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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 geopolitical tensions between the US, Iran, and Israel, and their impact on oil prices. It also highlights the Biden administration's move to tighten export controls to prevent China from acquiring advanced technologies, especially in semiconductors. This has implications for semiconductor companies with significant sales in China. The article also mentions positive and negative money flows in various tech companies and ETFs. Finally, it discusses the SEC's decision not to appeal in the Grayscale case, which could potentially lead to Grayscale Bitcoin Trust becoming an ETF.

Portfolio Pulse from The Arora Report

October 16, 2023 | 3:03 pm

Bitcoin's price has risen by 4.89% in the past 24 hours to $28,189.00, continuing its positive trend over the past week with a 2.0% gain. The trading volume for the coin has increased by 110.0% over the past week, while the overall circulating supply has decreased by 0.59% to 19.52 million, which is 92.93% of its max supply of 21.00 million. Bitcoin's current market cap ranking is #1 at $546.31 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 3:00 pm

Cointelegraph has apologized for disseminating inaccurate information regarding the approval of Blackrock's Bitcoin ETF. An internal investigation is underway and the findings will be shared with the public.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:51 pm

Bitcoin's price spiked on false rumors of an ETF approval by BlackRock. Albemarle Corporation withdrew its offer to acquire Liontown Resources. Pfizer cut its annual revenue guidance by $9B due to a slump in COVID-19 vaccine sales, and BioNTech warned of €900M write-offs. Rite Aid filed for Chapter 11 bankruptcy. AstraZeneca's Tagrisso-Chemo combo is under FDA priority review. Honeywell projects a 10% increase in new business jet deliveries in 2024. WeWork appointed David Tolley as CEO. Novavax faces a setback as the EMA delays a decision on its COVID-19 vaccine. Activist shareholder Starboard Value acquired a stake in News Corp. Goldman Sachs is reconsidering its consumer lending venture. Manchester United shares fell as the Qatari group pulled away from acquisition. Apple is reshuffling its executive ranks and focusing on reducing the price of Vision Pro. Walgreens and CVS pharmacy staff are planning a nationwide walkout over poor working conditions.

Portfolio Pulse from Vandana Singh

October 16, 2023 | 2:35 pm

Bitcoin spiked on unverified reports of the approval of an iShares Bitcoin ETF, which BlackRock, the owner of iShares, has denied. The company's Bitcoin ETF application is still under review. Bitcoin had spiked by as much as 9.5% after the report but gave back gains. It is up 3.3% at $28,062 at the time of publication.

Portfolio Pulse from Mohit Manghnani

October 16, 2023 | 2:08 pm

Bitcoin's price has slightly increased but is coming down from its highs due to false rumors about the approval of the iShares Bitcoin Spot ETF.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 2:02 pm

The U.S. Securities and Exchange Commission (SEC) has not approved the iShares Bitcoin Spot ETF as previously reported. The application is still under review, according to Fox Business Reporter.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:53 pm

Bitcoin (BTC) and Ethereum (ETH) traded higher, with BTC surpassing $28,000 and ETH crossing the $1,600 mark. Bitcoin SV (BSV) was the top gainer over the past 24 hours, while Loom Network (LOOM) was the biggest loser. The global crypto market cap rose to $1.12 trillion, recording a 24-hour gain of 6.2%.

Portfolio Pulse from Lisa Levin

October 16, 2023 | 1:46 pm

The SEC has reportedly approved the iShares Bitcoin spot ETF, leading to a rise in Bitcoin trading.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:35 pm

The Securities and Exchange Commission (SEC) has approved the iShares Bitcoin Spot ETF, according to Reuters. This marks a significant step in the integration of cryptocurrencies into mainstream financial systems.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 1:33 pm

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