Virtu Financial Triples its Revenues in Final Quarter of 2018

High frequency trader (HFT) and market making firm Virtu Financial (Virtu) released preliminary financial results for the final quarter of 2018 on Tuesday evening. The New York-based firm said that it expects revenues to reach between $424 million and $447 million. Discover iFX EXPO, Your Gateway to Asian Markets! Unsurprisingly, the bulk of that cash came…

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Japan’s Internet Giant GMO Unveils New Crypto Priorities, Exchange Profits Up 7-Fold

Japan’s GMO Internet has unveiled new priorities for its cryptocurrency business along with the performances of its crypto exchange and mining operations. The changes going forward result from the bear market and increased total hash rate. GMO Coin Profits Up 7.3-Fold Japanese internet giant GMO published its second-quarter results for this fiscal year on Thursday….

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Gaming PC That Mines While Idling Hits Market in Russia

A hybrid computer, designed to please both gamers and miners, is now selling in Russia. The company offering the new PC promises a quarter ether of monthly income for gaming enthusiasts who would like to mine when their expensive configuration is idling. The premiere coincides with reports of new negative forecasts for hardware manufacturers.  Also…

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Square Made a Meager $0.2 Million From Bitcoin in Q1 2018

Hearing about the whopping figures that bitcoin exchanges are bringing in, one might be led to believe that all businesses in the field are making money hand over fist. Latest figures from Square, however, show that is not necessarily the case. At least not in the short term. Also Read: Bitcoin Is Not Used by…

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Samsung’s Revenues Head to the Moon,Thanks to Cryptocurrency Mining Chips

Samsungs decision to expand into the production of chips for crypto mining has paid off big time as the company is smiling to the bank and having enormous proceeds from it. The company recently decided to go into the mass production of ASIC chips and has already begun to yield dividends as its first quarter…

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