Bitcoin should be treated as a commodity, like gold — Cantor Fitzgerald CEO
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
Cantor Fitzgerald CEO Howard Lutnick advocates for Bitcoin to be classified as a commodity, citing its similarities to gold and oil.
The U.S. Federal Reserve's core Personal Consumption Expenditures (PCE) price index, regarded as the Fed's preferred inflation gauge, is set to be released at 20:30 tonight, according to Jinshi Data. Market expectations are leaning towards positive news, with hopes that the data will show a continued slowdown in consumer spending.Following recent statements from Federal Reserve officials, tonight's report will be closely monitored to see if it supports increasing expectations for potential interest rate cuts. This could lead to significant market volatility, and investors are advised to be cautious of potential risks.
According to Foresight News, Web3 football game Sorare has been accused of unlicensed gambling by the UK Gambling Commission. The commission stated that Sorare is alleged to have provided gambling facilities without holding an operating license, which is a violation of the 2005 Gambling Act. A court hearing is scheduled for October 4.Sorare has contested the allegations, arguing that the law has been misapplied. The company stated, 'The commission has misunderstood our business and incorrectly believes that gambling laws apply to Sorare. We firmly deny any claims that Sorare is a gambling product under UK law.' Sorare is a football fantasy league game that utilizes the Ethereum blockchain, allowing players to trade football cards.
According to Odaily, Fox Business journalist Eleanor Terrett revealed on the X platform that a former SEC lawyer, who recently left the agency, indicated that the SEC might appeal Judge Torres' ruling in the Ripple case from July 2023. The former lawyer mentioned that the decision to appeal is driven by a strong belief within the SEC that the ruling was incorrect and should be contested. The deadline for the SEC to file an appeal is October 7.
According to BlockBeats, Morocco has announced the launch of its 'Digital Morocco 2030' strategy, allocating a budget of $1.1 billion. The initiative aims to transform the country into a global digital hub through the integration of artificial intelligence (AI) and blockchain technology. By 2030, the strategy seeks to create 240,000 new jobs in the digital sector, increase digital export revenues to 40 billion dirhams (approximately $4.15 billion), and boost the overall contribution of the digital economy to 100 billion dirhams (around $10.36 billion).The Moroccan government plans to utilize blockchain technology to develop a unified administrative service portal, which will manage services related to healthcare, education, and social security. Additionally, AI systems will be employed to analyze and process data in real-time, enhancing the quality of these services. The strategy also includes increasing 5G coverage to 70% of the country's land area, establishing 3,000 startups, and attracting global AI and blockchain technology companies to set up operations in Morocco, thereby contributing to the nation's growing tech ecosystem.
According to BlockBeats, on September 27, Federal Reserve Governor Cook expressed her wholehearted support for the Fed's recent decision to cut interest rates by 50 basis points. In her prepared remarks at Ohio State University on Wednesday, Cook cited a slowing labor market and easing inflation as key reasons for the rate cut. She emphasized that this decision reflects the Fed's growing confidence in maintaining a robust labor market while achieving moderate economic growth and sustainable inflation reduction through appropriate policy adjustments.Cook's speech also focused on the implications of artificial intelligence (AI) for American workers. She highlighted that AI has the potential to significantly and sustainably boost labor productivity. While acknowledging that AI might lead to job displacement, Cook also pointed out that it could create new job opportunities.
According to a previous Forbes report, Zhao and Binance collectively hold 71% of the roughly 146 million BNB tokens in circulation.
Crypto platforms in Canada are having trouble preparing for new stablecoin regulations. Take your time, the Canadian Securities Administrators said.
Binance founder and former CEO Changpeng “CZ” Zhao is the wealthiest person to serve jail time in the US, with current net worth estimated more than $60 billion.
He served four months in federal prison for charges including alleged violations of United States Anti-Money Laundering rules.