FameEX Morning Crypto News Recap | March 27, 2024

US Legislators Request SEC to Clarify Position on Ethereum Through Letter

Chairman Patrick McHenry of the U.S. House Financial Services Committee and House Agriculture Committee Chairman Glenn 'GT' Thompson, along with other lawmakers, penned a letter to SEC Chairman Gary Gensler. They sought to understand the SEC's current position on Ethereum, aiming for clearer regulatory guidance on this leading cryptocurrency.

S&P Increases Canada's Economic Growth Projection for 2024 to 0.9%

S&P Global Ratings has improved its outlook for Canada's economy in 2024, now expecting a 0.9% expansion, an increase from its earlier prediction of 0.7% growth. This adjustment comes after observing stronger-than-anticipated consumer spending and a rise in home sales during the first quarter.

Apple to Host Online Global Developers Conference in June, with Emphasis on Artificial Intelligence

Apple revealed plans for its 35th Worldwide Developers Conference (WWDC) to be held online from June 10 to 14. Sources indicate a strong emphasis on artificial intelligence during the event. Anticipation surrounds Apple's forthcoming AI strategy unveiling, promising significant developments in the field.

El Salvador Accumulates 5,700 Bitcoins Valued at Over $400 Million

El Salvador's President Nayib Bukele revealed the nation's possession of 5,700 Bitcoins, up from around 5,690 in mid-March. With Bitcoin priced at over $70,000, El Salvador's Bitcoin assets now exceed $400 million in value, showcasing its significant investment in the cryptocurrency market.

Tether Broadens Strategic Scope to Include Artificial Intelligence

Tether shifts its strategic focus to artificial intelligence, aiming to develop open-source, multi-modal AI models through Tether Data. Plans include integrating AI solutions into market-driven products and fostering open AI development. This move underscores Tether's commitment to innovation and signals its entry into the AI landscape.

U.S. Imposes Sanctions on 13 Entities and 2 Individuals for Assisting Russia in Circumventing Sanctions through Cryptocurrency Services

The U.S. Treasury Department's OFAC sanctioned 13 entities and two individuals on Monday for aiding Russian nationals in evading sanctions through cryptocurrency services. OFAC stated that these sanctions targeted those facilitating transactions or providing services to help others bypass U.S. sanctions, underscoring the government's focus on preventing sanction evasion via digital currencies.

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