Cyrpus Banking Crisis Helps Bitcoin Value Rise (Video)

Despite news last week that the US Government has intentions of regulating the virtual currency Bitcoin, its value continues to rise at an incredible pace. 

The reason:  Tiny Cyprus in the Mediterranean.  An island nation that was forced to enter a bailout while imposing what amounts to a 60 percent fee on high end bank balances with little warning.

Tom Woods discusses the concept of Bitcoin with Erik Voorhees of Bitinstant.  

This interview very poignantly addresses many of the layperson’s concerns about it that I have heard over the past several months, noted Tyler Durden of ZeroHedge.com.

Bitcoin has been touted to some degree as the up-and-coming new currency for depositing and withdrawing funds from online gambling websites.  Until now, only a handful of niche sites have offered the currency.

- Aaron Goldstein, Gambling911.com