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FameEX Morning Crypto News Recap | September 28, 2023
2023-09-28 12:29:21
SEC Grants Deadline Extensions for ARK 21Shares and VanEck's Spot Ether ETF Application Submissions
On September 27, the SEC announced its decision to extend the evaluation period for a proposed rule change permitting the listing of spot ETH ETFs by VanEck and ARK 21Shares on the Cboe BZX Exchange. With no public comments received, the commission postponed the deadlines for further deliberation or a final decision to December 25 and December 26, respectively.
Rep. Tom Emmer Alleges SEC Chair Gensler Shows Bias Toward Banks Instead of Ensuring Impartial Regulation
On September 27, during a House Financial Services Committee hearing, Rep. Tom Emmer expressed deep reservations about SEC Chair Gary Gensler's alleged favoritism towards Wall Street at the expense of innovation, competition, and the financial well-being of everyday Americans. Emmer's remarks drew attention to a perceived bias in Gensler's regulatory approach, prompting further scrutiny.
Google's Latest Policy Advances the Era of AI-Generated Content Google's September 16 update to its helpful content system description signifies a possible shift in internet content distribution. It aids website administrators in optimizing content for Google's search engine. This hints at Google's increasing focus on AI-driven content optimization, potentially altering how online content is generated and ranked. Enhanced Cryptocurrency Payments: Web3 Platform Unites Blockchain and AI Sleap.io, a cryptocurrency-focused booking platform, plans to use blockchain and AI to provide personalized travel experiences with Web3 integration. The platform is built on Camino Network, a dedicated layer-1 blockchain designed to meet the specific needs of the travel industry, aiming to transform and tailor the travel experience for each user. Writer's Guild Strike Ends as Tentative Deal Gets Greenlight, Emphasizing AI's Role in Talks The Writer's Guild of America (WGA) strike, which started on May 2, 2023, ended on September 27, 2023, at 12:01 am PT. WGA leaders approved a tentative agreement with Hollywood studios, emphasizing the incorporation of artificial intelligence (AI) in the entertainment industry. This concludes the nearly five-month-long strike, highlighting AI's increasing importance in the sector. Argentinian Oil Company Ventures into Cryptocurrency Mining Using Surplus Gas Power Argentinian oil firm Tecpetrol is launching a gas-powered cryptocurrency mining facility in Argentine Patagonia's Los Toldos II Este region, per local reports from September 24. Tecpetrol's goal is to optimize its crude oil production project and reduce gas wastage by harnessing surplus gas for cryptocurrency mining, showcasing a pioneering fusion of energy and blockchain technologies. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
