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FameEX Morning Crypto News Recap | February 2, 2024

2024-02-02 12:22:50

Global Survey Shows Optimism for Bitcoin: Participants Expect BTC to Surge to $60K and Higher in 2024

A global survey gathering views from nearly 10,000 people across diverse regions including Western and Eastern Europe, Southeast Asia, East Asia, MENA, and Latin America, reveals a bullish outlook on bitcoin. Over half of the respondents expect bitcoin to range between $30,000 to $60,000 around its halving in April 2024, with 30% predicting prices will soar above $60,000.

Volkswagen Establishes New AI Firm to Develop Prototype Automotive Technology

Volkswagen has announced the launch of "AI Lab," a new artificial intelligence company aimed at advancing vehicle technology through digital prototyping and partnerships within the broader tech industry. This initiative reflects Volkswagen Group's commitment to integrating AI into its vehicle development strategy, fostering innovation and collaboration with tech industry leaders.

Salvadoran President's Commitment to Bitcoin Strategy Remains Firm During Elections

In the run-up to El Salvador's general elections, Vice President Félix Ulloa has assured that their commitment to Bitcoin remains unshaken, contingent on his party's reelection. Amidst $1.3-billion loan negotiations with the International Monetary Fund (IMF), El Salvador has been nudged again by the IMF to reevaluate its Bitcoin stance, highlighting the international scrutiny over its pioneering cryptocurrency policy.

FCC Chair Suggests Banning AI-Driven Robocalls

FCC Chairwoman Jessica Rosenworcel, in a recent announcement, proposed treating AI-generated voice calls as unlawful under the Telephone Consumer Protection Act (TCPA). This move on January 31 aims to regulate and penalize such robocalls, aligning them with existing telecommunications laws and protections against unsolicited communications.

Core Scientific Extracted $812 Million in Bitcoin During 2023

Core Scientific, after filing for Chapter 11 bankruptcy in June 2023, successfully emerged from bankruptcy on January 27, and its stock was relisted on the Nasdaq. In 2023, it became the largest publicly listed cryptocurrency mining company in North America, having mined 19,274 Bitcoin valued at $812 million.

Bitcoin Surge Triggers 'Urgent' Examination of US Crypto Miner Power Consumption

The U.S. Department of Energy is set to monitor crypto miners' energy usage over the next six months, triggered by rising Bitcoin prices and a surge in mining activities. Starting next week, the DOE's initiative aims to gather comprehensive data on the power consumption of U.S. crypto mining operations amid growing concerns over their energy impact.

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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