Bitcoin Flash. Nigeria. Kenya. Australia. South Africa. Tanzania. China

Fast News About Nigeria, Kenya, Australia, South Africa, Tanzania and China. All related to Bitcoin and cryptocurrencies.

Hello everyone. My name is Nick, the host of Sobuka. Welcome to Bitcoin Flash News, a fast recap of cryptocurrency news taken place in the southern hemisphere that I will cover with full commentary later on this week.

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Peru: Surbtc Launches Ethereum and Bitcoin Trading in Peru

Okay so let’s get started...Surbtc a Latin American cryptocurrency exchange has added Ethereum and LiteCoin trading joining yet another Latin American exchange called BitInka this past week.[1] Though trading volume of Ethereum, Bitcoin, and Litecoin are light relative to the US and the East Asian Pacific, I am noticing similar growing trends in 2nd and 3rd world regions. You can check out similar articles about some of the trends that I have documented here: [7][8].

Zimbabwe & Tanzania: Bitcoin Foundation Boss Urges Cautious Investment

Next...The head of the Bitcoin Foundation, Llew Claasen has urged people to invest “no more than they can afford” in cryptocurrencies[2]. He was speaking at a TEDGlobal conference in Tanzania about the potential for Bitcoin in Africa. I have to agree with him. With so much investment in cryptocurrency technologies in Africa, folks please move cautiously.

Kenya: Bitcoin Payments Firm BitPesa Secures Greycroft As Lead Investor For $10 Million Total Funding.

Next... An article about Kenya reads “Bitcoin Payments Firm BitPesa Secures Greycroft As Lead Investor For $10 Million...”[3] For people who do not know BitPesa, they enable companies to make payments to and from Africa. This move comes at a time where cryptocurrencies is becoming more popular in Africa where people use it as a means to trade, given how their local currencies is more suspect and inflated. If you have being paying attention to my channel, this move should not be a surprise as a few more cryptocurrency exchanges have recently jumped into the African landscape in the past several months. You can check out similar articles about some of the trends that I have documented here: [7][8].

South Africa: Why You Pay Up To 35% More for Bitcoin in South Africa

Next...Apparently in South Africa, people are paying up to 35% more for Bitcoin.” The reason is due to supply of Bitcoin.[4] So, what buyers have to do is make deals with sellers for Bitcoin at a higher premium. I understand this is bad news for buyers out there. Issues like this in a “free market” should foster more competition. Please research other exchanges out there. If Internet access is not reliable, then go old school by asking around.

South Asian Pacific: East Asia’s “Ghost Month” Scare May Explain Flat Trading in Certain Altcoins

Apparently...there is something called the “Ghost Month” in the Asian Pacific, particularly around Buddhists areas where stock market trading is slow during this time of the year.[5] We are in “Ghost Month” season says Lisa, a writer for Bitcoin News. She comments how Asian cryptocurrency companies like NEO, OmiseGo, and TenX are noticing low volumes. ...very interesting read.

Australian Government: Bitcoin Is Causing Organized Crime to Proliferate

And lastly the Australian government report cites that cryptocurrencies is responsible for an increase in organized crime.[6] This is quite confusing to me coming from Australia. One day you hear of Australians trying to make Bitcoin a currency and the next day you hear something like this.[9] It goes to show you that we are still living in a very indecisive Bitcoin world.

That is all for today ladies and gentlemen. Once again I will go into detail and commentary on these topics for the rest of the week. 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 via YouTube or follow me on Steemit. Have a great rest of the day. Thank you for watching Bitcoin Flash!

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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]. "Surbtc Launces Ethereum and Bitcoin Trading in Peru.” Samuel Haig. 8/21/2017. https://news.bitcoin.com/surbtc-introduces-ethereum-and-bitcoin-trading-in-peru/

[2]. “Bitcoin Foundation Boss Urges Cautious Investment.” Jane Wakefield. 8/29/2017. http://www.bbc.com/news/technology-41080478

[3]. “Bitcoin Payments Firm BitPesa Secures Greycroft As Lead Investor For $10 Million Total Funding.” 8/30/2017. https://www.forbes.com/sites/laurashin/2017/08/30/bitcoin-payments-firm-bitpesa-secures-greycroft-as-lead-investor-for-10-million-total-funding/#6d5e8af66066

[4]. “Why You Pay Up to 35% More For Bitcoin in South Africa.” Ghost Writer. 8/27/2017. https://businesstech.co.za/news/finance/194548/why-you-pay-up-to-35-more-for-bitcoin-in-south-africa/

[5]. “East Asia’s “Ghost Month” Scare May Explain Flat Trading in Certain Altcoins.” Lisa Froelings. 8/28/2017. https://cointelegraph.com/news/east-asias-ghost-month-scare-may-explain-flat-trading-in-certain-altcoins

[6]. "Australian Government: Bitcoin Is Causing Organized Crime to Proliferate." Sterlin Lujan. 8/28/2017. https://news.bitcoin.com/australia-believes-bitcoin-is-causing-organized-crime-to-proliferate/

[7]. "Bitcoin News on Peru Israel Palestine South America InkaPay ICE3X Palestinian pound." BY Sobuka. 7/1/2017. https://steemit.com/bitcoin/@sobuka/bitcoin-news-on-peru-israel-palestine-south-america-inkapay-ice3x-palestinian-pound

[8]. "1 Bitcoin = 2.60 oz of Gold. Australia Venezuela Mexico South Africa India and Kenya." By Sobuka. 8/4/2017. https://steemit.com/gold/@sobuka/1-bitcoin-2-60-oz-of-gold-australia-venezuela-mexico-south-africa-india-and-kenya

[9]. "Bitcoin Silicon Valley May Be Moscow. Australia Legitimizes Bitcoin. Korea Mining & South Africa." By Sobuka. 8/22/2017. https://steemit.com/bitcoin/@sobuka/bitcoin-silicon-valley-may-be-moscow-australia-legitimizes-bitcoin-korea-mining-and-south-africa