FameEX Morning Crypto News Recap | September 14, 2023

Economist Peter Schiff's Urgent Warning: 'Impending Crisis' Sparks Surge in US Dollar Exodus Concerns

Economist Peter Schiff has sounded the alarm about an impending rush to divest from the U.S. dollar. He anticipates a looming, sizable crisis that could push the economy into a severe downturn, causing widespread economic hardship for the general population. His warnings emphasize the urgency of the situation.

SEC Chair Highlights Widespread Fraud and Misconduct Challenges Within Crypto Industry

SEC Chair Gary Gensler addressed the Senate Banking Committee, underscoring the crypto industry's widespread issues with fraud and misconduct. He also touched on the ongoing scrutiny of applications for spot bitcoin exchange-traded funds (ETFs) by the securities regulator.

SWIFT Enrolls Three Central Banks in CBDC Interoperability Beta Test, Expands Sandbox Program

Three central banks, including the Hong Kong Monetary Authority and the Central Bank of Kazakhstan, have joined SWIFT's CBDC interoperability project's beta phase. They've integrated their systems with SWIFT's CBDC connector solution for direct testing. SWIFT has also launched a new phase of sandbox testing as part of this initiative.

Court Approves the Sale of FTX Digital Assets

On September 13th, the Delaware Bankruptcy Court, led by Judge John Dorsey, approved the sale of FTX digital assets. This decision came after substantial revisions to the sale order were made the day before, facilitating the sale of FTX's digital assets in accordance with court proceedings.

Alibaba Introduces Open AI Model, Resembling ChatGPT, Amid Relaxation of Chinese Regulations

Alibaba is extending access to its AI system, Tongyi Qianwen, to the public and businesses in China starting September 13th. This expansion aligns with the recent decision by Chinese authorities to accept applications for AI systems serving the public, enabling Alibaba to introduce its advanced language model to a wider user base.

Google Greenlights NFT Game Ads Amid Rising Asian Metaverse Enthusiasm: Nifty Newsletter Insights

Google is modifying its cryptocurrency ad policy, allowing NFT game ads that don't involve gambling or related services. The change, effective from September 15th, enables the promotion of NFT-based games while maintaining Google's restrictions on gambling promotion within advertisements.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​