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FameEX Morning Crypto News Recap | October 9, 2023
2023-10-09 12:14:46
Joe Rogan Picks Bitcoin as the Top Contender for a 'Global and Practical Currency'
OpenAI CEO Sam Altman recently explored artificial intelligence (AI) during an episode of the Joe Rogan Experience podcast. Rogan showcased a strong fascination with Bitcoin, labeling it as the most captivating cryptocurrency. He went on to emphasize his belief in Bitcoin's potential to become a universally embraced and practical form of currency, underlining its importance in the world of cryptocurrencies.
Berkshire Hathaway's Vice Chair Charlie Munger Warns of Potential Worthlessness in Most Crypto Investments
Charlie Munger, Berkshire Hathaway's Vice Chairman and Warren Buffett's close collaborator, contends that most cryptocurrency investments will be worthless. He particularly criticizes Bitcoin, deeming it the "dumbest investment" he's ever seen. Munger's remarks underscore his doubt about cryptocurrencies' potential as enduring investments.
NFT Sales Endure Ongoing Slump, No Signs of Recovery While the wider cryptocurrency market showed a modest improvement, NFT sales have persistently declined for seven weeks in a row. In the most recent week, NFT transactions totaled $66.11 million, marking an 11.65% decrease from the previous week. This divergence underscores the contrasting performance of NFTs compared to the broader crypto market. Bitcoin Stays in 'Neutral' Territory as Market Consolidation Persists, According to Fear and Greed Index On October 8, 2023, Bitcoin's price hovers just below the $28,000 mark, marking a 2.6% weekly gain. The Crypto Fear and Greed Index (CFGI) maintains its neutral score of 50, mirroring the prior week's sentiment. Technical analysis reinforces this stability, indicating that Bitcoin's price has consolidated into a narrower trading range, highlighting a well-balanced market sentiment prevailing in the cryptocurrency space. Ripple's CTO Seeks Community Consensus on Integrating XRPL AMM Feature David Schwartz, Ripple's CTO, proposes XRP Ledger (XRPL) validators support an automated market maker (AMM) feature. But, crucially, he insists that this adoption hinges on unanimous consensus within the XRPL community. This underscores Ripple's dedication to community-driven decision-making in advancing its blockchain technology. Legal Expert Foresees Possible Conclusion of SEC vs. Ripple Case in 2027 Renowned attorney Jeremy Hogan recently shared his perspectives regarding the future of a specific legal case on X (formerly Twitter). In his analysis, he detailed several potential scenarios and suggested that a resolution may be attainable by the year 2027. This provided valuable insights into the anticipated trajectory and timeline of the case. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
