30 Mar '13, 7am

I just watched a news report about #Bitcoin on Sky News! "Cyber Currency Surge Amid Eurozone Crisis" @maxkeiser

I just watched a news report about #Bitcoin on Sky News! "Cyber Currency Surge Amid Eurozone Crisis" @maxkeiser

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual money which can be earned or bought. They were created four years ago by a hacker who remains anonymous. There are no banks to control them, people just exchange them directly with each other over the internet. That makes them difficult to tax, trace or freeze. In the last month, the Bitcoin has more than doubled in value. It is claimed the surge is partly down to people in cash-strapped countries including Spain and Greece turning to Bitcoins in the hope of protecting their money. Amir Taaki has helped develop the Bitcoin since it was created by a hacker Amir Taaki, who has helped to develop it in the UK, told Sky News he bel...

Full article: http://news.sky.com/story/1071652/cyber-currency-surge-am...

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