Hello everyone. My name is Nick, the host of Sobuka. Welcome to Bitcoin Flash News, a fast recap of crypto currency news taken place in the Southern and Eastern hemisphere that I will be covering with full commentary later on today within this channel. For those already subscribed to my channel, I only alert you once a day. So make sure you check into the channel or blog from time to time for full videos.
South Africa: Risky Business For South African Central Bank To Dish Out Bitcoin
South African Central bank is still trying to weigh in whether they want to involve Bitcoin into its banking system.[1] Still no word on whether they will do so. There is word of them still experimenting on cryptocurrencies in that region to understand it uses and viability. The government hesitancy to fairly state is to make sure payments are not abused and used in money laundering activities.
Nigeria: Maximum Impact Of Blockchain Will Be Felt In Africa, Not In The West: Opinion
Iyke of Coin Telegraph writes how Nigeria will have to be prepared with digital technology adaption as it's a growing wave of disruption to its own financial system.[2] The government of Nigeria and its banking system will have to be prepared on how to handle and adapt to the sweeping changes in the near future with respect to Bitcoin and other cryptos.
North Korea: North Korea Could Be Targeting Bitcoin Exchanges in Hacking Attack
An article from Bitcoin news was released saying that North Korea could be involved in attacks against South Korean exchanges.[3] But what’s interesting, folks in the comments section of the article were asking for proof. People need to keep in mind that if North Korea is supposedly using 1950’s analog equipment, then how can they be involved in these attacks. This should call into more questions.
Costa Rica: Costa Rica Will Soon Have Its First Bitcoin Machine
A Venezuelan company located in Panama called Cryptobuyer will install the first Bitcoin ATM in Costa Rica.[4] These ATMs will allow customers to purchase Bitcoin through a Bitcoin wallet installed on their smartphone. Given that Venezuela has so many economic problems, this definitely sounds like better news to look forward to for businesses in that country.
That is all for today ladies and gentlemen. Once again I will go into detail and commentary on these topics today so check back and forth on this channel. For everyone out there, please consider hitting that Like/Upvote button. If you are new to the show and would like to see more information like this, you can click on the subscribe button or follow me on Steemit. Have a great rest of the day. Thank you for watching Bitcoin Flash!
Nick is a content creator for Sobuka with a background in programming, information technology, finance and digital forensics. He shares interest in cryptocurrencies by reporting on International Affairs. You can find myself, B, and Sarah here from time to time.
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Relevant Sources
[1]. "Risky Business For South African Central Bank To Dish Out Bitcoin." By Darryn Pollock. 08/24/2017.
https://cointelegraph.com/news/risky-business-for-south-african-central-bank-to-dish-out-bitcoin
If you like this article, you may be interested in the following Steemit post & commentary about South Africa by the Sobuka team:
[2]. “Maximum Impact Of Blockchain Will Be Felt In Africa, Not In The West: Opinion." By Iyke Aru. 8/27/2017. https://cointelegraph.com/news/maximum-impact-of-blockchain-will-be-felt-in-africa-not-in-the-west-opinion
[3]. “North Korea Could Be Targeting Bitcoin Exchanges in Hacking Attack.” By Sterlin Lujan. 8/25/2017. https://news.bitcoin.com/north-korea-could-be-targeting-bitcoin-exchange-in-hacking-attack/
If you like this article, you may be interested in the following Steemit post & commentary about Korea:
[4]. “Costa Rica Will Soon Have Its First Bitcoin ATM.” By Laura Alvardo. 8/26/2017. http://news.co.cr/costa-rica-will-soon-first-bitcoin-atm/64873/
If you like this article, you may be interested in the following Steemit post & commentary about Bitcoin ATM installs in South America:
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sorry. it is there now. thank you GreenRun!!!
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Ok. Thank you.
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hi. i made this full Steemit article after you comment. Feel free to check it out.
https://steemit.com/bitcoin/@sobuka/bitcoin-my-thoughts-on-why-monero-and-litecoin-are-up-bitcoin-in-nigeria-news
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Looking it up right now. Thank you.
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cool. please let me know what you think. i am interested to know with personal account what's actually going on in Nigeria with respect to Bitcoin!!
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