Streetbeat News

Regulatory

BTBT

Sam Bankman-Fried, the founder of the collapsed FTX, now has improved access to a laptop and internet, according to the U.S. Department of Justice. The DOJ has responded to a judge’s order for a report on the conditions faced by Bankman-Fried at the Manhattan Detention Center in Brooklyn. The DOJ’s statement comes after Bankman-Fried’s defense team argued that their client needed to be released from jail to work on his defense.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 9:44 am

EWU

The Bank of England has increased its mortgage rate from 7.60% to 7.85% on August 7.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:03 am

VGK

The Eurozone's preliminary Gross Domestic Product (GDP) year-on-year growth rate is reported at 0.5%, lower than the estimated 0.6% and the prior rate of 1.1%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:02 am

VGK

The Eurozone's preliminary Gross Domestic Product (GDP) for Q2 has come in at 0.1%, lower than the estimated 0.3% and the prior figure of 0.0%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:01 am

AAPL

META

The UK government is holding firm on the Online Safety Bill, which requires messaging platforms to provide access to users' encrypted messages in case of suspicions of child abuse content. Tech companies, including Meta Platforms Inc.'s WhatsApp and Apple Inc.'s iMessage, have expressed concerns over user privacy. If the bill becomes law, Apple has threatened to withdraw iMessage and FaceTime from the UK market.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 6:52 am

BTCUSD

Charles James Randol, owner of Digital Coin Strategies LLC, has pleaded guilty to aiding in money laundering activities, according to the United States Department of Justice. Randol admitted to enabling scammers and drug traffickers to launder millions of dollars through his cryptocurrency-cash exchange company. He pleaded guilty to a single-count charge of failing to maintain an effective Anti-Money Laundering (AML) program, which could lead to a maximum sentence of five years in federal prison.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 6:27 am

AAPL

FXI

China is planning to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and state companies. This could pose significant challenges for Apple Inc. in its biggest foreign market and global production base. Several agencies have already begun instructing staff not to bring their iPhones to work.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 4:51 am

ARK

ETHUSD

Ethereum whales have reportedly purchased approximately 260,000 ETH, valued close to $425 million, within the last 24 hours. This large-scale buying activity comes during a pivotal time for Ethereum, as Cathie Wood-led Ark Invest, in collaboration with 21Shares, lodged a proposal to the Securities and Exchange Commission for an Ethereum ETH/USD-based ETF, named ARK 21Shares Ethereum ETF. The ETF is designed to provide investors with direct access to Ethereum and is set to be listed on the Cboe BZX Exchange.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 4:08 am

EWA

Australia's Building Approvals have decreased by 8.1% month-on-month, matching the estimated decrease and showing a slight increase from the prior decrease of 7.9%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 3:54 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin remained largely flat on Tuesday as the global cryptocurrency market cap rose slightly by 0.4% to $1.04 trillion. The Financial Accounting Standards Board (FASB) has unanimously decided to endorse regulations for the accounting of fair values associated with companies’ cryptocurrency holdings, effective from 2025. Meanwhile, the dollar index rose to 104.84, unnerving investors. Cryptocurrency trader Michaël van de Poppe advised investors to 'just survive this month' and predicted a positive outlook for Bitcoin and Ethereum.

Portfolio Pulse from Shivdeep Dhaliwal

September 07, 2023 | 2:51 am