FameEX Morning Crypto News Recap | August 15, 2023

Robert Kiyosaki Advises Buying Silver Prior to Exhaustion
Renowned for 'Rich Dad Poor Dad,' Robert Kiyosaki highlights the need for investors to buy silver sooner due to increasing scarcity. He contends that silver's long-term investment potential outperforms gold, presenting a more advantageous option for buyers.

Experts Envision BRICS as Potential G7 Competitor, Citing Significant Prospects
International relations experts underscore the significant influence of the BRICS coalition on the global economic structure. With major emerging markets and over a quarter of the global GDP, the bloc is being seriously considered as a potential competitor to the developed economies of the G7 group.

This Week's Expectation: Analysts Deliberate on Upcoming Verdict of Grayscale Bitcoin ETF
Grayscale Investments is working to convert its Bitcoin trust into a spot Bitcoin exchange-traded fund (ETF). The pending verdict on the company's lawsuit against the federal securities regulator, expected by the week's conclusion, carries significant implications for this transition, potentially influencing the future direction of Grayscale's Bitcoin ETF endeavors.

Disclosure by UK Regulator: Only 13% of Crypto Registration Applications Approved
Since January 2020, the UK's Financial Conduct Authority (FCA) has received 291 registration applications from crypto firms, with just 13% gaining approval. This endorsement allows the firms to function under FCA oversight within the country's borders.

Anthropic AI Secures $100M Investment to Strengthen Telecommunications Industry, Backed by South Korean Funding
Anthropic AI, supported by Google, secures $100M funding from SK Telecom for telecom improvement. Their joint effort focuses on a multilingual large language model (LLM) to advance language comprehension and telecom industry capabilities in the Telco AI Platform.

PayPal Launching Exclusive Cryptocurrency Hub for Selected Users
PayPal, a major payments player, introduces the Cryptocurrencies Hub within its terms, building on the recent launch of the PayPal USD stablecoin. This enhancement enables users to securely store, control, and interact with Bitcoin and diverse cryptocurrencies directly through their PayPal accounts.

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