20 Mar '13, 11pm

Spaniards shield assets in Bitcoin to avoid Cyprus-style bank account grabs

Reason The great Cypriot bank account grab of 2013 may or may not be off. Sure, Cyprus's lawmakers rejected a proposal that would carve a chunk out of the deposits of every depositor in the country, but officials are back for another try. The latest proposal would nationalize the country’s pension funds and steal a little bit less from bank accounts than was originally envisioned. Banks remain closed and funds frozen while the details are worked out. Perhaps unsurprisingly, people well beyond the boundaries of the tiny island nation are scared shitless by the idea that government officials might just help themselves to private savings to pay ill-considered government bills. In just two days, the value of Bitcoins has risen 15 percent as Spaniards convert euros into the digital currency. From Bloomberg Businessweek : Since Sunday, a trio of Bitcoin apps have soared up Spain...

Full article: http://reason.com/blog/2013/03/20/covered-at-reason-247-s...

Tweets

“If you want to get a good sense of the stress ...

businessweek.com 21 Mar '13, 3pm

Since Sunday, a trio of Bitcoin apps have soared up Spain’s download charts, coinciding with news that cash-strapped Cypru...

Bitcoin

businessweek.com 20 Mar '13, 3pm

Since Sunday, a trio of Bitcoin apps have soared up Spain’s download charts, coinciding with news that cash-strapped Cypru...

Is Bitcoin the New Safe-Haven Currency? Bitcoin...

intellihub.com 20 Mar '13, 5am

Is Bitcoin the New Safe-Haven Currency? Bitcoins Surge After Cyprus Bank Raid March 20, 2013 | Filed under: Economics ,Eur...

In Spain, The Bitcoin Run Has Started

zerohedge.com 21 Mar '13, 12am

But the same question has to be asked of Bitcoin as with any other form of currency. If you hold USD's, in the end, your o...

Cyprus Bank Raid Bitcoins: Activist Post Is Bit...

activistpost.com 19 Mar '13, 11am

Is Bitcoin now a safe haven currency? It wasn't long ago when it was considered merely an interesting crypto-currency to b...

Bitcoin set to hit new all-time high on news Sw...

maxkeiser.com 24 Mar '13, 8pm

Not one mention that these US account holders would have been better to be in physical silver and physical gold not at a b...

Would Cyprus be better off calling the European Central Bank's bluff instead of taxing its own savers?

Would Cyprus be better off calling the European...

neweconomics.org 19 Mar '13, 3pm

Cyprus is unusual: a tiny economy – less than 0.2% of the eurozone’s total output - run as a tax haven with gloriously lax...

#Bitcoin emerges as winner in #Cyprus crisis as...

foxbusiness.com 22 Mar '13, 9pm

As policymakers in Europe threaten the sanctity of bank deposits in crumbling Cyprus, the faceless operators of decentrali...

#bitcoin

bloomberg.com 20 Mar '13, 6pm

Worried your government is going to take your savings? There's an app for that. Actually, there's an entire currency: Bitc...

As Cyprus Implodes, Bitcoin Interest Explodes |...

foxbusiness.com 22 Mar '13, 9pm

As policymakers in Europe threaten the sanctity of bank deposits in crumbling Cyprus, the faceless operators of decentrali...

David Kotok–Watch for Bank Runs

investmentmoats.com 20 Mar '13, 11pm

For investors, we would strongly recommend that careful consideration be given to exposures in the Eurozone, the Eurosyste...

Bitcoin interest spikes in Spain as Cyprus financial crisis grows

Bitcoin interest spikes in Spain as Cyprus fina...

wired.co.uk 20 Mar '13, 12pm

If you think your savings are under threat -- from a banking collapse, government seizure or anything else -- the traditio...

How to recover and avoid injures, any advice to give? @compexcoach @procompression @aspaerispivot...

How to recover and avoid injures, any advice to...

skinnyrunner.com 21 Mar '13, 4pm

This is good stuff and everything I went through during my injury. It’s really frustrating and for some reason all you can...

FinCEN, Bitcoin and Zerocoin via @AmerBanker #privacy #bitcoin

FinCEN, Bitcoin and Zerocoin via @AmerBanker #p...

americanbanker.com 21 Mar '13, 1pm

The dangers to financial privacy are monumental. Consider an Obama administration plan to give spy agencies unfettered acc...