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European Banking Union or European Banking Division?

European Banking Union or European Banking Division? | money money money | Scoop.it

Over the last year, the end­ing of the eco­nomic crisis has often been repor­ted by tra­di­tional but also by new media. There is no doubt that there are good signs, and most spe­cial­ists con­cur that the most acute prob­lems have been solved, but sus­tain­able recov­ery is still a long way off. Europe’s situ­ation can be com­pared to that of a green­house plant, slowly sprout­ing new leaves, but far from ready to sur­vive in the wild. In other words, we still have a long way to go.

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5 alternative currencies for an independent Scotland - Telegraph

5 alternative currencies for an independent Scotland - Telegraph | money money money | Scoop.it
As George Osborne and Alex Salmond clash over the latter’s proposed currency union, we examine five alternatives to the pound being considered by the SNP
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Bitcoin for idiots: An introductory guide | VentureBeat | Business | by ...

Bitcoin for idiots: An introductory guide | VentureBeat | Business | by ... | money money money | Scoop.it

The crypto-currency captivated us with its soaring highs and plunging lows in 2013, rising from $10 to $1,200 in the course of a year. It surpassed the value of gold at its peak before crashing down to $500. Today it flutters between $380 and $682 on different exchanges.

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Mt. Gox: The Cyprus Of Bitcoin - Business Insider

Mt. Gox: The Cyprus Of Bitcoin - Business Insider | money money money | Scoop.it

One of the big stories in the Bitcoin world these days is the crisis at Mt. Gox, the former undisputed king of Bitcoin trading.




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Digital currency gaining acceptance - Worcester Telegram

Digital currency gaining acceptance - Worcester Telegram | money money money | Scoop.it

CHARLTON — The law office of Douglas Lloyd is the first law firm in the state to advertise the acceptance of Bitcoin as payment for services. It is one of only three businesses in Central Massachusetts to accept the headline-grabbing alternative currency. 

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What You Ought To Know About The ECB And Unemployment

What You Ought To Know About The ECB And Unemployment | money money money | Scoop.it
Charles Wyplosz explains the policy failures during the recent economic crisis and explores the ECB's role in fighting unemployment.
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Europe May Be in the Calm Before the Storm

Europe May Be in the Calm Before the Storm | money money money | Scoop.it

Austrian business cycle theory explains that the “bust” phase of that cycle is created by extension of the cheap and plentiful credit by a fractional reserve banking (FRB) system. A FRB system is inherently fragile during the bust phase as its leverage (lending as a percentage of its own capital) exposes the banks to the emerging tsunami of non-performing loans and impaired collateral that are the manifestations of malinvestment.

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FINANCE PROFESSOR: Bitcoin Could Evolve Into An Existential Threat Worthy Of A Science Fiction Movie

FINANCE PROFESSOR: Bitcoin Could Evolve Into An Existential Threat Worthy Of A Science Fiction Movie | money money money | Scoop.it
Finance professor Mark Williams warns about the risks of Bitcoin.
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Regulators and Hackers Put Bitcoin to the Test - New York Times

Regulators and Hackers Put Bitcoin to the Test - New York Times | money money money | Scoop.it

Bitcoin is facing significant growing pains as it struggles to move beyond a stormy adolescence.

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Bitcoin's Crisis Is Turning Point for Currency - Wall Street Journal (blog)

Bitcoin's Crisis Is Turning Point for Currency - Wall Street Journal (blog) | money money money | Scoop.it

Many bitcoin users are probably too young to remember the Notorious B.I.G.’s 1997 rap hit “Mo Money Mo Problems.” A YouTube trip down memory lane won’t be a waste of time: Mo virtual money, mo problems.

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As Mt.Gox Implodes, Rival Bitcoin Exchanges Remain Surprisingly Stable - TechCrunch

As Mt.Gox Implodes, Rival Bitcoin Exchanges Remain Surprisingly Stable - TechCrunch | money money money | Scoop.it

Watching the gyrations in the price of Bitcoin has been spectator sport the past several days. However, unlike with prior busts and races, the price of Bitcoin has diverged heavily across its several exchanges. This has led to the Bitcoin market itself becoming siloed.

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Bitcoin Touches $220 On Formerly Dominant Exchange MtGox — After 60 ... - Business Insider

Bitcoin Touches $220 On Formerly Dominant Exchange MtGox — After 60 ... - Business Insider | money money money | Scoop.it

Bitcoin is currently trading at near $250, according to Bitcoin exchange MtGox.

It got as low as $220.29 from a high of $540.

Once the largest platform for trading Bitcoin, MtGox recently halted withdrawals, which exacerbated people's fears about having their wealth in the digital currency.




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Something for nothing: Volatile bitcoin digital currency gaining support - Chattanooga Times Free Press

Something for nothing: Volatile bitcoin digital currency gaining support - Chattanooga Times Free Press | money money money | Scoop.it

In January 2009, an anonymous programmer or group of programmers operating under the name Satoshi Nakamoto created bitcoin, the world’s first digital “cryptocurrency.” Having sprung, Athena-like, from the digital ether, bitcoins exist solely online but increasingly have become an accepted form of payment among retailers, both online and off.

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Bitcoin Panel @ Keenevention 2013

Join a panel of Bitcoin experts to discuss the technology and how Bitcoin is helping business and liberty activism. Presented by the host of Let's Talk Bitcoin, Stephanie Murphy. Panelists to include Blockchain.info's George Mandrik, Neocash Radio host JJ Schlessinger, and Matthew Carano -- the owner of Bitcoin-accepting brick-and-mortar business The Pao Cafe.

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Why the Next Global Financial Crisis Will Be Unlike Any of the Last ...

F.F. Wiley writes: Sometime soon, we’ll take a shot at summing up our long-term economic future with just a handful of charts and research results. In the meantime, we’ve created a new chart that may be the most important piece. There are two ideas behind it...

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Essays in Monetary Theory and Policy: On the Nature of Money (10 ...

Essays in Monetary Theory and Policy: On the Nature of Money (10 ... | money money money | Scoop.it

In today’s economic market, people tend to think excessively about money whether to spend on essential or discretionary goods and services, savings or which investment options to choose, or even the current topic du hour in Washington, whether there is too much or too little money floating around! Many “arm chair” economists, lacking the knowledge of our economic history, stop at these basic thoughts however, and thus never fully understand money in terms of its identity, origin, or even how today’s currencies became of value in the first place. Just as these concerns can vary person to person, so too can the very definition of money and how currency adopts value. In order to better understand the “nature of money,” this paper will utilize the frameworks of both the Orthodox school and the Heterodox schools of thought to provide a basic understanding of money in their respective approaches, which will set up a clear argument for why one approach is more advantageous for guiding economies toward full employment. Undoubtedly, any weekend warrior economists will be better prepared for discussions on money at the conclusion of this paper.

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California Bill to Legalize Bitcoin - Bitcoin Magazine

California Bill to Legalize Bitcoin - Bitcoin Magazine | money money money | Scoop.it

A Bill (act to amend Section 107 of the Corporations Code, relating to business associations) introduced by California State Assembly member and Chairman onBanking and Finance Roger Dickenson on January 15th “AB-129 Lawful money: alternative currency” (PDF) as Amended January 23, 2014 specifies that “current law which bans the issuance or circulation of anything but lawful money of the United States does not prohibit the issuance and use of alternative currency.”

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Funny Money: A ethnography of local currencies | Ethnography ...

Funny Money: A ethnography of local currencies | Ethnography ... | money money money | Scoop.it

In this post, I am going to discuss what I presented  in the Pecha Kucha session at EPIC 2013. My focus is on a specific complementary currency: the Brixton Pound in London. I have been conducting an ethnography on this local currency since March 2011. During the first year of my PhD in Marketing, I became interested on how consumers approach and stigmatise the mainstream financial system, especially during the last financial crisis. Local currencies represent a good context to show how communities try to build resilience to fight financial instability. Furthermore, the Brixton Pound was the first local currency to appear in a huge metropolitan area. In an era where cities are increasingly global and old bricks-and-mortar neighbourhoods have been substituted by new shiny buildings (Zuckin, 2009), it is quite unique for a neighbourhood to claim its own historical, cultural and economic identity through the creation of a currency.

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Bitcoin Explained - This Is Only a Test #199b - 2/13/2014

This week, Will, Norm, and the Internet's Dave Snider discuss Valentine's Day, damming the Thames, playing flappy birds while flying, and Microsoft's first Android phone. All that, plus what we've been testing and your questions answered. Enjoy!

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The eurozone crisis is just getting started - Telegraph.co.uk

The eurozone crisis is just getting started - Telegraph.co.uk | money money money | Scoop.it

On the face of it, they seem worlds apart. Switzerland’s referendum vote against the free movement of labour, the ruling by the German Constitutional Court on the European Central Bank’s (ECB) attempts to save the euro, and the warning to Scotland that it won’t be allowed to keep the pound if it votes for independence – these might seem unrelated, but in truth they are all part of an increasingly explosive stand-off between the forces of national sovereignty on the one hand, and political and economic integration on the other.

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Bitcoin: Is It an Investment, a Currency or a Speculative Trap? - DailyFinance

Bitcoin: Is It an Investment, a Currency or a Speculative Trap? - DailyFinance | money money money | Scoop.it

Bitcoin made headlines last year when the value of all outstanding pieces of the electronic currency reached nearly $10 billion.

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Major Bitcoin company releases open source library to make it easier to build Bitcoin apps

Major Bitcoin company releases open source library to make it easier to build Bitcoin apps | money money money | Scoop.it

Bitcoin, the virtual currency that approximates cash on the internet, has been around for five years now, and its popularity has soared. But although its reach has spread beyond the initial circle of very technical, very insider-y circle of cryptographers and programmers, its audience is still largely restricted to people who are at least a little bit nerdy. Ask any Bitcoin enthusiast what's the biggest obstacle to the currency becoming mainstream, and they'll tell you the same thing: it's hard to use.

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BITCOIN REVOLUTION Looms as People Seek ALTERNATIVE CURRENCY

A denial-of-service attack, in which a website is flooded with massive requests for data, obstructed Bitstamp's ability to check account balances, the exchange said in a statement. Customers can withdraw cash but not Bitcoins, as the company works to fix services, Nejc Kodric, Bitstamp's chief executive officer, wrote in an e-mail.

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It Is Now Possible to Buy Tulips With Bitcoin - The Atlantic

It Is Now Possible to Buy Tulips With Bitcoin - The Atlantic | money money money | Scoop.it

The floral startup BloomNation is now accepting Bitcoin for its products. That means it’s now possible to buy floral arrangements with bitcoin—and, more importantly, to convert bitcoins into tulips, exchanging one famously volatile currency for another.

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India Raises Concerns On Bitcoin’s Credibility, But Doesn’t Call It Illegal Yet | TechCrunch

India Raises Concerns On Bitcoin’s Credibility, But Doesn’t Call It Illegal Yet | TechCrunch | money money money | Scoop.it

Bitcoin traders are having a roller coaster ride everywhere, and India is no exception. After initial momentum that saw several Bitcoin exchanges emerge in India, the Reserve Bank of India issued a warning that sent many traders into a tizzy last year.

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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation