My Account
Follow us on:
Powered By
Learn, discover & invest in smallcases across different types to build your long term portfolio.
Invest Now
Explore from India`s leading investment managers and advisors curating their strategies as smallcases.
Invest Now
Powered By 
Diversify your portfolio by investing in Global brands.
Invest Now
Pre-configured baskets of stocks & ETFs that you can invest
in with a single click. Developed by hedge funds, global
asset management companies, experienced wealth
management firms and portfolio managers.
Invest Now
AMBAREESH BALIGA
Fundamental, Stock Ideas, Multibaggers & Insights
Subscribe
CK NARAYAN
Stock & Index F&O Trading Calls & Market Analysis
Subscribe
SUDARSHAN SUKHANI
Technical Call, Trading Calls & Insights
Subscribe
T GNANASEKAR
Commodity Trading Calls & Market Analysis
Subscribe
MECKLAI FINANCIALS
Currency Derivatives Trading Calls & Insights
Subscribe
SHUBHAM AGARWAL
Options Trading Advice and Market Analysis
Subscribe
MARKET SMITH INDIA
Model portfolios, Investment Ideas, Guru Screens and Much More
Subscribe
TraderSmith
Proprietary system driven Rule Based Trading calls
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Subscribe
Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas
Explore
STOCK REPORTS BY THOMSON REUTERS
Details stock report and investment recommendation
Subscribe
POWER YOUR TRADE
Technical and Commodity Calls
Subscribe
INVESTMENT WATCH
Set price, volume and news alerts
Subscribe
STOCKAXIS EMERGING MARKET LEADERS
15-20 High Growth Stocks primed for price jumps
Subscribe
Last Updated : November 15, 2022 / 08:53 AM IST
Cryptocurrency roundup for November 15: Major Bitcoin miner’s net income drops by 88%, Alameda Research bought tokens before they were listed on FTX and more
A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day.
Market Buzz
Canaan’s Q3 Net Income Drops 88% Due To A Slump In Bitcoin Mining
Canaan, a producer of Bitcoin mining hardware, revealed that its third-quarter net income decreased 88% from the same time a year earlier to 61.1 million yuan ($8.6 million) due to a decline in the price of Bitcoin. In a statement released on Monday, the Beijing-based company said that its income declined 26% to 978.2 million yuan and that the overall processing power sold fell 48.5% to 3.5 million terahashes per second. For several mining enterprises, the past few months have been challenging. A provider of data centres named Compute North filed for bankruptcy in September. Full story here.
Big Story
Eth Co-founder Vitalik Buterin Planning To Come Up With A Proof of Reserves Protocol: Changpeng Zhao
Binance CEO Changpeng Zhao on Monday said Ethereum co-founder Vitalik Buterin is planning to come up with a protocol for exchanges to automatically disclose their proof of reserves to users. Asked if exchanges are sending funds to each other to fudge their proof of reserves, amid the FTX fiasco which unravelled last week, Zhao said he does not know what other exchanges are doing but Binance certainly does not do that. Asked by a user if he thought it was fair to sell FTT tokens in Binance’s kitty and rake in the profits while average users were left with losses and that if he felt obligated to return that money back to the FTX users, Zhao said trying to solve every problem plaguing the crypto industry will make Binance bankrupt. Read more.
FTX Buzz
US-Based Crypto Exchange Kraken Freezes FTX And Alameda-Related Accounts
United States based cryptocurrency exchange Kraken has frozen accounts connected to the FTX Group, Alameda Research, and their executives on its platform, after having a dialogue with authorities. The crypto exchange states that these accounts have been frozen to protect FTX creditors while it maintains full reserves and that other users funds remain unaffected. “Kraken has spoken with law enforcement regarding a handful of accounts owned by the bankrupt FTX Group, Alameda Research and their executives. Those accounts have been frozen to protect their creditors. Other Kraken clients are not affected. Kraken maintains full reserves,” Kraken stated. Details here.
FTX Founder Sam Bankman
FTX Founder Sam Bankman’s House Up For Grabs In The Bahamas
In an apparent desperate bid to raise funds after his networth plunged from $16 billion to $0 in a matter of days after the collapse of his exchange, FTX Founder Sam Bankman-Fried has listed his penthouse in the Bahamas for sale for around $40 million. The 12,000 square foot, five-bedroom penthouse in the opulent Albany resort was listed for sale last week, according to a real estate broker, who declined to identify the owner of the house. The ownership of the penthouse has been confirmed by people close to current and past FTX employees who have been at there. Full story here.
Blockchain
Blockchain Data Reveals That Alameda Accumulated Tokens Prior To FTX Listings
Bankrupt cryptocurrency trading firm FTX’s sister firm Alameda Research accumulated large amounts of tokens over the course of a year before associated crypto exchange FTX announced it would list them, according to an investigation of open blockchain data by analytics company Argus. Blockchain data analysis has revealed that Alameda held roughly $60 million worth of tokens across 18 listings of coins connected to the Ethereum blockchain on the days that FTX said it would be listing tokens between the beginning of 2021 and March of this year, The Wall Street Journal reported. More here.
Visa-FTX
Visa ends its partnership with FTX and will discontinue its debit cards
Visa has terminated its relationship with the defunct cryptocurrency exchange FTX, the payments industry giant has announced. FTX-branded Visa debit cards will no longer be available as the much-heralded collaboration, which was expanded last month, comes to an end. As part of a long-term global partnership announced by the two companies in early October, the cards were scheduled to be distributed to 40 new countries in addition to the U.S., where they had previously been available to FTX account holders. At the time, Cuy Sheffield, head of crypto at Visa, stated that the payments company would bring more flexibility and ease-of-use to the way people use their crypto by collaborating with leading crypto exchanges like FTX. Full story here.
Crypto Market
Bitcoin’s $15k nightmare comes true as largest digital currency continues downfall
Bitcoin continued its downward trajectory as jittery investors continued to sell the world’s largest digital currency by market capitalization. After briefly making a low of $15,906, Bitcoin’s price rebounded to $16,300 levels, yet trading around 1% lower over the last 24 hours. World’s second largest digital currency Ethereum was trading down around 1% as well, around $1220 levels. It briefly broke the $1220 mark and made a low of $1180 earlier. Other major cryptocurrencies like Binance and Cardano traded down 1% and 3% respectively, while Ripple, Polygon, and Solana traded up, 10%, 1%, 33%, and 1%, respectively.
Market Minutes | All you need to know ahead of the opening bell
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
How To Make Huge Profits In A Short Time With CryptoGet detailed training system that shows an absolute beginner (without any skill) how to make huge profits in a short time with crypto.
Crypto + NFT Quick Start CourseThe #1 course for profit in the Crypto & NFT world - You will discover the secrets that 99% of people don’t know yet
