Digital Currencies a Silver Lining in the Dark Cloud of Greece’s Economic Crisis

As the world watches nervously, Greece, under pressure from the European Central Bank, takes the serious step of imposing capital controls: Banks are closed, ATM withdrawals are limited and funds cannot be sent out of the country. Capital controls will be in place at least until July 7 after Sunday’s citizens’ referendum that will ask Greeks if they want to remain in the European Union and accept their creditors’ terms. Will Bitcoin benefit from the current crisis? There’s lots of speculation that the rate of adoption of digital currencies may increase more rapidly as a result of the current crisis in Greece. CNN makes the case noting: “The world’s largest Bitcoin exchanges tell CNNMoney they’ve seen a surge of business […]

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The Fear of Capital Controls May be Spreading from Greece to Italy

Yesterday, Bitcoin Magazine reported that Greece had closed its banks and imposed capital controls to prevent financial chaos after the breakdown of bailout talks with its international creditors. The decision came at the end of a weekend that brought Greece closer to “Grexit” – the potential exit from the Eurozone and perhaps the European Union (EU) itself – and confronted Europe with a serious crisis. Today, Jose Pagliery, the author of “Bitcoin – And the Future of Money,” reports on CNN Money that Greeks are rushing to bitcoin. The article includes testimonials from top bitcoin exchanges such as bitcoin.de, Bitcurex, and China-based LakeBTC, stating that they are seeing a surge of business and inquiries from Greece. This is, according to […]

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Bitnet Partners with Computop to Offer Bitcoin Payments for Over 3000 Merchants

Bitnet, a bitcoin payments processor and the developer of the largest payment gateway (CyberSource, acquired by VISA) has entered into a strategic partnership with Computop, a leading payment service provider, to allow global merchants to accept bitcoin on Computop Paygate. Since its launch, Bitnet has focused its services to provide an enterprise-grade digital commerce platform with security, reliability and scalability standards demanded by global businesses. Through the Computop and Bitnet partnership, however, the multi-national bitcoin merchant processor is attempting to implement its technologies to allow businesses of any size to accept bitcoin in a simple, safe and secure manner. Bitnet bitcoin processors will be integrated in Computop Paygate, which will allow merchants to expand their businesses globally without cross-border fees. […]

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BitGo Announces Launch of Solvency Proofs Verified by BitGo

BitGo announced today the release of its latest product offering, Verified by BitGo, a product that provides a real-time view of bitcoin assets owned by a company. Whereas in the past, verification attempts were slow and often had security risk concerns, BitGo hopes that this will be a verification that allows it to publicly share all of its assets. Further, it will be able to cryptographically display that it is in a solvent state. When dealing with brokerages and wallets, knowing that the provider is solvent can go a long way toward making a decision on using a service. This service will enable end users to analyze what the company’s assets are and compare that to its liabilities, even drilling […]

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The American Immigration Equation: Courage + Opportunity > Risk

June marks Immigrant Heritage Month — and people across the country are sharing their American stories. Whether you’ve recently embarked on your first day as an American or want to share how your ancestors came to arrive here, we want to hear from you. Add your voice to the conversation today.

America is a country bound together by its diversity. Almost all of us share the common thread that our families came from somewhere else. Our immigrant families are bound by more than that, however. We also are bound by a common belief that the opportunity available to immigrants who are willing to work hard in this country outweighs the substantial risk involved in pulling up stakes and restarting life in a new country. But the equation doesn’t work if you only weigh opportunity versus risk. The secret factor that tips the scale and propels people to take on such risk for such a tenuous shot at opportunity is courage. Each immigration story — whether it be from 1692, 1910, or 2015 — was built on the foundation of courage.

I see that courage at play in my own family. My heritage stems from the islands of Sicily, Italy (Bisognano/ Raffa) and Ireland (McEachern/O’Brien). On August 23, 1914 in Queenstown, Ireland, at the age of 19, my great grandmother Bridget Clougherty boarded the S.S. Franconia bound for Boston, labeled as a laborer. She boarded this ship 19 days after the declaration of war by the United Kingdom in what would become World War I. She had the courage to leave most of her family behind and risk losing the stability that had defined her life in the small village of Clifton, Ireland in order to realize the opportunity she envisioned in the new world across the Atlantic.

The O’Brien/Cloughterty on the porch of their Quincy, MA home. (Circa. 1945)

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Greece Shows Importance of Gold as Europeans Buy Coins and Bars

– Demand for physical gold from Europeans surges – Greek ATMs limit withdrawals to €60 per day – Greeks panic buy food, fuel and medicine – European elites threaten Greece with expulsion – Gold not subject to capital controls or “bail-ins”   Demand for gold coins and bars from European investors has increased significantly in […]

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On Trade, Here’s What the President Signed into Law:

Congress passed two bills that will help rewrite the rules for our trade policy: Trade Promotion Authority and the Trade Preferences Extension Act, which includes Trade Adjustment Assistance. Today, President Obama signed them into law. 

 

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“I would not be signing these bills if I was not absolutely convinced that these pieces of legislation are ultimately good for American workers.” —President Obama on signing two bills to improve our trade policy in a way that puts workers first: http://go.wh.gov/gMn4fm #LeadOnTrade

Posted by The White House on Monday, June 29, 2015

That’s a good thing, because as President Obama has said, past trade deals haven’t always lived up to the hype. Now, thanks to the new rules of the road laid out by Congress, our latest trade deal — the Trans-Pacific Partnership (TPP) — can put in place high, enforceable standards that reflect our values on the environment, on workers’ rights, on transparency, and more. 

Here’s a quick look at the rules the President signed today and how they will help ensure American workers can benefit from the most progressive trade deal in history.

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New Bitcoin Skill & Strategy Physics Game “Crypto Collider” Offers Unique Hedging System

Bitcoin Press Release: Just launched Crypto Collider is a new and unique, first-of-its-kind Bitcoin Game played with skill and strategy. The game features a transparent “GameChain” ledger and supports most popular digital currencies including Bitcoin, Dogecoin, Peercoin, NXT, Primecoin, LTC and more. It is fun, innovative and an excellent multi-functional hedging tool / trading platform. Crypto Collider presents a completely new way to increase and/or leverage Bitcoin’s value without affecting its price. It is a game that provides trading utility while also being a fun and entertaining way to hedge, socialise and make profits. Collider has been featured in the official Adobe Flash Showcase. How it Works Collider is a peer-to-peer game so fees are generated only as transfer fees […]

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