“An increase in the value of bitcoin, the world’s largest online currency, may fuel concerns that virtual money could undermine the role of central banks. Bitcoin has more than doubled in the past 12 months, strengthening to $16.37 from $5.88, according to data from Mt. Gox, the world’s largest bitcoin exchange. Greater demand for virtual currencies could have a negative impact on the reputation of central banks, according to a report published by the European Central Bank in October last year. Since the report was released, bitcoin has risen more than 55 percent against the dollar and use of the currency has surged.”
Related posts:
Austria, Luxembourg to give up banking secrecy for foreigners
Iranian-Canadians fume as TD closes accounts
Rare trees turned into firewood as Syrian civilians struggle for warmth
Tunisian women ‘waging sex jihad in Syria’
Pentagon to end exclusive deal with RIM’s Blackberry
Cab drivers irate as ban against livery app reversed
Russia to vote on banning U.S. adoptions
Fed Officials Reassess Rate Normalization Amid Global Weakness
Invasive starfish species threatens Philippines coral reef
Snowden leaks now threaten U.S.-EU cooperation on travel, financial data
If "Trump Alone Can Fix It", Why Pass the Buck On Border Separations?
Spain Weighs Home Demolitions as Wrecking Crews on Alert
Jordan says Syrian prime minister has defected with family
Wealthy paid 13% more tax in 2013 on same income as 2012
Solar energy plants in tortoises' desert habitat pit green against green