Markets
Referral & Affiliate
Rewards
Products
Support Center
News
Research
Download
English(Australia)
FameEX Morning Crypto News Recap | December 15, 2023
2023-12-15 16:30:00
Analysts Expect 'Higher Cryptocurrency Prices in 2024' Regardless of Spot Bitcoin ETF Approval
Matrixport's research shows that U.S. money market fund deposits have doubled since the start of the COVID-19 pandemic, signaling positive prospects for the cryptocurrency market's growth. Analysts are optimistic about Bitcoin's continued rise, even if a spot exchange-traded fund (ETF) is not approved, citing multiple factors supporting its demand.
Don't Get Too Hopeful About the Fed's 'Dovish' Position – Prepare for Another Rate Increase The December Federal Open Market Committee (FOMC) meeting led to market optimism, particularly in cryptocurrencies, as the Federal Reserve appeared more dovish on monetary policy. However, in 2024, the central bank may need to address rising prices, potentially necessitating rate hikes to meet its 2% inflation target, which could come as a surprise to the markets. UK MPs Largely Lack Understanding of Cryptocurrency, Industry Association Reports CryptoUK, a self-regulatory trade association, has disclosed that just 5% of all Members of Parliament (MPs) in the United Kingdom have publicly discussed cryptocurrency and blockchain issues, highlighting a significant knowledge gap among lawmakers. However, MPs Andrew Griffith and Lisa Cameron have distinguished themselves as vocal proponents of cryptocurrencies within the UK government. Bank of Korea Governor Highlights the Immediate Necessity of Central Bank Digital Currency Bank of Korea Governor Rhee Chang-yong stressed the immediate necessity of implementing a central bank digital currency (CBDC) in response to the challenges presented by stablecoins such as USDT and USDC. Speaking at a digital currency conference in Seoul, Rhee underlined the importance of central banks addressing these challenges to safeguard their monetary policy operations. Certainly, here's a revised title: "South Korean Web3 Firm Raises $140 Million in Funding" South Korean NFT developer Line Next has raised $140 million in funding in a significant investment round led by a consortium that includes Crescendo Equity Partners, a private equity firm backed by Peter Thiel. This funding marks a notable milestone for Line Next and the broader blockchain and NFT sector in Asia, reflecting the growing importance of such projects in the region's tech ecosystem. China's AI Market Exceeds $1.42 Trillion in 2023 In 2023, China's AI market reached a staggering 10 trillion yuan ($1.42 trillion), according to data from the state-owned China Electronics Information Industry Development Academy (CEIIDA). This remarkable growth can be attributed to the extensive utilization of generative AI technology across diverse sectors, such as manufacturing, retail, and information technology. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
