“A cottage industry of stores buying and reselling goods online for Bitcoins has emerged, and some high-profile transactions have helped push the currency into mainstream consciousness. One Canadian man reportedly hoped to sell his house for Bitcoins, and a US man claimed to have traded his 2007 Porsche for 300 Bitcoins. The Cyprus banking crisis – which saw the tiny nation agree a bailout deal with the International Monetary Fund, European Commission and European Central Bank that will shrink the banking sector and lead to losses on deposits of more than 100,000 euros – also coincided with a run-up in Bitcoin valuation.”
Related posts:
Secret NSA cybersecurity program to protect power grid confirmed
Russia Threatens To Dump US Treasurys If Sanctions Imposed
Anti-government protest rallies thousands in Tunisia
Money 3.0: How Bitcoins May Change the Global Economy
Tulsa Area Man Beaten, Left For Dead By OKC Police Officers
26 Years of Growth: Shanghai Then and Now
Iran offers state assets to foreigners in investment drive
Companies Cook the Books to Meet Tough Targets: Survey
Federal report: E-Verify errors could wrongly exclude Americans from jobs
Central bank seeks to rein in Auckland housing market
John McAfee reveals details on gadget to thwart NSA
Obamacare will question your sex life
Libyan-American Rapper Khaled M Removed From Plane, Detained
NHS pulls the plug on its £11bn IT system [2011]
Revelations of N.S.A. Spying Cost U.S. Tech Companies