Streetbeat News

Security

LAES

SEALSQ Corp (NASDAQ:LAES) announced its post-quantum semiconductor technology designed to protect cryptocurrency transactions from quantum computing threats. This technology aims to secure blockchain systems and enhance the digital financial ecosystem's defenses. The news has resulted in a 45% surge in LAES stock price to $1.67.

Portfolio Pulse from Nabaparna Bhattacharya

December 28, 2023 | 2:40 pm

BITQ

BTBT

CIFR

COIN

MSTR

PLTR

TSLA

Bitcoin SV surged 51%, outperforming Bitcoin and Ethereum. Microstrategy's increased Bitcoin holdings prompted Canaccord Genuity to raise its price target. Ark Invest bought ProShares Bitcoin ETF shares and sold Coinbase, Block, and Palantir shares. In other markets, Bit Digital and Cipher Mining stocks moved higher. US politics and economy saw developments, including corporate default warnings from Fitch and a recession forecast by Peter Schiff. Tech giants like Google, Apple, and Microsoft made headlines with AI and security updates. In the EV sector, Tesla and Xiaomi made news, while Ford recalled F-Series cars. Credit Suisse was fined by Singapore, and New Fortress Energy secured a significant contract in Brazil.

Portfolio Pulse from Akanksha Bakshi

December 28, 2023 | 2:10 pm

CING

LAES

MBOT

Cingulate (CING) received FDA guidance for its ADHD treatment, CTX-1301, and plans to submit an NDA in H1 2025. SEALSQ (LAES) revealed its post-quantum semiconductor technology to secure crypto transactions against quantum threats. Microbot Medical (MBOT) announced the successful completion of its GLP pivotal pre-clinical study under FDA guidelines using a porcine model.

Portfolio Pulse from ryanfaloona@benzinga.com

December 28, 2023 | 1:42 pm

AAPL

Apple Inc. (AAPL) faced pressure from the Indian government to mitigate the political fallout from iPhone hacking alerts sent to Indian journalists and opposition politicians. The government questioned Apple's threat algorithms and launched a probe into the security of Apple devices. Apple stood firm, defending its evidence-based warnings and emphasizing user privacy protection. The standoff reflects broader global tensions between tech companies and governments over influence and security.

Portfolio Pulse from Rounak Jain

December 28, 2023 | 12:24 pm

SEALSQ

SEALSQ announced its post-quantum semiconductor technology, which uses cryptographic algorithms to protect cryptocurrency transactions from potential quantum computing attacks. This technology is aimed at addressing the growing concern over the security of cryptographic systems in the face of advancing quantum computing capabilities.

Portfolio Pulse from Benzinga Newsdesk

December 28, 2023 | 12:02 pm

SCWX

Secureworks has filed a U.S. patent application (No. 20230421578) for systems and methods related to consensus-driven threat intelligence. This move indicates the company's ongoing efforts to enhance its cybersecurity offerings by developing new technologies to improve threat intelligence and response capabilities.

Portfolio Pulse from Charles Gross

December 28, 2023 | 11:17 am

AAPL

Apple Inc.'s iPhones were compromised for four years through a sophisticated attack exploiting iMessage vulnerabilities. Kaspersky researchers discovered four zero-day exploits used between 2019 and 2022. Apple addressed these in iOS 16.2 and added hardware security in newer iPhones. The full extent of a mysterious hardware feature remains unknown, prompting a call for further research.

Portfolio Pulse from Rounak Jain

December 28, 2023 | 9:20 am

LMT

North Korean leader Kim Jong Un has ordered the military to expedite war preparations in response to what he calls unprecedented provocative steps by the U.S. This directive was given during the 9th plenary meeting of the 8th central committee of the Workers' Party of Korea. Kim also emphasized the need to stabilize farming production due to the country's food crisis. Concurrently, South Korea plans to purchase 20 more stealth fighter jets from Lockheed Martin Corp. (NYSE:LMT) to enhance its defense capabilities amid North Korea's military threats and advancements.

Portfolio Pulse from Navdeep Yadav

December 28, 2023 | 2:21 am

MLGO

MicroAlgo, Inc. (NASDAQ:MLGO) announced its new quantum shield distributed ledger technology (QSDLT) aimed at securing Bitcoin and other cryptocurrencies against quantum computer threats. The QSDLT uses advanced cryptographic algorithms to protect transactions and user identities, and it also reduces the cost of Bitcoin transactions. Despite this announcement, MLGO shares dropped 28.3% to $0.81. Additionally, MicroAlgo recently unveiled a Bitcoin trading prediction algorithm that employs machine learning and technical indicators.

Portfolio Pulse from Nabaparna Bhattacharya

December 27, 2023 | 5:38 pm

MSFT

NVDA

U.S. lawmakers express national security concerns over Microsoft Corp's (NASDAQ:MSFT) increased collaboration with China in AI technology. Microsoft President Brad Smith's meeting with China's Minister of Commerce and the company's intention to play a role in China's AI sector have raised alarms. Senators Josh Hawley and Marsha Blackburn, along with Rep. Mike Gallagher, have voiced worries about potential Chinese exploitation of advanced tech. Nvidia Corp (NASDAQ:NVDA) is also mentioned for its compliance with U.S. export limitations in the Chinese AI chip market. MSFT shares saw a slight premarket decline.

Portfolio Pulse from Anusuya Lahiri

December 27, 2023 | 2:18 pm