Coin News

One problem with digital currency and Bitcoin in the modern world is its inherent connection to the internet. Using internet access as a backbone isn’t a weakness; rather, the issue is with the world not having a fully-integrated internet system set in place. Some places like the United States and Europe are incredibly close to […]

The post Google’s Project Loon Expands Bitcoin Access to Developing World appeared first on CryptoCoinsNews.

US military officials met with bitcoin community leaders this week to learn about digital currencies and their illicit uses.

When it comes to creating jobs, don’t mess with Texas. The state has had stronger job growth over the last 13 years than any of the other 49 states, and even though the state will soon have a new governor, Texas will continue to be poised as a leader in job growth, while other states stifle innovation with regulation. Here’s why: Texas has embraced companies with a clear regulatory environment and that is not just for big oil. Texas is home to a large aerospace industry and a booming technology sector that could take bitcoin to the moon. You may think California is the bitcoin capital of the world and it is in terms of investment and innovation, but bitcoin […]

The post Texas: Future Headquarters Of Bitcoin appeared first on Bitcoin Magazine.

Love Will, Inc.'s first project as a new merged company will be a bitcoin integration at Georgia Tech.

As we constantly point out, Bitcoin is an excellent entry gate to financial services, crowd-funding and e-commerce for the citizens of this world who live in countries where the banking infrastructure is, at best, outdated. CryptoCoinsNews met a Tunisian entrepreneur who successfully launched a Bitcoin marketplace for website themes. Bitcoin Allows People from Africa and […]

The post Bitcoin in Africa: The Success Story of a Tunisian Entrepreneur appeared first on CryptoCoinsNews.

The outspoken Shark Tank star is anything but bullish on Bitcoin

Coinify has launched following a string of strategic acquisitions and a VC investment round.

Mathias Sundin has become a member of Sweden's parliament after funding his election campaign solely in bitcoin.

Whilst Hedqvist’s lawyers are finalizing the formal proceeding to the Court of Justice of the European Union received on the case is C-264/14, Belgium Tax Authority (Service Public Fédéral Finances) answered to Belgacoin (www.belgacoin.com) about VAT on bitcoin, litecoin and dogecoin with a ruling (GTVA20141533/TL/MP emitted on 05/09/2014). The Tax Authority preliminary considered Bitcoin as a “virtual payment system”. The Belgium VAT code exempts (Art. 44, § 3, 7°) the transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments, but excluding debt collection and the Tax Authority retains that the virtual payment system fall under this exemption deeming “virtual payment system” equivalent to “receivables, securities and other effects.” The ruling takes into consideration […]

The post VAT & BITCOIN: Update from Bruxelles appeared first on Bitcoin Magazine.

Whilst Hedqvist’s lawyers are finalizing the formal proceeding to the Court of Justice of the European Union received on the case is C-264/14, Belgium Tax Authority (Service Public Fédéral Finances) answered to Belgacoin (www.belgacoin.com) about VAT on bitcoin, litecoin and dogecoin with a ruling (GTVA20141533/TL/MP emitted on 05/09/2014). The Tax Authority preliminary considered Bitcoin as a “virtual payment system”. The Belgium VAT code exempts (Art. 44, § 3, 7°) the transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments, but excluding debt collection and the Tax Authority retains that the virtual payment system fall under this exemption deeming “virtual payment system” equivalent to “receivables, securities and other effects.” The ruling takes into consideration […]

The post VAT & BITCOIN: Update from Bruxelles appeared first on Bitcoin Magazine.

Whilst Hedqvist’s lawyers are finalizing the formal proceeding to the Court of Justice of the European Union received on the case is C-264/14, Belgium Tax Authority (Service Public Fédéral Finances) answered to Belgacoin (www.belgacoin.com) about VAT on bitcoin, litecoin and dogecoin with a ruling (GTVA20141533/TL/MP emitted on 05/09/2014). The Tax Authority preliminary considered Bitcoin as a “virtual payment system”. The Belgium VAT code exempts (Art. 44, § 3, 7°) the transactions, including negotiation, concerning deposit and current accounts, payments, transfers, debts, cheques and other negotiable instruments, but excluding debt collection and the Tax Authority retains that the virtual payment system fall under this exemption deeming “virtual payment system” equivalent to “receivables, securities and other effects.” The ruling takes into consideration […]

The post VAT & BITCOIN: Update from Bruxelles appeared first on Bitcoin Magazine.

De La Rue, the world’s largest commercial banknote printer, and a trusted partner of governments, central banks and commercial organizations around the world warns that trading conditions have “deteriorated.” De La Rue chairman Philip Rogerson said: “While disappointing to announce this trading update De La Rue, as the market leading banknote printer, remains a strong, […]

The post Banknotes Are Obsolete, Bitcoin To The Rescue? appeared first on CryptoCoinsNews.

Bitcoin ATM maker Diamond Circle has installed its first cashless bitcoin kiosk in Queensland, Australia.

For every action there is an equal and opposite reaction.

So when 'Bond King' Bill Gross, founder of the biggest bond firm in the world, PIMCO, said he was stepping down from his empire to head to smaller firm Janus Capital, the shock waves could be felt all over Wall Street.

"When you bought the PIMCO funds that Gross managed you were buying the manager," said Charles Sizemore, of  Dallas-based Sizemore Capital Management. "That was your sleep at night assurance right there — that you had Bill Gross managing your money."

While Gross' long term performance is legendary, lately his investors have been losing sleep. In August his flagship fund, the PIMCO Total Return Fund, saw its 16th straight months of outflows. Cumulatively, investors had pulled $68 billion out of the fund at that point.

Things were choppy on the management side of Gross' role as well. In January his heir apparent and co-CIO Mohamed El-Erian stepped down from the firm abruptly. Stories started leaking about Gross' showboat management style. Employees were unhappy, and he was taking all of the credit for PIMCO's success, they said.

Even publicly, Gross' behavior became odd. In June he took the stage at the Morningstar Investment conference in a pair of sunglasses, walking on to Carlos Santanna and Rob Thomas' 'Smooth.' Reports say the employees at PIMCO said 'it's either him or us.'

Finally, this week, the Wall Street Journal reported that regulators have been investigating Gross' flagship Total Return ETF. They are trying to decide whether PIMCO undervalued assets within the security to make returns appear larger. 

Something had to give.

"He's getting up there in age and he doesn't need the money, and he doesn't need the prestige," Sizemore pointed out. "He just wants to be left alone to trade bonds."

And indeed that is the impression Gross and Janus gave in their press release, when Gross said that he was leaving to escape the "complexities" of management.

Sizemore says he has a small position in Gross' Total Return ETF, but he'll likely slowly liquidate it. As for what Gross will be doing at Janus —"I would definitely be interested in looking at it," said Sizemore.

Not all of that money will go to Janus, though, says another institutional money manager.

"I would assume the money will flow to DoubleLine and other recent top performers," he said. "I think it's a longer term positive for PIMCO but in the near term it will be painful as they form a new identity and outflows continue."

Other managers are concerned about what this news will do to the bond market, not the firms themselves.

"I don't know if I would characterize it as good or bad for any of them," said Brian Kelly of Connecticut's Brian Kelly Capital. "Bill Gross certainly has a following so he'll bring some assets, but what I'll be watching are the ripple effects in the high yield market."

Kelly thinks that PIMCO redemptions may harm a market that has already been suffering from a lack of liquidity as investors exit. There's also a high correlation between performance in the space and retail investor withdrawals from the space.

"I'm wondering...'Does this [news] spook the retail investor?'," said Kelly.

The PIMCO High Income Fund is down 8% on the news Gross left — so perhaps it does.

Or not.

"I wouldn't bet on this being the catalyst for people to move out of bonds," an institutional money manager told Business Insider. "I think some will, but probably a decent bit flows to other funds."

And when that happens maybe Wall Street will crown a new Bond King.

Join the conversation about this story »

The Bitcoin Price has continued its East-by-Northeast trajectory into month-end before declining to retest week-long support near $400. The US Commodities Futures Trading Commission (CFTC) has announced that it will be holding a meeting on October 9 to discuss its jurisdiction in relation to Bitcoin. Update 06h40 UTC This update is written prior to the […]

The post Bitcoin Price Regulation and the CFTC appeared first on CryptoCoinsNews.

Sweden's central bank has published research detailing bitcoin's impact on its retail payment system and krona trading volume.

Earlier this year, Bojan Simic, the founder of the Bitcoin Security Project and Aegis Wallet, released a new, free, and open source bitcoin wallet. He has recently implemented Android Wear support onto the wallet, it’s called Aegis Wallet Wear. This is the first ever of its kind. Its features include a new watch face that shows you your current Aegis Wallet balance and the current price of bitcoin, and it also allows you to pull up a QR code from a watch for receiving bitcoin payments. The watch app notifies you of transactions occurring on your Aegis Wallet. This pioneering idea is sure to catch on as smart watches and other wearable technology gain popularity. “I came up with the […]

The post Aegis Wallet’s Smartwatch Support appeared first on Bitcoin Magazine.

MIT students are challenging the State of New Jersey's demand to see the code of their bitcoin mining project.

Currently, there are very few in stock Bitcoin ASIC miners available for sale but that is about to change. The ASICMiner Tube, Rockminer T1, BTCGarden V1 X2 and a few quickly selling S3s are sold on some sites. The lack of S4 pricing and preorders with other manufacturers had led to many people wondering when […]

The post New Bitmain and ASICMiner Specs and Details appeared first on CryptoCoinsNews.

British Bitcoin exchange Netagio announced that they are preparing for future credit card transactions. Netagio permits trading between Bitcoins, British pounds and physical gold, while also accepting deposits in Euro and US Dollars. Users are able to deposit funds and receive international payments in GBP, EUR and USD, with further currencies to follow. In partnership […]

The post Bitcoin Exchange Netagio and WalPay Prepare For Future Card Transactions appeared first on CryptoCoinsNews.

London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to […]

The post CEX.IO Upgrades Bitcoin Cloud Mining Hardware And Halves Costs appeared first on CryptoCoinsNews.

Yesterday's discovery of the 'Bash Bug' affecting UNIX systems has security experts worried, but bitcoin developers are less concerned.

CCN reviewed the BTCGarden AM-V1 310 GH/s Bitcoin ASIC Miner back in August, a dual blade unit. A solid entrant in the SHA-256 miner market that had many upsides like the ability to stack several together. The V1 X2 can run several on one Raspberry Pi as well as being a very quiet miner. BTCGarden […]

The post Review: BTCGarden v1 X2 610 gh/s, Two Stacked to 1.2 th/s appeared first on CryptoCoinsNews.

Mathias Sundin, deputy mayor of Norrköping in Eastern Sweden, has won his bid to join Sweden’s 349-member Parliament while only receiving donations in the growing global digital currency, Bitcoin.  He left an understated Tweet on his Twitter account this afternoon, confirming his election to Sweden’s Parliament, simply stating “I’m in!”. The actual election occurred on September 14th, and […]

The post Swedish Bitcoin Politician Wins Seat in Parliament with Only Bitcoin Donations appeared first on CryptoCoinsNews.

Last week, Peershares lead developer Jordan Lee announced his semi-secret project, NuBits, would release on September 23. He revealed few details about the project, but investors began buying Peercoin in anticipation that NuBits would increase Peercoin’s value. However, once investors realized NuBits is an entirely new altcoin and will have little effect on Peercoin, the […]

The post Peercoin Price Falls Back to Earth After NuBits Announcement appeared first on CryptoCoinsNews.

Last week, Peershares lead developer Jordan Lee announced his semi-secret project, NuBits, would release on September 23. He revealed few details about the project, but investors began buying Peercoin in anticipation that NuBits would increase Peercoin’s value. However, once investors realized NuBits is an entirely new altcoin and will have little effect on Peercoin, the […]

The post Peercoin Price Falls Back to Earth After NuBits Announcement appeared first on CryptoCoinsNews.

The US Commodities Futures Trading Commission will hold a bitcoin derivatives hearing on 9th October.