bloomberg.com Archives - 01 October 2014, Wednesday

  • What's a Bitcoin Look Like? Popular Photograph Has Story - Bloomberg

    What’s a Bitcoin Look Like? The Story Behind This Popular Photograph -

    bloomberg.com 30 Sep '14, 5am

    Dollars, euros and pounds are easy to visualize: They’re physical objects. Being digital, bitcoins aren’t tangible -- which has become a boon for George Frey. “I’ve sort of cornered the market on bitcoin photos,” the Provo, Utah –based photographer says in the November issue of Bloomb...

  • Bitcoin Is Growing Up: Now You Can Hedge Your Investments - Bloomberg

    Bitcoin Is Growing Up: Now You Can Hedge Your Investments

    bloomberg.com 30 Sep '14, 4am

    Christian Martin and Leonard Nuara go to a lot of bitcoin conferences, and, at 49 and 55, respectively, they invariably feel old. “Everyone else is 25 and good-looking,” Nuara says. The graybeards are trying to help bitcoin grow up. Their company, TeraExchange LLC , runs the first reg...

  • #bitcoin

    Ex-Goldman Trader Who Bought Bitcoins Goes Mainstream

    bloomberg.com 30 Sep '14, 4am

    Why does anyone devote any time to checking transactions? Because programmers earn new bitcoins for the work -- if their computers also find, by trial and error, the solution to a complex equation that the bitcoin system automatically makes harder as more computing power goes to work ...

  • Circle Debuts #Bitcoin Accounts for Mainstream Users via @olgakharif for @BloombergNews

    Circle Debuts Bitcoin Accounts for Mainstream Users

    bloomberg.com 29 Sep '14, 12pm

    Circle Internet Financial Ltd. introduced its online accounts for sending, receiving and storing bitcoins, seeking to make it easier for consumers to use the virtual currency. The Boston-based startup, which has raised $26 million in funding to date, has been testing the service for s...

  • Which Countries Will Buy Into Bitcoin?

    bloomberg.com 26 Sep '14, 1am

    Among the tens of millions of bitcoin accounts opened worldwide, there's a wide range of users: Everyone from folks buying marijuana from vending machines that take the virtual currency to parents doling out the digital money as an allowance to their kids. As Bloomberg News reporter O...

  • Bitcoin Economy Widens as Parents Pay Digital Allowance via @BloombergNews

    Bitcoin Economy Widens as Parents Pay Digital Allowance

    bloomberg.com 25 Sep '14, 4am

    Three factors are attracting consumers to bitcoin. The currency is less volatile. New apps and digital wallets make using it easier. And mainstream companies -- more than 75,000, according to payment services Coinbase and BitPay -- accept the virtual currency. Consumers can use bitcoi...

  • Indonesia Bank Founder Sues Gallery Owner Over Botero Art

    bloomberg.com 25 Sep '14, 12am

    Tahir, the Indonesian tycoon who teamed with the Bill & Melinda Gates Foundation last year to fight polio, sued a Singapore art gallery owner over a Fernando Botero bronze sculpture. The founder of Indonesia’s PT Bank Mayapada Internasional (MAYA) is seeking S$1.6 million ($1.3 millio...

  • IPO

    Singapore Spicy-Crab Restaurant Chain Jumbo Said to Prepare IPO

    bloomberg.com 24 Sep '14, 1am

    Jumbo Group, the Singapore restaurant chain known for its chili and black pepper crabs, plans to sell shares in an initial public offering next year, according to a person with knowledge of the matter. The company, controlled by the Ang family, plans to raise about S$30 million ($24 m...

  • NYC Park to Singapore Labs Go Underground in Space Hunt

    NYC Park to Singapore Labs Go Underground in Space Hunt

    bloomberg.com 23 Sep '14, 9pm

    Cities from arctic Helsinki to equatorial Singapore are exploring the benefits of expanding toward the center of the earth. Crowds, weather, expensive real estate and vulnerability to climate change are prompting urban planners to turn their eye to the potential of usable spaces below...

  • Purse Tycoon's $85 Million Beverly Hills Home Targets Ultra-Rich - #Luxury #RealEstate

    Purse Tycoon Aims at Ultra-Rich With $85 Million Home

    bloomberg.com 23 Sep '14, 3pm

    The eight-bedroom, 15-bath Beverly Hills, California , mansion has $5,600 toilets, a wall of caramel onyx and an 18-seat screening room with doors clad in Italian lizard skin. Asking price: $85 million. Rapper Jay Z has taken two tours of the hillside aerie with views that sweep from ...

  • Singapore Overtaking Mumbai for India Futures: Chart of the Day

    bloomberg.com 21 Sep '14, 11pm

    Singapore is overtaking Mumbai as the biggest market for Indian stock-index futures, a sign of foreign investors’ growing influence over equities in the world’s second-most populous nation. The CHART OF THE DAY shows open interest, or the number of outstanding contracts, for CNX Nifty...

  • Bitcoin Ponzi Scheme Ruled Securities Fraud in SEC Win

    bloomberg.com 20 Sep '14, 12am

    A Bitcoin Ponzi scheme amounted to securities fraud that can be challenged by federal regulators, a judge ruled as he fined a Texas man $40.6 million and blocked him from further illegal trading of the virtual currency. The case was the first to determine whether the U.S. Securities a...

  • How to Buy Islands, Gold Mines and Villas With Bitcoin - Bloomberg

    How to Buy Islands, Gold Mines and Villas With Bitcoin

    bloomberg.com 18 Sep '14, 4am

    An island in Micronesia. A gold mine in Canada ’s Yukon Territory. Tickets to the 2014 Victoria’s Secret fashion show in London. Those are just a few of the assets on offer at BitPremier , a website targeting bitcoin holders looking to unload some of their digital hoard. The number of...

  • #SGhaze is back | Singapore air quality reaches unhealthy range via

    Singapore’s Air Quality Hits Unhealthy Range as Haze Returns -

    bloomberg.com 15 Sep '14, 1am

    Singapore’s air quality reached the unhealthy level this morning, one month after the government passed its first transboundary haze bill. Singapore’s three-hour Pollutant Standards Index was as high as 113 at 6 a.m., before retreating to 91 at 9 a.m., the National Environment Agency,...

  • Patek Philippe and Rolex: Building a Solid Watch Portfolio: Video

    bloomberg.com 15 Sep '14, 12am

    Sept. 15 (Bloomberg) –- Building a solid portfolio of watches takes research and time. So where to begin? Steve Kivel from NY's Central Watch has some advice on how to get the best return on your timepieces. (Source: Bloomberg)

  • EBay’s PayPal Unit to Start Accepting Bitcoin Payments -

    bloomberg.com 08 Sep '14, 7pm

    EBay Inc. (EBAY) ’s PayPal service will start accepting bitcoins, opening up the world’s second-biggest Internet payment network to virtual currency transactions. “We’re announcing PayPal’s first foray into bitcoin,” Bill Ready, the chief of EBay’s Braintree unit, said at Techcrunch’s...

  • Singapore Bears Retreat as ETFs Win Flow: Southeast Asia - Bloomberg

    Singapore Bears Retreat as ETFs Win Flow: Southeast Asia

    bloomberg.com 07 Sep '14, 4pm

    Money managers are turning bullish on Singapore after shunning it for more than a year as political stability and cheap equity valuations push the city-state to the top of a Morgan Stanley market ranking. Three-month flows into Singapore exchange-traded funds are on course to reach th...

  • Ireland's Adare Manor Hotel on 766 Acres Offered for $33 Million - #Luxury #RealEstate

    Ireland’s Adare Manor Hotel on 766 Acres Offered for $33 Million -

    bloomberg.com 05 Sep '14, 9am

    Adare Manor, an Irish hotel with a championship golf course on 766 acres (310 hectares) of land, was put up for sale for about 25 million euros ($33 million) as the country’s tourism market thrives. The historic 62-bedroom hotel was built in 1830 as a home for the Earl of Dunraven and...

  • Yves Carcelle, the executive who built Louis Vuitton into a luxury powerhouse, has died at 66.

    Yves Carcelle, Who Built Luxury Brand Louis Vuitton, Dies at 66

    bloomberg.com 01 Sep '14, 11am

    Yves Carcelle, the former chief executive officer who turned Louis Vuitton into the world’s largest and most valuable luxury brand, has died. He was 66. Carcelle died yesterday following a long illness, Paris-based LVMH Moet Hennessy Louis Vuitton SA (MC) , which owns Vuitton, said to...

  • In the Metal: The Rolex Sea-Dweller Deepsea D-Blue

    bloomberg.com 30 Aug '14, 12pm

    It's not often that Rolex releases a watch outside of the annual Baselworld trade show that takes place each spring. But just a few short weeks ago, Rolex unveiled the Deepsea D-Blue to coincide with the release of National Geographic's Deepsea Challenge 3D, a documentary chronicling ...

  • How RGM Watch Company Is Building a $95K Rolex Killer: Video

    bloomberg.com 26 Aug '14, 3am

    Aug. 26 (Bloomberg) –- Roland Murphy is the only mechanical watchmaker who crafts his timepieces almost entirely in the U.S. He shows Bloomberg how he uses a blend of modern technology and old world engraving techniques to make watches that cost upwards of $95,000. Video By: Alex Dean...

  • Singapore Dollar’s Losses to Ringgit Seen Widening: Asean Credit -

    bloomberg.com 19 Aug '14, 3am

    The diverging economic fortunes of two Southeast Asian neighbors are prompting PineBridge Investments to favor Malaysia’s ringgit over Singapore ’s dollar. The ringgit has gained 4 percent to 2.53 per Singapore dollar since reaching a 16-year low of 2.63 in February, data compiled by ...

  • Mt. Gox Insider’s Kraken Bitcoin Exchange to Open in Japan

    Mt. Gox Insider’s Kraken Bitcoin Exchange to Open in Japan -

    bloomberg.com 17 Aug '14, 10pm

    Competition for a slice of Japan’s virtual currency market is intensifying as new entrants seek to take advantage of the vacuum left by Mt. Gox. BitFlyer began offering services in April. BitOcean, a Chinese startup, joined with New York-based Atlas ATS Inc. to bid for the assets of t...

  • Lee to Add Funding Options for Singapore Retirees as Nation Ages - Bloomberg

    Lee to Add Funding Options for Singapore Retirees as Nation Ages

    bloomberg.com 17 Aug '14, 4pm

    Singapore will broaden the options for its citizens to monetize state-subsidized homes and may offer greater flexibility for retirees to draw funds from the mandatory savings program, Prime Minister Lee Hsien Loong said. A plan that lets elderly citizens sell part of their leases on s...

  • Singapore Housing Purchases Drop as Rates Poised to Rise - Bloomberg

    Singapore Housing Purchases Drop as Rates Poised to Rise

    bloomberg.com 13 Aug '14, 10pm

    James Hee, a property agent who lives with his family of four in a government-built flat he owns in Singapore , was eyeing a condo for about S$1.5 million ($1.2 million) earlier this year. Then Hee discovered that he wouldn’t qualify for a mortgage after the government restricted lend...

  • Singapore's economy unexpectedly expands as outlook improves

    Singapore’s Economy Unexpectedly Expands as Outlook Improves -

    bloomberg.com 12 Aug '14, 12am

    Singapore ’s economy unexpectedly expanded last quarter as manufacturing declined less than initially estimated amid recoveries in advanced countries. Gross domestic product rose an annualized 0.1 percent in the three months through June from the previous quarter, when it climbed a re...

  • Singapore Says Emerging Nations Would Welcome Normal Fed Policy

    bloomberg.com 11 Aug '14, 5am

    Emerging economies would benefit from more normal monetary policies globally including rate increases and an end to asset purchases sooner rather than later, given the side effects of the unconventional measures, Singapore ’s central bank said. Most of the city state’s emerging-market...

  • Crossing Link to Singapore May Cost You $20 More Thanks to Spat - Bloomberg

    Crossing Link to Singapore May Cost You $20 More Due to Spat

    bloomberg.com 10 Aug '14, 11pm

    Singapore and Malaysia are engaged in a tit-for-tat over fees they charge vehicles crossing a vital link between the two nations. People like Paul Lim expect to pay the price. It began with a decision by Singapore to raise the levy on foreign-registered vehicles visiting the island st...

  • Ecuador

    Bitcoin-Like Money Is Ecuador’s Latest Dollar-Saving Plan -

    bloomberg.com 05 Aug '14, 12pm

    After mortgaging most of Ecuador ’s oil and gold to finance spending, President Rafael Correa is planning to create virtual money to pay the nation’s bills. Congress last month approved legislation to start a digital currency for use alongside the U.S. dollar , the official tender in ...

  • US Continues Testing Surveillance Plane in Singapore Exercise - Bloomberg

    U.S. Continues Testing Surveillance Plane in Singapore Exercise

    bloomberg.com 04 Aug '14, 12am

    A U.S. surveillance plane is joining Singapore ’s military in exercises as the navy tests the aircraft’s capabilities after the Pentagon found it ineffective at some tasks. The P-8A Poseidon, a Boeing Co. 737-800 modified with radar and sensors, is conducting anti-submarine and surfac...