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FameEX Morning Crypto News Recap | December 14, 2023
2023-12-14 13:48:35
SEC Holds Talks with BlackRock, Fidelity, Franklin Templeton, and Grayscale on Spot Bitcoin ETF Applications The U.S. SEC has been in talks with spot bitcoin ETF issuers, including meetings with BlackRock, the world's largest asset manager. These engagements have drawn comparisons to Santa's busy elves, according to a Bloomberg ETF analyst, highlighting the increased regulatory activity surrounding cryptocurrency-related financial products. Saudi Aramco, the World's Largest Oil Company, Teams Up with SBI Holdings for Potential Digital Asset Investments Saudi Aramco, the world's largest oil and gas company, is venturing into the realm of digital asset investments. With a market capitalization exceeding $2 trillion, the company has inked a memorandum of understanding (MOU) with Japan's SBI Holdings, a financial services firm. This strategic collaboration aims to explore investment opportunities, with a special emphasis on the digital asset sector. US Accounting Standards Board to Include Fair Value for Institutional Crypto Assets Cryptocurrency companies and institutional holders of digital assets will soon adopt more accurate valuation methods for their crypto holdings following changes in U.S. accounting standards. The U.S. Financial Accounting Standards Board (FASB) has announced that starting in late 2024, crypto assets will be reflected at their fair market value in accounting statements. Microsoft and US Labor Organization Join Forces to Promote Worker-Centric AI Development Microsoft is partnering with the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) to investigate how artificial intelligence (AI) can better address workers' needs and involve them in AI development and implementation. This collaboration focuses on prioritizing workers' rights and integrating feedback from labor leaders into the development of AI technologies. 40% of Crypto Game Developers Anticipate Involvement in Traditional Gaming by 2024 In the "2023 State of the Industry Report" by the Blockchain Gaming Alliance, released on December 12, approximately 38% of those surveyed expressed the belief that the entry of traditional Web2 gaming studios into the Web3 sector or the integration of blockchain elements into existing games will be a driving force for the industry's advancement in 2024. DWS, a German Asset Manager, Collaborates with Galaxy to Introduce Euro Stablecoin DWS Group has announced the creation of AllUnity, a euro stablecoin, through a partnership with Flow Traders and Galaxy. The stablecoin will be fully collateralized and regulated by Germany's Federal Financial Supervisory Authority (BaFin). The project's long-term goal is to facilitate widespread adoption of digital assets and tokenization. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
