Megacoin, Mincoin, Namecoin, Phoenixcoin, Primecoin, Quarkcoin, Tagcoin, Terracoin, Worldcoin, Yacoin, and Zetacoin.

People’s Bank of China Launches Digital Research Institute

PBoC department of technology director Li Wei announced that the PBoC is looking to form a research institute focused on researching Blockchain and digital currencies to ensure the potential of Blockchain technology is fully maximized within the Chinese financial scene.

4 Arrested in Venezuela in Connection to Bitcoin Mining

Large Companies Speak Out Against Trump Travel Ban

Bitcoin Wallet Xapo Chooses Switzerland for HQ

Xapo received “conditional approval” from the Swiss government to at as a financial go-between with regards to its wallet service. This is a noteworthy milestone as Xapo was spared from having to secure a banking license and deal with the red tape. More wallet businesses may look to make Switzerland home if this deal works out well.

Perhaps along a related note Xapo’s Know Your Customer policies have been causing some outrage. Apparently they have recently introduced a 6 step KYC process for even simple tasks like withdrawing bitcoins from your wallet.

TREZOR hardware wallet adds support for Dash and Zcash

Currently the hardware can only support T-addresses for Zcash due to the limitations of the device given the requirements of Z-addresses.

Bitcoin Unlimited releases version 1.0

The Bitcoin Unlimited blocks are being mined more frequently driving past 20% of the last 1000 according to NodeCounter. SegWit is sitting at around 23%. More recently a bug within the BU clients caused an unintentional hard fork by creating a block just slightly over 1 MB.

Megaupload 2 Delays

After a failed merger with Canadian company SecureCom Bitcache is being delayed. Kim is still hyping it up and telling folks that if they don’t have some bitcoin to “go get some” because Megaupload 2 with Bitcache is going to be a game changer. We have yet to see any real data to back this up.

Demonetization & You Video by Corbett Report

This episode does a great job examining the cash crunch in India. I suggest you watch the video for yourself but the cliff notes suggest that the Obama administration was a big player as well as Master Card, Visa, USAID, the Bill and Melinda Gates Foundation among others. The end game is a full digitization of of the economy with the ultimate removal of cash and instead relying on biometric identification. Factor in an effort to collect fingerprints and iris scans of all 1.28 billion residents of India. What could be so bad about that?

Want to learn more about Bitcoin, mining cryptocurrencies, and blockchains? Check out our intro video: “Decrypting Bitcoin: Blockchain Technology Explained”

We will be producing more in-depth videos to explain Ethereum, Dash, and the Federal Reserve soon! We’re also building a video podcast room here at Neocash Radio HQ! Until that’s finished, we’ve started uploading our audio feed to our new YouTube channel! We hope to have video added to the podcast by spring 2017! Construction is moving along nicely!

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