Greece is not Buying Bitcoin
There are many factors to consider when monitoring the value of something such as Bitcoin. There is a certain psychology of markets that must be understood before making too many predictions. One is that positivity breeds more positivity. When people are feeling good about Bitcoin, they place more buy orders for it. When they are feeling negative or less hopeful about Bitcoin, they place more sell orders. Either case can affect the price in a significant way. There are many, surprisingly in wider mainstream outlets, who have attributed the recent relatively small gains of the Bitcoin....
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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 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....
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....
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....