My Account
Follow us on:
Powered By
Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Invest as low as 10,000 and earn better returns than FD
Invest Now
Find safe & high-yielding bonds for your buck. Discover the right bonds meeting your investment amount & investment horizon
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 : January 04, 2023 / 07:59 AM IST
Cryptocurrency roundup for January 4: FTX founder pleads not guilty, former Bithumb Chairman found not guilty in fraud trial, SCB slams FTX debtors, state of cryptocurrencies in 2023, 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
Cryptocurrency Market Sees Mixed Results on Tuesday with Bitcoin and Ethereum Down and Coinbase Shares Declining
On Tuesday, many cryptocurrencies saw a decline in value alongside traditional markets. Bitcoin and Ethereum both fell by around 0.4% and 0.8%, respectively, and were trading at approximately $6,640 and $1,200. Shares of Coinbase, which Ark Investment Management purchased last week, decreased by 2.6%. However, MicroStrategy’s shares rose by 0.9%, and Galaxy Digital’s by 1.3%. In addition, the Grayscale Ethereum Trust reached a record discount of about 60%.
Big Story
Sam Bankman-Fried Pleads Not Guilty To Fraud, Money Laundering In Connection With FTX And Alameda Research Collapse
Former FTX CEO Sam Bankman-Fried has pleaded not guilty to eight charges in a New York federal court, related to the collapse of his exchange and hedge fund Alameda Research.
Economic Crimes
Seoul Court Clears Lee Jung-hoon Of Economic Crimes In Bithumb Acquisition Case
Former chairman of South Korean cryptocurrency exchange Bithumb Lee Jung-hoon has been declared not guilty by the 34th Division of the Criminal Agreement of the Seoul Central District Court on Tuesday. Jung-hoon had been on trial for allegations of fraud and violating the Act on the Aggravated Punishment of Specific Economic Crimes. The case dates back to October 2018, when Jung-hoon was accused of defrauding KRW 100 billion (around $70 million) during negotiations for the acquisition of Bithumb from Kim Byung-gun, chairman of cosmetic surgery company BK Group. If found guilty, Jung-hoon could have faced a prison sentence of up to eight years. More here.
Cryptocurrencies
Grayscale Ethereum And Bitcoin Trusts Trade At Record Discounts, Despite Investor Demand
The Grayscale Ethereum Trust has reached a record discount of 59.39% compared to the price of Ethereum, according to data from YCharts. While the fund previously traded at a premium to ETH, it has consistently been at a discount since November 2021. ETHE, which is managed by Grayscale Capital, allows traditional investors to gain exposure to Ethereum without directly investing in the cryptocurrency. The fund has approximately $3.6bn in assets under management and has lost approximately 68.37% of its value in 2021 so far, due to the decline in ETH and other crypto assets. Full report here.
SCB
SCB Denies Claims Made by FTX Debtors, Accuses Them of Making ‘Material Misstatements
The Securities Commission of The Bahamas (SCB) has denied claims made by the Chapter 11 debtors of US-based cryptocurrency exchange FTX, saying that the debtors had made “material misstatements” in the press and court filings. The SCB also expressed concern that its investigation into the matter had been “impeded” by the debtors’ refusal to allow the court-supervised joint provisional liquidators access to FTX’s AWS system. The SCB took possession of digital assets belonging to FTX and its principals on Nov. 12 and placed them in digital wallets under its control in order to safeguard them. Details here.
Market Turmoil
Cryptocurrency Market Turmoil in 2022 Could Lead to Handover to More Stable Companies in 2023, Says Circle’s Dante Disparte
Dante Disparte, the chief strategy officer and head of global policy at Circle, has suggested that the turmoil in the cryptocurrency market in 2022 could mark a handover of the technology to more stable companies in 2023. Disparte stated that the losses suffered by the industry, estimated at over $2 trillion, have led to a loss of trust in the promise of cryptocurrency, which was initially seen as a solution to the issues that caused the 2008 financial crisis. The failures of the year have also validated the concerns of policymakers who warned about the risks of cryptocurrency without implementing proper regulations. Continue reading. Continue reading.
Sam Bankman-Fried
FTX Founder Sam Bankman-Fried Has Requested That The Identities Of Two Individuals Who Will Assist In Securing His Bail Remain Confidential
In a letter filed by his lawyers on Tuesday, it was argued that “if the two remaining sureties are publicly identified, they will likely be subjected to probing media scrutiny, and potentially targeted for harassment, despite having no substantive connection to the case.”Bankman-Fried was granted a $250 million bail package in December, one of the largest in US history. The personal recognizance bond, which was secured by the equity in Bankman-Fried’s parents’ home in Palo Alto, California, must also be signed by two other people of “considerable means,” one of whom cannot be a relative. These two individuals have not yet signed the bond but intend to do so by the Jan. 5 deadline, according to the letter from Bankman-Fried’s lawyers. Continue reading.
Market Minutes | Will Nifty deliver positive returns in January?
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.
You are already a Moneycontrol Pro user.
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
