FameEX Morning Crypto News Recap | October 18, 2023

BlackRock CEO Larry Fink Recognizes Increasing Global Crypto Enthusiasm Amid Israel-Hamas Conflict

BlackRock CEO Larry Fink interprets the recent Bitcoin surge as a reflection of heightened interest in cryptocurrencies. He highlights that amid the Israel-Hamas conflict, Bitcoin is increasingly perceived as a safe-haven asset, resulting in a growing demand for cryptocurrencies among clients worldwide.

Ethical Concerns Arise Over Congressional Investments in Defense Stocks Amid Ongoing Conflicts

During the Ukraine and Israel conflicts, publicly traded defense firms have witnessed significant stock surges. Ethical concerns have arisen due to U.S. government officials advocating substantial war expenditure, with reports showing many politicians financially profiting from investments in companies like Palantir, L3Harris, Lockheed Martin, and Northrop Grumman amidst these tumultuous periods.

Australia Proposes Requiring Financial Services Licenses for Crypto Exchanges

Australia is contemplating a requirement for crypto exchanges to secure financial services licenses from the Australian Securities and Investments Commission. Expected in 2024, draft legislation would grant crypto exchanges a one-year window to conform to potential new regulations.

Sega Executive Shuji Utsumi Recognizes the Uncharted Terrain of Blockchain Gaming

Sega's co-COO, Shuji Utsumi, acknowledged uncertainties surrounding blockchain games in a recent interview. Sega is committed to protecting its franchises while venturing into this nascent gaming sector. The company is collaborating with Double Jump Tokyo, a blockchain gaming company, to better understand the development of these innovative games.

SEC Bolsters Crypto Market Monitoring and Examination Efforts

The U.S. Securities and Exchange Commission (SEC) has revealed its 2024 examination priorities, with a significant focus on crypto-related matters. The SEC plans to closely examine activities like the offering, sale, advice, recommendations, trading, and other facets of crypto assets and related products as part of its monitoring initiatives during registrant examinations.

Google Files Motion to Dismiss Class-Action Lawsuit Regarding AI Data Scraping

Google is seeking the dismissal of a proposed class-action lawsuit that accuses the company of violating internet users' privacy and property rights through data scraping for AI training. Google's defense hinges on the argument that utilizing publicly accessible internet data does not equate to theft, contrary to the lawsuit's claims.

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