Category: Software

Finance, Software

Bitcoin May Enter NASCAR

Following the dogecoin community’s sponsorship of NASCAR driver Josh Wise at Telledega, bitcoin may soon boast its own promotional racer in the iconic US series. Rookie driver Alex Bowman and his team, BK Racing, have announced their involvement in a crowdfunding campaign called ‘Bitcoin23’ that aims to bring a bitcoin-themed car to the NASCAR Sprint Cup.

The campaign kicks off today and runs until 20th August, with the aim to promote bitcoin while supporting the 21-year-old driver. With the support of the bitcoin community, the organisers hope to raise $100,000 for a full sponsorship.

If successful, the team and driver will run the bitcoin-branded car during the Labor Day weekend race at Atlanta Motor Speedway on 29th-31st August.

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“Bitcoin is changing the way people think about how they spend money and pay for things,” said Bowman.”I believe that a technology like bitcoin has a place in the sport. Introducing bitcoin to NASCAR will bring new fans to racing and help drive mainstream adoption.”

Alex Bowman, a native of Tucson, Arizona, started racing at just seven years of age. He made his debut at the national level of NASCAR in 2012, and has since twice won the Nationwide Series pole at Texas. BK Racing is a stock car racing team with a focus on introducing technological innovation to NASCAR. The team competes in the NASCAR Sprint Cup Series and fields the No. 23 Toyota Camry for Alex Bowman, the No. 26 Camry for Cole Whitt, and the No. 83 Camry for Ryan Truex.

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

RBS` recovery is on track, but its exposure to Ireland will continue to mean heavy loan losses.

Morningstar’s credit rating of BBB+ for Royal Bank of Scotland reflects the bank’s large balance of nonperforming loans but is bolstered by the recent improvements in the bank’s operating performance. Through acquisitions, Royal Bank of Scotland has become a global bank, with operations in 50 countries. RBS is primarily a business bank and is dominated by its global banking and markets division, which has historically … Continue reading RBS` recovery is on track, but its exposure to Ireland will continue to mean heavy loan losses.

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Finance, Software

Software Stocks in News: Sony Corporation, Electronic Arts Inc & Microsoft Corporation

Here we take a look at three stocks which have dominated much of the news in the Gaming Segment recently: Sony Corporation, Electronic Arts Inc & Microsoft Corporation. Sony Corporation (NYSE SNE) learns lesson from its past mistakes about pricing the latest video games while Microsoft Corporation (NASDAQ MSFT) is still not concentrating upon the fact. This Monday companies announced in Los Angeles at an … Continue reading Software Stocks in News: Sony Corporation, Electronic Arts Inc & Microsoft Corporation

Richard Atkins
Finance, Software

Latvian National Airline airBaltic Becomes World’s First Airline to Accept Bitcoin

This week, Latvia’s national airline, airBaltic, confirmed that it is now accepting bitcoin, and that in doing so, it became the first airline that accepts bitcoin directly, rather than through a third party. By becoming the first airline to accept bitcoin, airBaltic has surely stolen a march on everybody else.

This is a positive move for those that want bitcoin to evolve into a mainstream currency that can be used for the purchase of everyday goods and utilities, and it could lead competitors to also offer a bitcoin payment option.

The immediate knock-on effect could be that Expedia will start accepting bitcoin for flight bookings, in addition to hotel bookings that you can already make with the cryptocurrency.

News on Bitcoins

The Airline airBatic has become the first Airline to allow Bitcoin as a mode of payment. However, airBatic is charging a transaction fee for any payment made through Bitcoin. A processing and handling fee typically is meant to cover costs from processing the payment. So, where in this case there is practically none, it is not clear why this expense still applies.

Surely, the handling of the booking itself would already be accounted for in its salaries and expenses, as this is the main purpose and reason for the business’s existence, so it would seem pretty odd not to have this factored into its costs already. There is no transaction fee when using an airBaltic card, for example, which demonstrates that the main purpose of these fees are deterrents, aimed to encourage customers to avoid other payment methods and to take advantage of the benefits of being an airBaltic cardholder.

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Richard Atkins
Finance, Software

Software Stocks to Target: Yahoo! & Rally Software

Here we take a look at two stocks which have dominated much of the news on the Stock Market recently: Yahoo! & Rally Software. There was mixed fortune for the two stocks in the spotlight, as the segment on the whole remains volatile. Let’s take a closer look. Yahoo Inc (NASDAQ YHOO) will buy mobile analytics startup Flurry to beef up a fast-growing mobile advertising … Continue reading Software Stocks to Target: Yahoo! & Rally Software

Richard Atkins
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