The pair of Bitcoin hearings held this week by Senate committees could have been a disaster for the Bitcoin community. After all, Bitcoin first came to mainstream attention in 2011 when Gawker reported on Silk Road, an anonymous online marketplace that allowed users to purchase a wide variety of illegal drugs with Bitcoin. Sen. Chuck Schumer (D-N.Y.) denounced the site and suggested that Bitcoin was "an online form of money laundering."

Cuba has approved a plan to gradually eliminate its dual monetary system as part of reforms aimed at improving the country’s economic performance, a communique carried by official media on Tuesday said. “The Council of Ministers has adopted a chronogram of measures that will lead to monetary and exchange unification,” the government statement said, giving few details.

The Indian rupee's crash has swept away banker Nupur Sood's dream of a holiday in Venice: instead the 35-year-old will settle for cold beers on the beaches of Goa on India's west coast. "We are pampering ourselves with a leisurely holiday but it will be domestic. I guess it is the only way to compensate," said Sood, who plans to stay next month at the plush Grand Hyatt hotel in Goa, managed by Hyatt Hotels Corp, as a consolation for missing her holiday of a lifetime in Italy.