Greece
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Economy

Greece Goes Digital: 150 Million Transactions in First Half of 2021

There has been a rapid increase of digital traffic and online transactions in Greece so far in 2021, including public access to government online services, the country's Digital Governance Minister said on Tuesday. Speaking at Thessaloniki Helexpo Forum, Kyriakos Pierrakakis...

Economic Freedom in Greece Improving, Albeit Slowly

Greece has made its way up four positions in the Global Economic Freedom Index since 2019, but this movement establishes the country in just the 78th place out of 165, according to the Fraser Institute's Economic Freedom of the...

Greece’s Economy Soars 16.4% Year-to-Year in Second Quarter

Greece’s economy performed much better than expected in the second quarter of the year, with gross domestic product rising by 3.4 percent against the first three months of 2021 and jumping 16.4 percent from April-June 2020, provisional data published...

El Salvador Makes History by Adopting Bitcoin as Legal Tender

El Salvador on Tuesday became the first country in the world to accept bitcoin as legal tender, despite international concerns of risks to consumers. Twenty years after it adopted the US dollar as its national currency, El Salvador becomes a...

The Disastrous Environmental Impact of Bitcoin and Cryptocurrency

While the benefits and disadvantages of bitcoin and other cryptocurrencies have long been debated, their impact on the environment has only just begun to be discussed. Some argue that they are shady and untraceable, and others dismiss them as a...

Donald Trump Calls Bitcoin a “Disaster Waiting to Happen”

Former President Donald Trump argued that bitcoin and other cryptocurrencies are  "potentially a disaster waiting to happen" during an appearance on Fox Business. When asked if he himself has invested in Bitcoin, Trump stated that he "likes the currency of...

John Paulson: Cryptocurrency Will “Eventually Prove to be Worthless”

John Paulson, a billionaire who made his money investing in hedge funds and who predicted the huge housing crash in 2008, says all cryptocurrency, like bitcoin, is inherently "worthless" and "will go to zero." The investor, who was one of...

Greek Shipping, Valued at $132 Billion, Dominates the World

Greek shipping continues its astonishing growth, confirming Greece's position as the number one seafaring country in the world, according to a new report. The value of the Greek-owned merchant shipping fleet grew over 32% in the past three years and...

Ethereum Takes a Big Risk–and a Big Step Forward– by Going Green

Ethereum--the biggest presence in cryptocurrency behind Bitcoin-- has announced it will be cleaning up its carbon footprint and going green. Ethereum is a decentralized, open source blockchain that uses the token Ether for transactions on its platform. The Ethereum...

Why Your Old Video Games Might be Worth Millions of Dollars

If you are a child of the 1980's or '70's, you may have grown up with a Nintendo Entertainment System, commonly known by its abbreviation NES. The video game console was a landmark development in the fledgling years of...

Price of Bitcoin Shoots Above $50,000 for First Time Since May

The value of Bitcoin has shot above $50,000, taking it to its highest level since May of this year. The cryptocurrency reached $50,419 on Monday morning, according to CoinMarketCap’s price index, amid a market-wide resurgence. Ethereum (ether), Cardano (ada) and...

Crypto Market Hits $2 Trillion Market Cap as Bitcoin Surges

The market value of crypto currency rose back up to $2 trillion this weekend as Bitcoin and other cryptocurrencies continue to ascend in value. Bitcoin, XRP, Cardano, and Dogecoin all saw significant climbs this past week, with Bitcoin at...

Dutch Family Makes Fortune in Bitcoin After Investing Everything

Didi Haitutu, the head of a Dutch family that sold every single cent it had and bought into Bitcoin in 2017, is now living the high life, having taken advantage of a very risky investment and winning big. Now a...