In brief

$98,713.00
2.45%$1,844.36
1.25%$2.17
1.27%$607.57
0.95%$149.99
2.71%$0.999956
-0.00%$0.177658
3.97%$0.699925
3.73%$0.249375
2.10%$1,853.48
1.89%$98,527.00
2.08%$3.58
6.65%$14.30
3.20%$20.04
1.18%$0.266487
2.09%$8.82
1.06%$401.49
6.98%$0.999932
0.00%$2,222.76
1.58%$0.00001305
2.70%$0.180344
2.90%$3.04
1.67%$21.26
2.49%$91.88
0.44%$4.11
4.18%$1,853.58
1.72%$284.14
0.40%$1.001
0.08%$4.28
-0.32%$0.999545
-0.15%$0.632687
9.55%$98,810.00
2.47%$1,977.09
1.69%$28.59
1.55%$0.00000846
6.14%$382.37
1.06%$51.13
0.90%$4.92
3.94%$1.051
0.03%$5.04
2.28%$0.912366
5.64%$2.37
3.33%$1.00
0.00%$178.31
2.00%$0.093993
2.27%$21.33
-0.53%$4.76
3.48%$16.72
3.23%$0.093251
4.28%$0.718427
1.28%$29.72
-0.07%$4.37
1.70%$11.20
2.27%$0.02561069
3.63%$1.002
0.25%$1.17
-0.01%$98,405.00
1.96%$0.222539
2.57%$4.25
3.57%$4.33
0.81%$0.70892
2.18%$2.67
4.04%$0.204339
3.53%$0.523283
3.11%$0.279188
3.93%$2.48
5.77%$0.998694
0.08%$4.16
1.51%$0.32021
4.76%$0.921589
12.14%$0.00001769
4.71%$93.24
6.73%$10.78
0.72%$0.95973
2.44%$1,562.71
7.13%$0.439366
4.62%$0.01953251
3.93%$1.26
0.80%$0.822887
18.49%$157.78
2.46%$0.073084
2.06%$1,859.55
2.12%$98,661.00
2.61%$1.07
4.60%$3.98
4.98%$1,931.55
1.70%$0.20611
4.50%$0.999828
0.00%$0.608136
0.39%$0.553383
4.40%$9.95
7.73%$0.705566
3.75%$1.45
0.55%$0.095328
5.83%$0.999934
-0.00%$0.99959
-0.00%$2,102.39
1.70%$608.16
1.10%$14.69
-3.98%$3,402.00
0.40%$3,403.50
0.25%$0.999922
-0.00%$193.89
2.89%$98,405.00
2.24%$0.211941
7.58%$0.01605529
4.41%$166.12
2.86%$0.764782
9.03%$99,342.00
3.12%$0.00007911
4.10%$97,784.00
2.16%$37.81
3.14%$0.60016
5.75%$0.01188659
3.33%$2.55
8.27%$0.811268
4.53%$0.710378
0.45%$0.00000071
2.47%$1,977.78
1.97%$0.01574932
4.83%$0.282093
4.11%$3.70
-0.48%$2.08
5.51%$0.113119
2.01%$40.39
6.67%$0.997889
-0.01%$0.998967
0.03%$18.61
4.97%$0.37954
3.30%$0.59471
4.56%$1,939.57
1.70%$1.096
0.35%$0.553952
3.74%$0.307836
5.88%$0.01692007
-3.78%$1.69
8.51%$0.054852
4.40%$3.27
2.67%$0.647539
7.69%$0.00564044
5.31%$1,940.21
1.55%$0.138924
4.63%$97,808.00
-2.69%$110.97
0.01%$0.537607
8.01%$98,749.00
2.50%$1.001
0.27%$0.00852362
2.91%$0.999664
-0.09%$0.441801
0.87%$0.065712
-4.28%$98,394.00
1.90%$0.999895
-0.01%$0.394941
0.01%$7.05
4.76%$0.177714
4.17%$1.29
2.04%$0.576985
3.84%$0.453911
13.80%$96,460.00
1.49%$15.76
4.68%$0.17739
2.19%$0.00002182
4.89%$1,857.07
1.91%$1.52
1.45%$0.00794377
8.90%$0.00000042
1.38%$0.133299
1.81%$5.81
6.92%$1.085
0.00%$1.002
0.39%$0.504577
4.88%$1.63
10.79%$1,978.68
1.96%$0.160305
0.82%$1,854.19
1.87%$2.45
6.61%$0.147685
-3.24%$0.04043075
3.66%$1,854.79
1.79%$1,850.34
1.55%$3.18
9.99%$0.00545007
-2.75%$0.0822
7.69%$0.07427
4.22%$1,876.00
0.19%$33.22
2.14%$0.222359
2.29%$40.09
4.54%$1.36
1.60%$0.377308
9.25%$1.00
0.14%$21.40
-0.22%$0.36383
-5.67%$0.00000089
37.76%$1.43
26.21%$0.0179501
2.63%$0.03461852
2.50%$0.170769
1.18%$0.58375
28.72%$0.00401611
0.99%$0.00006028
3.42%$0.779059
3.63%$1.001
0.17%$0.505143
3.84%$0.99981
0.01%$1.001
0.07%$0.703583
4.96%$1.00
0.01%$98,687.00
2.36%$0.686661
5.15%$0.300497
0.13%$21.29
2.84%$0.00000147
-1.20%$0.270652
2.73%$1,840.10
1.50%$0.00291829
6.15%$98,218.00
1.28%$110.94
0.36%$3,369.26
-0.71%$1.00
-0.00%$0.228182
4.73%$2.52
4.12%$1.32
-27.74%$20.07
1.39%$0.0323025
7.30%$1.099
-0.00%$21.96
3.71%$0.19321
2.71%$0.534207
2.34%$1,953.93
1.20%$3.22
3.41%$0.259705
3.44%$1,983.32
2.56%$0.0028824
10.21%$1.55
1.30%$2,036.68
1.81%$2.65
-4.83%$0.03610962
3.58%$15.09
2.99%$98,711.00
3.39%$0.119588
-8.20%$1.002
0.01%$2,019.57
1.77%$0.00329635
5.27%$0.999632
0.00%$0.01231678
3.49%$0.221503
8.14%Reading
This time last year, Canaan, which makes Bitcoin mining hardware, was basking in the afterglow of a successful $90 million IPO in the US. It became the first cryptocurrency company to be listed on the Nasdaq stock exchange.
This year has been quite a bit tougher for the integrated circuit manufacturer—despite Bitcoin's price gains. The price of its stock tumbled to $5.00, down over 13% from yesterday's close, after its third quarter earnings report.
Things were looking mostly bright for Canaan until March. That's when the Chinese company, which is based in the Cayman Islands, was hit by a class action lawsuit in the US. Stockholders accused it of security law violations. It's also when the COVID-19 pandemic swept the globe.
Between May 27 and November 13, Canaan's stock price didn't approach $3.00.
After a strong November and ahead of today's quarterly earnings report, hopes were high that the integrated circuit manufacturer was due for better days. That faded a bit as the company reported a 76% decline in year-over-year revenue and a loss for the quarter.
Canaan's Chief Financial Officer, Quanfu Hong, found a silver lining. After pointing out that the COVID-19 pandemic had depressed production capacity, he said, "However, the demand for mining machines in the market continued to rebound during the third quarter, and we have received a large number of pre-sale orders which are scheduled for delivery starting in the fourth quarter of 2020.”
During the third quarter of 2020, which ran from July 1 to September 30, Bitcoin went from a starting price of $9,225 to $10,791, an increase of 17%. So far during the fourth quarter it's been on a tear, hitting an all-time high today, November 30.
Canaan hopes that what's good for Bitcoin is good for its business.
Stripe is making a renewed push into crypto and artificial intelligence, unveiling a slate of new features at its annual user event on Wednesday in San Francisco. Two major updates include the rollout of Stablecoin Financial Accounts, which will allow businesses in 101 countries to hold balances in dollar-backed stablecoins, receive funds via crypto or traditional rails, and send stablecoins globally. It also rolled out a new Payments Foundation Model, an AI system trained on tens of billions of...
DeFi Development Corp., a publicly traded real estate software firm turned crypto holding vehicle, said Wednesday it will execute a 7-for-1 stock split later this month, capping a frenetic pivot into the Solana blockchain ecosystem that has fueled a staggering rally in its share price. The split, approved by the board and pending regulatory steps, will take effect May 20. Shareholders of record as of May 19 will receive six additional shares for each share they hold, increasing outstanding shar...
Visa announced another crypto venture this week, revealing an investment in stablecoin infrastructure company BVNK. London-based BVNK announced the “strategic investment” from Visa via the payment giant’s Visa Ventures arm. It did not reveal the size of the investment, but said it came following the firm’s $50 million Series B round in December. BVNK says it’s building a “real time, 24-7, 365 payments network” for businesses using blockchains. Only last week, Visa announced that it was partne...