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FameEX Morning Crypto News Recap | December 27, 2023
2023-12-27 12:16:50
Barry Silbert Announces Departure from Chairman Role at Grayscale Investments
Barry Silbert, the founder of Digital Currency Group (DCG), has relinquished his chairman position at Grayscale Investments. Mark Shifke, currently serving as DCG's Chief Financial Officer, is set to fill Silbert's role. The board of Grayscale also welcomes Edward McGee and Matthew Kummell as new members, signifying a substantial shift in its leadership team.
Nearly 41% of Central Banks Worldwide Project to Implement Operational Central Bank Digital Currencies (CBDCs) by 2028 A study from the Official Monetary and Financial Institutions Forum (OMFIF) reveals that 41% of central banks surveyed anticipate having operational central bank digital currencies (CBDCs) by 2028. Additionally, the survey highlights an evolving positive stance on CBDCs, with 30% of the banks reporting a heightened inclination to issue digital currencies in the last 12 months. Bitcoin's Hash Rate Achieves Unprecedented Peak Bitcoin's hash rate soared to a historic high of 544 exahashes per second (EH/s) on December 25, as per Blockchain.com's data. Bitinfocharts also observed a surge in the average hash rate during the weekend. This record highlights a significant growth in Bitcoin's network hash rate, which has impressively increased by 130% since the beginning of the year, effectively doubling. Search Queries for 'AI' on Google Eclipse Bitcoin and Crypto in Current Year In 2022, Google Trends data indicated a higher user interest in artificial intelligence (AI) over "Bitcoin" or "crypto." The increase in searches for "AI" notably spiked around November 2022, aligning with the release of OpenAI's ChatGPT. Following this, the disparity in search frequency between AI and cryptocurrency-related terms has been expanding. Last Week Saw $103 Million Inflows into Crypto Investment Products The week concluding on December 22 witnessed a remarkable turnaround in cryptocurrency investment products, recording inflows of $103 million, compared to the $16 million outflow seen the week prior, as per CoinShares data. This continues a steady pattern in the crypto exchange-traded product (ETP) market, which has seen inflows in 12 of the past 13 weeks. Microsoft Introduces Standalone Copilot AI App in the Android Store Silently launched by Microsoft, the new AI chatbot app Copilot for Android has emerged without any official press release or announcement. Discovered initially by a Twitter user, this release from the tech powerhouse in Redmond is a notable addition to the expanding range of AI-driven mobile apps, offering consumers more innovative options right on their smartphones. Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.
