21 Mar '13, 9pm

Digital currency value skyrockets in wake of Cyprus crisis: Bitcoin bubble.

Digital currency value skyrockets in wake of Cyprus crisis: Bitcoin bubble.

The value of the digital currency Bitcoin has appreciated over the last few weeks as monetary worries in Europe drive people to look for alternative places to stash their savings. As at the time of publication, Bitcoin exchanges show steep rises in the trading rates against real-life currencies. Against the US dollar, Bitcoin has risen by over 74 percent at the Bitstamp exchange and it is up over 73 percent against the Euro at Mt Gox market. It has also risen considerably against the Australian dollar. Bitcoin versus A$ at Mt Gox exchange. Source: Bitcoincharts.com The rapid increase in the value of the digital currency is thought to be caused by the Cyprus government intending to tap into bank savings accounts in the island nation to pay off external debt. Bloomberg reports that Spain is seeing a huge increase in the download of Bitcoin apps, as people there fear the Cypr...

Full article: http://www.itnews.com.au/News/337387,digital-currency-val...

Tweets

The euro is down — and Bitcoin, the peer-to-peer currency, is way up:

The euro is down — and Bitcoin, the peer-to-pee...

theweek.com 22 Mar '13, 1am

How Lululemon got kicked in the (butt-baring) pants Today in business: 5 things you need to know Cyprus rejects the EU bai...

Cyprus Crisis Boosts Odd Currency - Bitcoins

Cyprus Crisis Boosts Odd Currency - Bitcoins

abcnews.go.com 23 Mar '13, 12pm

The use of the virtual currency, bitcoins, is one the rise. (Getty Images) Currency markets are keeping close track of Cyp...

Sorry, but Bitcoin isn't a 'currency'

Sorry, but Bitcoin isn't a 'currency'

go.bloomberg.com 21 Mar '13, 10pm

Photographer: Stephen Hilger/Bloomberg News. Unlike Bitcoins, real currency can be used to buy stuff. The most recent perm...

Bitcoin 101: The Digital Currency Revolution [INFOGRAPHIC] via @DashBurst

Bitcoin 101: The Digital Currency Revolution [I...

dashburst.com 21 Mar '13, 1pm

In the digital age, just about everything has gone digital, and that includes currency. If you've dismissed the concept of...

#Bitcoin spikes in value, prompting fears of a new bubble

#Bitcoin spikes in value, prompting fears of a ...

dailydot.com 21 Mar '13, 9pm

Today the digital currency Bitcoin spiked in value, increasing almost 70 percent in two days. Most analysts credit the ong...

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...

#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...

"The best-performing currency year-to-date has ...

abcnews.go.com 23 Mar '13, 2pm

Currency markets are keeping close track of Cyprus' banking crisis and are braced for possible repercussions, but one curr...

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...

Bitcoin Value Hits $70 and Keeps Climbing; Cypr...

siliconangle.com 21 Mar '13, 6pm

Bitcoin has seen a sudden and remarkable boost in value over the past few days that coincides with talks by cash-strapped ...

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...

Digital 'bitcoin' currency surpasses 20 nationa...

foxnews.com 29 Mar '13, 3pm

More than $1 billion dollars worth of a digital currency known as "bitcoins" now circulate on the web – an amount that exc...

Bitcoin Sees Broad Global Adoption of its Controversial Virtual Currency

Bitcoin Sees Broad Global Adoption of its Contr...

brandchannel.com 21 Mar '13, 4pm

Bitcoin , the virtual currency anonymously exchanged through an online peer-to-peer network, has hit the mainstream radar ...

Canadian man to sell house for Bitcoin virtual currency

Canadian man to sell house for Bitcoin virtual ...

bbc.co.uk 20 Mar '13, 5pm

20 March 2013 Last updated at 17:17 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Can...