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FameEX Morning Crypto News Recap | October 17, 2023
2023-10-17 12:19:00
Bitcoin Skyrockets Amidst Spurious BlackRock ETF Approval Rumors: Crypto Markets React to Misinformation Surge
Cointelegraph, a cryptocurrency news platform, mistakenly announced on Monday that the U.S. Securities and Exchange Commission (SEC) had granted approval for BlackRock's iShares spot bitcoin exchange-traded fund (ETF). This unverified information triggered a swift 10% surge in BTC's value against the U.S. dollar, despite the absence of official confirmation from the SEC or BlackRock at that moment.
BlackRock Offers Clarification on Bitcoin ETF Speculation and Cautions Market Response BlackRock, the world's largest asset manager, has refuted rumors regarding the approval of its eagerly anticipated Bitcoin Exchange-Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Amidst market speculation, BlackRock clarified that the ETF has not received official approval from the regulatory authority. Yellen Claims Feasibility of Backing Two Wars Amid U.S. Debt Surge Despite a growing national debt and substantial financial aid to Ukraine, U.S. Treasury Secretary Janet Yellen affirmed on Monday that the United States has the financial capacity to support two wars. Yellen's statement came after the nation accumulated a significant debt and allocated over $75 billion to Ukraine. SEC Chair Gary Gensler Warns of Imminent Financial Crisis Triggered by AI Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has raised alarms over an imminent financial crisis stemming from extensive artificial intelligence utilization. During an interview with the Financial Times, Gensler cautioned that such a crisis could emerge within a decade without intervention. He underscored the urgency of implementing measures to mitigate this mounting risk posed by AI. Australia Contemplates CBDC as the Future of Money Brad Jones, the RBA's assistant governor (financial system), addressed the prospects and challenges associated with asset and currency tokenization in the digital age during a speech titled "A Tokenised Future for the Australian Financial System." He also revealed intentions to investigate the incorporation of Central Bank Digital Currencies (CBDCs) as a currency option within Australia's financial system. New York City Mayor Reveals Framework for Ethical AI Integration in Local Government New York City Mayor Eric Adams' administration has unveiled a framework for government agencies to adopt and regulate artificial intelligence (AI) in local governance. As part of this initiative, the city has also introduced its first AI chatbot, designed to improve AI integration across various city applications and services. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
