Streetbeat News

Legal

BTC-USD

Kristy Lynn Felkins, a Nevada woman, has been sentenced to five years in prison for hiring a hitman with $5,000 worth of Bitcoin (CRYPTO: BTC) to kill her ex-husband. The dark web platform she used turned out to be a scam. At the time of writing, BTC was trading at $29,107, down 2.39% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

July 25, 2023 | 12:12 pm

DOGEUSD

TSLA

Elon Musk, CEO of Tesla and owner of X Corp, commented on Twitter's temporary rebranding to a Shiba Inu dog, the mascot of Dogecoin, stating it had no significant impact. This follows a previous incident where Dogecoin's logo replaced Twitter's icon, causing Dogecoin's price to surge over 20% in 30 minutes. Musk is currently facing a $250-million lawsuit alleging he used a pyramid scheme to inflate Dogecoin's price.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 7:41 am

META

Elon Musk's unveiling of Twitter's new logo, a distinctive 'X' design, has sparked potential legal concerns over trademark infringement with Meta Platforms Inc.'s own 'X' logo. Meta's 'X' logo was officially registered by the U.S. Patent and Trademark Office in June 2019. The potential trademark battle between Musk's Twitter, now called 'X', and Mark Zuckerberg-led Meta adds more nuances to the scenario.

Portfolio Pulse from Ananya Gairola

July 25, 2023 | 4:46 am

COIN

HOOD

Sam Bankman-Fried, the ex-crypto billionaire and founder of FTX trading platform, is under house arrest following allegations of massive fraud. Before his legal issues, he was a prominent investor in various cryptocurrency and fintech projects, including Worldcoin, a project launched by OpenAI CEO Sam Altman. Bankman-Fried's investments in 2022 included Voyager Digital, BlockFi, and a 7.6% stake in Robinhood Markets Inc (NASDAQ:HOOD).

Portfolio Pulse from AJ Fabino

July 24, 2023 | 9:40 pm

AMC

APE

AMC Entertainment Holdings Inc's stock traded higher on Monday after a court rejected the company's proposed settlement with shareholders. However, the shares pulled back after hours due to new developments related to the case. The company had proposed a settlement that would have allowed for the conversion of APE units into common shares and included a reverse stock split. AMC submitted a revised settlement on Monday.

Portfolio Pulse from Adam Eckert

July 24, 2023 | 9:28 pm

AMC

AMC Entertainment Holdings Inc's revised deal with Ape Entertainment is set to go back to the judge on an expedited timeline. The details of the revised deal were not disclosed in the article.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:58 pm

TCNNF

Cannabis regulations are evolving across the US, with updates in Minnesota, Washington State, Illinois, and Arizona. The American Trade Association for Cannabis and Hemp is urging Senate leaders to pass the SAFE Banking Act, which would allow cannabis businesses to access banking services. Minnesota is considering banning public cannabis smoking, while Seattle is enhancing labor protections for cannabis dispensary employees. Phoenix has granted Trulieve Cannabis Corp (OTCQX:TCNNF) a six-month extension to rectify its odor issue.

Portfolio Pulse from Joana Scopel

July 24, 2023 | 8:56 pm

BUD

DIS

Former New Jersey Governor Chris Christie criticized Florida Governor Ron DeSantis' decision to pursue a lawsuit against Anheuser-Busch Inbev SA (NYSE:BUD), the parent company of Bud Light, over their advertising decisions. DeSantis blames Bud Light's hiring of transgender star Dylan Mulvaney for the company's poor sales. Christie argues that consumers have the power to decide what they buy and don't need the government to make these decisions for them. DeSantis' recent legal spats with Walt Disney Co. (NYSE:DIS) and Inbev have drawn criticism from fellow Republicans.

Portfolio Pulse from Anthony Noto

July 24, 2023 | 8:41 pm

ABCL

The U.S. Patent Trial and Appeal Board (PTAB) has denied a rehearing request by Berkeley Lights, Inc. that challenged AbCellera's U.S. Patent No. 10,087,408. The patent is directed to microfluidic devices used in AbCellera's monoclonal antibody development engine. The decision strengthens AbCellera's patent claims and the company is looking forward to resuming its patent infringement cases against Berkeley Lights.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:18 pm

ADBE

Adobe's $20 billion acquisition of Figma is facing regulatory scrutiny from the European Union, following a similar review by UK regulators. US watchdogs are also preparing for a lawsuit opposing the deal.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 7:30 pm