Streetbeat News

BTCUSD

Bitcoin / US Dollar

Industry

Digital Currency

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.

Open

N/A

Mkt cap

N/A

Volume

N/A

High

N/A

P/E Ratio

N/A

52-wk high

N/A

Low

N/A

Div yield

N/A

52-wk low

N/A

A couple has entered into a plea agreement with U.S. prosecutors for allegedly laundering $4.5 billion in cryptocurrency tied to the Bitfinex hack.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 2:53 pm

Cryptocurrency prices fell below key levels on Friday, with Bitcoin (BTC) trading below $30,000 and Ethereum (ETH) below $1,900. Chainlink (LINK) was the top gainer over the prior 24 hours, while Rocket Pool (RPL) was the biggest loser. The global crypto market cap fell to $1.2 trillion, recording a 24-hour decline of 0.3%.

Portfolio Pulse from Lisa Levin

July 21, 2023 | 1:41 pm

Stock futures suggest a positive start to the week's final trading session, reflecting optimism for positive earnings reports from AI-levered big techs. However, caution is expected due to the upcoming Fed meeting and its commentary on the rate outlook. The tech slump on Thursday, driven by negative reactions to earnings from Tesla, Taiwan Semiconductor Manufacturing Company, and Netflix, dragged the Nasdaq Composite Index lower. The Dow Industrials continued to push higher, closing at nearly an 18-month high. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained. Tesla rebounded from Thursday's slide, while Xirius SM Holdings fell after its rally on Thursday.

Portfolio Pulse from Shanthi Rexaline

July 21, 2023 | 11:19 am

Coinbase has announced that it will fully shut down its Borrow Lending Program in November. This comes after the company faced regulatory scrutiny from the SEC over the program.

Portfolio Pulse from Charles Gross

July 21, 2023 | 10:33 am

Investor sentiment declines as Nasdaq falls 2%. Cathie Wood's Ark Invest reduces GM stake and buys more Taiwan Semiconductor shares. UK Finance Ministry disagrees with calls to regulate crypto as gambling. CoinDesk is on the verge of a $125M acquisition. Microsoft-Activision deal may be heading towards settlement talks. AutoNation expected to report lower Q2 earnings. Starbucks partners with K-Pop stars BLACKPINK for potential sales boost. J&J investors will soon be able to exchange shares for Kenvue stocks.

Portfolio Pulse from Akanksha Bakshi

July 21, 2023 | 10:24 am

Tesla Inc. appears to be preparing to accept Bitcoin payments again after a brief hiatus due to environmental concerns. The company had previously suspended vehicle purchases using Bitcoin due to concerns over its environmental impact, particularly the use of fossil fuels for Bitcoin mining and transactions. However, recent changes to Tesla's website code suggest that the company is preparing to accept Bitcoin payments again, aligning with reports that over half of Bitcoin mining is now powered by renewable energy.

Portfolio Pulse from Benzinga Neuro

July 21, 2023 | 10:08 am

House Republicans have introduced a new law, The Financial Innovation and Technology for the 21st Century Act, aimed at structuring the crypto market. The law could potentially impact the value of cryptocurrencies such as Bitcoin (BTCUSD) and Ethereum (ETHUSD).

Portfolio Pulse from Charles Gross

July 20, 2023 | 9:48 pm

Kuwait's Capital Markets Authority (CMA) has issued a comprehensive ban on cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). The ban covers payments, investments, and mining of cryptocurrencies. The CMA also prohibited local regulators from granting licenses to firms offering virtual asset services. Securities and other financial instruments regulated by the Central Bank of Kuwait and the CMA are exempt from these prohibitions.

Portfolio Pulse from Murtuza Merchant

July 20, 2023 | 7:43 pm

Crypto media company CoinDesk is reportedly nearing a deal with an investor syndicate, which assigns the company an enterprise value of $125 million, according to the Wall Street Journal.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 4:20 pm

Tesla, IBM, and Netflix have released their earnings reports. Tesla's earnings beat expectations due to a large non-operating gain, but its free cash flow was below consensus. Most analysts are upgrading Tesla stock based on these earnings. Netflix's stock is falling as Q3 revenue projections are below consensus. IBM's earnings were in line with whisper numbers. Taiwan Semiconductor Mfg. Co. Ltd. (TSM) is guiding Q3 revenue of $16.7B - $17.5B vs. $17.68B consensus, which could indicate weaker demand for semiconductors.

Portfolio Pulse from The Arora Report

July 20, 2023 | 3:02 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.