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FameEX Morning Crypto News Recap | November 23, 2023
2023-11-23 12:18:40
Congress Urged by US Lawmaker to Prioritize Crypto Opportunities for Enhanced National Security
A US lawmaker has urged Congress to prioritize cryptocurrency activity and opportunities within the United States to enhance national security. They highlighted the Department of Justice's actions against exchanges as a compelling reason and emphasized the effectiveness of current cryptocurrency laws, suggesting that there's no need for extensive legislative revisions in the crypto space.
Expanding Digital Ruble Pilot to Cover Budget Expenditures in the Coming Year Russia's Finance Minister, Anton Siluanov, revealed plans to extend the pilot phase of the digital ruble in the coming year, enabling it to handle specific targeted budget expenditures. The digital ruble, Russia's central bank digital currency (CBDC), will play a role in settling various budget-related transactions, as announced by Finance Minister Siluanov. Nvidia Achieves Record $18 Billion in Q3 Revenue, Citing Generative AI as Key Growth Factor Nvidia reported a record-breaking $18 billion in revenue for Q3, with CEO Jensen Huang attributing the growth to strong sales in artificial intelligence (AI) hardware. He highlighted AI startups, consumer internet firms, and cloud service providers as key contributors to this success, with the potential for further growth in the AI sector. OpenAI and Microsoft Face Lawsuit for Alleged Unauthorized Use of Authors' Content Julian Sancton, an author and Hollywood reporter, has filed a lawsuit against OpenAI and Microsoft, alleging the unauthorized use of nonfiction authors' work to train AI models, including ChatGPT. The lawsuit, filed on November 21, claims that Microsoft was aware of OpenAI's indiscriminate internet crawling for copyrighted material. Belgium Aims to Revitalize EU Blockchain Infrastructure Project Belgium's forthcoming presidency places a significant emphasis on four priorities, with the development of a public blockchain for pan-European infrastructure being a key focus. Mathieu Michel, the Secretary of State for Digitization, also highlighted their commitment to addressing artificial intelligence (AI) challenges, ensuring online anonymity, and fostering digital economy-related skills during this tenure. FTC Strengthens Investigative Protocols for Addressing AI-Related Violations of the Law The US Federal Trade Commission (FTC) has endorsed a more efficient investigative approach for AI-related unlawful activities, underscoring its growing commitment to tackling potential legal breaches associated with AI applications. This streamlined process aims to enhance the agency's ability to address and regulate AI-related violations more effectively. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
