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FameEX Morning Crypto News Recap | April 5, 2023

2023-04-05 15:43:45

Twitter Faces Backlash from Bitcoin Supporters for 'Totally Irresponsible' Doge Logo Change
Twitter's recent change of logo from a blue bird to a cartoon image of the Shiba Inu Doge, the mascot of meme cryptocurrency Dogecoin, has led to controversy within the cryptocurrency community. In response to the change, the value of Dogecoin has risen by 27% in the past 12 hours. However, some supporters of Bitcoin have criticized Elon Musk, claiming that the change promotes "unregistered securities" by associating Twitter's brand with a meme associated with Dogecoin.

BTG Pactual Investment Bank in Brazil to Launch US Dollar-Backed Stablecoin
Brazil's BTG Pactual, a major investment bank, has revealed that it will launch its own stablecoin, called BTG Dol. Backed by the US dollar, the stablecoin will be added to the bank's crypto platform, Mynt, which currently supports 22 other cryptocurrencies. The announcement of the stablecoin follows BTG Pactual's entry into the digital asset market through the launch of its own security token and crypto asset platform.

Italian Regulator's Blocking of AI Chatbot ChatGPT Receives Criticism
Italian regulators' temporary ban on the conversational AI ChatGPT due to privacy concerns has received criticism from both tech industry figures and Italian Deputy PM Matteo Salvini. The AI-powered chatbot generates natural language responses to users' questions. Critics view the ban as excessive and a sign of Italy's slow adoption of new technologies. This incident highlights the importance of balancing innovation with privacy concerns, a challenge that regulators around the world face as AI continues to transform industries.

Anti-Bitcoin Mining Bill Gets Approved by Texas Senate Committee Despite Controversy
Texas Senate Moves Forward with Stricter Regulations on Bitcoin Mining, Proposing Bill to Regulate Miners' Interactions with Power Grid and Tax Earnings. Sponsored by GOP Senators, the Bill Seeks to Address High Energy Consumption Associated with Bitcoin Network. Will Other States Follow Suit in Tightening Regulations on Bitcoin Mining?

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

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