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Canaan CFO Resigns Citing 'Personal Reasons'

The company's director of finance will serve as acting CFO.

By Zack Voell
Updated Dec 12, 2022, 12:54 p.m. Published Feb 9, 2021, 4:33 p.m.
Canaan mining machine
Canaan mining machine

Publicly traded mining machine manufacturer Canaan Inc.https://hashrateindex.com/stocks/can (CAN) announced the resignation of CFO Quanfu Hong and named Tong He as acting CFO.

  • Hong's resignation was due to "personal reasons," the Beijing-based company said.
  • Acting CFO He has served as the company's director of finance since July 2020.
  • A date for the Nasdaq-listed company's earnings has not been set yet.
  • Shares of Canaan have gained 8% so far in 2021, currently trading around $7.25. Bitcoin rose over 50% in the same period.
Bitcoin MiningNasdaqCanaan Creative

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Gemini Approved by CFTC to Offer U.S. Prediction Markets, Stock Surges Nearly 14%

By Siamak Masnavi, AI Boost|Edited by Omkar Godbole
2 hours ago
Gemini co-founders Cameron and Tyler Winklevoss at White House (Jesse Hamilton/CoinDesk)

The decision allows Gemini’s affiliate to offer supervised event-contract markets to U.S. users, adding regulated forecasting tools as the firm expands its product lineup.

What to know:

  • Gemini said its affiliate, Gemini Titan, received CFTC approval to operate as a Designated Contract Market.
  • The firm stated that the license enables it to offer regulated prediction markets to U.S. customers.
  • The Winklevoss twins praised the decision as aligning with President Trump’s push for U.S. leadership in the crypto sector.
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