FameEX Morning Crypto News Recap | March 27, 2024

US Congress Members Seek Clarity from SEC on Ethereum Stance via Letter

U.S. House Financial Services Committee's Patrick McHenry and Agriculture Committee's Glenn 'GT' Thompson, accompanied by fellow legislators, sent a letter to SEC Chairman Gary Gensler. Their objective was to clarify the SEC's perspective on Ethereum, pressing for more defined regulatory directives regarding this prominent digital currency.

S&P Boosts Canada's 2024 Economic Growth Estimate to 0.9%

S&P Global Ratings revised Canada's 2024 economic forecast, projecting a 0.9% expansion, up from the previous 0.7%. This shift follows stronger-than-expected consumer spending and increased home sales in the first quarter, indicating positive momentum for the country's economic growth trajectory.

Apple's Global Developers Conference Goes Virtual in June, Spotlighting Artificial Intelligence

Apple announced its 35th Worldwide Developers Conference (WWDC), scheduled online from June 10 to 14, with a notable focus on artificial intelligence. Anticipation is high for the unveiling of Apple's AI strategy, expected to bring substantial advancements to the field, generating excitement among participants and industry observers.

El Salvador Amasses 5,700 Bitcoins Valued Exceeding $400 Million

President Nayib Bukele of El Salvador disclosed that the country owns 5,700 Bitcoins, a rise from about 5,690 in mid-March. With Bitcoin valued at over $70,000, El Salvador's Bitcoin holdings now surpass $400 million, underscoring its substantial presence in the cryptocurrency market and its strategic investment in digital assets.

Tether Expands Strategic Horizon with Artificial Intelligence Integration

Tether is transitioning its strategic emphasis to artificial intelligence, intending to create open-source, multi-modal AI models through Tether Data. Their strategy involves embedding AI solutions into market-oriented products and promoting open AI development, emphasizing Tether's innovation commitment and debut in the AI sector.

U.S. Targets 13 Organizations and 2 Persons with Sanctions for Aiding Russia in Bypassing Restrictions via Cryptocurrency Transactions

On Monday, the U.S. Treasury's OFAC issued sanctions against 13 entities and two individuals for assisting Russians in dodging sanctions via cryptocurrency operations. These measures were aimed at those who facilitated or provided services that enabled evasion of U.S. sanctions, highlighting the government's commitment to curbing sanction circumvention through the use of digital currencies.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​