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Donald Trump beats the corrupt U. China is crumbling under its own weight. Bitmain is going to build a massive Bitcoin mining facility in China. Rumors about China studying way to limit Bitcoin transactions. Tesco Bank suffers a hack that effects 20, accounts. Alt-coins and their often brief lifespan. Arcade City founder Christopher David steps down. Darren Tapp is recovering from the election day madness; he will be back in studio soon!
LBRY is a blockchain based content distribution protocol. Be sure to listen in to the whole podcast to get more information, insights, and thoughts on each of them from JJ, Randy, and Jeremy! This is important to note as many media outlets were directed by or working with the Democratic National Committee. In effect, these so-called news sources were actively trying to manipulate the public discourse and even assert fact where there was only fiction.
In some cases polls that showed Trump winning were discarded for polls that fit a more preferable political narrative. WikiLeaks has shown more clearly than ever before that the U. Just as the division and anger over the campaign has eroded the idea that America is united, the revelations that media outlets colluded with Clinton erodes the value and trust that Americans place in news sources. Let me be the first to declare that the mainstream media died with the Clinton dynasty.
Markets responded to election news last night with shock and the first movers were Futures Markets with the Dow Jones 30 Futures dropping more than points in the first four hours as the world realized that Trump was going to win.
The same futures market rallied points as of Wednesday afternoon. Treasuries are in the midst of a sell off with the 30Y UST yield rising from 2. The 10 year bond yield went from 1. Isis and Clinton Foundation are both funded by Saudi Arabia and Qatar Wikileaks has been releasing more and more damning emails from Hillary Clinton and her campaign manager John Podesta.
This is important because the U. A Reuters investigation found that at least eight other countries besides Qatar—including Algeria and the U. Pay to play, much? The Great Fall of China? We have been reporting on the fall in value of Chinese Stock markets and Yuan since the beginning of the year.
Recently the ruler of China, Xi Jinping, has been consolidating power and ensuring his continued control of the Communist Party of China. Xi has been shoring up support by replacing existing ministers with party members who are more loyal to his rule. Hong Kong has been a casualty in this power grab. Two recently elected pro-independence activists included defiant, anti-China statements during the oath of office for the Hong Kong legislature.
China has blocked the activists from taking their seats in Hong Kong, causing an uproar and ticking off a series of pro-democracy protests. Presidential election was heavily censored in China with state-run TV stations directed to focus on U. Dollar exchange rate has fallen to new lows.
Capital controls are nothing new to China and the latest news is that regulations surrounding insurance have tightened preventing Chinese from buying some foreign insurance products, which has become a stealth loophole to move capital out of mainland China.
Hong Kong has seen a surge in Insurance sales as a result. Asian market like those worldwide are in an uncertain position given the erratic behavior of Trump. Stock markets initially responded accordingly in the U. A tyrannical ruler tightening his grip on a weak economy with a failing currency and a housing bubble ready to pop — sounds like a recipe for disaster.
All but 16 countries and three U. Sign-up requires a photo of a passport, a selfie with the passport and a third form of ID. Bank wire and credit cards are the ways one can deposit and withdraw from the exchange. They are expanding their mining operations to include a massive new data center.
The space is 39, sq. Besides the ASICs, Bitmain has also helped design dust prevention and cooling systems for the new location. A recent ZeroHedge article reported that Chinese regulators were allegedly studying ways to limit Bitcoin transactions that take funds out of the country. The ZeroHedge piece cited a Bloomberg article, but provided no link to it and no such information could be found on the Bloomberg website. But even if regulations prove difficult to enforce, if penalties are harsh enough, a chilling effect could be created by any government.
The results were less than pretty, with the value of many alt-coins going precipitously downhill. David will move onto another venture called Arcade City, Inc that he says will be an optional service partner in the Arcade City ecosystem. LBRY is a blockchain-based content distribution protocol… a decentralized, community-controlled open-source YouTube of sorts.
We just like to report the news and share things that we feel are important, fascinating, or otherwise interesting. We encourage healthy skepticism, critical thinking, and independent research. Your email address will not be published. Notify me of follow-up comments by email. Notify me of new posts by email. All this and more on Neocash Radio episode here on Wednesday November 9th, ! Previous Post YouTube channel launched! Video podcasts coming soon! Leave a Reply Cancel reply Your email address will not be published.
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