Streetbeat News

Regulatory

AULT

Ault Alliance has withdrawn certain proposals from its Annual Meeting of Stockholders and lowered the quorum percentage needed to conduct business. The meeting was adjourned from December 29, 2023, to January 12, 2024, due to the lack of quorum.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:49 am

BTCUSD

The SEC's Twitter account was compromised, leading to a false tweet about the approval of Bitcoin ETFs, which caused a temporary drop in Bitcoin's price. SEC Commissioner Gary Gensler confirmed the breach. A digital artist immortalized Gensler's clarifying tweet on the Bitcoin blockchain. Bitcoin's functionality has expanded with the Taproot upgrade, allowing for unique data to be encoded in transactions, similar to NFTs on Ethereum.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 5:43 am

BTCUSD

TWTR

Elon Musk's Twitter confirmed that the SEC's Twitter account was compromised due to lack of two-factor authentication (2FA). An unauthorized tweet about Bitcoin ETFs caused a temporary spike in Bitcoin's price. Twitter, under Musk, has made 2FA a paid service via Twitter Blue since March 2023. The SEC has not approved Bitcoin ETFs, as clarified by SEC Chair Gary Gensler.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 4:30 am

GOOG

GOOGL

MSFT

FBI Director Christopher Wray and U.S. Cyber Command General Paul Nakasone have warned of increasing cyber threats from China and cybercriminals targeting U.S. AI firms. Companies like Alphabet Inc's Google and Microsoft Corp are at risk due to their innovation and intellectual property. The FBI and U.S. Cyber Command are working together to counter these threats, emphasizing the importance of AI in national defense and the need for partnerships to protect intellectual property.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 3:33 am

GOOGL

MSFT

FBI Director Christopher Wray and U.S. Cyber Command General Paul Nakasone have warned of increasing cyber threats from China and cybercriminals targeting U.S. AI firms. American AI industry leaders like Alphabet Inc's Google and Microsoft Corp, along with OpenAI, are at risk of cyberattacks aimed at their innovation and intellectual property. The FBI and U.S. Cyber Command are working together to counter these threats, which are considered a matter of national security. The National Security Agency has established the AI Security Center to bolster AI capabilities in national security systems.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 3:32 am

META

A Meta Platforms Inc. (NASDAQ:META) employee claims she's under investigation after complaining about censorship of pro-Palestinian content. She alleges that a letter she co-authored, which gained support from 450 colleagues, was removed from Meta's internal forum and her system access was revoked. Meta's spokesperson emphasized the company's non-political workplace policy and commitment to a respectful and inclusive environment. This incident adds to the scrutiny Meta faces over content moderation and allegations of bias in handling Palestinian content.

Portfolio Pulse from Ananya Gairola

January 10, 2024 | 3:12 am

BTCUSD

DOGEUSD

Elon Musk humorously responded to the SEC's Twitter account hack with a Dogecoin meme, joking that 'LFGDogeToTheMoon' was the SEC's password. The SEC's account had erroneously tweeted approval of Bitcoin ETFs, which was later corrected. Musk's comment comes after a period of silence on Dogecoin, and despite his statement in December that he doesn't spend much time thinking about cryptocurrencies. Dogecoin's price was slightly down at the time of reporting.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:55 am

AEHR

COIN

GBTC

TGTX

TSLA

U.S. stock indices ended mixed on Tuesday, with the Dow Jones and S&P 500 down, while the Nasdaq slightly up. Grayscale Bitcoin Trust (GBTC) remained stable amid Bitcoin volatility. Coinbase (COIN) shares fell after a price target increase and French regulatory approval. TG Therapeutics (TGTX) declined despite a new agreement to expand its autoimmune portfolio. Aehr Test Systems (AEHR) rose despite expecting revenue delays. Tesla (TSLA) shares dropped as CEO Elon Musk addressed allegations regarding a former director's departure.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 2:45 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced significant price fluctuations after a fake tweet from the SEC's compromised account falsely indicated the approval of a spot Bitcoin ETF. Bitcoin surged to $47,900 but then dropped to $45,000 upon the news being debunked. Over $214 million in crypto positions were liquidated in 24 hours. The global crypto market cap increased by 5.29%. The S&P 500 and Nasdaq saw minor movements. Analysts warn of potential fakeout rallies and corrections for Bitcoin, with a focus on upcoming inflation reports for further market direction.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:30 am

BTCUSD

Peter Schiff, a noted economist, expressed skepticism about the potential rally in Bitcoin following the anticipated approval of Bitcoin ETFs. He referenced the recent volatility caused by a compromised tweet from Gary Gensler's account, which falsely announced Bitcoin ETF approval. Schiff suggested that with many speculators expecting a rally, the market is unlikely to deliver when actual approval occurs. Bitcoin's price experienced a spike and subsequent drop following the fake news, and Schiff advised that it might be better to sell before the actual news materializes.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 1:15 am