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| October 22, 2018

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Reports Archives -

US Pastor Freed in Turkey Amid Reports of Secret Deal

October 12, 2018 |

An American pastor detained for two years in Turkey on charges of espionage and aiding terrorist groups is heading home. A Turkish court on Friday allowed the release of evangelical pastor Andrew Brunson, who lived for more than 20 years in Turkey before he was jailed in the 2016 crackdown…
Newser

Crew member ‘critical’ after falling 2 stories on set of Tom Hanks’ ‘Mister Rogers’ film: reports

October 12, 2018 |

A sound mixer remains in critical condition Thursday after falling two stories off a balcony while working on the set of a biographical film about Fred Rogers, the late host of the popular children’s program “Mister Rogers’ Neighborhood,” according to reports.
FOX News

CNN

Suspect in Salisbury poisoning receives hero’s honor in Russia, Bellingcat reports

October 10, 2018 |

The Russian agent who a British investigative outlets identifies as a suspect in the nerve agent poisoning of Sergei Skripal and his daughter has reportedly received a hero’s honor from President Vladimir Putin.
CNN.com – RSS Channel – World

Lil Wayne concert ends after crowd panics over false gunshot reports

October 8, 2018 |

Chaos erupted as Lil Wayne performed at the 2018 A3C Festival in Atlanta on Sunday after fears of a possible shooting sent crowds at running in panic.
FOX News

U.S. Reports Progress in North Korea Talks Following Pompeo Visit

October 8, 2018 |

Secretary of State Mike Pompeo met separately Sunday with the leaders of North and South Korea, citing progress on slow-moving denuclearization talks and on a second summit meeting between President Trump and North Korea’s Kim Jong Un but reporting no apparent breakthrough.
WSJ.com: What’s News Asia

Margot Robbie in talks to star in ‘Barbie’ movie: reports

October 6, 2018 |

Margot Robbie is reportedly in talks to star in a “Barbie” movie, according to multiple outlets.
FOX News

Strong reports on hiring and service-sector growth drive market to daily gains

October 4, 2018 |

Encouraging reports on hiring and growth in the service sector sent small companies and banks higher Wednesday and knocked bond prices into a tailspin. The yield on the benchmark 10-year Treasury note surged to its highest level in more than seven years.

Both reports were stronger than analysts…


L.A. Times – Business

Solid Economic Reports Send US Stocks Higher

October 3, 2018 |

Stocks are closing slightly higher following some solid reports on hiring and the services sector, the AP reports. Bond prices plunged Wednesday, sending the yield on the 10-year Treasury note to its highest level in more than seven years. Banks, small company-stocks and big technology names posted outsized gains. Bank…
Newser

Lawmaker: We’re Hearing ‘Reports’ About FBI Probe

October 1, 2018 |

First came the fiercely partisan hearings . Now, the FBI probe : “What we are hearing are reports that they are trying to limit this,” says Sen. Amy Klobuchar on CNN’s State of the Union about reports that President Trump is trying to limit the FBI investigation into Brett Kavanaugh, per the…
Newser

Bitcoin Group SE Reports Half-Year Profit Surges 300% to $3.86 Million

September 28, 2018 |

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

German digital currency exchange Bitcoin Group SE reported on Friday a first-half net profit increase of more than 300% to €3.33 million (~$ 3.86 million USD). The company added 86,000 new accounts of people buying and selling cryptocurrency like bitcoin and bitcoin cash in the first six months of 2018.

Also read: Debit Card Issuer Bitnovo Announces Bitcoin Cash Support

Bitcoin Group SE Profits 300% Rises on Increased Customer Traffic

Bitcoin Group SE today reported its net profit soared 306% to $ 3.86 million in the first half of the year as more people bought and sold cryptocurrency through the German exchange. A year earlier, profit was at $ 0.95 million.

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

For the first six months of 2018, Bitcoin Group SE said sales revenues tripled to $ 6.57 million from $ 2.1 million in the comparable period a year ago. Operating profit climbed 368% to $ 5.64 million.

German’s only regulated digital currency exchange said about $ 707.6 million worth of bitcoin was traded on the platform at the end of last year, when the price of BTC peaked at $ 20,000.

But volume “flattened out…due to profit taking”, the company said, and also because of the free-fall in the price of bitcoin during the review period. Bitcoin plummeted about 52% during the first half of this year, falling from $ 12,968 on January 1 to $ 6,251 by the end of June.

Rapid Customer Growth

Bitcoin’s astronomical rise at the end of 2017, coupled with increased mainstream media headlines, have brought public attention to a currency that’s predominantly transacted on smartphones, laptops or desktop computers.

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

Bitcoin Group SE said it added 14,300 new users on its platform every month, bringing a total of 86,000 new accounts for the half-year. Around 753,000 investors are now actively using the exchange to buy and sell crypto, it said.

“Despite a stronger correction of the exchange rates, it is evident that many customers find confidence in cryptocurrencies and perceive them as an equivalent alternative to paper currencies,” said Marco Bodewein, managing director at Bitcoin Group SE.

Exchanges Seek Expansion

Digital currency exchanges are looking for growth in new areas or to consolidate existing positions to help boost revenue and minimize risk from an uncertain regulatory environment in their home economies.

Bitcoin Group SE Reports Half Year Profit Surges 300% to €3.33 Million

Coinbase is to relax its listing requirements, as part of efforts to have more digital coins listed and traded on the US exchange. Binance is on an expansion spree, opening up new trading platforms in Uganda, and a fiat-capable exchange in Singapore.

Bitcoin Group SE, which has $ 40.24 million in current assets, expressed doubt of meeting its one million customer-base target by year-end on account of the existing bearish trading in the crypto markets.

In January, the German exchange bought a 50% stake in financial investment broker Sineus Financial Services Gmbh, to diversify risk, subject to regulatory approval.
“In the future, this will enable the group to offer additional financial services in the cryptocurrency sector,” Bitcoin Group SE said.

What do you think about the earnings performance of cryptocurrency-related companies? Let us know in the comments section below.


Images courtesy of Shutterstock and Bitcoin Group SE


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