Streetbeat News

Security

PEPEUSD

The team behind Pepecoin (CRYPTO: PEPE) is facing allegations of insider trading. This comes after a significant theft of 16 trillion PEPE tokens. The team is accused of possessing a substantial cache of PEPE tokens, estimated to be worth between $16–17 million, and using them for internal trading strategies. The value of PEPE has been dwindling, with a 23% decrease in the last seven days.

Portfolio Pulse from Bibhu Pattnaik

August 26, 2023 | 8:01 pm

UNP

Union Pacific's Customs Trade Partnership Against Terrorism certification has been temporarily suspended for 90 days by the U.S. Customs and Border Protection Agency, according to Reuters.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 8:10 pm

MPC

Marathon Petroleum Corporation (MPC) is set to shut down its third-largest US oil refinery following a fire incident in one of its storage tanks, according to a Bloomberg report.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 7:23 pm

JPM

JPMorgan Chase's Chief Product Officer, Rohan Amin, discussed the bank's focus on technology, data security, and customer-centric product development. Amin highlighted the bank's efforts in AI and machine learning to enhance customer experiences. He also mentioned the bank's response to the increasing trend of mobile banking and digital payments, with over 90% of survey respondents using the mobile app more than once monthly.

Portfolio Pulse from Renato Capelj

August 25, 2023 | 2:20 pm

BA

NOC

An F-18 military jet has reportedly crashed near MCAS Miramar, according to CBS Reporter, Eric Kahnert. The condition of the pilot and/or others onboard is currently unknown.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 12:52 pm

ETHUSD

USDTUSD

The Drug Enforcement Administration (DEA) reportedly lost over $50,000 in cryptocurrency to a scammer. The scammer exploited the DEA's method of checking the first and last characters of account identifiers, creating a fake address that matched the DEA's test payment to the United States Marshals Service. The scammer received a single transaction of just over $55,000 before the fraud was discovered. The DEA, working with the FBI, traced the converted funds to Ethereum (CRYPTO: ETH) and tracked their transfer to a new wallet.

Portfolio Pulse from Mehab Qureshi

August 25, 2023 | 5:51 am

DOGE-USD

TSLA

Elon Musk, CEO of Tesla and SpaceX, has revealed that he stopped using TikTok due to its AI dynamics. Musk's comments provide insight into TikTok's powerful AI algorithm that keeps users engaged. Despite security concerns leading to bans on TikTok use on government devices in several U.S. states and cities, Chinese companies, including TikTok, own four of the top 10 most downloaded apps in the U.S.

Portfolio Pulse from Ananya Gairola

August 25, 2023 | 3:21 am

FTTUSD

Maika Isogawa, founder and CEO of crypto security company Webacy, is recognized as a key figure in the Web3 space. Webacy, which helps users protect their digital assets, particularly with self-custody and cold storage solutions, raised $5 million in funding from investors including gmjp, Gary Vaynerchuk & AJ Vaynerchuk, Mozilla Ventures, Soma Capital, and Quantstamp. Isogawa's work is notable for its focus on bridging the gap between Web3 and mainstream adoption.

Portfolio Pulse from Justin Roberti

August 24, 2023 | 9:56 pm

ITA

The plane crash involving Yevgeny Prigozhin, the leader of the Wagner paramilitary group, has sparked speculation of an assassination plot. Initial investigations suggest that an explosion, potentially caused by a bomb or deliberate sabotage, led to the crash. The incident has led to a flurry of discussions on social media channels associated with Prigozhin’s Wagner group. Following the news, stocks in the U.S. defense and aerospace industry, as tracked by the iShares U.S. Aerospace & Defense ETF (NYSE:ITA), fell 1.7% on Thursday.

Portfolio Pulse from Piero Cingari

August 24, 2023 | 7:56 pm

SPY

VGK

The Pentagon has stated that there is no information to suggest that a surface-to-air missile was responsible for taking down Prigozhin's aircraft.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:52 pm