Has the Greek Crisis Increased Bitcoin Awareness?
As the Greek Parliament readies to vote on a third bailout agreement today - which would inevitably seal the country's fate within the eurozone - there's still a steady stream of media reports suggesting bitcoin could prove useful to Greek citizens. Although it's difficult to quantify whether the economic crisis has driven Greeks to purchase the digital currency, perhaps the more important question to ask is this: Have recent events even increased awareness of bitcoin in Greece? One man's wish. Nikos Houtas owns Tavern Agelos - a traditional Greek restaurant opened by his father 20 years....
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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....
Bitcoin has enjoyed a pivotal moment, thanks to the ongoing Greek debt crisis, which resulted in capital controls and an influx of funds towards the cryptocurrency. Indeed bitcoin prices have eventually landed back above the $300 mark, following a long period of consolidation around $220 earlier in the year. The prospect of shifting back to a potentially worthless drachma has led several Greeks to move their money to bitcoin, as some websites have offered bitcoin loans and investments while others offered to purchase Greek products using the cryptocurrency. This could allow Greek citizens....
2 April 2016 – Wikileaks has published the transcripts of an IMF teleconference detailing a conversation between two top IMF officials. The transcript details plans to manipulate Greece into accepting “Draconian Measures,” in the words of Greek Finance Minister Euclid Tsakalotos, by manufacturing a financial crisis that affects the nation, and the rest of the European Union through the ECB. Aside from the validations of the core concerns of Cryptocurrency adopters, the leak may be shaping up to be the biggest financial scandal of the year. The transcript reads like a chapter out of the....
With the day of Greckoning looming, xbt.social takes a look at what is at stake in the Greek referendum, its expected outcomes, and the implications for the Euro and for Bitcoin. Greek Debt Crisis Timeline. The Greek Debt Crisis began in December 2009 when several rating agencies including Fitch, Moody's and Standard & Poor downgraded Greece for fear of government defaulting on ballooning debt. Government responded by introducing austerity packages to curb spending on public services. In April 2010 Greece formally requested an international bailout under Prime Minister George Papandreou,....
The bitcoin price surpassed the $300 mark over the weekend reaching its highest level since 10th March at 15:00 (UTC), according to the CoinDesk Bitcoin Price Index. Bitcoin's value reached $300.32 at 09:15 on 12th July, spiking to $313.77 at 14:45 on 12th July. Despite hovering over $300 throughout the whole of Sunday, the price dropped by 4.8% from $304.22 this morning (07:00) to $289.48. Emerging theories. Bitcoin has been touted as a safe haven asset during times of economic turmoil, which, according to some, has seen the digital currency gain increasing momentum in the wake of the....