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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.

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HSBC Holdings has ventured into cryptocurrency services, allowing its clients to purchase and sell Bitcoin and Ethereum ETFs listed on the Stock Exchange of Hong Kong. The bank is also launching the Virtual Asset Investor Education Center to safeguard investors from potential risks associated with cryptocurrency.

Portfolio Pulse from Murtuza Merchant

June 26, 2023 | 4:07 pm

Digital asset investment products saw their largest single-week inflows since July 2022, totaling $199 million, with Bitcoin accounting for $188 million of the inflows. This surge is likely due to recent filings for physically backed ETFs with the U.S. SEC. Ethereum, Ripple, and Solana experienced smaller inflows.

Portfolio Pulse from Murtuza Merchant

June 26, 2023 | 2:50 pm

Cryptosat has partnered with Dfns Labs to develop a Space Wallet, designed to secure high-value transactions using a threshold signature scheme with a satellite as a co-signer. The wallet is compatible with the Bitcoin blockchain and aims to reduce the risk of physical access-based attacks.

Portfolio Pulse from Murtuza Merchant

June 26, 2023 | 2:30 pm

In the latest edition of Markets With Mando, the author discusses the importance of support levels for S&P futures, Nasdaq, and various stocks including AAPL, TSLA, and GOOGL. The newsletter also covers the performance of Bitcoin and other stocks such as AMD, MARA, PLTR, AI, and NFLX.

Portfolio Pulse from Mando Trading

June 26, 2023 | 1:37 pm

Bitcoin and Ethereum traded lower on Monday, with BTC falling below $31,000 and ETH below $1,900. NEAR Protocol emerged as the top gainer over the past 24 hours, while Aave was the biggest loser. The global crypto market cap declined by 1.3% to $1.18 trillion.

Portfolio Pulse from Lisa Levin

June 26, 2023 | 1:35 pm

YouTuber MrBeast invested $1.5 million in Bitcoin (BTC) when it was trading at $46,300. If someone invested $100 in BTC today at the current price of $30,366 and waited for it to reach $46,300, they would gain potential returns of 52.15%.

Portfolio Pulse from Mehab Qureshi

June 26, 2023 | 11:11 am

US stocks are expected to start the week with a negative bias after major indices snapped multi-week winning streaks on Friday. Analyst Ryan Detrick advises not to worry, as weakness in the third week of June is historically normal. In premarket trading, SPY and QQQ ETFs slipped, while TSLA, AAPL, SPCE, and CCL stocks are in focus.

Portfolio Pulse from Shanthi Rexaline

June 26, 2023 | 10:06 am

Bitcoin has crossed the $30,000 mark again, sparking hopes of a full bull trend. However, data analytics firm Glassnode suggests the market is still in a transition phase, with historical data showing previous transitional periods lasting between 459 and 770 days. The Greed and Fear Index indicates market sentiments leaning towards Greed.

Portfolio Pulse from Mehab Qureshi

June 26, 2023 | 9:04 am

Major US retailers, including Walmart, Kroger, Meijer, and Whole Foods, have been targeted by a series of hoax bomb threats demanding thousands of dollars in gift cards, Bitcoin, and cash. The FBI and other law enforcement agencies are investigating the threats, which have so far proved unfounded.

Portfolio Pulse from Mehab Qureshi

June 26, 2023 | 8:06 am

Gold prices edged higher during Monday's Asian trading session due to Russia's internal chaos and a soft dollar. However, gains were capped by concerns over extended rate hikes by the Federal Reserve and higher-than-expected inflation. The SPDR Gold Trust (NYSE:GLD) and the iShares Gold Trust (NYSE:IAU) both closed higher on Friday.

Portfolio Pulse from Bhavik Nair

June 26, 2023 | 4:30 am

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.