FameEX Morning Crypto News Recap | October 18, 2023
BlackRock CEO Larry Fink Identifies Growing Global Crypto Interest Amid Israel-Hamas Conflict
BlackRock CEO Larry Fink sees the recent Bitcoin surge as a manifestation of growing interest in cryptocurrencies. He suggests that amid the Israel-Hamas conflict, more people view Bitcoin as a safe haven asset, and there's increasing demand for crypto from clients worldwide.
Congressional Investments in Defense Stocks Spark Ethical Concerns Amid Ongoing Conflicts
Amidst ongoing conflicts in Ukraine and Israel, publicly listed defense companies' stocks have surged. U.S. government officials supporting significant war spending have raised ethical concerns as reports reveal many politicians benefiting financially from investments in companies like Palantir, L3Harris, Lockheed Martin, and Northrop Grumman during these troubled times.
Australian Government Calls for Financial Services License Requirement for Crypto Exchanges
Australia is considering mandating that crypto exchanges obtain a financial services license from the Australian Securities and Investments Commission. Draft legislation is anticipated by 2024, allowing crypto exchanges a twelve-month grace period to adhere to the new regulations if implemented.
Sega Executive Shuji Utsumi Acknowledges Uncertainty in the World of Blockchain Gaming
Sega's co-COO, Shuji Utsumi, expressed uncertainty about blockchain games in a recent interview. Sega aims to safeguard its franchises while exploring this emerging gaming domain. The company is leveraging its partnership with Double Jump Tokyo, a blockchain gaming firm, to gain insights into the development of these new games.
SEC to Strengthen Oversight and Examination of Crypto Markets
The U.S. Securities and Exchange Commission (SEC) has unveiled its examination priorities for 2024, placing a strong emphasis on crypto-related activities. The SEC intends to scrutinize the offering, sale, recommendations, advice, trading, and other aspects of crypto assets and related products during examinations of registrants as part of its monitoring efforts.
Google Seeks Dismissal of Class-Action Suit Over AI Data Scraping
Google is attempting to have a proposed class-action lawsuit dismissed, which alleges that the company infringes on the privacy and property rights of internet users by scraping data for AI training. Google's argument centers on the assertion that using publicly available internet data is not equivalent to theft, as the lawsuit contends.
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