FameEX Morning Crypto News Recap | August 17, 2023

Robert Kiyosaki Envisages Bitcoin Reaching $1 Million, Gold Hitting $75,000, and Silver Reaching $60,000 Amidst Global Economic Turmoil
'Rich Dad Poor Dad' author Robert Kiyosaki predicts gold, silver, and bitcoin prices in a global economic crash. He highlights excessive national debt and warns of troubles for U.S. dollar holders, underlining the importance of being prepared for potential financial challenges.

Singapore Implements Stablecoin Guidelines; MAS to Categorize Regulated Tokens
The Monetary Authority of Singapore (MAS) has implemented measures to uphold stability in regulated stablecoins. Issuers seeking the "MAS-regulated" designation must satisfy specified criteria for their city-state-based fiat-backed tokens as per the established framework.

US Congressman Warren Davidson: 'Blocking CBDC Is Vital for the Future of US Fintech'
US Congressman Warren Davidson underlines the significance of prohibiting central bank digital currencies (CBDCs) to propel the growth of American fintech. He makes a clear distinction between CBDCs and cryptocurrencies, urging against conflating these distinct concepts in discussions and policy considerations.

PayPal Suspends UK Crypto Purchases Amid Regulatory Changes; Set to Resume in Early 2024
PayPal notifies UK clients about temporarily suspending crypto purchases starting October 1, 2023, and aims to resume them in early 2024. Users can retain their cryptocurrencies within PayPal during this period and choose to sell them whenever they prefer.

Ledger Introduces Integration with U.S. PayPal, Allowing Crypto Purchases Within the App
Ledger, the hardware wallet manufacturer, joins forces with PayPal to reveal the incorporation of Ledger Live software. This integration enables verified U.S. PayPal account holders to seamlessly buy Bitcoin through Ledger Live without the need for extra verification, effectively simplifying the procedure, as jointly disclosed on August 16.

Bitcoin Holders Possess Smallest BTC Quantity Since $69K All-Time Highs
Glassnode's "The Week On-Chain" newsletter highlights dwindling confidence among short-term Bitcoin holders (STH), with their supply down to 2.56 million BTC. Glassnode raises concerns about a possibly imbalanced Bitcoin market, suggesting it could be "top heavy."

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