Streetbeat News

Regulatory

UUP

The IDF claims that Hamas is using Gaza hospitals, including Al-Rantisi, for military purposes, which Hamas denies. President Biden and the WHO call for the protection of these hospitals amid the conflict. Israeli stocks and the shekel strengthened following a global market rally due to a softer U.S. inflation report. The Invesco DB USD Index Bullish Fund ETF (UUP) saw the U.S. dollar index drop by 1% after the inflation report.

Portfolio Pulse from Piero Cingari

November 14, 2023 | 4:03 pm

EIS

SPY

President Biden expressed optimism about the release of hostages, indicating that he believes it is going to happen. The article does not provide further details on the context or the impact on specific companies or ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:56 pm

FXI

SPY

President Biden emphasized the importance of normal and military communication with China, stating efforts to improve the U.S.-China relationship.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:55 pm

BTCUSD

Alex Konanykhin, CEO of Unicoin, compared the crypto market to the early days of the Internet at the Benzinga Future of Digital Assets event. He highlighted Bitcoin's growth and the crypto market's peak capitalization, while acknowledging its volatility and current market cap of $1.4 trillion. Konanykhin sees cryptocurrencies as a natural evolution of money and noted the lack of regulations in the sector, referencing the collapse of FTX. He presented Unicoin as a regulated alternative aiming to attract institutional investors.

Portfolio Pulse from Murtuza Merchant

November 14, 2023 | 3:53 pm

NMR

Crypto.com's Dubai business, CRO DAX Middle East FZE, has been granted a provisional license by Dubai's Virtual Assets Regulatory Authority (VARA) to provide virtual asset services. The license is contingent upon meeting certain conditions and localisation requirements. Dubai is recognized for its effective crypto regulation and support for innovation. Previously, Komainu, a venture involving Nomura (NYSE:NMR), received a similar license in Dubai.

Portfolio Pulse from Tanzeel Akhtar

November 14, 2023 | 3:42 pm

BTCUSD

ETHUSD

Katherine Wu, a key figure in the fintech space, has indicated that despite challenges, people are continuing to build within the U.S. fintech industry. She notes that there is a significant effort to make the industry work in the U.S. context. Wu also mentions that there has been considerable feedback from global lawmakers who study the U.S. fintech market but do not utilize it. Additionally, there is an interest in raising capital from U.S. investors for fintech initiatives.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:23 pm

SPY

Cody Carbone expresses a bearish stance on a particular ETF, which is facing new pressures from major financial institutions BlackRock and Fidelity. Meanwhile, U.S. SEC Chair Gary Gensler reaffirms his position despite facing pressure and being presented with facts.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:20 pm

BTCUSD

ETHUSD

Cody Carbone discussed the use of cryptocurrencies in illicit finance, noting that the UN estimates only 2.5% of crypto is used for such purposes. The discussion took place during the Benzinga Fintech Awards event, which was live-streamed.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:15 pm

BTCUSD

ETHUSD

Cody Carbone comments on the challenges faced by the cryptocurrency industry due to reactionary policies from Congress, influenced by sensational headlines linking FTX and Hamas. He emphasizes the need for the industry to be proactive and focus on educating lawmakers to foster a better understanding of the sector.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 3:14 pm