FameEX Morning Crypto News Recap | September 10, 2024

Bernstein predicts a Trump victory could drive Bitcoin to $90,000

According to a Bernstein report, if Donald Trump wins the U.S. election in November, Bitcoin could hit a new high, potentially reaching $90,000 by the fourth quarter. In contrast, if Kamala Harris wins, Bitcoin might fall below $50,000, possibly testing the $30,000-40,000 range later this year.

Commerce Department proposes requiring advanced AI developers and cloud providers to report on technology security

The U.S. Department of Commerce proposed new reporting requirements for advanced AI developers and cloud computing providers to ensure technology security and resilience against cyberattacks. The Bureau of Industry and Security suggests that developers of cutting-edge AI models and computing clusters must report their activities to the federal government to enhance oversight and safeguard against potential threats.

16 publicly listed Bitcoin mining companies hold nearly 23% of the BTC production market share

According to The Miner Mag, 16 listed Bitcoin mining companies now control nearly 23% of the BTC production market share. In August, these companies produced a total of 3,226 Bitcoins, matching their output from May, June, and July combined.

Elon Musk could be called to testify before British Parliament as X platform faces legal challenges worldwide

The British Parliament may summon Elon Musk to testify about his social media platform X. Labour MP Dawn Butler intends to invite Musk to a hearing of the Science and Technology Select Committee, focusing on the platform's algorithms and content moderation practices.

Latvian Central Bank offers MiCA pre-licensing consultations to assist local crypto asset service providers

The EU's Crypto Asset Market Regulation (MiCA) is being implemented, and the Latvian Central Bank will begin issuing licenses for crypto asset service providers (CASPs) in January 2025. To support local CASPs, the bank is currently offering free pre-licensing consultations, helping companies prepare for the application process under the new regulations.

Tokyo Electric Power subsidiary harnesses surplus solar energy for Bitcoin mining

Adaptive Energy X, a subsidiary of Tokyo Electric Power Company, is mining Bitcoin using surplus electricity from solar farms in Tochigi and Gunma prefectures. By placing mining equipment near these solar farms, the company efficiently utilizes renewable energy that would otherwise go to waste.

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