Bitcoin. Charlie Lee. Litecoin. Bread (BRD). 0X. Korea. Venezuela. ...

Hello everyone. This is Brian. The full team is finally back at Sobuka. Hope everything has been going well on your side. We have some quick news to cover. We will start with the important headline for today and then work towards the south hemisphere.

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Charlie Lee. Bitcoin and Litecoin Going Higher. Bread (BRD). 0X Protocol

We will start with some really quick headlines before going deep into the news. Let’s start with Charlie Lee, the founder of Litecoin. Charlie Lee is still very bullish on both Bitcoin and Litecoin for the long term. Next the founder of Bread, the banking wallet is experiencing growth in both hiring and the use of their online app. They are hinting of a partnership coming soon this year. Nick will cover this token and some of our favorite tokens on Sobuka so look out for those. Still the overall crypto market is down due to the amount of FUD from India and China. However on a positive note most people in the crypto space are very positive on the long term success of Bitcoin and just buying the dips. Next Look out for some interesting things coming from the Zero-X protocol. This bunch of smart guys are coming out with some very distributive concepts in the cryptocurrency market this year. Next we will jump into some southern international news.

India and South Korea

Both India and South Korea have brought this market down with a whole bunch of fake news. Both countries are not banning cryptocurrencies so relax guys. One of India’s officials have stated, “The government does not recognize cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these crypto-assets in financing illegitimate activities or as part of the payments system.” So honestly guys it’s quite confusing what India is trying to do. So just relax because India is not even a big player in this market. They have mentioned so many bad news like this before in the cryptocurrency market since last year. South Korea on the other hand in okay with cryptocurrency and definitely not banning anything.

Nigeria

Next flying south we head to Nigeria. The Senate of Nigeria is launching a probe on Bitcoin trading in the country. Basically the Nigerian government wants to know how to control its uses and with that said we can definitely expect some tax controls from West Africa such as in America and Europe. The Deputy Senate President has come out to say the following: “The Committee on Banking and Other Financial Institutions received two weeks to investigate the viability of Bitcoin as a form of investment and come up with recommendations on how to control its uses and trade”. So that statement is what the Nigerian government has come out with.

Australia and Venezuela

And lastly an article from the Telegraph UK mentions that an Australian airport will be accepting Bitcoin soon at one of its terminals. The deal will let passengers fly in and out of the Queensland capital to pay using the internet-only money in the airport's shops, bars and restaurants. The move is an important stride into the future according to Roel Hellemons, the airport's General Manager of Strategic Planning and Development. And lastly, we have to cover what is going on in Venezuela because it is getting real interesting over there. The government just released their Petro Whitepaper ahead of their ”$5 Billion ICO”. All I can say is that I wish the government the best as they come up with interesting ideas. Alright guys I know this was a lot of news. Please let me know what you think in the comments section.

That is all for today. Sources are below. See you tomorrow.

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 Laura here from time to time.

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Relevant Sources

1.https://cointelegraph.com/news/charlie-lee-bullish-on-bitcoin-and-litecoin-long-term-short-term-impossible-to-predict. Article by Molly Jane Zuckerman.

2.https://www.facebook.com/breadapp/ See 2/2/2018 interview. By Bread on Twitter.

3.https://cointelegraph.com/news/india-bitcoin-prices-drop-as-media-misinterprets-govts-regulation-speech. Article by William Suberg.

4.https://news.bitcoin.com/senate-of-nigeria-launches-probe-of-bitcoin-trading-in-the-country/. Article by Avi Mizrahi.

5.http://www.telegraph.co.uk/travel/news/brisbane-becomes-worlds-first-airport-to-accept-bitcoin. Article by Chris Leadbeater.