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FameEX Morning Crypto News Recap | November 22, 2023
2023-11-22 12:24:25
As Walkout Threats Escalate, Microsoft, Salesforce, and Nvidia Target OpenAI Talent Pool
OpenAI's removal of CEO Sam Altman has generated apprehension regarding the company's future, as a majority of employees contemplate walking out unless the decision is reversed. Compounding the situation, executives from leading tech companies are actively enticing these potential departures, heightening the internal unrest within the organization.
Fears of Mass Surveillance Emerge Regarding European Digital Identity Wallet Analysts and companies express rising concerns over potential privacy threats associated with the upcoming European Digital Identity Wallet. A leaked Eidas document, specifically Article 45, discloses plans for European web browsers to adopt EU-selected certificates and cryptographic keys, raising worries about potential online surveillance vulnerabilities and regional privacy implications. SEC's Intention to Regulate NFTs Becomes Evident In August, the US Securities and Exchange Commission (SEC) took enforcement actions against Impact Theory for the sale of "KeyNFTs" and Stoner Cats, the creator of the "Stoner Cats" series. These actions imply that the SEC may categorize particular tokens as securities, indicating heightened regulatory oversight within the NFT market. Legal Action Takes Aim at Apple's Limitations on Cryptocurrency Payments A class-action lawsuit has been filed against Apple by consumers, claiming that the company restricts cryptocurrency usage as a payment method through technological and contractual limitations. The lawsuit, submitted on November 17 in the United States District Court for the Northern District of California, contends that Apple impedes the incorporation of decentralized cryptocurrency technology into iOS Peer-to-Peer Payment apps. Federal Reserve Officials Endorse Extended Maintenance of Restrictive Interest Rates Federal Reserve policymakers stand in unison, dedicated to sustaining restrictive interest rates until clear evidence of declining inflation materializes. Nevertheless, the October meeting minutes from the Federal Reserve did not hint at any immediate intentions for rate reductions. The primary emphasis remains on closely monitoring inflation trends before contemplating any substantial adjustments to the existing monetary policy. Singapore Unveils Plan for Smooth Digital Asset Network Transactions in the Financial Sector Singapore's Monetary Authority's managing director has detailed a plan to enable smooth financial transactions across multiple digital asset networks. Acknowledging the prevalence of these networks, the central bank seeks interoperability as a solution, avoiding the consolidation of all transactions onto a single network, ultimately enhancing the digital asset ecosystem within Singapore's financial industry. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
