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2. Hardware DrawCyprus Banking Crisis. The bitcoin increase in trading value was noted both in 2013 when the Cyprus went through the economic problems and this 2015 year with the news about Cyprus Economic default named ‘Grexit’. Bitcoin, being the digital currency which can function as a currency-fluctuation protector gained popularity due to the region’s economic climate which changed the influx of investments. After the government spread the news that insured deposits can be jeopardized, bitcoin immediately jumped in price. However, some specialists consider that trading volumes of Cyprus constitute just a small part of whole trades, thereby it cannot significantly influences the market price. Others suppose the Bitcoin price movement to be speculative and think that there is no real interest in digital currency among Cyprus citizens.

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What is Monero (XMR)?
What you need to know
Monero is the leading cryptocurrency with a focus on private and censorship-resistant transactions.
Most existing cryptocurrencies, including Bitcoin and Ethereum, have transparent blockchains, meaning that transactions are openly verifiable and traceable by anyone in the world. Furthermore, sending and receiving addresses for these transactions may potentially be linkable to a person's real-world identity.

Monero uses cryptography to shield sending and receiving addresses, as well as transacted amounts.

Encrypted lock
Classified document
Monero transactions are confidential and untraceable.
Every Monero transaction, by default, obfuscates sending and receiving addresses as well as transacted amounts. This always-on privacy means that every Monero user's activity enhances the privacy of all other users, unlike selectively transparent cryptocurrencies (e.g. Zcash).

Monero is fungible. By virtue of obfuscation, Monero cannot become tainted through participation in previous transactions. This means Monero will always be accepted without the risk of censorship.

Monero is a grassroots community attracting the world's best cryptocurrency researchers and engineering talent.
Over 500 developers have contributed to the Monero project, including 30 core developers. Forums and chat channels are welcoming and active.

Monero's Research Lab, Core Development Team and Community Developers are constantly pushing the frontier of what is possible with cryptocurrency privacy and security.

Academic growth
Electronic cash
Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world.
There are no multi-day holding periods and no risk of fraudulent chargebacks. It is safe from ‘capital controls’ - these are measures that restrict the flow of traditional currencies, sometimes to an extreme degree, in countries experiencing economic instability.



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