Bitcoin Cash has a hard fork changing the Difficulty Adjustment Algorithm. The central banks are interested in issuing their own cryptocurrencies. Singapore is especially interested in a crypto version of the Singapore Dollar.
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 Pedro and JJ!
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|Traditional Financial Markets||Cryptocurrency Markets|
|Gold $1,278||SegWit (SW) $7,314|
|Silver $16.99||Ethereum (ETH) $331|
|Oil $55.28||DASH $421|
|Dow Jones 23,271 points||Litecoin (LTC) $63.62|
|30Y UST Yield 2.766%||Bitcoin Cash (BCC) $1204|
Bitcoin Cash Price Spike and Upgrade
With SegWit2x cancelled, Bitcoin Cash price spikes to $2,600 before settling back to the $1,300 along with Bitcoin price to dropping from $7,800, touching $5,500, before climbing back over $7,100.
On Monday Nov 13th, Bitcoin Cash hard forked to change the currency network Difficulty Adjustment Algorithm to reign in the large swings in mining difficulty.
The change will adjust the difficulty to hashrate to target mean block interval every 10 minutes based on a moving average of the last 144 blocks.
Since the upgrade, swings in mining profitability between Bitcoin and Bitcoin have stabilized.
UBS Head Axel Weber Weighs in on Central Bank issued Cryptocurrencies (ethnews.com)
On November 14, 2017, Axel Weber, the chairman of the Swiss financial institution UBS and former head of Bundesbank, made statements about the opportunities that cryptocurrencies represent and urged central banks to consider creating digital versions of fiat currencies.
In related article from cryptocoinsnews.com, Singapore’s central bank has announced a slew of initiatives during the ongoing FinTech Festival, including a partnership with the Bank of Canada on cross-border payments using blockchain.
On the second day of the week-long Singapore FinTech Festival, Ravi Menon, director of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator, spoke at length about Project Ubin – the central bank’s effort to place a tokenized Singaporean dollar (SGD) on a blockchain.
Hive Project special interview!
NeoWare Apparel NeoWare Apparel aims to provide you with the finest crypto-themed clothing and accessories! Is there a certain coin or token you want to see designs for? Email us at firstname.lastname@example.org
An Important Disclaimer
We would like to remind you that any content on the Neocash Radio podcast and/or website should not be regarded as financial or legal advice. Please be mindful of any and all regulations regarding cryptocurrency in your particular jurisdiction. Never invest/gamble more than you are willing to lose and always safeguard any digital currencies you own by keeping them in a wallet whose private keys you control.
JJ – email@example.com
Co-Founder, Producer, Managing Director
Darren – Darren@neocashradio.com
Co-Founder, Technical Writer
Pedro – firstname.lastname@example.org
Ethereum and Crypto-mining Expert
Randy – email@example.com
Former Co-host and Cool Dude
BTC Address: 1MmFwDeZPgxJ4GyzbfmZVLJv3aZcpxSfR5
ETH Address: 0xe4689EF88F239C6eed1Ff262876e2499495c1617
DASH Address: XtLEPo6DKeu45e2czdHLEb5EzJRVDz2aLZ
NXT Address: NXT-TT49-WV65-HZJA-5EJF9
BCH Address: 173ADKUvvRcSmb9tnKiYAMQAoB6RhsgQQd