Streetbeat News

Security

BTCUSD

Peter Kambolin, CEO of Systematic Alpha Management, has been sentenced to two years in prison for a 'cherry-picking' crypto scam. He defrauded investors by misallocating profitable trades to his own accounts, ensuring he benefited while investors faced losses. The DoJ highlighted Kambolin's use of the fraudulent funds for a lavish lifestyle, including leasing a beachfront apartment and transferring money to foreign accounts.

Portfolio Pulse from Mehab Qureshi

January 23, 2024 | 10:04 am

TSLA

Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), visited Auschwitz and declared himself 'aspirationally Jewish' after lighting a candle in memory of Holocaust victims. His visit was part of an event by the European Jewish Association to combat rising antisemitism. Musk has faced criticism for allowing antisemitic hate speech on Twitter, which he owns, and a study found an increase in antisemitism on the platform after he took over.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 8:48 am

CRWD

MSFT

CrowdStrike CEO George Kurtz discussed the challenges of combating Russian hackers, specifically Nobelium, after they breached Microsoft's security and accessed top executives' emails. Kurtz highlighted Nobelium's 'low and slow' tactics, which are difficult to detect. He also mentioned that CrowdStrike's algorithms have been successful in stopping Nobelium previously and that some of Microsoft's customers have sought additional support from CrowdStrike.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 7:08 am

BTCUSD

ETHUSD

The SEC was targeted in a 'SIM swap' attack, leading to a false announcement on their Twitter account about the approval of spot Bitcoin ETFs. The fake news was quickly corrected by SEC Chair Gary Gensler, who confirmed the account was compromised. The SEC is investigating the breach with the help of the FBI and other agencies. There is no evidence that the hacker accessed any SEC systems or data beyond the Twitter account.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 10:03 pm

EIS

SPY

USO

Israel has proposed a two-month ceasefire to Hamas, mediated by Qatar and Egypt, to facilitate the release of all hostages in Gaza. The multi-phase deal, approved by the Israeli war cabinet, includes the release of hostages in various categories and the redeployment of Israeli Defense Forces. President Biden's adviser Brett McGurk is involved in talks to progress the negotiations. The White House supports the ceasefire to allow humanitarian aid into Gaza. The deal does not include ending the war or releasing all Palestinian prisoners.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 8:09 pm

SPY

The Federal Reserve Inspector General released findings from a probe into the securities trading activities of former Dallas and Boston Fed Presidents. The report scrutinizes their trading actions.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:06 pm

ALK

BA

Alaska Air has reported that their checks on Boeing 737-900ER aircraft have revealed no issues so far. This follows a directive for inspections due to potential fuselage skin cracks.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:47 pm

LAES

SEALSQ Corp (NASDAQ: LAES) is set to revolutionize cryptocurrency security with its post-quantum semiconductor technology through the launch of SEALCOIN.AI. This new cryptocurrency is designed to be robust against quantum computing attacks, ensuring secure transactions. SEALCOIN, currently in pre-registration, will be available on exchanges by end of Q2 2024. SEALSQ's technology also includes NFC Microchips and cryptochip cards for physical product authentication and blockchain key management, aiming to enhance IoT and M2M economy.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 3:01 pm

LDI

loanDepot reported an update on a cyber incident initially disclosed on January 8, 2024, revealing that an unauthorized third party accessed sensitive personal information of about 16.6 million individuals in its systems. The company will offer affected individuals free credit monitoring and identity protection services.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 12:45 pm

META

MSFT

Nightshade, a free tool developed by the University of Chicago, allows artists to use 'data poisoning' to protect their copyrighted images from being used by AI image generators. The tool subtly alters images to disrupt AI training without affecting human perception. This comes amid concerns over AI misuse, highlighted by Scarlett Johansson's lawsuit against an AI generator and the launch of new AI image generators by Meta Platforms Inc. and Microsoft Corp.-backed OpenAI.

Portfolio Pulse from Rounak Jain

January 22, 2024 | 10:54 am