Streetbeat News

Regulatory

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COIN

Since the Coinbase IPO in April 2021, both Coinbase shares and Bitcoin have experienced significant declines in value. However, investors would have fared better by investing directly in Bitcoin instead of the Coinbase IPO.

Portfolio Pulse from Chris Katje

June 06, 2023 | 7:47 pm

COIN

Coinbase CEO Brian Armstrong is determined to fight the SEC lawsuit against the company, expressing confidence in the facts and the law. Armstrong criticized the SEC's 'regulation by enforcement' approach and called for clarity on cryptocurrency regulations.

Portfolio Pulse from Murtuza Merchant

June 06, 2023 | 7:45 pm

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SEC Chair Gary Gensler stated that the US does not need additional digital currencies and is taking legal action against Binance and Coinbase Global Inc. for operating unauthorized securities exchanges. Gensler aims to demonstrate that tokens traded on these platforms should have been registered with the SEC.

Portfolio Pulse from Murtuza Merchant

June 06, 2023 | 7:44 pm

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Satixfy Communications has received a notice of allowance for its US patent application 17/624,405, titled 'Phased Array System and Method', which uses a novel beamforming system and chip to alleviate deficiencies in conventional systems.

Portfolio Pulse from Charles Gross

June 06, 2023 | 7:43 pm

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The FAA has validated Boeing's assessment that there is no immediate safety issue for 787 aircraft already in service.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 7:18 pm

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Merck has filed a lawsuit against the U.S. government to halt the implementation of the Medicare drug price negotiation program outlined in the Inflation Reduction Act, calling it 'extortion'. The law aims to achieve annual savings of $25 billion by 2031 through negotiations on drug prices covered by Medicare.

Portfolio Pulse from Vandana Singh

June 06, 2023 | 7:03 pm

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Tesla CEO Elon Musk said that China is planning to execute further government regulations on Artificial Intelligence technology after his visit to Beijing and Shanghai. The US is falling behind China and other regions in the deployment of regulation surrounding AI technology. Alphabet CEO Sundar Pichai also called for more AI regulation.

Portfolio Pulse from Natan Ponieman

June 06, 2023 | 6:58 pm

COIN

Coinbase Global Inc (NASDAQ:COIN) faces legal proceedings from 10 US states for allegedly violating securities regulations. The states have served a show cause notice, giving Coinbase 28 days to justify why it should not receive a stop-order. This comes after the SEC served Coinbase with a Wells Notice earlier this year.

Portfolio Pulse from Murtuza Merchant

June 06, 2023 | 5:44 pm

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White House Press Secretary stated that there is nothing in the Constitution preventing Medicare from negotiating lower drug prices, potentially impacting pharmaceutical companies and healthcare providers.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 5:13 pm

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Chinese stocks are trading higher after China's central bank reportedly instructed major state-owned banks to decrease dollar deposit interest rates to support the yuan. This comes as US officials report ongoing talks in Beijing.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 4:59 pm