Streetbeat News

Regulatory

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Several popular cryptocurrencies including Bitcoin and Ethereum are experiencing a surge after a judge ruled that Ripple's sales of XRP do not constitute offers of investment contracts. The SEC had sued Ripple in late 2020, alleging that the company and two of its executives raised over $1.3 billion through an unregistered securities offering. The ruling is likely to set a standard for the rest of the crypto space.

Portfolio Pulse from Adam Eckert

July 13, 2023 | 4:24 pm

AI

C3.ai has received a notice of allowance for its US patent application 17/592,781 titled 'Artificial Intelligence Transaction Risk Scoring And Anomaly Detection'.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:20 pm

BAC

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COIN

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Coinbase Global Inc. CEO, Brian Armstrong, initiated a Twitter poll to investigate claims that Bank of America Corp. is closing accounts linked to transactions with the exchange. The poll was sparked by a claim from Muneeb Ali, co-founder of blockchain firm Stacks, who alleged that his personal account with the bank was closed due to his use of an account to purchase Bitcoin via Coinbase. Approximately 9% of respondents indicated that their accounts had been closed due to transactions with Coinbase.

Portfolio Pulse from Murtuza Merchant

July 13, 2023 | 4:18 pm

SPY

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Russian President Vladimir Putin has stated that despite being in contact with the United Nations, efforts to reach a deal regarding the Black Sea have been unsuccessful.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:09 pm

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BTCUSD

Galaxy Digital Holdings Ltd. CEO, Mike Novogratz, predicts a rise in Bitcoin's value by the end of the year and anticipates the approval of Bitcoin ETFs in the U.S. This growth is largely attributed to the anticipation of a potential US approval of a Bitcoin ETF. The approval of a Bitcoin ETF will lead to widespread adoption of Bitcoin by investors through firms like BlackRock Inc. and Invesco. Galaxy, currently listed in Toronto, is working towards becoming a Delaware-incorporated company and plans to list on the Nasdaq, pending an ongoing review by the SEC.

Portfolio Pulse from Murtuza Merchant

July 13, 2023 | 4:09 pm

FXI

SPY

China's top envoy, Wang Yi, has stated that the U.S. and China need to take practical actions to bring their ties back onto the right track, according to Reuters citing Xinhua.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:08 pm

META

OpenAI, the maker of ChatGPT, is under investigation by the Federal Trade Commission (FTC) for potential consumer protection law violations. The FTC is probing whether OpenAI engaged in unfair or deceptive practices. Additionally, a lawsuit has been filed by comedian Sarah Silverman and authors Christopher Golden and Richard Kadrey, claiming that ChatGPT and Meta Platform Inc's Large Language Model (LLaMA) infringed their copyright rights by using data from 'shadow library' sites.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 4:06 pm

EWG

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VGK

Germany is preparing for bilateral Chinese-German government consultations and will consult the EU in this process. The consultations are seen as an opportunity to advance the EU-Chinese agenda, according to the German China Strategy Paper.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:05 pm

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A judge has ruled that a cryptocurrency token sold to the public may not be classified as securities. This could potentially impact the regulatory landscape for cryptocurrencies.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:04 pm

PRGO

Perrigo Company plc's (NYSE:PRGO) shares are trading higher after the FDA approved the company's Opill, a progestin-only daily oral contraceptive for over-the-counter use for all ages. Opill is the first-ever birth control pill available over the counter in the U.S. The pill will be available in-store and online at leading retailers across the U.S. early in the first quarter of 2024.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 3:58 pm