Greece Proved the Value of ‘Financial Systems Not Controlled by Governments’
CoinTelegraph spoke with the CEO of Coinsetter and CAVirtex, Jaron Lukasiewicz, about their new margin trading program, their plans following the purchase of Canada’s largest crypto exchange, and which global city is the real Bitcoin capital. CoinTelegraph: Since we last spoke, you said that “New York is the place to be for Bitcoin.” Many would argue that London has now become the new hotspot for Bitcoin and fintech. Has it replaced NYC? Jaron Lukasiewicz: Coinsetter is currently applying for the BitLicense so that we can continue to do business in New York State. While the regulatory....
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Would switching from the euro to bitcoin be a bad move for Greece? Techcrunch recently posed this question, and while the writer makes some valid arguments, it's quite possible that the entire situation is not being looked at. For one thing, the publication makes it plain and clear that the euro is, at this time, Greece's currency of choice, and that the main problem with it is that Greece cannot print more euros in order to thwart deflation. Only the European Central Bank has the power to do that. The article then suggests that Greece should persuade the bank to print more euros for its....
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....
Anyone with a brain can see the principle of the European Union is not necessarily beneficial to most member states. It is evident the financial sector is still going through a lot of issues as we speak. The next economic crisis may come upon us a lot sooner than most people anticipate. In fact, it appears things will take another turn for the worse where Greece is concerned. Moreover, the country violated the terms of the EU bailout with some of their recent developments. Introducing economic changes in a country suffering a significant crisis is never easy. For Greece, that situation has....
Greece has closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors, The Financial Times reports. The decision comes at the end of a weekend that brought Greece closer to "Grexit" - the potential exit from the Eurozone and perhaps the European Union (EU) itself - and confronted Europe with a serious crisis. The banks in Greece and the Athene Stock Exchange will remain closed until at least July 6, the day after the referendum on the austerity measures demanded by the country's creditors. In the meantime,....