News That Will Strengthen Bitcoin (5nd Part)

Phalanx-520x170It is because of news like these that Bitcoin continues to strengthen:

U.S. will conduct the monitoring of overy financial transaction The Consumer Financial Protection Bureau (CFPB) of the United States is looking to create a “Google Earth” of every financial transaction of every American including cash withdrawals from ATMs.

Financial institutions not reporting on their American clients in danger

Fatca seeks to co-opt foreign banks as long-arm enforcement agencies of the Internal Revenue Service—even when it might contravene that country’s own privacy or data-protection laws. Those who do not submit immediately risk facing heavy fines and 30% withholding tax on securities transactions that originate in the U.S. Meanwhile, Millions of U.S. citizens living abroad are being forced to reconsider their nationality.

Greece will need € 10 billion more to avoid insolvency

Unemployment in Greece is 26.9%, and youth unemployment has already gone up to 57.5%. Round after round of spending cuts have done nothing to solve the country’s deep economic problems. The EU calls for more painful reforms.

The “shadow economy” in Spain employs a million people and accounts for 20% of GDP

According to a new report from the Foundation for Financial Studies, the size of the informal economy in Spain is higher than in any other European Union country except Italy and continues growing.

PayPal accidentally credited US$ 92 000 billion to the account of a man

The balance of the account of Chris Reynolds showed a whopping US$ 92,233,720,368,547,800. “This is obviously an error and we appreciate that Mr. Reynolds understood this was the case,” PayPal said in a statement.

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