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FameEX Morning Crypto News Recap | November 16, 2023
2023-11-16 12:08:55
U.S. House Financial Services Subcommittee Seeks Insights into Crypto and Criminal Activity
The U.S. House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion held a bipartisan hearing titled "Crypto Crime in Context: Breaking Down the Illicit Activity in Digital Assets" on November 15. The session aimed to educate members on the applications of blockchain technology and its role in criminal activities within the crypto space.
Tech Giants, Including Microsoft and Tencent, Join the Decentralized Infura Network
Microsoft, Tencent, and 16 other prominent Web2 companies have teamed up with ConsenSys to help decentralize the Infura network, a critical entry point to Ethereum for decentralized finance (DeFi) applications. These partnerships signify a significant step in enhancing Infura's decentralization and resistance to censorship, which is vital for the DeFi sector.
OpenAI Pauses New Sign-ups for ChatGPT Plus Due to High Demand OpenAI has temporarily halted new sign-ups for ChatGPT Plus, citing overwhelming demand and concerns about the quality of user experience. The decision follows increased usage after OpenAI's DevDay event, where new application programming interfaces (APIs) were introduced. CEO Sam Altman announced the pause, acknowledging that the platform had reached its capacity limits. SEC Reports a 'Highly Productive' Year in Crypto Enforcement Actions The U.S. Securities and Exchange Commission (SEC) has released its enforcement outcomes regarding crypto assets for fiscal year 2023. The SEC characterized it as a "highly productive and impactful year" for crypto asset securities enforcement. Chairman Gary Gensler stated that the Division of Enforcement plays a crucial role in safeguarding the investing public in the crypto space. NHL Ventures into NFT Market with 'Breakaway' Platform Amid Changing Digital Collectible Trends The National Hockey League (NHL), in partnership with the NHL Players’ Association and the NHL Alumni Association, has teamed up with NFT company Sweet to launch NHL Breakaway, a digital collectibles platform. This initiative allows fans worldwide to collect, trade, showcase, and gift highlights and significant moments from NHL history through NFTs. Commerzbank, a Leading German Bank, Receives Crypto Custody License Commerzbank has become the first full-service bank in Germany to secure a Crypto Custody License, positioning itself at the forefront of the country's growing crypto market. The license, granted under the German Banking Act, is a crucial step for Commerzbank as it aims to expand its digital asset services, particularly focusing on cryptocurrencies. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
