FameEX Morning Crypto News Recap | June 13, 2023

Weekly NFT Market Sales Witness 20% Decline in the Wake of Recent Growth
After experiencing several weeks of consistent growth, the sales of non-fungible tokens (NFTs) took a notable hit this week, declining by 20.44%. Within a seven-day period, the total NFT sales reached $152.96 million, out of which $84 million was generated specifically on the Ethereum blockchain. This downturn marks a significant setback for the NFT market after its recent upward trajectory.

Iran and Russia Join Forces in Crypto Cooperation, Launch Tool for Enhanced Trade in National Currencies
Iran and Russia have held discussions among experts and business representatives to explore the utilization of cryptocurrencies and blockchain technology. As part of their collaboration, they are introducing groundbreaking financial instruments to promote bilateral trade, leveraging their national currencies. The aim is to facilitate trade enhancements and foster stronger economic ties between the two nations.

Bitcoin Miners Flee Venezuela Following Implementation of National Mining Ban
After a nationwide mining ban was imposed by the Venezuelan government due to allegations of a $20 billion corruption scandal involving the Venezuelan crypto regulator, Sunacrip, bitcoin miners in the country are now actively looking to relocate their operations to other Latin American countries.

European Consumer Organization Advocates Limiting Promotion of Cryptocurrencies on Twitter and TikTok
The BEUC, the European Consumer Organization, is urging Brussels to enforce stricter advertising regulations on Twitter and TikTok regarding the promotion of cryptocurrencies. They are also advocating for measures to prevent influencers from misleading investors in the crypto industry, aiming to protect consumers from potential risks and misinformation.

US Lawmakers Propose 'SEC Stabilization Act' for the Removal of Gary Gensler
US Representative Warren Davidson has put forth the "SEC Stabilization Act" in the House of Representatives, with the intention of ousting Gary Gensler, the Chair of the Securities and Exchange Commission (SEC). The bill aims to safeguard the US capital markets and address concerns surrounding Gensler's leadership by advocating for his removal.

UK Secures Exclusive Access to AI Models from Google and OpenAI
British Prime Minister Rishi Sunak announced that Google DeepMind, OpenAI, and Anthropic, prominent players in generative AI technologies, will provide the United Kingdom with early access to their AI models. While the details of the access remain undisclosed, this agreement signifies a potentially groundbreaking advancement in the field.

Thailand Commences Retail CBDC Pilot Program in Collaboration with Two Banks and a Singaporean Payment Service
The Bank of Thailand plans to launch a retail central bank digital currency (CBDC) pilot program in a regulatory sandbox. With the participation of three payment providers, the pilot will involve up to 10,000 users and is scheduled to run from the current month until August.

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