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FameEX Morning Crypto News Recap | November 23, 2023
2023-11-23 12:18:40
US Lawmaker Urges Congress to Prioritize Crypto Opportunities for National Security Enhancement
A US lawmaker has called upon Congress to give precedence to cryptocurrency activities and opportunities within the United States, citing their potential to bolster national security. They underscored the recent Department of Justice actions against exchanges as a notable factor and stressed the efficacy of existing cryptocurrency regulations, advocating against substantial legislative overhauls in the crypto industry.
Digital Ruble Pilot Program to Include Budget Expenditures in Upcoming Year Anton Siluanov, Russia's finance minister, has disclosed that the Central Bank of Russia will expand the pilot phase of the digital ruble next year to include the execution of yet-to-be-defined targeted budget expenditures. This move signifies the digital ruble's evolving role in settling specific types of budget-related transactions. Nvidia Reports Record $18 Billion in Q3 Revenue, Attributing Growth to Generative AI Nvidia achieved a historic Q3 revenue of $18 billion, primarily driven by robust sales of artificial intelligence (AI) hardware. CEO Jensen Huang credited AI startups, consumer internet companies, and cloud service providers as major contributors to this remarkable growth. He also noted the emergence of new opportunities in the AI sector, indicating potential for further expansion. OpenAI and Microsoft Sued Over Alleged Unauthorized Use of Authors' Work Author and Hollywood reporter Julian Sancton has filed a lawsuit against OpenAI and Microsoft, accusing them of using nonfiction authors' work without authorization to train AI models, including ChatGPT. The lawsuit, initiated on November 21, asserts that Microsoft was cognizant of OpenAI's indiscriminate web scraping for copyrighted content. Belgium's Efforts to Revive the EU Blockchain Infrastructure Project Belgium's upcoming presidency will prioritize four key areas, including the development of a pan-European public blockchain infrastructure. Mathieu Michel, the Secretary of State for Digitization, also emphasized their commitment to tackling AI challenges, enhancing online anonymity, and promoting digital skills within the digital economy during their term. FTC Bolsters Investigation Procedures to Tackle AI-Related Legal Breaches The US Federal Trade Commission (FTC) has embraced a more streamlined investigative approach to address unlawful AI activities, demonstrating its increased dedication to addressing potential legal infractions connected to AI applications. This refined procedure is designed to bolster the agency's capacity for more effective regulation and enforcement of AI-related violations. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
