The Swedish government is to hold a week-long bitcoin auction, starting today, with 0.6 BTC for up for grabs.
Consortium startup R3 has completed work with four banks on a prototype that issues short-term debt over its Corda distributed ledger platform. Source
Never mind a nation of shopkeepers, as the old saying would have it, the British are now a nation of borrowers. The average household in the UK now has about $14,000 in debt – and that’s not even including the cost of their mortgage or student debt. Bank of England data also shows that personal debt […]
According to the IMF, Greece has a maximum of three weeks to deal with its looming debt. For the time being, the government suffers from a deadlock in their talks with creditors.Either Greece agrees to additional austerity, or introduces fresh elections. Neither solution is worth considering for the government right now, although a solution has […]
Things are not evolving in the right direction for Deutsche Bank, as the financial institution continues to make very intriguing decisions. Earlier this week, DB was forced to cut ties with as many as 3,400 clients in the trading business, which is never a good sign. All debt sales services to particular financial institutions and […]
As the total debt of the US federal government surpassed it’s all time high record with $19,659,460,647,160.83. Bitcoin is proving to be one of the very few alternatives for financial protection. ]]>
Puerto Rico has defaulted on $800 million of its general obligation bond debt, with no plans on paying it back. Smart investors go with Bitcoin instead. ]]>
Saying things are financially unstable in Puerto Rico would be quite the understatement right now. The country’s Governor announced how Puerto Rico will be defaulting on Monday, causing even more stress on a very fragile global economy. The Puerto Rico Default and Bitcoin A lot of countries around the world are struggling to repay their […]
Greece debt crisis appears to have been averted, or at the least delayed. A €50 billion bailout package has been offered, if the Greek parliament agrees to implement extensive reforms that have been d
Nick Szabo has published new research in a blog post exploring how bitcoin may help Greece avoid an ultimate financial meltdown.
C7 Data Centers in Utah is suing CoinTerra for unpaid services and breach of contract. CoinTerra recently made news when due to an alleged debt it issued a message to The post CoinTerra Sued for Over $5 Million appeared first on NEWSBTC.
Trust is something we’ve taken for granted for a long time. Until recently, nobody ever thought to formally study the concept, except for the Machiavellian goal of learning to falsely instill it in others. One of the most revolutionary things accomplished by cryptocurrency and related fields is to turn that question on its head: instead of […]
Wednesday’s controversial debt default by Argentina can only help bitcoin further boom in the country, says James Downer.
Part of this article appears in Issue 20 In his pocket, Joe has an old leather wallet. It contains enough banknotes to buy him a brand new wallet of a better model he saw in a magazine. This buying power is exclusive to him, who alone can use those bills to buy something. Likewise, if […]
Mt. Gox’s petition for bankruptcy protection during a proposed reorganization was rejected two weeks ago by a Japanese bankruptcy court. As a result, the beleaguered exchange has been ordered into liquidation. Unless or until CEO Mark Karpeles makes himself available in person to provide a deposition to courts in the United States, the same is […]