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In South Korea, altcoins and the Tron network are preferred over Bitcoin and Ethereum for deposits and withdrawals, according to DeSpread Research. This trend is driven by centralized exchanges like Upbit, which accounts for about 80% of the Korean crypto exchange market. Upbit users also prefer Tron over Ethereum due to lower fees and faster transaction processing. Daily transactions via the Tron network reach up to 2 million, compared to Ethereum's roughly 100,000 transactions.

Portfolio Pulse from Murtuza Merchant

October 27, 2023 | 1:49 pm

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BTCUSD

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Bitcoin (BTC) and Ethereum (ETH) traded lower on Friday, with ETH falling below the key $1,800 mark. Core PCE prices in the US rose by 0.3% from the prior month in September. The global crypto market cap fell to $1.26 trillion, recording a 24-hour decline of 0.6%. BTC was trading lower by 0.5% at $34,161 while ETH fell by around 1.6% to $1,795. Neo (NEO) was the top gainer over the prior 24 hours, while Bitcoin SV (BSV) was the biggest loser.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 1:33 pm

AMZN

The article discusses the use of FHA loans as a means to enter real estate investing with as little as $5,000. FHA loans are government-backed mortgages that assist people in less than ideal financial situations to buy a home. The article provides examples of individuals who have successfully used FHA loans to start their real estate careers, including Ludomir Wanot, who left a six-figure position at Amazon.com Inc (NASDAQ:AMZN) to pursue real estate full-time.

Portfolio Pulse from Adam Eckert

October 27, 2023 | 1:18 pm

CLSK

CleanSpark Inc. (NASDAQ:CLSK) has announced that it has surpassed a total hashrate of 10 exahashes per second (EH/s), a milestone few publicly traded bitcoin mining companies have achieved. The company's efficiency gains are driven by software optimizations and fleet improvements. CleanSpark recently purchased 4.4 EH/s of Antminer S21 bitcoin mining machines, expected to be delivered in early 2024, which will increase the company's total hashrate to over 20 EH/s.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 1:04 pm

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Grayscale Investments, the world's largest crypto asset manager, is planning to launch 40 more digital asset-backed ETFs. The firm's global head of ETFs, Dave LaValle, stated that the firm is focused on providing optionality, access, transparency, and fairness for all levels of retail and institutional investors. Grayscale has also filed a Registration Statement with the SEC for three other funds: Grayscale Ethereum Futures ETF, Grayscale Global Bitcoin Composite ETF, and Grayscale Privacy ETF.

Portfolio Pulse from Justin Roberti

October 27, 2023 | 1:04 pm

SPY

The Core PCE Price Index for September has met the estimated increase of 0.3% month-on-month.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:30 pm

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L.B. Foster Co has updated its expected total costs associated with its exit from the bridge grid deck business to range between $4.5M to $4.8M, according to an SEC 8K filing.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:24 pm

ABAT

American Battery Technology Company (ABTC) has announced positive results from its third exploration drill program at its Tonopah Flats Lithium Project in Nevada. The program consisted of 8 holes totaling approximately 6,700 feet of sampling and achieved the target core drilling depth of over 1,400 feet. To date, the company has received third-party assay results for 6 of the 8 holes, with results further supporting the development of this domestic resource towards upgraded Measured and Indicated classifications. The company was awarded a $4.5-million grant from the U.S. Department of Energy in 2021 to accelerate the commercialization and scale-up of this critical battery-grade lithium manufacturing technology.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:22 pm

AUID

AuthID Inc. has amended its services agreement with The Pipeline Group, Inc. (TPG) to include additional services. As per the amendment, AuthID will pay TPG $70,000 per month for the remainder of the initial one-year term. The services include outsourced sales, business development resources for outbound calling, support for automated dialing technology, and classification of customer data.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 12:17 pm

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Citigroup Inc plans to provide most of its 40,000 coders access to generative artificial intelligence (AI) in 2024. The bank has already allowed 250 developers to experiment with generative AI and intends to extend this program. The bank's risk and compliance unit used AI to analyze new capital rules released by U.S. federal regulators. Citigroup is also using AI to modernize its systems and transition from older coding languages to newer ones. Other investment banks like Morgan Stanley and JP Morgan Chase & Co have also used generative AI technology.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 12:08 pm