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Security

SPY

U.S. Senate Banking Committee Chairman Sherrod Brown has called for an Inspector General review of a compromise of the SEC's account on Social Platform X.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 7:30 pm

BTCUSD

The SEC's social media account was compromised, leading to a fake post about the approval of a spot Bitcoin ETF, which was later debunked by SEC chair Gary Gensler. Fundstrat's Tom Lee sees this as a reminder of Bitcoin's trustworthiness in a 'trustless world'. Despite the incident, Lee is optimistic about Bitcoin's future, predicting it could reach $150,000 within a year and $500,000 in five years. Bitcoin's price saw a 3% drop to $45,445 following the fake post.

Portfolio Pulse from Adam Eckert

January 10, 2024 | 7:25 pm

USO

An armed drone was shot down over an air base in Northern Iraq that houses U.S. forces. The incident highlights ongoing security concerns in the region, which could potentially affect oil prices and market stability due to the geopolitical tensions.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:30 pm

BA

Boeing CEO admitted on CNBC to a 'quality escape' that permitted the unsafe 737 Max-9 to fly, raising concerns about the company's quality controls and safety measures.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:10 pm

BA

On CNBC, Boeing's CEO stated that a fuselage plug can never blow out from an airplane, addressing a potential safety concern.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 6:05 pm

SPY

VGK

NATO allies have committed to providing billions of euros in additional capabilities to Ukraine in 2024, according to a statement cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 5:11 pm

BTCUSD

The SEC's hacked Twitter account falsely indicated approval of a Bitcoin ETF, causing Bitcoin's price to fluctuate and over $200 million to be liquidated. Despite concerns, analysts believe the Wednesday deadline for ETF approval will not be affected. Nate Geraci of ETFStore and Ophelia B Snyder of 21Shares both expect the process to continue as scheduled. An SEC spokesperson confirmed that any approvals would be reflected in the EDGAR database. A poll by Shardi B Trading showed market confidence shaken, but Reuters sources and eTORO analyst Josh Gilbert remain optimistic about the approval and potential for a 'sell the news' event.

Portfolio Pulse from Khyathi Dalal

January 10, 2024 | 4:13 pm

BB

VicOne and BlackBerry have partnered to enhance cybersecurity for automotive OEMs and fleet operators by using machine-learning at the edge and cloud-controlled vehicle data access. This collaboration aims to streamline the process of identifying cyberattacks, distinguishing them from non-malicious events more efficiently.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 3:40 pm

BTCUSD

ETHUSD

Bitcoin's price fell below $45,000 after a false start on ETF approval due to a hacked SEC tweet. Analysts from QCP Capital and K33 Research suggest that an actual ETF approval may not significantly impact Bitcoin's price as it might be already priced in. They also note potential changes in market dynamics, such as reduced volatility and influence of crypto whales, and impacts on the futures market. Ethereum's standing in relation to Bitcoin is also discussed.

Portfolio Pulse from Murtuza Merchant

January 10, 2024 | 3:31 pm

KSCP

Knightscope has announced the deployment of its security robots at three different locations: a church, a medical center, and an amusement and recreation services facility. Each location has installed the K1 Hemisphere ASR, and the recreation facility has also added a K5 ASR.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 2:51 pm