The Australian dollar?  Another currency from a fast-growing Asian nation?  No.  The unexpected answer is in a decentralized, unregulated virtual currency called BitCoin.  The peer-to-peer currency has no banking system behind it and depends on advanced mathematics and encryption for regulatory controls.  While it may seem crazy to some to refer to such a thing […]

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Little news is getting as much coverage as the financial crisis in Cyprus and the unprecedented levying of an implicit tax on bank accounts as a means of funding the bail-out. This excellent summary by the Guardian explains the crisis in layman’s terms and is worth a quick read. The increasing number of financial crises […]

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