Greece, Europe and Bitcoin.
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....
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German Bitcoin Marketplace bitcoin.de has announced to waive its trading fees for Greece citizens. The decision has been taken in the wake of Greece's debt crisis, an event that has propagated Bitcoin as the one true savior that offers people a way to dispose off their cash assets in return for a trustable near-term investment. Companies currently see a potential clientele in Greece and is therefore leaving no-stones-unturned to attract them towards digital currency investments. "As a symbol of solidarity with our partners from southern Europe, we are making an offer to support Greek....
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....
Talks in the Eurogroup took place Yesterday. Greece didn't manage to reach an agreement with its eurozone creditors. Despite its original intentions, Athens rejected eurozone's demands as the Greek finance minister ultimately described them as "unacceptable". In his statement after the Eurogroup, he claimed that the text in the draft shown to him was changed during the Eurogroup meeting with a document he could not accept. The creditors really have Greece on a tight leash as they told Greek officials that they have until Friday to request an extension to the current bailout or Greece will....
Greece has become the first developed country to fall into arrears with the IMF as it missed its 1.6 billion euro payment due Tuesday night. At the same time, several bitcoin companies have been reporting of a massive spike in bitcoin buying and overall interest from all over the Euro zone. A last minute deal failed to be reached and now it looks like talks will be at a standstill until Greece has a referendum on July 5 in which the people will vote yes or no to the terms offered by the EU. By defaulting on the payment, Greece has been added to a distinct list that includes countries such....
As Eurozone leaders reach an agreement for a new bailout of Greece, the prospect of a 'Grexit' diminishes in the short term. After 17 hours of meetings in Brussels over night in Europe, it seems that the most pressing crisis in Europe has been avoided for now. Nonetheless, the economic uncertainty that swept the country increased awareness of Bitcoin. Some businesses were at the center of this increased awareness of Bitcoin in the southern European country. Tavern Agelos, a traditional Greek restaurant, is one of those businesses. The restaurant is an early adopter, and there's perhaps not....