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BTCUSD

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At the World Economic Forum in Davos, a panel called for more precise crypto regulation and questioned the utility of meme coins like Dogecoin. Ripple CEO Brad Garlinghouse expressed skepticism about Dogecoin's utility, while Dogecoin co-founder Shibetoshi Nakamoto defended it, comparing its fundamentals to Bitcoin. Dogecoin's price surged by 10% after the introduction of a specialized payment account, despite trading down 1.12% at the time of writing.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 7:46 am

BTCUSD

The pool of U.S. presidential candidates supportive of cryptocurrency has diminished with the withdrawal of Vivek Ramaswamy and Ron DeSantis from the race. This leaves Dean Phillips and Robert F. Kennedy Jr. as the remaining pro-crypto candidates. Donald Trump, who has previously criticized cryptocurrencies, has recently opposed central bank digital currencies (CBDCs) and launched a series of NFTs with Bitcoin Ordinals. Bitcoin's price is currently at $41,133, down 1.12%.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 7:10 am

NMR

RILY

The SEC is investigating B. Riley Financial Inc. for its dealings with a client linked to a failed hedge fund and securities fraud. The probe includes the use of the client's assets for a loan from Nomura Holdings Inc. B. Riley has not received any formal communication from the SEC regarding the investigation.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:07 am

NVDA

Nvidia CEO Jensen Huang visited China for the first time in four years amid growing U.S.-China tech rivalry. Huang's visit included stops at Nvidia's offices in Shenzhen, Shanghai, and Beijing, with his presence confirmed by an Nvidia representative. The purpose of the visit is not clear, but it coincides with concerns over U.S. sanctions on AI chip exports to China and the potential for Chinese firms to develop competing technology. Nvidia's stock has seen significant growth, with a 246% increase in 2023 and an additional 20% rise this year, reflecting investor confidence in its AI technology leadership.

Portfolio Pulse from Ananya Gairola

January 22, 2024 | 7:06 am

RILY

B. Riley Financial has responded to a Bloomberg News article regarding rumors of an SEC investigation, which the firm attributes to baseless allegations by short sellers. B. Riley denies any knowledge of an SEC investigation and states it would cooperate fully if one were to occur. The firm also reiterated its lack of involvement in the previously mentioned Prophecy investigation.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:06 am

GIL

Gildan Activewear Inc. has accused investment firm Browning West, LP of violating U.S. antitrust laws by failing to properly disclose its share accumulation in the company. Gildan claims that Browning West's actions could mislead the market and Gildan's shareholders. The company has filed a lawsuit to address these allegations and seeks to prevent Browning West from further increasing its stake without appropriate disclosure.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 6:04 am

FXI

The People's Bank of China has kept its Loan Prime Rate unchanged at 3.45%.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 5:36 am

PCCYF

XOM

Exxon Mobil Corp (XOM) has filed a lawsuit against its investors to block a climate proposal from being voted on at its May shareholder meeting. The proposal, backed by Arjuna Capital and Follow This, calls for Exxon to set Scope 3 emissions reduction targets. Exxon argues the proposal is driven by an extreme agenda and does not promote shareholder value. The company has faced recent challenges, including anticipated Q4 impairments and exiting the West Qurna 1 oilfield in Iraq, now led by PetroChina Co Ltd (PCCYF).

Portfolio Pulse from Benzinga Neuro

January 22, 2024 | 4:55 am

BTCUSD

Colorado-based pastor Eli Regalado, founder of INDXcoin, admitted to misappropriating $1.3 million from investors, mainly from his online congregation. He and his partner Kaitlin Regalado were charged by the Colorado Securities Commission for promoting a fraudulent token, INDXcoin, through their online exchange, Kingdom Wealth Exchange (KWE). Regalado claimed that half of the funds went to taxes and a significant amount to a home renovation 'instructed by God'. The exchange ceased operations on November 1 due to financial difficulties.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 4:12 am

AAPL

MASI

Apple Inc. has stopped selling smartwatches with blood oxygen tracking in the U.S. following a federal appeals court's denial to halt an ITC ban due to a patent dispute with Masimo Corp. This could impact Apple's planned health features, including sleep apnea detection expected in 2024. Masimo's CEO criticized Apple's blood oxygen feature as unreliable.

Portfolio Pulse from Ananya Gairola

January 22, 2024 | 1:50 am