Markets
Referral & Affiliate
Rewards
Products
Support Center
News
Research
Download
English(Australia)
FameEX Morning Crypto News Recap | November 21, 2023
2023-11-21 12:15:35
Canadian Regulators Seek Public Input on Disclosure Rules for Crypto Asset Exposure
The Office of the Superintendent of Financial Institutions (OSFI) in Canada has initiated a consultation phase for federally regulated financial institutions to discuss crypto-asset disclosure regulations. This development is in line with the 2023 federal budget and occurs concurrently with a Bank for International Settlements (BIS) inquiry addressing the same subject matter.
Microsoft and Nvidia Stock Prices Soar to Record Levels Amid Shifts in OpenAI Leadership
On November 20, Microsoft's stock hit a historic peak at $378.81 amid AI sector turbulence triggered by the removal of OpenAI CEO Sam Altman. Simultaneously, Nvidia reached an all-time high of $499.60, maintaining its upward momentum from a one-year low of $138.84. These events underscore the industry's instability and investor confidence in AI-related firms.
Sam Altman and Greg Brockman's Transition to Microsoft After Leaving OpenAI Microsoft's CEO, Satya Nadella, revealed through X that the company is enlisting former OpenAI CEO Sam Altman and President Greg Brockman to head a newly established advanced AI research team. Nadella's excitement about this development emphasizes Microsoft's unwavering dedication to advancing AI research, demonstrating the company's commitment to remaining at the forefront of AI innovation. Singapore's Monetary Authority Promotes Sustainable AI, Gains Wisdom from the Crypto Industry Singapore is leveraging its past experiences with Web3 and digital currencies to shape its AI strategy. The Monetary Authority of Singapore (MAS) is focused on building a sustainable and consumer-friendly AI framework for the long term. MAS Executive Sopnendu Mohanty stressed the importance of learning from previous rushed endeavors in the digital realm to guarantee the safety and protection of consumers in AI initiatives. Canada's Regulatory Body Commences Consultation on Cryptocurrency Reporting Rules for Banks Canada's Office of the Superintendent of Financial Institutions (OSFI) is seeking input on reporting guidelines for banks concerning their cryptocurrency exposures. This initiative is motivated by the need to manage risks in the financial system arising from digital innovations, particularly within the unregulated cryptocurrency market. U.S. Treasury Secretary's Concerns Over Ongoing Inflation Amid Economic Challenges On November 20, 2023, U.S. Treasury Secretary Janet Yellen engaged in a discussion on CNBC's "Squawk Box" with Andrew Ross Sorkin. The conversation covered a range of vital economic issues, including the consequences of the meeting between President Biden and Chinese President Xi Jinping, the condition of the U.S. economy, the ongoing struggle against inflation, and geopolitical factors. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
