“They won’t make a sound no matter how many of them you try to toss in a bucket, and you can’t pitch them in a fountain and wish for good luck. But make no mistake, bitcoins are getting big. The online alternative currency, previously little more than a curiosity in financial markets since its 2009 inception, has zoomed in trading value since the Cyprus banking crisis erupted two weeks ago. With fears spreading that even insured deposits might not be safe in similar nations hit by banking crises, those looking for a haven to store their wealth have fled to the complicated world of digital cash.”
http://www.cnbc.com/id/100597242
Related posts:
Chelsea Manning files bid for Obama pardon
U.S. Risks National Blackout From Knockout Of Nine Power Stations
Kremlin turns back to typewriters to avoid security leaks
Mining the Gobi: The Battle for Mongolia's Resources
Russian Bear stops Finland leaving euro?
On 10th anniversary, Pirate Bay launches PirateBrowser to evade filesharing blocks
Malfeasance at State Police Crime Lab
Thanks, IPhone: Demise of the Desk Phone Means No End to the Workday
Home-schooling family who fled to U.S. from Germany face deportation by Obama administration
NSA surveillance: don't underestimate the extraordinary power of metadata
Taiwanese parents required to stop kids spending time on computers
Citigroup Victim Of $400 Million Mexican Fraud
Nuclear weapon missing since 1950 'may have been found'
Nine charged for giving food to homeless in California
Bitcoin Mining Rush Means Real Cash for Hardware Makers