Streetbeat News

Security

COIN

ETHUSD

Coinbase (NASDAQ:COIN) has retained around $1 million from the July cyber attack on Curve Finance, a decentralized finance (DeFi) sector player. The funds were obtained during the turmoil that followed the security breach at Curve. Despite pleas from Alchemix, a protocol that lost $22 million in Curve-based tokens, Coinbase has shown no willingness to return the funds. The crypto industry has seen thefts amounting to $735 million this year.

Portfolio Pulse from Bibhu Pattnaik

September 17, 2023 | 9:40 pm

FXI

SPY

White House National Security Adviser Jake Sullivan held talks with China's Wang Yi in Malta over the weekend, according to a US official. The meeting's details were not disclosed.

Portfolio Pulse from Charles Gross

September 17, 2023 | 1:32 pm

ETHUSD

Mark Cuban, the billionaire owner of the Dallas Mavericks, has lost approximately $870,000 in a cryptocurrency scam involving 10 different cryptocurrencies, including 5 Ethereum (ETH). The scam occurred after Cuban used MetaMask, a cryptocurrency wallet, for the first time in months. Cuban suspects that he downloaded a fraudulent version of MetaMask, which allowed scammers to obtain his private keys or seed phrases and drain his cryptocurrency wallets.

Portfolio Pulse from Mehab Qureshi

September 16, 2023 | 9:36 am

ETHUSD

Boerse Stuttgart Digital and Munich Re Group are collaborating to introduce an insured staking solution to counteract 'slashing' risks in the Ethereum blockchain's Proof-of-Stake mechanism. The initiative builds on their existing partnership, which began with crypto custody insurance in 2022. The primary goal is to offer institutional clients a reliable gateway to staking, while also exploring new income avenues in proprietary trading.

Portfolio Pulse from Murtuza Merchant

September 15, 2023 | 8:32 pm

SPY

USO

The White House National Security Adviser has stated that the U.S. is in regular contact with Saudi officials to ensure a stable and affordable supply of energy, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 15, 2023 | 6:07 pm

MSFT

Microsoft Corporation is facing legal challenges in the European Union over its Teams video-conferencing app, with the European Commission preparing a statement of objections. The company's licensing practices and bundling of cloud systems with Windows are also under scrutiny. Microsoft Teams experienced an outage in North America, raising concerns about the reliability of Microsoft's cloud-based services. Microsoft has introduced a new security feature in Windows 11 to enhance overall security.

Portfolio Pulse from Mohit Manghnani

September 15, 2023 | 12:14 pm

AAPL

Apple Inc. (NASDAQ:AAPL) is facing protests for its decision to abandon plans to scan iPhones for child sexual abuse material (CSAM). Protestors, including the Heat Initiative, a collective of child safety experts and advocates, have set up banners in front of Apple Park. Apple had initially planned to scan iPhones and iCloud for CSAM, but faced backlash from privacy advocates and subsequently called off the plan. Instead, Apple has implemented on-device CSAM detection within apps themselves.

Portfolio Pulse from Rounak Jain

September 15, 2023 | 10:44 am

ARM

CVNA

F

MGM

TSLA

U.S. stocks ended Thursday in the green with Carvana, ARM Holdings, Ford, MGM Resorts, and Tesla gaining attention. Carvana shares surged by 13.47% amid a potential UAW strike that could lead consumers to the used car market. ARM Holdings rose by 24.69% after its U.S. stock market debut following regulatory challenges to Nvidia's acquisition. Ford's stock slightly decreased due to the looming UAW strike. MGM Resorts saw a minor increase despite a recent cyberattack. Tesla's stock rose by 1.75% as Ark Invest resumed selling its shares.

Portfolio Pulse from Benzinga Neuro

September 15, 2023 | 1:47 am

SPY

VGK

The U.S. State Department has reported ongoing harassment of U.S. Embassy employees in Moscow by Russia. This could potentially escalate tensions between the two countries.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 5:41 pm

U

Unity Technologies, the video game company, has temporarily closed its offices due to a death threat. The company is taking the threat seriously and has prioritized the safety of its employees.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 4:05 pm