Tag Archives: Cyprus

Bitcoin Value Soars As Europeans Seek Private-Sector Currency To Protect Their Wealth

Bitcoin Value Soars As Europeans Seek Private-Sector Currency To Protect Their Wealth

Who would have thought, even a few years ago, that something like this would be happening? The cryptocurrency bitcoin is becoming increasingly popular. All bitcoins now in circulation (there are about 10.9 million of them) are now worth more than a billion dollars. The debt crisis in Cyprus is being cited as one of the

Shocker: Interest In Private Sector Currency Spiking In Southern Europe

In Cyprus, government officials desperate to shore-up bloated budgets have been working on ways to raid the bank deposits of their citizens. The most recent plan would have citizens with more than 100,000 euros in deposits take a 30% haircut. Not surprisingly, this has sparked bank runs and all manner of other chaos in Cyprus

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