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FameEX Morning Crypto News Recap | October 13, 2023

2023-10-13 12:37:05

Surging US Inflation Surpasses Projections, Sparking Market Jitters and Rate Hike Uncertainty

Seven U.S. senators are urging the Treasury Department and the IRS to swiftly implement the proposed crypto broker reporting rule, expressing concern over a self-inflicted two-year delay in its implementation.


Mastercard Reports Successful Trial of Wrapped CBDC

Mastercard, in collaboration with the Reserve Bank of Australia (RBA) and Australia's Digital Finance Cooperative Research Centre CBDC, conducted a successful trial. The trial involved using a CBDC to purchase a nonfungible token (NFT) listed on Ethereum. This demonstration showcased the practicality of such transactions in a live environment, marking an important step in the integration of digital currencies and blockchain technology.


US Space Force Halts ChatGPT-like Tool Usage Over Security Concerns: Report

US Space Force personnel have been instructed not to use web-based generative AI tools for creating text, images, and media unless they receive specific approval. This directive, outlined in a memorandum addressed to Space Force members on September 29, was reported by Bloomberg on October 12, citing security concerns.


Senate Bill Proposes Penalties for Creators of AI-Generated Deepfakes

A bipartisan group of U.S. senators has introduced a bill that seeks to prohibit unauthorized AI-generated replicas of individuals' voices and images. This proposal emerged shortly after discussions between actors and Hollywood studios stalled, with AI replicas being a significant point of contention.


House Committee Chairman Threatens Subpoena for SEC Chair, Unrelated to Cryptocurrency

James Comer, the chair of the U.S. House of Representatives Oversight and Accountability Committee, warned SEC chair Gary Gensler of a potential subpoena. In an October 12 letter, Comer stated that if the SEC fails to cooperate, the committee will resort to compulsory measures to secure the requested documents. The subpoena threat is unrelated to cryptocurrency matters.


China Launches Digital Yuan CBDC Development Industrial Park in Shenzhen

China inaugurated its inaugural industrial park specifically focused on advancing the digital yuan, or e-CNY, on October 11. This marks the first industrial park dedicated to the central bank digital currency (CBDC) in the country, emphasizing China's commitment to developing its digital currency ecosystem.


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