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FameEX Morning Crypto News Recap | February 5, 2024

2024-02-05 12:13:20

Soros Fund Co-Founder Claims Bitcoin Is Not a Threat to Governments

Renowned investor Jim Rogers, co-founder of Soros Fund Management, stated in a Jan. 31 interview with Kitco News that Bitcoin (BTC) does not pose a threat to governments. He described Bitcoin as merely a trading vehicle, dismissing concerns that it could undermine or replace conventional currencies or legal tender.

EU Member Countries Support Political Accord to Progress with AI Legislation

The EU has progressed in AI regulation, with all 27 member states approving the EU's AI Act's final text. Thierry Breton, EU Commissioner for Internal Market, hailed this as a "historical" and "world first" regulatory achievement for AI, marking a significant milestone in the EU's approach to AI governance.

AI Report Raises Alarm on Employment Impact in Entertainment Sector

In a January 2024 report, CVL Economics found from a survey of 300 entertainment industry leaders that 75% witnessed job impacts due to generative AI, including eliminations, reductions, or consolidations. Respondents spanned c-suite to mid-level management across six sectors, highlighting significant AI-induced changes in employment from November to December 2023.

Trump Warns AI May Be the Greatest Danger Looming: 'Terrifyingly Real'

Former U.S. President and Republican front-runner Donald Trump recently expressed grave concerns about artificial intelligence (AI) in an interview with Fox Business’ Maria Bartiromo. He described AI as "the most dangerous thing out there" and starkly warned that "there's no real solution" to the challenges it presents, highlighting his apprehension towards the technology's impact.

Super Bowl LVIII Anticipated to Lack Cryptocurrency Advertising Spots

During Super Bowl LVIII, where the Kansas City Chiefs will compete against the San Francisco 49ers on February 11, millions of American football fans are expected to notice a scarcity of advertisements for cryptocurrency exchanges. This marks a notable shift in the advertising landscape for one of the year's biggest sporting events.

DOJ Accuses Pair of Conducting Crypto Mining Within School District Amid US Energy Investigation

The United States Department of Justice (DOJ) has indicted two high-ranking employees of the Patterson Joint Unified School District for purportedly running a cryptocurrency mining scheme across the district's 10 schools. This operation, carried out on school property, used school resources, significantly increasing the electricity expenses associated with the facilities.

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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