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FameEX Morning Crypto News Recap | December 14, 2023
2023-12-14 12:24:40
SEC Engages in Discussions With BlackRock, Fidelity, Franklin Templeton, and Grayscale Regarding Spot Bitcoin ETF Applications
The U.S. Securities and Exchange Commission (SEC) has been in discussions with various issuers of spot bitcoin exchange-traded funds (ETFs) about their applications. BlackRock, the world's largest asset manager, has had three meetings with the SEC regarding their application. This increased regulatory engagement has been likened to the busy period of Santa's elves by a Bloomberg ETF analyst.
Saudi Aramco, the World's Largest Oil Company, Collaborates with SBI Holdings for Potential Digital Asset Investments Saudi Aramco, the world's largest oil and gas company, is considering entering the digital asset investment space. The company, valued at over $2 trillion, has signed a memorandum of understanding (MOU) with Japan's SBI Holdings, a financial services company, to explore potential collaborations in investment, with a particular focus on digital assets. US Accounting Standards Board to Incorporate Fair Value for Institutional Crypto Assets Cryptocurrency firms and institutions that hold digital assets will soon be able to report their value more accurately, thanks to upcoming changes in U.S. accounting standards. The U.S. Financial Accounting Standards Board (FASB) has decided that beginning late next year, crypto assets will be recorded at their fair market value in accounting reports. Microsoft Collaborates with US Labor Organization to Advance Worker-Centric AI Development Microsoft has teamed up with the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) to explore the role of artificial intelligence (AI) in meeting workers' needs and involving them in AI development. This partnership aims to prioritize workers' rights and incorporate labor leaders' input into technology development processes. 40% of Cryptocurrency Game Developers Betting on Traditional Gaming in 2024 According to the Blockchain Gaming Alliance's "2023 State of the Industry Report," published on December 12, nearly 38% of respondents believe that traditional Web2 gaming studios entering the Web3 space or incorporating blockchain features into existing games will drive the industry's progress in 2024. DWS, a German Asset Manager, Partners with Galaxy to Launch Euro Stablecoin DWS Group has unveiled plans for AllUnity, a fully collateralized euro stablecoin, as part of a partnership with Flow Traders and Galaxy. The initiative aims to promote mass adoption of digital assets and tokenization and will be regulated by the German Federal Financial Supervisory Authority (BaFin). Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
