The Bitcoin Bubble is Next!

Bitcoin

  For those who missed out on the housing bubble and the high tech bubble of the last decade, the Bitcoin bubble is forming. Now valued at over $200 a unit as opposed to around $30 in February, a Bitcoin is a medium of exchange created on the Internet to compensate those for the electricity used in solving complex math problems. It has now ascended to a level to where it is reported to be used for money laundering and other financial … [Read more...]

Can Cyprus Remain a Foreign Exchange Haven?

Cyprus bank

In much the same way that profits earned abroad by American companies are not kept physically offshore, foreign exchange, brokers in Cyprus have been alerting clients that their accounts are not under threat from any confiscatory measures like the savings accounts for the citizens of the island nation. Due to a favorable regulatory regime, Cyprus is one of the top five foreign exchange trading hubs for brokers.  While the gross domestic … [Read more...]