FameEX Morning Crypto News Recap | January 16, 2024

IMF Head Acknowledges Crypto as an Asset Class, Asserts Bitcoin Won't Replace US Dollar's Dominance

IMF chief Kristalina Georgieva recognizes cryptocurrencies as an asset class rather than currency. She downplays the idea of bitcoin replacing the U.S. dollar's global dominance, pointing to the vast size of the U.S. economy and the advanced, deep capital markets as major reasons for the dollar's enduring supremacy.

Bitcoin Technical Overview: BTC Experiences Muted Beginning of the Week Due to US Market Shutdowns

Monday is expected to see reduced trading activities due to Martin Luther King Jr. Day, leading to the closure of major U.S. markets like the bond market, Nasdaq, and the New York Stock Exchange (NYSE). During this time, Bitcoin's intraday prices have shown fluctuations, ranging between $41,746 and $43,005.

Indiana Introduces Bill on Cryptocurrency Rights

Indiana aims to join other states in safeguarding its citizens' cryptocurrency rights. A new bill, introduced by Rep. Heath VanNatter in the Indiana General Assembly, seeks to ensure the state government does not interfere with aspects of cryptocurrency like self-custody, mining, and validation, marking a significant move towards cryptocurrency autonomy in the state.

Regulatory Challenges in Africa Hinder Web3 Advancements

Jathin Jagannath, a developer advocate at Cartesi, a Web3 rollup protocol, identifies regulatory uncertainties as a major obstacle in Africa's Web3 environment. He points out that the lack of clear and precise regulations for Web3 technologies leads to reluctance among prospective users and investors, hindering the growth and adoption of these technologies in the region.

Microsoft Introduces Copilot Pro Featuring Custom GPTs and Integrated Office Capabilities

Microsoft is rolling out Copilot Pro, a new subscription service priced at $20. It features native integration with Office applications such as Excel, PowerPoint, and Word. Additionally, it offers an interface that enables users to create and activate their own chatbot personas, enhancing user interaction and productivity within the Office suite.

Sony Creates AI System for Generating Fantasy NPC Characters Based on Dialogue

Sony researchers have developed an AI system that can transform dialogue fragments into fantasy "personas" suitable for non-player characters in video games and other media. The team's paper highlights their aim to create more engaging and dynamic personas, moving away from traditionally dull character designs in gaming and entertainment.

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