Bitcoin and Blockchain Foster the Evolution of Commerce in Greece
With all eyes of the financial world on Bitcoin and Blockchain this year, what should be the legal framework of the new technology entering the official fintech zone? Who will be responsible for any financial losses? CoinTelegraph spoke to key speakers John Jegutanis and George Papageorgiou at the 2nd Athens Summit - The Evolution of Commerce and the Digital Finance Forum 2016 about Blockchain and its contribution to the evolution of commerce. Adoption of Blockchain and Bitcoin in Cyprus and Greece. John Jegutanis, Founder of Coinomi, caused a sensation with his speech at the 2nd Athens....
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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....
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....
Technology could hold the keys to identity theft protection. Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Association, a Chicago-based group focused on regulatory clarity and industry security, U.S. Representative Bill Foster explained the importance of a "secure digital identity." "You can have the most rock-solid cryptographic guarantees of a blockchain or equivalent and it doesn't do you any good if people are fraudulently participating on it under anonymous names," Foster said during his brief speech at the event. He mentioned trading as an example,....
Hours after Greece had officially defaulted on its bailout loan from the International Monetary Fund. Eurozone ministers were already discussing terms of a new bailout loan to keep the country afloat. Officials today will decide whether or not an emergency loan to Greece from the European Central Bank. The meeting where ECB ministers will decide as much is only the first of two meetings that are to happen this afternoon, the other being in regards to Greece's request for a new bailout amounting in nearly 30 billion Euros and lasting two years. Many expect a tidy end to a short-lived crisis....