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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: Italy

Bitcoin Reaches All-Time High Against EUR and GBP

Category: Bitcoin, Commentary, News, Price Analysis, Price pages

Bitcoin Reaches All-Time High Against EUR and GBP

Bitcoin has surpassed its all-time high in two major currencies, the Euro and the British Pound, with popular British broadsheet newspaper ‘The Telegraph’ reporting on this milestone, indicating the growing awareness and interest in the cryptocurrency. While the Dollar is yet to achieve this milestone, the Euro and the Pound look to go into further decline in 2017 and this…

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Italian Bank Meltdown Strengthens Bitcoin’s Safe Haven Appeal

Category: Bitcoin, Commentary, News

Italian Bank Meltdown Strengthens Bitcoin’s Safe Haven Appeal

The Italian government has presented a crisis intervention or “bank rescue” for the world’s oldest surviving bank, Monte Paschi, which continues to scramble for cash to recapitalize. A proposed solution is to increase the public debt by as much as 20 billion euros, but this proposed amount does not even generate enough to keep the affected banks afloat. The deficiency…

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Bail-in Imminent for Italian Banking Sector; Can Bitcoin Rise to the Occasion?

Category: Business, Commentary, Finance, News

Bail-in Imminent for Italian Banking Sector; Can Bitcoin Rise to the Occasion?

Global markets are becoming increasingly concerned about the state of Italian banking sector, adding to pressures weighing on confidence from the recent Brexit decision. Bad debts held by Italian banks total around €360 million which is equal to roughly 20 percent of the country’s GDP, which measures the total value of goods and services produced. But even worse, this number…

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