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FameEX Morning Crypto News Recap | September 28, 2023

2023-09-28 12:29:21

SEC Extends Deadlines for ARK 21Shares and VanEck's Spot Ether ETF Application Submissions

The SEC has granted an extension for reviewing a proposed rule change allowing the listing of spot Ethereum (ETH) ETFs by VanEck and ARK 21Shares on the Cboe BZX Exchange. As no public comments were received, the commission has rescheduled the decision deadlines to December 25 and December 26 for further assessment and a potential final determination.

Rep. Tom Emmer Accuses SEC's Gensler of Favoring Banks Over Impartial Regulation

During a House Financial Services Committee hearing on September 27, Rep. Tom Emmer voiced strong concerns about SEC Chair Gary Gensler, accusing him of prioritizing Wall Street interests over innovation, competition, and the welfare of ordinary Americans. Emmer's comments highlighted a perceived bias in Gensler's approach to regulatory oversight.

Google's New Policy Sets the Stage for AI-Generated Content

Google's recent update to the description of its helpful content system, made on September 16, hints at a potential revolution in internet content distribution. This system is tailored to assist website administrators in crafting content that maximizes performance on Google's search engine. The change suggests Google's growing emphasis on AI-driven content optimization and could reshape how online content is created and ranked.

Web3 Platform Fuses Blockchain and AI for Enhanced Cryptocurrency Payments, a crypto-centric booking platform, is set to leverage the integration of blockchain and artificial intelligence (AI) to offer individualized travel experiences while seamlessly embracing Web3 technology. This platform operates on Camino Network, which is the inaugural layer-1 blockchain purpose-built to cater to the unique demands of the travel industry, aiming to revolutionize and personalize the traveler's journey.

Writer's Guild Strike Concludes with Approval of Tentative Deal, Highlighting AI's Role in Negotiations

The Writer's Guild of America (WGA) strike, ongoing since May 2, 2023, concluded on September 27, 2023, at 12:01 am PT. WGA leaders approved a tentative deal with Hollywood entertainment studios, with a significant component involving the integration of artificial intelligence (AI) in the entertainment industry. This decision marks the end of a nearly five-month-long strike and signifies AI's growing role in the sector.

Argentinian Oil Firm to Begin Cryptocurrency Mining Utilizing Excess Gas Power

Argentinian oil company Tecpetrol is opening a gas-powered cryptocurrency mining facility in Argentine Patagonia's Los Toldos II Este region, according to local reports on September 24. Tecpetrol aims to enhance its crude oil production project and minimize gas wastage by utilizing excess gas for cryptocurrency mining, demonstrating an innovative approach at the intersection of energy and blockchain technologies.

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