29 Mar '13, 12am

Experts pour cold water on claim that Cyprus crisis caused Bitcoin boom

Bitcoin's value continues to rise. Zach Copley Cyprus just re-opened its banks Thursday after a two-week bank holiday meant to stave off major financial crisis. European Union authorities imposed unprecedented financial restrictions on the Mediterranean island nation and went to drastic measures—including flying in a plane-load of euros —to keep the bank afloat. This week, several worldwide news outlets seem to be pushing (or at least floating) the idea that the economic crisis in Cyprus is fueling a rapid rise in Bitcoin , the Internet’s favorite virtual currency. Bitcoin is now trading around $88 to one bitcoin. Here are a few examples: ABC : Cyprus Crisis Boosting Unique Currency, the Bitcoin BBC : Bitcoin popularity 'boosted by euro' CNBC : Bitcoin Bonanza: Cyprus Crisis Boosts Digital Dollars The Washington Post : Why reports of Bitcoin’s death may have been greatly e...

Full article: http://arstechnica.com/business/2013/03/experts-pour-cold...

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

Bitcoin's value is up nearly 350 percent in the past two months (click for larger image). (Credit: Bitcoincharts.com) Forg...

Bitcoin hits record exchange values with Cyprus banking crisis

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

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money.cnn.com 28 Mar '13, 10am

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