Streetbeat News

Security

BTCUSD

ETHUSD

SEC Chair Gary Gensler is set to testify on Capitol Hill, expressing his concerns about the crypto industry's non-compliance with securities laws. He compared the current situation to the 1920s before federal securities laws were implemented. Gensler believes that most crypto tokens likely meet the investment contract test, and everything but Bitcoin is considered a security. The distinction between securities and commodities is crucial as it determines the regulatory oversight under either the SEC or the Commodity Futures Trading Commission.

Portfolio Pulse from Mehab Qureshi

September 12, 2023 | 3:57 am

SPY

VGK

The Biden administration is reportedly close to approving the supply of long-range missiles, including ATACMS or GMLRS armed with cluster bombs, to Ukraine, according to four U.S. officials. This information was reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:47 pm

SPY

VGK

The U.S. State Department has announced that it will closely monitor the outcome of the meeting between Putin and Kim. It also stated that the U.S. will not hesitate to impose new sanctions on North Korea.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 5:31 pm

SQ

Block, Inc (NYSE:SQ) experienced an outage that disrupted its payment technology services, which was caused by a DNS issue, not a cyberattack. The disruption began on Thursday and affected various aspects of Block's services, including the Cash App, purchases, and the website. The issue arose from routine modifications to its internal network software, which hindered effective communication between its systems. There was no compromise of seller or buyer data.

Portfolio Pulse from Anusuya Lahiri

September 11, 2023 | 3:32 pm

ETHUSD

The X account of Ethereum (CRYPTO: ETH) founder, Vitalik Buterin, was hacked, leading to a theft of over $690,000. The hacker used a deceptive link promoting non-fungible tokens (NFTs) from software provider Consensys to gain access to users' funds. The exact number of users affected by this hack remains unclear.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 8:27 am

BTCUSD

The U.S. Department of Justice (DOJ) has taken legal action to reclaim $5.2 million in Bitcoin (CRYPTO: BTC) from a teenage hacker, Ahmad Wagaafe Hared, who stole the cryptocurrency from crypto executives in 2016. The stolen Bitcoin was obtained as part of a SIM-swapping scheme orchestrated by Hared and two co-conspirators.

Portfolio Pulse from Mehab Qureshi

September 11, 2023 | 3:20 am

NKLA

Nikola Corp (NASDAQ:NKLA) has experienced its second truck fire incident this week and the fourth this year. The latest fire occurred during a battery fire investigation and testing. Last month, Nikola recalled all its battery-powered electric trucks after a series of fires were traced to a coolant leak within the battery packs. The company is working with customers and dealers to get their trucks to its Arizona manufacturing facility for repairs.

Portfolio Pulse from Anan Ashraf

September 09, 2023 | 3:39 am

SPCE

Elon Musk is facing criticism from Ukraine for barring access to Starlink, a part of SpaceX, during a critical Ukrainian offensive against Russia last year. Musk stated that he did not want to be complicit in a major act of war and conflict escalation. On the other hand, Russia is praising Musk’s decision. The incident has been significant in the war in Ukraine, aiding Ukraine’s advances, though they have been curtailed by Musk’s insistence that it not be used for offensive operations into Russia.

Portfolio Pulse from Navdeep Yadav

September 09, 2023 | 3:22 am

BA

RTX

UAL

The U.S. National Transportation Safety Board has cited a failure to inspect engine fan blades in a timely manner as the cause of the February 2021 engine failure in a United Airlines Boeing 777 aircraft.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:58 pm

DB

Rashawn Russell, a former investment banker at Deutsche Bank AG (NYSE:DB), has been charged for his alleged role in a complex cryptocurrency investment fraud scheme. Russell is accused of misappropriating investor funds for personal expenses and providing counterfeit documentation to investors. He is charged with one count of wire fraud and could face up to 20 years in prison if found guilty. The Commodity Futures Trading Commission (CFTC) has also filed a civil complaint against Russell, charging him with fraudulently soliciting retail investors and misappropriating at least $1 million in investor assets.

Portfolio Pulse from AJ Fabino

September 08, 2023 | 7:54 pm