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Security

DCGO

Fuzzy Panda Research has published a report alleging that DocGo (DCGO) is involved in Medicare fraud, based on allegations from employees. The report has led Fuzzy Panda Research to take a short position in DocGo's stock.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:42 pm

BTCUSD

A hacked tweet from the SEC about fake Bitcoin ETF approvals caused a market surge and subsequent crash, leading to over $220 million in liquidations. Long-position holders in Bitcoin suffered the most, with $133.5 million liquidated. The incident is the second-largest liquidation event of the year, affecting over 70,000 traders. ByBit, Binance, and OKX experienced significant liquidations. The event has raised concerns about the centralization of crypto and its deviation from its original purpose.

Portfolio Pulse from Murtuza Merchant

January 10, 2024 | 1:34 pm

COIN

MARA

MSTR

RIOT

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 12:49 pm

BTCUSD

The SEC's Twitter account was compromised, leading to a false tweet about the approval of Bitcoin ETFs, which caused a temporary drop in Bitcoin's price. SEC Commissioner Gary Gensler confirmed the breach. A digital artist immortalized Gensler's clarifying tweet on the Bitcoin blockchain. Bitcoin's functionality has expanded with the Taproot upgrade, allowing for unique data to be encoded in transactions, similar to NFTs on Ethereum.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 5:43 am

BTCUSD

TWTR

Elon Musk's Twitter confirmed that the SEC's Twitter account was compromised due to lack of two-factor authentication (2FA). An unauthorized tweet about Bitcoin ETFs caused a temporary spike in Bitcoin's price. Twitter, under Musk, has made 2FA a paid service via Twitter Blue since March 2023. The SEC has not approved Bitcoin ETFs, as clarified by SEC Chair Gary Gensler.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 4:30 am

GOOG

GOOGL

MSFT

FBI Director Christopher Wray and U.S. Cyber Command General Paul Nakasone have warned of increasing cyber threats from China and cybercriminals targeting U.S. AI firms. Companies like Alphabet Inc's Google and Microsoft Corp are at risk due to their innovation and intellectual property. The FBI and U.S. Cyber Command are working together to counter these threats, emphasizing the importance of AI in national defense and the need for partnerships to protect intellectual property.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 3:33 am

GOOGL

MSFT

FBI Director Christopher Wray and U.S. Cyber Command General Paul Nakasone have warned of increasing cyber threats from China and cybercriminals targeting U.S. AI firms. American AI industry leaders like Alphabet Inc's Google and Microsoft Corp, along with OpenAI, are at risk of cyberattacks aimed at their innovation and intellectual property. The FBI and U.S. Cyber Command are working together to counter these threats, which are considered a matter of national security. The National Security Agency has established the AI Security Center to bolster AI capabilities in national security systems.

Portfolio Pulse from Benzinga Neuro

January 10, 2024 | 3:32 am

BTCUSD

DOGEUSD

Elon Musk humorously responded to the SEC's Twitter account hack with a Dogecoin meme, joking that 'LFGDogeToTheMoon' was the SEC's password. The SEC's account had erroneously tweeted approval of Bitcoin ETFs, which was later corrected. Musk's comment comes after a period of silence on Dogecoin, and despite his statement in December that he doesn't spend much time thinking about cryptocurrencies. Dogecoin's price was slightly down at the time of reporting.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:55 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies experienced significant price fluctuations after a fake tweet from the SEC's compromised account falsely indicated the approval of a spot Bitcoin ETF. Bitcoin surged to $47,900 but then dropped to $45,000 upon the news being debunked. Over $214 million in crypto positions were liquidated in 24 hours. The global crypto market cap increased by 5.29%. The S&P 500 and Nasdaq saw minor movements. Analysts warn of potential fakeout rallies and corrections for Bitcoin, with a focus on upcoming inflation reports for further market direction.

Portfolio Pulse from Mehab Qureshi

January 10, 2024 | 2:30 am

BTCUSD

The SEC's Twitter account was hacked, falsely signaling approval of Bitcoin ETFs, which led to a significant impact on Bitcoin's price. The SEC corrected the misinformation, causing a price drop. Legal experts suggest an internal investigation for potential market manipulation. Senator Bill Hagerty called the incident 'unacceptable' and demanded accountability. The SEC's new cybersecurity rules may also be scrutinized. Analysts and industry experts provided mixed reactions, with some expecting a Bitcoin ETF approval and others remaining skeptical.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 11:01 pm