Bitcoin in the Headlines: More Hot Air for Greece
Bitcoin in the Headlines is a weekly look at bitcoin news, analysing media coverage and its impact. This week was by no means the first time the mainstream media has connected Greece's looming debt crisis to bitcoin. As the country gets to grips with the controversial bailout referendum that will decide the country's future in the eurozone this Sunday, the media has taken its coverage of the digital currency to a whole new level. At the time of publication, a quick Google news search resulted in over 100 articles. Given the country's cashflow restrictions and bank closures, journalists....
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Greece faces a €1.5 billion payment to the IMF expires on June 30, and to make matters worse The Eurozone portion of Greece's €245-billion bailout expires on the same day. This huge debt and interest is totally unsustainable for Greece to maintain and Greece has no more to give. This could mean Greece exclusion from the Eurozone. Would it be a good idea for Greece to renounce the euro and adopt bitcoin? This would mean giving up their sovereign monetary policy. However, the finance minister of Greece, Yanis Varoufakis, believes that because Bitcoin is deflationary, it would be bad for....
Bitcoin in the Headlines is a weekly analysis of bitcoin media coverage and its impact. The fires of one of bitcoin's hottest recurring debates raged on this week, with the digital currency's potential use case as a safe haven asset during times of economic crisis taking the forefront amid continued struggles in the eurozone. The focal point of the media's attention, as with last week, was Greece, a beleaguered nation suffering the effects of economic uncertainty, with reports attempting to discern if and how the digital currency was playing a role in this larger narrative. Not up for....
The Greek crisis and the prospect of Grexit - the exit of Greece from the Eurozone and perhaps even from the European Union - continue to make headlines. The government of Alexis Tsipras and his euro-skeptic, anti-establishment party Syriza, is trying to negotiate solutions for the struggling economy of Greece that would keep the country in the E. U. and the Eurozone, but the worst-case solution - Grexit - continues to be seen as a perhaps inevitable alternative option. Greece's Finance Minister Yanis Varoufakis wrote a blog post in February proposing a similar IOU-based currency, which he....
Greece, one of the world’s regions that was known for ratio, philosophy and mathematics in the ancient world is under siege. These days, Greece and the lending/repayment actions are daily in the news. A lot of people are getting worked up about the EU, the European central bank, Germany, Belgium, lending policies etc. and “the poor Greek people”. To understand the EU viewpoints on Greece, just or not, and Greece itself we will have to go back in time. In the second part, we will discuss the benefit of blockchain like technologies and Bitcoin. To understand the current crisis in Greece, we....
The results of Sunday's elections in Greece brought the left wing party Syriza a breath away from an absolute majority. The party was 2 seats away from getting the 151 required in order to form a government of its own. The government was formed in cooperation with the party Independent Greeks that won 13 seats in the parliament. Besides all that, what does a left wing government really mean for bitcoin in Greece? What things are like in Greece. It's quite well known that Greece is in an economic crisis. Not many things have changed from the time Greece became insolvent back in 2010. The....