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:
DIGITAL JUICE
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