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FameEX Afternoon Crypto News Recap | April 11, 2023

2023-04-11 15:52:10

Expert Predicts US Economy to Experience Recession by Year-End as Fed Tightening Takes Its Toll
According to MPS Capital Services' strategist, the US economy is expected to enter a recession by the end of the year due to the Federal Reserve's monetary tightening. The strategist predicts that the central bank will raise interest rates by an additional 25 basis points, which will have an adverse impact on the economy.

The Confluence of NFTs and AI Technology: A Game-Changer for Digital Creativity
Artificial Intelligence (AI) is revolutionizing non-fungible tokens (NFTs) by generating unlimited variations and combinations, amplifying their distinctiveness, and allowing them to progress over time. Moreover, AI facilitates NFTs' validation, increasing their appeal and value to enthusiasts and collectors in art, music, gaming, and sports sectors.

New York Babylon Art Exhibition Attracts Artists Using Both NFT and Traditional Mediums
The upcoming Babylon x NYC exhibition, arranged by the Web3 gallery Babylon, will display a collection of 100+ artworks created by 30 Founding Artists, who have made a notable influence in the NFT art industry. The showcase, which is scheduled for April 12-13, 2023, in New York City, will feature an assortment of physical and digital artworks, appealing to both the NFT and traditional art communities. The exhibition is expected to generate a considerable amount of interest.

Arkansas Approves Legislation Concerning Rights for Bitcoin Mining
The state of Arkansas has given the green light to the Bitcoin Mining Rights Bill (HB 1730), which creates a framework for the ownership and transfer of "virtual currency mining rights" in the region. This new law provides legal protections for individuals and businesses involved in mining cryptocurrencies by establishing clear guidelines for the acquisition and transfer of mining rights, ensuring greater certainty and security in the industry.

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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