28 Mar '13, 2pm

This Story About A Bitcoin ATM Coming To Cyprus Is Almost Certainly Nonsense

This Story About A Bitcoin ATM Coming To Cyprus Is Almost Certainly Nonsense

There's been a story circulating this week that the first-ever 'Bitcoin ATM' will be installed in Cyprus to capitalize on the country's financial meltdown. We'll spare the names of those who've been sharing and Tweeting this "news"... But this is not news in anyway. It's just a press release. The story comes from an announcement from Jeff Berwick, founder of StockHouse.com as well as a website called The Dollar Vigilante. The project premise is based on the notion that Cyprus' banking sector would cease to function and that a Bitcoin ATM would save the day. And yet the Cyprus banking system is functioning again , and ATMs have been functioning the whole time. Here's the key text: Upon examination of the marketplace and many discussions with Justin O’Connell (TDV Newsletter & Gold Silver Bitcoin ), as well as another key strategic partner of ours, I have decided to move for...

Full article: http://www.businessinsider.com/bogus-cyprus-atm-story-2013-3

Tweets

World's first bitcoin ATM in Cyprus?

cyprus-mail.com 28 Mar '13, 7am

+ - Text size Follow the mail on Twitter. Topic tags ATM , Bitcoin , Cyprus , ECB , Jeff Berwick , Stockhouse.com , virtua...

Bitcoin ATM Could Soon Be Opening in Cyprus

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reason.com 26 Mar '13, 2pm

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news.cnet.com 29 Mar '13, 12am

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Bitcoin hits record exchange values with Cyprus banking crisis

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mashable.com 26 Mar '13, 2pm

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World's First Bitcoin ATM Is Announced - First Location: Cyprus

World's First Bitcoin ATM Is Announced - First ...

dollarvigilante.com 25 Mar '13, 6am

World's First Bitcoin ATM Is Announced - First Location: Cyprus Share this article on: Tweet While European politicos nego...

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prweb.com 25 Mar '13, 10am

Jeff Berwick Announces Opening Of First Bitcoin ATM in Cyprus Founder of Stock House and TDV Media, Jeff Berwick has annou...

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intellihub.com 25 Mar '13, 7am

World’s First Bitcoin ATM Is Announced – First Location: Cyprus March 25, 2013 | Filed under: Economics ,Europe | Posted b...

The banking crisis in Cyprus makes it the ideal home for the world's first #Bitcoin ATM:

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forbes.com 26 Mar '13, 5pm

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reddit.com 25 Mar '13, 7am

At this moment in time, you can deposit fiat currency into Bitcoin ATM and receive bitcoins to your account. You can also ...