Coin News

To many, 'Bitcoin' is not much more than a confusing buzzword. But will you be ready if and when the virtual currency finally takes off?

FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisers. 

Bloomberg: I Don't Believe In Robo Advisers (Ria Biz) 

Robo-advisers have arrived, and there's an on-going debate over whether or not investors should incorporate them into their firms.

Already many big financial groups such as Charles Schwab and Fidelity Investments have added robo-advisers. But not everyone sees value in them.

"I don't believe in automation for client service. When a client calls, it is a unique opportunity for us to interface with you, find out how things are going, and sell you another product," Michael Bloomberg said. In fact, his namesake firm recently terminated its own robo-advisory product.

Holding Gold In Yen Terms Actually Has A Positive Effect On Your Portfolio (Advisor Perspectives)

"The strong trend in correlation between gold and the dollar and gold and the yen have driven the outperformance of gold in yen versus gold in dollars while at the same time resulting in lower realized volatility for the investor," writes Ade Odunsi. 

The current market has seen "strongly negative and falling correlation" between the yen and the USDX, but a "strongly positive and rising correlation between" gold and the YEN/USD FX rate, writes Odunsi. "This suggests a strong three way relationship whereby the dollar also impacted the yen with the weakening versus the dollar even as the gold price fell."

In simple terms, what happens from an investor's point of view is that the negative performance of the gold in dollars "was largely offset by the positive performance of the dollar versus the yen."

Society’s Money Taboo Needs To Change (Investment News)

Advisers need to change the way they work with couples: instead of meeting with spouses individually, advisers should hold joint meetings so they can resolve financial decisions together.

Right now, there is a cultural taboo about discussing finances together. 80% of spouses admit that they hide financial purchases from their spouses because they are afraid that it will cause a domestic problem. But advisers can help alleviate these issues with restructured meetings.

“The byproduct of this revolution would be healthier couples and stronger families. Advisers would benefit as well as they would increase client loyalty, retain more assets and be the next generation’s logical choice as their trusted adviser,” writes Kathleen Burns Kingsbury.

Wells Fargo Just Swooped Up A Nearly $1 Billion Team From JP Morgan (The Wall Street Journal)

Wells Fargo just acquired the Reed, Gates, Strait Wealth Management Group team from JP Morgan’s private bank. The team manages nearly $1 billion in assets.

“The team, which focuses on high-net-worth clients, managed more than $972 million in combined assets and deposits and had $5.95 million in revenue, a Wells Fargo spokeswoman said,” according to Michael Wursthorn.

Wells Fargo also nabbed four advisers from Ameriprise Financial Services and Merrill Lynch last month.

Even Middle Class Couples Need To Consider Long Term Care (Financial Planning)

"41% of middle class people between 56 and 62 face high risks of not being able to pay for basic living expenses and health costs in their later years" and "one-third of men and two-thirds of women aged 65 and up will need to enter a nursing facility at some point in their lives," according to Financial Planning.

As a result, it makes sense for middle class couples to consider Long Term Care policies. Although many LTC policies are seeing rising costs and shrinking benefits, there are some policies available that pay almost $300 per day — significantly higher than the standard $150 per day.

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Artists have written a shopping bot that buys random items off Agora with a weekly $100 bitcoin budget.

Martijn Wismeijer keeps his Bitcoin handy -- right between his thumb and index finger

A new report found that 79% of US companies plan to support digital currencies like bitcoin in the future.

The Bitcoin price rally looks set to continue higher after correcting Wednesday’s powerful advance. Various technical indications of continuing advance are considered in today’s analysis, as well as, the likely targets to the upside. Bitcoin Price Rally Summary Comments Bitcoin Price Rally Time of analysis: 15h00 UTC US Session Monday’s messy price action changed gear […]

The post Bitcoin Price Rally Set To Continue Higher appeared first on CryptoCoinsNews.

Written By: Ashok Misra of Alina Consultants Introduction Bitcoin as a Solution to E-Commerce Pain Bitcoin is a decentralized virtual currency whose valuation and use has grown dramatically since its inception in January 2009. Some thinkers view bitcoin as a viable alternative to sovereign currencies; however, e-commerce was the original use case for bitcoin in Satoshi Nakamoto’s epic paper in 2009 on the proposed “Peer to Peer” cash system. Unfortunately, a lack of authoritative articles exist on the precise benefits of bitcoin vis-a-vis payment methods involving credit cards for purchase of goods and services on the Internet. In this paper, we address in practical terms the precise advantages of using bitcoin as a payment method for Customer Not Present (CNP) […]

A family of four will embark on a three week bitcoin-only road trip over the Thanksgiving holiday. Expenses such as food, gasoline and lodging will all be paid for with the crypo-currency as they journey from Texas to California, Nevada, Colorado, and Missouri. The goal of the Uncoinventional West Coast Tour is to “Inspire and empower the Bitcoin community to spend bitcoin on food, gasoline and lodging” says Catherine Bleish, Bitcoin author and creator of TheBitMom.com. This will be the second bitcoin-only road trip for the Blush Family this year. Last June, Catherine, her husband John Bush, and their two children traveled over 4,400 miles from Texas to Washington DC, New York, New Hampshire and Ohio spending bitcoin only, with […]

Gold.  The name itself is synonymous with wealth, status, precious value, and the pinnacle of all commodities extant.  So much so that 98% of the world’s population has never seen gold outside of the random necklace or bracelet of questionable actual content. Its scarcity, and elusiveness are legend. Thus, its incredible perceived value. Is Gold […]

The post Gold vs. Bitcoin? The Greatest Rivalry of the 21st Century appeared first on CryptoCoinsNews.

Aiming to help newcomers easily and quickly buy cryptocurrencies, UK-based exchange Yacuna has launched a 'bitcoin shop'.

The crypto community is still recovering after Alex Green, also known as alleged scammer Ryan Kennedy, washed his hands of ownership of popular cryptocurrency exchange MintPal and supposedly stole nearly 4000 bitcoins from their cold storage. MintPal was a go-to exchange for many new altcoin users looking for a simple and easy way to play […]

The post CoinSquare Cryptocurrency Exchange Emerges in Wake of MintPal Disaster appeared first on CryptoCoinsNews.

The crypto community is still recovering after Alex Green, also known as alleged scammer Ryan Kennedy, washed his hands of ownership of popular cryptocurrency exchange MintPal and supposedly stole nearly 4000 bitcoins from their cold storage. MintPal was a go-to exchange for many new altcoin users looking for a simple and easy way to play […]

The post CoinSquare Cryptocurrency Exchange Emerges in Wake of MintPal Disaster appeared first on CryptoCoinsNews.

I sat down with Rik Willard of Mintcombineto talk about the newly launched Beyond Bitcoin Expert Calling Network (BBECN). Special thanks for hosting us to Premier Studios, the 1st major studio to accept Bitcoin! http://www.mintcombine.com/#privatecu… https://mc.expertcallingnetwork.com/ Special Thanks to www.PremierStudiosNY.com for hosting us and for leading the way with Bitcoin in Music!

Sir Richard Branson has voiced his support for bitcoin ahead of the GDCC forum in Brisbane, Australia, this Sunday.

Flibbr, a bitcoin-based marketplace, recently hosted a Google hangout session with two members of the OKCoin Bitcoin exchange: Zane Tackett and Chief Technical Officer Changpeng Zhao. During the hangout, Zhao commented on an upcoming hedge fund trader with an enormous amount of money to trade. Zhao said: “Also very exciting, we have a new client. […]

The post OKCoin Confirms New Three Billion Euro Hedge Fund Trading on Exchange appeared first on CryptoCoinsNews.

Coinmesh plans to develop an open source map based application for iOS and Android, to find nearby users who want to buy or sell Bitcoin for cash. The app will permit searching for local users with opposite currency exchange requirements and suggests a meeting time and place. Users will be pseudo-anonymous thanks to a decentralized […]

The post Coinmesh Wants to Facilitate Anonymous Bitcoin Trading in The Street appeared first on CryptoCoinsNews.

Browser not compatible. Must Reads about the Bitcoin Price • What Affects the Bitcoin Price? • What Determines the Bitcoin Value? • How to Trade Bitcoin • Why the Bitcoin Crash Below $500? • What’s Happening with the Bitcoin Price • Why Bitcoin Value Doesn’t Matter Read all our Bitcoin Analysis here. Get the Bitcoin […]

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Tim Draper, the bitcoin mogul who’s famed for buying the confiscated Silk Road bitcoins from the U.S. Federal Government, backed a bitcoin exchange called Vaurum with plans to move forward with the bitcoin business. However, on Vaurum’s third birthday the company decided to rebrand as “Mirror” as a bitcoin exchange and shift their focus. “Since […]

The post Bitcoin Exchange Vaurum Backed By Tim Draper Changes Vision and Rebrands As Mirror appeared first on CryptoCoinsNews.

Trucoin ATMs will be more visible soon. This past June, BitPay landed an NCAA bowl game sponsorship with ESPN. Labeling the 2014 St. Petersburg game as ‘the Bitcoin Bowl’ for the next four years, the company announced today that Trucoin is the official bitcoin ATM provider for the event. “Trucoin’s sponsorship will facilitate the purchase […]

The post BitPay Announces Exclusive Trucoin ATMs for NCAA College Football Bitcoin Bowl appeared first on CryptoCoinsNews.

DigitalTangible is launching a new precious metals service called Bitcoin4Gold.

The Libertopia Festival will be held in San Diego, California for its fifth year on November 14-16 and will be hosting a slew of speakers discussing Bitcoin and related topics. This unique festival/conference has the usual conference offering of speakers and an exposition hall but extends far beyond stages and booths, in the spirit of freedom which is what the event aims to embrace and promote. Libertopia 2014 is a 3-day event but live video coverage will only be available throughout the first day, Friday, November 14.  Live videos will be embedded below the schedule prior to each event and simultaneously available on the Bitcoin Magazine YouTube Channel.  The on-demand replay of each broadcast will be available shortly subsequently. Tentative Live Stream […]