bloomberg.com Archives - 13 December 2017, Wednesday

  • How blockchain works for bitcoin

    Making Sense of Bitcoin and Its Wild Price Ride: QuickTake Q&A

    bloomberg.com 11 Dec '17, 6pm

    Think about what happens if you make an online transfer using a bank. It verifies that you have the funds, subtracts that amount from one spot in a giant database it maintains of accounts and balances, and credits it in another. You can see the result if you log on to your account but...

  • Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts

    bloomberg.com 11 Dec '17, 1pm

    Bitcoin has landed on Wall Street. Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Initial volume exceeded dealers’ expect...

  • Singapore Taxis' Night at the Museum - Bloomberg Gadfly

    bloomberg.com 11 Dec '17, 6am

    But the acquisition, which is yet to be approved by regulators, isn't really about the fleet. It's about drivers and customers. As part of the agreement, all Comfort taxis will be on the Uber ride-sharing app in addition to Comfort's own booking system. That should help boost drivers'...

  • Singapore Taxis' Night at the Museum - Bloomberg Gadfly

    bloomberg.com 11 Dec '17, 6am

    Miniatures of ComfortDelgro Corp. taxis are popular children's toys in Singapore. Not for long, though. The ubiquitous blue and yellow Toyota Crown cabs are leaving the realm of kids' imagination and heading for grownup nostalgia. One day soon, they'll belong in a museum. The end is n...

  • Bitcoin Futures Start With a Bang as Gain Trips Circuit Breakers

    bloomberg.com 10 Dec '17, 11pm

    Bitcoin landed on Wall Street with a bang. Four hours after the debut of Cboe Global Markets Inc.’s bitcoin futures, the contracts climbed more than 20 percent and triggered two trading halts designed to cool volatility. Dealers said initial volumes exceeded expectations, while traffi...

  • Bitcoin Futures Start With a Bang as 26% Rally Triggers Halts

    bloomberg.com 10 Dec '17, 11pm

    Bitcoin has landed on Wall Street with a bang. Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Initial volumes exceeded de...

  • BREAKING: Bitcoin spot price pares losses as futures trading begins

    Bitcoin Spot Price Pares Losses as Futures Trading Starts

    bloomberg.com 10 Dec '17, 11pm

    The spot price of bitcoin pared losses after futures began trading in Chicago, ushering in a new era for the cryptocurrency. Bitcoin had fallen over the weekend after ending last week at $15,644, 43 percent higher over the five days. A month ago, it was less than $8,000. Cboe Global M...

  • Bitcoin Billionaire Winklevoss Sees Surge of as Much as 20 Fold

    bloomberg.com 09 Dec '17, 5pm

    Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold. Wall Street’s plan to launch futures contrac...

  • Mark Cuban Says Bitcoin Futures Approval Is ‘Generally Positive’ - Bloomberg

    bloomberg.com 09 Dec '17, 12pm

    Billionaire venture capitalist Mark Cuban says bitcoin futures trading on major exchanges will potentially have a positive impact on the cryptocurrency. Mark Cuban Photographer: David Paul Morris/Bloomberg CME Group Inc., the world’s biggest exchange owner, and smaller venue Cboe Glob...

  • Ten ‘Exceptional’ Vintage Watches That Aren’t a Rolex - Bloomberg

    bloomberg.com 08 Dec '17, 2pm

    This Thursday, December 7, the Christie's watch department will host its first ever New York City evening sale. Titled "An Evening of Exceptional Watches," the auction presents a pretty wild amount of diversity within its 100 lots. This trend toward slimmer auction catalogs that conta...

  • The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market

    bloomberg.com 08 Dec '17, 11am

    On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. Holders of large amounts of...

  • The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market

    bloomberg.com 08 Dec '17, 10am

    On Nov. 12, someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency. Holders of large amounts of...

  • Goldman Sachs Plans to Clear Bitcoin Futures When They Go Live

    bloomberg.com 07 Dec '17, 9pm

    Goldman Sachs Group Inc. plans to clear bitcoin futures contracts for certain clients when the derivatives go live in coming days, according to a person with knowledge of the firm’s plans. Goldman Sachs, one of the largest firms helping clients buy and sell futures contracts, will act...

  • Ten ‘Exceptional’ Vintage Watches That Aren’t a Rolex - Bloomberg

    bloomberg.com 07 Dec '17, 7pm

    This Thursday, December 7, the Christie's watch department will host its first ever New York City evening sale. Titled "An Evening of Exceptional Watches," the auction presents a pretty wild amount of diversity within its 100 lots. This trend toward slimmer auction catalogs that conta...

  • Ten ‘Exceptional’ Vintage Watches That Aren’t a Rolex - Bloomberg

    bloomberg.com 07 Dec '17, 6pm

    This Thursday, December 7, the Christie's watch department will host its first ever New York City evening sale. Titled "An Evening of Exceptional Watches," the auction presents a pretty wild amount of diversity within its 100 lots. This trend toward slimmer auction catalogs that conta...

  • Bitcoin Soars to Almost $20,000 on Coinbase Exchange

    bloomberg.com 07 Dec '17, 5pm

    Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

  • Ten ‘Exceptional’ Vintage Watches That Aren’t a Rolex - Bloomberg

    bloomberg.com 07 Dec '17, 4pm

    This Thursday, December 7, the Christie's watch department will host its first ever New York City evening sale. Titled "An Evening of Exceptional Watches," the auction presents a pretty wild amount of diversity within its 100 lots. This trend toward slimmer auction catalogs that conta...

  • Bitcoin Exchanges Are Buckling While the Price Surges Past $16,000

    bloomberg.com 07 Dec '17, 4am

    Bitcoin surged past $16,000 for the first time on Thursday, with frenzied demand to trade the cryptocurrency buckling one of the largest exchanges just days before the first U.S. futures contracts begin trading. Bitcoin’s rally of more than $3,000 in the past 24 hours continues to def...

  • Bitcoin Passes the $16,000 Mark

    bloomberg.com 07 Dec '17, 3am

    Bitcoin surged past $16,000 for the first time on Thursday, with frenzied demand to trade the cryptocurrency buckling one of the largest exchanges. The world’s biggest cryptocurrency has rallied more than $3,000 in the past 24 hours as mainstream demand for bitcoin explodes. Coinbase ...

  • Amazon's Primed to Rule Singapore

    bloomberg.com 07 Dec '17, 12am

    Southeast Asia is shaping up to be a fascinating retail battleground, with two distinct approaches vying for dominance. The Chinese tech trinity of Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are trying to gain an advantage by flexing the online payment capabiliti...

  • Amazon's Primed to Rule Singapore

    bloomberg.com 06 Dec '17, 11pm

    Southeast Asia is shaping up to be a fascinating retail battleground, with two distinct approaches vying for dominance. The Chinese tech trinity of Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are trying to gain an advantage by flexing the online payment capabiliti...

  • Amazon's Primed to Rule Singapore

    bloomberg.com 06 Dec '17, 11pm

    Southeast Asia is shaping up to be a fascinating retail battleground, with two distinct approaches vying for dominance. The Chinese tech trinity of Baidu Inc., Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are trying to gain an advantage by flexing the online payment capabiliti...

  • Louis Vuitton Turns to Facebook Bot to Chat Up Customers Online

    bloomberg.com 06 Dec '17, 5pm

    Louis Vuitton is bringing in some robotic help for the holidays. The maker of $1,370 canvas duffle bags and $575 monogram belts has launched a “virtual adviser” on Facebook Messenger for U.S. clients, Palo Alto, California-based AI startup Mode.ai said in a statement Wednesday. The ch...

  • Louis Vuitton Turns to Facebook Bot to Chat Up Customers Online

    bloomberg.com 06 Dec '17, 2pm

    Louis Vuitton is bringing in some robotic help for the holidays. The maker of $1,370 canvas duffle bags and $575 monogram belts has launched a “virtual adviser” on Facebook Messenger for U.S. clients, Palo Alto, California-based AI startup Mode.ai said in a statement Wednesday. The ch...

  • Best Cocktail Bars in Singapore and What to Order at Them

    bloomberg.com 06 Dec '17, 9am

    For a place that’s known to be quite conservative, Singapore offers cocktails that have a tendency to make your heart race. In just one recent week of drinking across town, I sipped a rum-yogurt cocktail that included two kinds of Southeast Asian ants; ordered off a “menu” that was a ...

  • Best Cocktail Bars in Singapore and What to Order at Them

    bloomberg.com 06 Dec '17, 9am

    For a place that’s known to be quite conservative, Singapore offers cocktails that have a tendency to make your heart race. In just one recent week of drinking across town, I sipped a rum-yogurt cocktail that included two kinds of Southeast Asian ants; ordered off a “menu” that was a ...

  • Tokyo Financial Exchange Takes First Step Toward Bitcoin Futures

    bloomberg.com 06 Dec '17, 4am

    One of Japan’s leading financial exchanges is starting preparations to launch bitcoin derivatives, echoing U.S. rivals that plan to list contracts tracking the cryptocurrency as soon as this month. Tokyo Financial Exchange Inc., which counts JPMorgan Chase & Co. and Barclays Bank Plc ...

  • Bitcoin Climbs to $12,000 as Futures Move Closer to Reality

    bloomberg.com 06 Dec '17, 3am

    Bitcoin surpassed $12,000 for the first time amid speculation that the widespread use of futures will help lead to digital currencies being viewed as a legitimate asset class for mainstream investors. The largest cryptocurrency by market value has soared from less than $1,000 at the s...

  • Singapore’s Aging 'Time Bomb' Will Tick Louder in 2018 -

    bloomberg.com 06 Dec '17, 3am

    Next year marks an ominous turning point for Singapore’s graying population, according to research by Francis Tan, an economist at United Overseas Bank Ltd. in Singapore. In 2018, the share of the population that’s 65 years and older will match those younger than 15 for the first time...

  • Singapore Property Bulls Ignore Central Bank's Warning

    bloomberg.com 06 Dec '17, 3am

    * Xin Yan Low, a property securities analyst at asset manager Janus Henderson Group Plc: Developers’ earnings will be underpinned by projects lined up to be launched in 2018 and valuations remain attractive. Developers with big landbanks will benefit from rising land prices. City Deve...