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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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Nasdaq Inc has decided to halt its plans to offer a cryptocurrency custody service due to business and regulatory challenges, according to CEO Adena Friedman. The company had been expecting approval from the New York Department of Financial Services to start providing custody services. However, Nasdaq plans to continue developing technology to position itself as a leading digital assets software solutions provider. In collaboration with BlackRock Inc, Nasdaq proposed a spot Bitcoin ETF, which is currently under review by the SEC.

Portfolio Pulse from Murtuza Merchant

July 19, 2023 | 6:03 pm

In Q2 2023, Bitcoin (BTC) gained market dominance over altcoins despite a downturn in the crypto market. Major cryptocurrencies like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) suffered significant losses due to lawsuits filed by the SEC. DeFi tokens like Uniswap (UNI), Chainlink (LINK), and Lido (LDO) also experienced double-digit losses. However, Bitcoin's dominance increased to a two-year high of over 52% in late June.

Portfolio Pulse from Murtuza Merchant

July 19, 2023 | 5:04 pm

The article discusses the recent earnings reports of several companies and the market's reaction to them. Charles Schwab Corporation (SCHW) saw its stock rise despite mixed earnings, indicating that investors are buying on hope and ignoring negatives. Goldman Sachs Group Inc (GS) also reported earnings, with the stock falling only 1.5% despite negative aspects in the earnings. The article also mentions upcoming earnings reports from Tesla Inc (TSLA), Netflix Inc (NFLX), and IBM (IBM). Additionally, Microsoft Corp (MSFT) saw its stock rise after pricing its AI Copilot for Office 365 at $30 per month, which positively impacted other tech stocks like Apple Inc (AAPL), Meta Platforms Inc (META), NVIDIA Corp (NVDA), and Alphabet Inc Class C (GOOG).

Portfolio Pulse from The Arora Report

July 19, 2023 | 2:42 pm

A digital wallet associated with the Kraken cryptocurrency exchange has transferred over 61,000 Ether (ETH), worth over $116 million, that was acquired during the initial coin offering (ICO) eight years ago. The transfer could indicate plans to sell the tokens, stake them on an exchange, or diversify into other tokens. This follows a trend of old wallets transferring large amounts of Bitcoin (BTC) or Ether to exchanges this year.

Portfolio Pulse from Murtuza Merchant

July 19, 2023 | 2:25 pm

The U.S. Securities and Exchange Commission (SEC) has accepted applications for spot bitcoin exchange-traded funds (ETFs) from six firms including BlackRock, Bitwise, VanEck, WisdomTree, Fidelity, and Invesco. The SEC has previously rejected similar applications due to concerns over anti-fraud and investor protection standards. Nasdaq, where BlackRock proposed to list its ETF, plans to address these concerns by working with Coinbase to police trading in the underlying bitcoin market.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:06 pm

Bitcoin (BTC) traded lower, falling below the key $30,000 level, while Ethereum (ETH) traded above the key $1,900 mark. Stellar (XLM) was the top gainer over the prior 24 hours, while 1inch Network (1INCH) was the biggest loser. The global crypto market cap rose to $1.2 trillion, recording a 24-hour gain of 0.1%.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 1:41 pm

Nasdaq (NDAQ) has halted its plans for a crypto custody service due to regulatory conditions in the U.S. The service was planned to go live in Q2 this year. The firm had applied to the New York Department of Financial Services for a limited-purpose trust company to oversee the custody business. This move is seen as a setback for institutional adoption of crypto in the U.S.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 1:15 pm

The article discusses the potential gains if someone had invested $100 in Bitcoin (BTC) during its crash in 2013, which could now be sufficient to pay off their student debt loans. The cost of college education has steadily increased over the past three decades, leading to a rise in student loan balances. The article also mentions the current trading price of Bitcoin.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 12:08 pm

The stock market is expected to start cautiously on Wednesday, with earnings likely to be the main driver. Stocks such as Nvidia Corp. (NYSE:NVDA), Microsoft Corp. (NASDAQ:MSFT), Morgan Stanley (NYSE:MS), and Bank of America Corp. (NYSE:BAC) have been gaining momentum. The Dow Industrials is on a seven-session winning streak, and the Nasdaq Composite and the S&P 500 indices have risen to over 15-month highs. Analysts suggest that earnings need to perform well to sustain the rally. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.08% and the Invesco QQQ ETF (NASDAQ:QQQ) gained 0.24%. Companies such as Baker Hughes Co. (NASDAQ:BKR), Carvana Co. (NASDAQ:CVNA), Goldman Sachs Group, Inc. (NYSE:GS), Halliburton Co. (NYSE:HAL), Nasdaq, Inc. (NASDAQ:NDAQ), Northern Trust Corp. (NASDAQ:NTRS), U.S. Bancorp. (NYSE:USB), Netflix, Inc. (NASDAQ:NFLX), and Tesla, Inc. (NASDAQ:TSLA) are set to report their earnings.

Portfolio Pulse from Shanthi Rexaline

July 19, 2023 | 10:23 am

Investor optimism is improving as the Dow rises for the seventh straight session. Australia's securities regulator cancels the license of FTX's local arm. Robert F. Kennedy Jr. proposes backing the dollar with Bitcoin and eliminating capital gains taxes on it. Google plans an internet detox for employees to bolster cyber defenses. TikTok prepares to fight Spotify and Apple Music. Tesla analyst says Q2 margin shrinkage shouldn't be an issue for the stock. Goldman Sachs is likely to report a sharp decline in Q2 earnings.

Portfolio Pulse from Akanksha Bakshi

July 19, 2023 | 10:16 am

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