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BTCUSD

Custodia Bank CEO Caitlin Long discussed the future of Bitcoin and the role of her bank in an interview with Benzinga. Long, who has a background in traditional banking, founded Custodia Bank to bridge the gap between traditional finance and digital assets. The bank is set to launch Bitcoin custody soon. Long also highlighted the importance of security and compliance in the cryptocurrency sector. She believes that programmable money is a superior system and could benefit the financial world. Long also mentioned that the Federal Reserve is beginning to shift its stance on cryptocurrency.

Portfolio Pulse from Chris Katje

September 22, 2023 | 4:00 pm

SPY

VGK

President Joe Biden has informed Ukrainian President Volodymyr Zelenskyy that the U.S. will provide a small number of long-range missiles to aid Ukraine in its war with Russia. The specific type of missile and the quantity to be delivered are still under debate. The missiles, known as ATACMS, could allow Ukraine to strike targets up to 180 miles away.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:56 pm

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STLA

TSLA

Tesla Inc's Model Y, Model 3, and Model X are among the least stolen vehicles, according to a report by the Highway Loss Data Institute. The report, which looked at model years 2020, 2021, and 2022, found that Tesla vehicles were less likely to be stolen due to factors such as the need for charging and the company's Sentry Mode surveillance system. General Motors Company and Volvo also had vehicles on the least stolen list. The most stolen vehicles included models from Stellantis NV, Nissan Motor, Tata Motors, Kia, Honda Motor Company, and BMW.

Portfolio Pulse from Chris Katje

September 22, 2023 | 12:35 pm

SPY

VGK

The Defense Ministry of Belarus announced the commencement of joint military drills with Russia, according to Reuters.

Portfolio Pulse from Charles Gross

September 22, 2023 | 8:31 am

TSLA

A 2022 Tesla Model 3 caught fire and reignited several times after hitting an object on the road in New Jersey. The battery pack emitted heavy smoke before the vehicle was engulfed in flames. Despite electric vehicles being less prone to fires than internal combustion engine vehicles, the battery chemistry can cause the vehicle to enter thermal runaway, leading to repeated reignition of flames.

Portfolio Pulse from Adam Eckert

September 21, 2023 | 10:57 pm

PRG

PROG Holdings has reported a cybersecurity incident at its subsidiary, Progressive Leasing. The company does not expect this to have a material effect on its financial condition and results of operations. No major operational impact to any of Progressive Leasing’s services has been reported and the company's other subsidiaries have not been impacted.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 8:38 pm

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TSLA

Palantir Technologies Inc (NYSE:PLTR) CEO Alex Karp and Tesla Inc CEO Elon Musk have expressed concerns about the potential risks of artificial intelligence (AI) to humanity. Karp called on tech companies to collaborate with the government on AI initiatives and stressed the need for more investment in AI. He also emphasized the importance of ensuring that adversaries like Russia and China do not develop superior AI tools. Karp and Musk had discussed the future of AI and its potential risks at a closed-door U.S. Senate discussion on regulating AI.

Portfolio Pulse from Adam Eckert

September 21, 2023 | 6:47 pm

SPY

VGK

U.S. President Biden is set to announce new military aid and air defense for Ukraine, according to the White House. This could potentially impact the geopolitical landscape and indirectly affect the stock market.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 5:24 pm

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LTCUSD

SHIBUSD

CoinEx has resumed its deposits and withdrawals service after a $27 million hack earlier this month, which was later updated to nearly $70 million. The company is also updating deposit addresses for several assets, including Bitcoin, Ethereum, Litecoin, Bitcoin cash, Dogecoin, Shiba Inu, and Binance coin. CoinEx's User Asset Security Foundation has ensured to repay any monetary damages caused by the hacking event.

Portfolio Pulse from Khyathi Dalal

September 21, 2023 | 4:34 pm

BTCUSD

A former Alameda Research employee revealed that a human error led to an 87% drop in Bitcoin's value in October 2021. The error, a misplaced decimal point, caused Bitcoin to plummet from $65,000 to $8,000 on certain platforms. The incident had significant financial repercussions for Alameda, with losses estimated in the tens of millions. The firm has since implemented additional checks for manual trades to prevent such mishaps in the future.

Portfolio Pulse from Murtuza Merchant

September 21, 2023 | 3:10 pm