Coin News

What is most frustrating about banking today is the process that must be endured by both consumers and businesses.

Coinzone is now beta testing its forthcoming merchant POS and online checkout solution.

Markets were higher despite a disappointing revision to first quarter U.S. GDP that showed the economy shrank by 1% during the quarter. The S&P 500 made an all-time closing high for the third time in four trading days, and also took out its prior intraday record high.

First, the scoreboard:

• Dow: 16,684.66 (+51.5, +0.3%)
• S&P 500: 1,918.08 (+8.3, +0.4%)
• Nasdaq: 4,241.51 (+16.5, 0.4%)

Top stories of the day:

• The U.S. Bureau of Economic Analysis' second estimate for first quarter GDP was revised to a 1.0% decline from the first reading of 0.1% expansion. Capital Economics' Paul Ashworth said, "first-quarter contraction was quite obviously due to the unusually severe winter." Ashworth added, "[T]he incoming monthly data already point to a marked turnaround in the second quarter. For those worried about a recession, it's worth remembering that employment increased by nearly 300,000 in April and jobless claims dropped to 300,000 last week. Those numbers point to a recovery gathering some real momentum at last. We still expect second-quarter GDP growth to come in close to 3.5%."
  
• Weekly initial jobless claims fell to 300,000 from 327,000 a week ago, which was also lower than the 318,000 expected by economists. In a note to investors, Pantheon Macro's Ian Shepherdson said, "Last week's claims were revised up a trivial 1K. This report is more important than the GDP numbers, in our view, because it strongly supports the idea that labor market conditions are improving markedly, despite weak headline growth during the winter. The eight-week moving average - a better indicator of the trend than the four-week average - has now dipped to just 316K, the lowest level since August 2007, and down sharply from 340K at the turn of this year. Over time, every 10K drop in claims is consistent with payroll growth accelerating by about 25K, so the drop in claims, if sustained, ought to be accompanied by payroll growth closer to 250K than to last year's average, 194K. That's not compatible with 2.44% 10-year yields."
• April pending home sales grew 0.4% month-over-month, short of the 1% rise that had been expected. Against the prior year, April sales fell 9.4%, which was worse than the 8.7% decline expected by economists. Following the report, Barclays said, "Pending home sales in the US rose 0.4% m/m in April, softer than we (+2.0%) and consensus (+1.0%) were expecting. Nevertheless, pending home sales are now up for two consecutive months after declining the previous eight months... The stabilization and modest rise in pending home sales in March and April suggests that existing home sales are likely to move modestly higher in the coming months. This is consistent with trends in housing starts, building permits, NAHB sentiment, and new home sales that show the housing sector gradually gaining momentum at the end of Q1. Altogether, the bulk of housing data points to a slow recovery in the sector following the successive shocks of higher mortgage rates and worsening affordability last year and adverse weather this year."
• The U.S. 10-year Treasury note continued to trade around its low of the year, falling as low as 2.40%, and Brean Capital's Peter Tchir circulated a report examining some of the theories as to why bonds have been in rally mode. Among the theories Tchir addresses are a short squeeze in treasuries, too many investors remaining underweight bonds, and the ECB, which is expected to cut rates at its June 5th meeting.
• In corporate news, Tyson Foods offered $50 per share for Hillshire Brands, topping the $45 per share offer Pilgrim's Pride made earlier this week.
• Satellite TV provider DISH announced it will be accepting Bitcoin from customers, making it the largest company to accept the cryptocurrency.
• Don't Miss: Here's The Real Reason Why Americans Aren't Buying Homes

Join the conversation about this story »

Bitcoin enthusiasts have all heard strange and inaccurate phrases from their loved ones, see which ones topped our list.

A multi-billion dollar TV titan just gave Bitcoin a huge, mainstream vote of confidence. Here's the scoop

While some companies are steering clear of Bitcoin, others, like Dish, are now getting ready to welcome the digital currency into the fold. Today, the satellite provider revealed that it plans to start accepting Bitcoin later this year, allowing...

The patent envisions bitcoin's potential use in cloud computing services on Amazon Web Services.

DISH Network, the leading satellite television provider in the nation, announced yesterday that it will accept the digital currency Bitcoin.

Mainstream use equals mainstream regulation and mainstream tax liability.

 Robocoin, makers of a bitcoin ATM, have announced the availability of the first BTC ATM in Beijing. Based at the 798 Art Zone, an old factory in Beijing’s Chaoyang District, the ATM can be accessed by members only and, in order to avoid the ire of Chinese authorities, is being billed as a system for the trading of virtual goods. The CEO of Robocoin Asia, Yao Lee and founder of the… Read More

A popular open-source encryption program often used to secure desktop bitcoin wallets may have been compromised.

Dish Network Corporation, el segundo mayor proveedor de televisión de pago en los Estados Unidos, ha anunciado que va a comenzar a aceptar pagos en Bitcoin. Para ello, ha elegido a Coinbase como su procesador de pagos según ha anunciado a través de su blog. Dish habilitará la opción de pagar en Bitcoin a sus […]

The post Dish aceptará pagos con Bitcoin appeared first on CryptoCoinsNews.

Dish Network Corp. says it will become the largest company yet to accept payment in bitcoin.

Dish Network has just announced that subscribers will finally(?) be able to pay their bills using the cyrptocurrency bitcoin. Whether the company will also eventually accept dogecoin and consequently open the seventh seal of the Apocalypse, though, remains to be seen.

Read more...

Dish Network has just announced that subscribers will finally(?) be able to pay their bills using the cyrptocurrency bitcoin. Whether the company will also eventually accept dogecoin and consequently open the seventh seal of the Apocalypse, though, remains to be seen.

Read more...

Not long ago, mining Bitcoin was territory for serious nerds and hardware freaks who were willing to horde GPUs and Frankenstein them into hulking digital drills that devoured electricity and spit out cryptocurrency and garbage heat. Now, all you have to do is buy a little black box on Walmart.com.

Read more...

The bank warns of the risks inherent in using digital currencies and states they are not legal tender.

US satellite TV operator Dish Network says it will accept payments in Bitcoins from customers later this year.

The Colorado-based company is one of the biggest content providers in America, with more than 14 million pay-TV subscribers.

The company says it's the largest to date to accept the online currency.

Satellite TV group DISH will now allow customers to pay their bills in Bitcoin.

DISH has a market cap of $27 billion, making it the largest firm to start accepting the cryptocurrency. 

“We always want to deliver choice and convenience for our customers and that includes the method they use to pay their bills,” Bernie Han, DISH executive vice president and chief operating officer, said in a statement. “Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”

Bitcoin prices have climbed about 9% in the past seven days and now stand at $563.

Coinbase will serve as DISH's payment processor.

“This is a large step forward in the growing momentum of customers paying companies in bitcoin for things we do every day, like watching premium TV,” Coinbase founder Fred Ehrsam said.

Join the conversation about this story »

Are flies annoying you? Do the bugs in your room bother you just as much as the bugs in your code? Do you think your Alpaca socks aren’t anywhere near as cool as they used to be? If you answered yes to any of these questions, especially the last one, you might benefit from a Venus Flytrap, […]

The post Americans Can Now Buy Predatory Plants Using Bitcoin appeared first on CryptoCoinsNews.

There’s a simple reason as to why strippers in the USA get more tips than strippers in Canada: the dollar bill. Canadian strippers miss out on gain because throwing coins is impractical, and giving up a fiver is too much. This doesn’t just stop in the strip club. The USA generally has a richer tipping culture, which would not be possible without the ease of handing over a single dollar bill to express gratitude, value, and thanks. The dollar bill facilitates easy tipping. This is needed in the online world. How much more money would Wikipedia raise if we didn’t have to go through paypal to make a donation? When the number of steps are reduced in a transaction, the […]

The post My 2 Cents for Your 2 Cents: Cryptiv Empowering Content Creators appeared first on Bitcoin Magazine.

The Montreal Economic Institute has published a research note that concludes bitcoin’s future hinges on its legal status.

The LA High Intensity Drug Trafficking Area Training Centre is offering officers the chance to learn about digital currencies.

McDonalds UK is holding an online competition to submit a custom burger which is then subjected to voting to decide which creations will stand a chance of being served in restaurants for a week. The DogeCoin community quickly took the opportunity to submit a whole load of shibe-related burgers and vote them to among the top […]

The post McDogeCoin might be coming to McDonalds appeared first on CryptoCoinsNews.

Since Bitcoin’s dramatic rise in 2013, scores of businesses in a variety of industries have begun accepting cryptocurrency as payment for goods or services. Bare Oaks Family Naturist Park, a Canadian nudist resort located near Toronto, recently became the first in its field to accept Bitcoin payments, making the announcement in a blog post (note: […]

The post An Interview with Bare Oaks Family Naturist Park, the First Nudist Resort to Accept Bitcoin appeared first on CryptoCoinsNews.

MIT’s students have made the news again. Dan Elitzer, president and founder of MIT’s Bitcoin Club, and Jeremy Rubin, a sophomore in Electrical Engineering and Computer Science, have organized the MIT Bitcoin Expo which will be held this Saturday, May 3rd at MIT’s Compton Laboratories Building 26-100. The talks start at 12:00pm and will feature Gavin Andresen, a core developer of the bitcoin protocol; James D’Angelo, founder and host of the World Bitcoin Network; and Alan Reiner, founder and CEO of Armory Technologies, among others. According to Dan and Jeremy, Bitcoin has not gotten the attention it deserves on campus, despite the Bitcoin Club having to deny entry into their filled meetings, most people only know the basics. What is […]

The post MIT’s Bitcoin Expo and the Students Behind It appeared first on Bitcoin Magazine.

Representatives from China's mining industry held a three-day gathering in Shenzhen this week.

The entire tropical resort island of Bali will become a haven for bitcoin travelers and startups, say project organizers.