FameEX Morning Crypto News Recap | January 23, 2024

US Senator Marco Rubio Highlights Threat to Western Sanctions from Expanding BRICS Influence

Senator Marco Rubio from Florida has voiced apprehensions about the increasing clout of the BRICS group in the worldwide economy. He cautions that BRICS' expansion might forge an alternative to the prevailing financial system, allowing nations to drift from the U.S. dollar and diminishing the power of unilateral sanctions.

Bitcoin Dips Below $40K Mark for First Time in 48 Days, Causing Widespread Drop in Cryptocurrency Market

Bitcoin experienced a significant market downturn on January 22, 2024, as its value fell below the $40K threshold for the first time in 48 days. Market analysis revealed a 4% reduction in Bitcoin's value in just 24 hours and a substantial 14.2% decrease over the preceding two weeks, highlighting a marked decline in its market standing.

US Presidential Hopefuls Supporting Crypto Exit Race, Trump Resolute in Opposing CBDC: Law Analysis

U.S. presidential candidates Vivek Ramaswamy and Ron DeSantis have exited the race, while Donald Trump firmly opposes the introduction of a Central Bank Digital Currency (CBDC) in the U.S. Gaining traction in the Republican primaries, Trump has embraced an important cryptocurrency position previously held by his now-withdrawn rivals.

Quantum Computing's Pivotal Moment Comparable to ChatGPT Could Be Approaching Soon

Experts in technology from various sectors, including government, academic, and private entities, are actively working to safeguard worldwide data from the emerging threat of quantum decryption. Recognized as a major technological hazard comparable to the dangers posed by AI, this situation could also present opportunities for beneficial developments and breakthroughs.

Study by MIT/IBM Indicates Humans Are Still More 'Economically Beneficial' Employees Than AI

The latest analysis, though not all-encompassing, indicates that the replacement of human labor with AI might occur more slowly than previously thought. While there has been considerable speculation about AI taking over human jobs, with estimates suggesting automation could affect up to half of current human roles, this recent study casts doubt on the rapidity of this change.

Crypto Fund Outflows Total $24.7 Million as GBTC Sales Influence Bitcoin Price

CoinShares' report, "Digital Asset Fund Flows Weekly," published on January 22, shows a trend of institutional investors reducing their Bitcoin holdings. The data highlights that investment products centered on Bitcoin witnessed a collective outflow of $24.7 million over the previous week, pointing to a changing attitude among investors regarding Bitcoin.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​