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Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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The article discusses the impact of artificial intelligence (AI) on the performance of major companies, particularly Alphabet Inc (GOOG), Microsoft Corp (MSFT), Texas Instruments Inc (TXN), and Taiwan Semiconductor Mfg. Co. Ltd. (TSM). It suggests that Microsoft's lead in AI has helped it attract more clients to its cloud, while Alphabet's lagging cloud growth is due to its weaker AI capabilities. Similarly, TSM's exposure to AI is seen as a positive factor, while TXN's lack of AI exposure is viewed negatively. The article also mentions positive earnings from Boeing Co (BA), General Dynamics Corp (GD), and T-Mobile Us Inc (TMUS).

Portfolio Pulse from The Arora Report

October 25, 2023 | 2:53 pm

Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, is considering testifying in his criminal fraud trial. He is accused of stealing billions from FTX customers and using the funds for speculative venture investments, political donations, and repaying lenders to his hedge fund, Alameda Research. Bankman-Fried has pleaded not guilty, arguing that he never intended to defraud anyone.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 2:40 pm

Bitcoin (BTC) and Ethereum (ETH) traded lower, with ETH falling below the key $1,800 mark. The global crypto market cap fell to $1.26 trillion, a 24-hour decline of 0.9%. Pepe (PEPE) was the top gainer over the past 24 hours, while Mina (MINA) was the biggest loser. Other notable losers include Maker (MKR), Uniswap (UNI), and Compound (COMP).

Portfolio Pulse from Lisa Levin

October 25, 2023 | 1:41 pm

Binance, a major cryptocurrency exchange, has reported a technical issue affecting crypto withdrawals.

Portfolio Pulse from Charles Gross

October 25, 2023 | 11:08 am

Mixed earnings have led to a dampened risk appetite in the market, with Microsoft's positive report contrasting Alphabet's underwhelming cloud revenue growth. The focus now shifts to Meta Platforms, which is due to report after the close. Analysts stress the importance of robust corporate profit growth to sustain valuations, especially with rising bond yields. The S&P 500 Index broke a five-session losing streak, while the Nasdaq Composite recorded gains for the second consecutive session. In premarket trading, the SPDR S&P 500 ETF Trust slipped 0.34% and the Invesco QQQ ETF fell 0.55%.

Portfolio Pulse from Shanthi Rexaline

October 25, 2023 | 11:07 am

Galaxy Digital predicts a 74% increase in Bitcoin's value in the first year following the launch of spot Bitcoin ETFs in the U.S., estimating the total addressable market size for Bitcoin ETFs to reach $14.4 trillion. The firm's research associate, Charles Yu, also projected that the market size would reach $26.5 trillion in the second year and $39.6 trillion in the third year post-launch. However, these predictions could be affected by a delay or denial of spot Bitcoin ETFs.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 7:17 am

Cathie Wood's Ark Invest has significant stakes in Coinbase Inc. (NASDAQ:COIN) and Block Inc. (NYSE:SQ) across its ETFs. Coinbase accounts for 8.8% weight in ARKK ETF, with a market valuation of $545 million. Block accounts for 5.16% of the fund at a valuation of $319.4 million. Despite both stocks being down from their 2021 highs, Coinbase has provided significant returns this year, outperforming Square and major indices like the S&P 500 and Nasdaq.

Portfolio Pulse from Neer Varshney

October 25, 2023 | 7:12 am

Seattle-based company, Unciphered, has developed a method to crack the password of a decade-old IronKey model, potentially offering a chance to recover a lost fortune of 7,002 Bitcoins (CRYPTO: BTC), worth nearly $235 million. The IronKey belongs to Stefan Thomas, a Swiss crypto entrepreneur, who has lost the password to unlock it. Despite Unciphered's offer to help, Thomas has declined, having already made a deal with two other cracking teams.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 5:02 am

Ark Invest, led by Cathie Wood, made significant trades on Tuesday, purchasing shares in Robinhood Markets Inc (HOOD) and selling positions in Coinbase Global Inc (COIN) and Grayscale Bitcoin Trust (GBTC). The firm also sold shares of UiPath Inc (PATH) and Exact Sciences Corp (EXAS), and bought shares of Roku Inc (ROKU). These trades were made through ARK Next Generation Internet ETF (ARKW), ARK Genomic Revolution ETF (ARKG), and ARK Innovation ETF (ARKK).

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 3:54 am

BlackRock Inc.'s proposed iShares Bitcoin ETF, known as IBTC, reappeared on the Depository Trust and Clearing Corporation (DTCC) website after a brief disappearance. The initial listing of the ETF on the DTCC site led to a surge in Bitcoin's value, exceeding $35,000 before stabilizing around $33,000. The ETF's sudden withdrawal and subsequent reappearance stirred the market, with its initial presence linked to Bitcoin's brief surge and its disappearance leading to a 3% drop in Bitcoin's value.

Portfolio Pulse from Benzinga Neuro

October 25, 2023 | 3:10 am

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