FameEX Morning Crypto News Recap | September 12, 2023

Assessing the Online Safety Bill's Influence on Privacy within the UK

The Online Safety Bill, designed to combat illegal content, encounters opposition from tech giants due to privacy and encryption worries. It introduces measures allowing the government to mandate messaging platforms to scan messages for harmful content, prompting privacy concerns.

Crypto Mining Facility Renewal in New York Sparks Environmental Activist Protest Due to Climate Concerns

Environmental activists are escalating their efforts to sway New York authorities against renewing an air permit for a North Tonawanda cryptocurrency mining facility. They contend that the facility jeopardizes residents' welfare and conflicts with the state's climate objectives, according to a report by Mark Scheer in the Niagara Gazette.

BTC Witnesses Its Biggest Weekly Drop as Digital Asset Investment Outflows Hit $59 Million

During the initial week of September, Digital Asset Funds saw a substantial $59 million outflow in digital assets, as per Coinshares data. Over the past four weeks, the total value of digital asset investment products managed decreased by $294 million (0.9%). Bitcoin (BTC) had the largest net outflow at $69 million during this period.

India's Central Bank Digital Currency Attracts 1.5 Million Users and 300,000 Merchants, Reveals RBI Chief

RBI Governor Shaktikanta Das revealed that India's CBDC now has 1.5 million users, with over 300,000 merchants accepting digital rupees. This CBDC pilot program operates through 13 banks in 26 cities, showcasing the increasing adoption of digital currency in India's financial sector.

Gary Gensler, SEC Chair, to Uphold Cryptocurrency Regulation Position in Senate Hearing

Despite recent legal hurdles, SEC Chair Gary Gensler remains steadfast in asserting the SEC's role in cryptocurrency regulation. On September 12th, he will underscore to lawmakers his conviction that the SEC should retain control over the cryptocurrency realm, undaunted by recent courtroom setbacks.

Google Launches $20 Million Digital Futures Project to Advocate for Ethical AI

Google and Google.org have launched the Digital Futures Project, allocating $20 million in grants to renowned global think tanks and academic institutions. Launched on September 11, this initiative is dedicated to researching responsible artificial intelligence (AI) technologies, encouraging dialogue and scholarly exploration in the AI domain.

G20 Countries Reaffirm Their Pledge to Ethical Deployment and Progression of AI Technology

As Brazil takes over the G20 Presidency from India, member countries commit to the responsible utilization of artificial intelligence (AI) technology. Additionally, discussions on the future include considerations regarding cryptocurrency assets and central bank digital currencies (CBDCs).

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