Category: Software

Finance, Software

Coin Capital Management Launches New Bitcoin Hedge Fund

As the Winklevoss twins attempt to get regulatory approval for their bitcoin exchange-traded fund, we now have another fund that revolves around the crypto-currency. According to FINalternatives, Coin Capital Management has launched the new fund. Managing Partner Samuel Cahn said they see the digital currency as “an exciting payment technology.”

The new hedge fund which has been launched, can do buying and holding of bitcoins for clients. This is the first fund to hold the digital currency in “an institutional grade hedge fund using the same types of checks and balances that investors have come to expect,” according to Cahn. A family office is seeding the new hedge fund, which Cahn founded with his brothers Drew and Sigmund Sommer.

Cahn is an attorney who also has worked at the White Bay Group, serving in both an investment management advisory role and as counsel for the firm. He managed Combinations Capital Partners as well. Sigmund Sommer has been investing in, trading and mining bitcoin for years.

News on Bitcoins

Cahn described their strategy for buying and holding the crypto-currency. He said it’s based on supply and demand. Since there will only ever be a certain amount of bitcoins in existence, the price of the digital currency will rise along with demand.

According to Cahn, the market is “really on the cusp of consumer adoption.” He noted that online retailer Overstock.com decided to start accepting bitcoin as payment starting this year. Also the Federal Election Commission ruled that the digital currency is an acceptable type of currency in which to make contributions to political campaigns.

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Richard Atkins
QCom Nasdaq QCOM Qualcomm
Finance, Software

Software Stocks Highlights: QUALCOMM Incorporated, Alcatel-Lucent & Tableau Software

This Article contains reviews for three High Profile Software Stocks, namely, QUALCOMM Incorporated, Alcatel-Lucent & Tableau Software. There was mixed fortune for all the three stocks, as the segment on the whole remains volatile. Let’s take a closer look. A former president of Qualcomm Incorporated (NASDAQ QCOM)’s global business operations pleaded guilty on Monday to insider trading in shares of the mobile phone chipmaker and … Continue reading Software Stocks Highlights: QUALCOMM Incorporated, Alcatel-Lucent & Tableau Software

Richard Atkins
Finance, Software

New Android Bitcoin App Released by Blockchain

Bitcoin wallet and block explorer provider Blockchain has unveiled its latest Android wallet update, announcing the news at The North American Bitcoin Conference (NABC), an ongoing two-day industry event taking place in downtown Chicago.

Bitcoin wallet provider Blockchain.info is releasing a major new version of its Android app, allowing you to store, receive and send bitcoins directly from your Android phone. The key thinking behind the update is to make bitcoin more accessible. It hides the complexity of the protocol in order to encourage mainstream user adoption.

The official launch follows the release of early previews provided by the company in June, a leak that coincided with Blockchain‘s debut of its new customer onboarding tool, Bitcoin.com.

News on Bitcoins

Blockchain CEO Nicolas Cary framed the announcement as part of a broader update to the company’s wallet service that will find it issuing more news through the summer. Combined, this initiative will help the company better meet the scale that it excepts as more consumers join the bitcoin ecosystem.

“Our Android app has to do with making bitcoin so easy to use that people don’t even have to think about addresses for example,” co-founder and CEO Nicolas Cary told me in a phone interview. “That stuff exists in bitcoin, but just like there are complicated things happening in email, they are hidden.”

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Richard Atkins
Systems Software WAN Optimization
Finance, Software

Active Software Stocks: Microsoft & IBM perform well

Here in this article, we take a lot at two very promising stocks: Microsoft and IBM. Both these stocks have been related with some strong news and therefore the stock prices of these two stocks has risen in the past couple of weeks. Let’s take a closer look. Microsoft, the software giant well known for its Windows operating system and Office productivity suites, announced that … Continue reading Active Software Stocks: Microsoft & IBM perform well

Richard Atkins
Finance, Software

1,000 Bitcoin ATMs’ Launch Planned by BitXatm

Germany-based digital currency bitcoin ATM and point-of-sale (POS) solution provider BitXatm has announced a new partnership that will find the company shipping 1,000 units to the US in a bid to build the country’s largest bitcoin ATM network.

For the initiative, BitXatm will partner with Los Angeles-based CryptVision, a startup that itself is seeking to build the largest network of bitcoin ATMs around the globe. As part of the deal, CryptVision will become the exclusive provider of BitXatms in the US and Canada.

The announcement follows BitXatm’s May upgrade to its Sumo Pro ATM product, and was issued at The North American Bitcoin Conference (TNABC), a two-day community event being held in downtown Chicago

News on Bitcoins

Sergey Yesayan, president of CryptVision, framed the move as one that will find the new company moving quickly to gain a foothold in the bitcoin market. “In terms of positioning our products all over the country, we’re planning to have most of them in place by the end of the year, and are looking for location partners in shopping malls, restaurants and night clubs”, he said in a statement.

Yesayan said that the bitcoin ATM units will be available for free to qualified operators, with the qualification process for operators beginning 25th July. CryptVision plans to treat the units as vending machines and manage the associated financial responsibilities and licensing.

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Richard Atkins
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Santander`s First-Quarter Profit Benefits Lower Provisions

In the first quarter of the year, Spain’s largest bank, Grupo Santander SAN , earned EUR 1,205 million, up significantly from the EUR 401 million it earned in the trailing quarter. Most of this increase was due to the non-recurrence of special loan loss provisions in the fourth quarter; excluding this, earnings were up 18% sequentially, but down 26% from the year-ago quarter because of … Continue reading Santander`s First-Quarter Profit Benefits Lower Provisions

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