Streetbeat News

Security

ETHUSD

Crypto exchange HTX, formerly Huobi, has suffered a cyberattack resulting in a loss of 5,000 Ether (ETH), equivalent to $8 million. The exchange's adviser and TRON founder, Justin Sun, assured users that the platform has covered the losses and rectified all related issues. HTX has proposed a 'white hat reward' of 5% of the stolen amount to incentivize the hacker to return the funds. If the funds aren't returned within a week, HTX will hand the case over to law enforcement.

Portfolio Pulse from Murtuza Merchant

September 25, 2023 | 7:03 pm

BNBUSD

BTCUSD

BUSDUSD

ETHUSD

North Korea-based hacking collective, Lazarus Group, is responsible for a $47 million cryptocurrency theft, including Bitcoin, Ethereum, BNB, and Binance USD. The data was collected by Dune Analytics from 21.co, the parent company of 21Shares. The value of crypto holdings by Lazarus Group could be significantly higher than reported. Chainalysis data indicates that North Korea-linked hackers saw an 80% drop in crypto thefts from 2022 levels.

Portfolio Pulse from Khyathi Dalal

September 25, 2023 | 5:44 pm

BTCUSD

ETHUSD

Mixin Network, a decentralized wallet service provider, is scrambling to address a $200 million hack. The company's founder, Feng Xiaodong, has assured that half of the users' assets will be protected, but the fate of the other half remains unclear. In an attempt to recover the compromised money, Mixin is considering issuing 'bond tokens' for affected users, which the company would commit to repurchasing in the future. The company is also planning to establish a new system dedicated to hosting user assets to prevent future breaches. Mixin is working with Google and blockchain security firm @SlowMist_Team to investigate the breach.

Portfolio Pulse from Murtuza Merchant

September 25, 2023 | 4:28 pm

AAPL

AMZN

BIIB

DLAKY

GOOG

NVS

PFE

RNAZ

TSN

WMT

Several significant business events have occurred. Ford of Canada has reached a collective agreement with Unifor union, including wage increases and pension improvements. Amazon has invested $4 billion in AI startup Anthropic. PhonePe, backed by Walmart, has launched the Indus AppStore Developer Platform to challenge Google's dominance in India. Goodyear plans to redefine its operational presence in the Asia Pacific region. Pfizer's RSVpreF vaccine has been recommended by the CDC for pregnant people. Mercedes Benz has partnered with Mastercard to introduce in-car digital payments. Novartis plans to spin-off the Sandoz business. Eisai and Biogen's Alzheimer treatment Leqembi has been approved in Japan. Alcoa has appointed William F. Oplinger as President and CEO. TransCode Therapeutics' stock is trading higher after positive results with its therapeutic candidate, TTX-MC138. Tyson Foods and Perdue Farms are under investigation over alleged child labor violations. OpenAI has unveiled a new feature for its ChatGPT application, enabling verbal responses. Apple's iOS 17 update allows users to opt for a search engine other than Google. Austrian Airlines faced backlash for making inaccurate environmental claims.

Portfolio Pulse from Vandana Singh

September 25, 2023 | 2:58 pm

EWT

FXI

SPY

U.S. President Biden has expressed the country's commitment to a free, open, prosperous, and secure Indo-Pacific region. This could potentially impact the performance of ETFs that track Asian markets.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 2:54 pm

FXI

SPY

VGK

The U.S. Commerce Department has imposed trade restrictions on additional Chinese and Russian companies over a scheme to supply Russia with components to make drones, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 1:15 pm

AAPL

BTCUSD

GOOGL

TSLA

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, world economy, electric vehicles, tech, consumer, communication, and industrial. Key highlights include the potential of Google Pixel 8 outshining Apple's iPhone, Elon Musk's plans to retire the iconic Twitter home icon, and the suspension of withdrawals and deposits by Mixin Network after a $200M hack. Thor Industries, AutoNation, Coinbase, Amazon, Ford of Canada, and Regal Rexnord are among the companies mentioned.

Portfolio Pulse from Akanksha Bakshi

September 25, 2023 | 12:29 pm

GRRR

Gorilla Technology has entered into a strategic partnership with InfoSec Global to drive innovation in cybersecurity and cryptographic-agility. InfoSec Global helps clients establish the foundation of zero trust security through cryptographic agility management solutions.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 12:03 pm

DIS

Walt Disney Co (NYSE:DIS) laid off over 300 staff members in Beijing in March 2023, citing cost-saving measures. However, the layoffs were also influenced by concerns over data security, as the Beijing team had access to U.S. customer data. This move reflects the ongoing complexity of Disney's relationship with China, a crucial market for Disney. Following the layoffs, some streaming functions encountered issues, with services like Hulu experiencing disruptions. DIS shares are trading lower by 1.26% at $81.69.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 6:05 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP) has announced that the New York Police Department (NYPD) has launched the Knightscope K5 security robot service in a Manhattan subway station. The first two weeks will be spent on training, configuration and setup protocols for the autonomous robot to navigate followed by patrol activities. The company's technologies have been successfully used by other police departments, with one agency in Los Angeles County, California, praising Knightscope for reducing crime in a public park.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 4:44 pm