Streetbeat News

Regulatory

BVN

Buenaventura has received a key environmental permit for its Yumpag project in Peru. This permit will allow the company to proceed with its mining operations in the region.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:24 am

BTCUSD

JPM

Over the past 24 hours, Bitcoin shorts worth over $24 million were liquidated, affecting 26,390 traders. The largest single liquidation order was on Bitmex, valued at $5.15 million. This comes as JPMorgan, the largest US bank, is developing a blockchain-based digital deposit token for cross-border payments and settlements. The bank has established most of the necessary infrastructure for the token, but regulatory approval is still pending.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 4:23 am

BBJP

DXJ

EWJ

Japan's Gross Domestic Product (GDP) for Q2 has been reported at 4.8%, lower than the estimated 6% and higher than the revised prior of 3.2%.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:12 am

BBJP

DXJ

EWJ

Japan's adjusted current account for July was reported at 276.69T, significantly higher than the estimated 2.24T and the revised prior figure of 234.59T. The non-seasonally adjusted current account for July was 2.772T, also surpassing the estimated 2.295T and the revised prior figure of 1.509T.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:10 am

BTCUSD

DOGEUSD

ETHUSD

JPM

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged following reports that JPMorgan is developing a blockchain-driven solution for cross-border transactions. The bank is making progress in developing a deposit token to streamline payment and settlement processes for corporate clients. The system will only become operational once regulatory approval is obtained in the US. Meanwhile, crypto exchange Binance is expanding its zero-fee trading promotion in Argentina, Brazil, and South Africa. The global crypto market capitalization stands at $1.04 trillion.

Portfolio Pulse from Mehab Qureshi

September 08, 2023 | 2:14 am

AAPL

DOCU

SWIN

TSLA

The stock market saw a subdued performance on Wednesday, with the Nasdaq marking its third consecutive session of losses. Solowin Holdings Limited saw a surge of 52.00% after its recent IPO. DocuSign’s stock declined by 1.23% despite reporting an 11% YoY increase in Q2 revenue. Block Inc. experienced a drop of 2.78% due to potential slowdown in gross profit growth. Apple’s stock declined by 2.92% due to China's recent ban on iPhones for government officials. Tesla’s stock saw a minor decline of 0.17% as the company gears up for the launch of its Cybertruck.

Portfolio Pulse from Benzinga Neuro

September 08, 2023 | 1:31 am

AMZN

AI-written books on mushrooms available on Amazon (NASDAQ:AMZN) have been criticized for containing potentially dangerous misinformation. The books, which are suspected to have been written by AI chatbots, include advice on mushroom foraging that experts have deemed inaccurate and unsafe. Amazon is reviewing the books and has removed some from its platform.

Portfolio Pulse from El Planteo

September 08, 2023 | 1:23 am

ADYEY

ARKF

ARKW

Dutch payment technology company Adyen (OTC:ADYEY) has been granted a banking license in the UK, allowing it to offer cash advances to small and medium-sized enterprises. The license also enables Adyen to continue offering its recently launched financial product suite in the UK. Cathie Wood's ARK Invest recently purchased shares of Adyen through ARK Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW).

Portfolio Pulse from Khyathi Dalal

September 07, 2023 | 11:03 pm

JPM

JPMorgan Chase & Co. is exploring the development of a blockchain-based digital deposit token to enhance the efficiency of international transaction settlements. The bank has laid the groundwork for this payment method, but it still requires approval from U.S. regulators. These tokens could offer fast settlements and potential cost savings. Pending regulatory approval, JPMorgan could introduce this product to its corporate clients within the next year.

Portfolio Pulse from Piero Cingari

September 07, 2023 | 10:20 pm

BNBUSD

ETHUSD

USDTUSD

The cryptocurrency world is facing increasing cybersecurity threats, with significant incidents involving Binance, Ethereum, and an FBI alert about Stake.com. Binance compensated users with $1 million due to a liquidity crunch with the CyberConnect token on the Upbit exchange. An Ethereum wallet holder lost $24 million in derivatives due to a phishing attack. The FBI identified North Korea's Lazarus Group as the perpetrator of a $41 million theft from Stake.com.

Portfolio Pulse from Murtuza Merchant

September 07, 2023 | 10:08 pm