Thursday, March 28, 2013


Money and finance is the focus today. Eyes are on Cyprus as banks reopened (after nearly two weeks of closure) and many people wait for the next shoe to drop wherever that is in the world. The future of currency is becoming electronic (virtual) as is everything else ... even reality. :)

Bitcoin prices surge post-Cyprus bailout   CNN - March 28, 2013
Shares of the cyber-currency bitcoin have surged in the past week as investors seek safe havens following the unprecedented bailout of Cyprus' banks. Bitcoin is an unusual place to seek security. It's a four-year-old digital currency developed by a hacker who still remains anonymous.

  Bitcoin   CNN - March 2011

Bitcoin - the most widely used alternative currency - which may be the way of the future.

Cyprus banks reopen amid tight security and tough curbs   BBC - March 28, 2013
Banks in Cyprus have reopened after a two-week closure sparked by discussions on an EU-IMF bailout, amid tension over possible large-scale withdrawals. Branches were replenished with cash overnight and police were deployed amid fears of a run on the banks.

"Cyprus euro" a boon to US dollar: James Saft   Reuters - March 28, 2013
One clear winner from Cyprus's imposition of capital controls is the U.S. dollar, which stands to benefit from public and private flows after another round of damage to the euro's reserve currency status.