“Brazil’s sinking real and quickening inflation are helping the country’s biggest bitcoin brokerage drum up buyers for the virtual currency. Brazil’s real has plunged 9.6 percent in the past three months against the dollar, making it difficult for policy makers to curb inflation despite the world’s biggest borrowing-cost increases. Inflation that accelerated to 5.91 percent in 2013, even after central bank President Alexandre Tombini said it would slow, is adding to Brazilians’ interest in bitcoin, a virtual currency that surged to $1,005 last week on trading platform Mt Gox, up from $15 about a year ago.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 28 times, 1 visits today)
Related posts:
The US government can brand you a terrorist based on a Facebook post
High frequency trader fined more than $3m by regulators
Officer fired after trying to give phony insurance ticket to politician
Police Sergeant Gets Ten Years for Sexually Assaulting Woman in Custody
SS agents camp outside woman's house after dispute with neighbor
How Laura Poitras Helped Snowden Spill His Secrets
Late Marc Rich’s Swiss mansions for sale
Thousands of armed protestors gather at state capitols in pro-assault rifle rallies across the count...
No more beauty contests for kids in France
Where Immigration Policy Intersects with Government Surveillance
Kim Dotcom poised for return with Megaupload successor
Greek teen’s death after argument with bus ticket inspector sparks anti-austerity protests
Peter Schiff: The US debt bomb is going to explode
Trust in Governments Slides to Record Low Amid U.S. Spy Programs
How will Obama defend secret NSA program in court? Letter offers clue.