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After reaching $20,000 in December, Bitcoin Plunges to $10,000
The cryptocurrency bitcoin plunged massively this week, dropping to $10,200 on Tuesday and sparking speculation on what could have caused the fall and whether the cryptocurrency is actually of any use.
Bitcoin dropped to some $10,200 on the Bitstamp exchange earlier this week, as South Korean officials once again mulled the possibility of cracking down on the exchanges. At the time this article was...
Austerity At The London Olympics: Gold Medals Contain Only 1.34% Gold
As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold,...
Euro hits new low after France, Greece elections
The euro has dropped in value following the electoral defeat of ruling parties in France and Greece.
The euro has dropped in value following the electoral defeat of ruling parties in France and Greece as new anxiety about the fate of EU austerity policies rattles financial markets.
The currency sank to 1.29 dollars on Monday, its lowest level since January, after Socialist Francois Hollande beat President...