Crypto Businessman Disappears as ‘First Greek Cryptocurrency’ Collapses
The man who was at the helm of the company behind what’s become known as Greece’s first cryptocurrency has allegedly caused the coin’s price to sink as he disappeared this month. The executive was off the radar for about two weeks before finally telling the press he will soon return, rejecting accusations he has crashed the market of the crypto. Hellenic Coin Plummets Amid Crypto Investors’ Worries About Whereabouts of Coin’s Creator Vangelis Tsapas, someone with various business interests and a sponsor of a basketball team in Greece, upset investors in....
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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....
Presently in a National Park, Mount Olympus, was at one time home to some of the most powerful Greek gods. According to ancient Greek legend, the mountain Olympus was built after the younger gods defeated the titans in the battle for control of the world. The peaked mountain, according to experts, was created to hide […]
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....
In Athens, three Greek banks have been extorted by malicious hackers for the sum of 15,000 Euros to be paid in Bitcoin by November 30, 2015. The group Armada Collective threatened these institutions with the use of a Denial of Service attack or a DDOS. With a warning to the banks, the perpetrators seemingly were able to knock out electronic services temporarily. The Bank of Greece told the press it was a “serious threat” as they reported counter initiatives would be deployed. eKathimerini.com was the first to break this story with a few statements from the Greek banks told to Kerin Hope....
Early this morning European time, Greek financial ministers and Eurozone representatives reached an agreement after an all-night negotiation session. The deal will last three years and amount to $94 billion. "The institutions and the Greek authorities achieved an agreement in principle on a technical basis. Now as a next step, a political assessment will be made," said Annika Breidhardt, a European Commission representative. Also read: How Bitcoin Could Prevent a Future Greece. The biggest issues discussed revolved around Greek institutions not properly servicing their receivables, the....