FameEX Morning Crypto News Recap | September 10, 2024

Bernstein forecasts Bitcoin could reach $90,000 with a Trump victory

A Bernstein report predicts that if Donald Trump wins the U.S. election in November, Bitcoin could surge to $90,000 by the fourth quarter. However, if Kamala Harris wins, Bitcoin might drop below $50,000, possibly testing the $30,000-40,000 range.

Commerce Department suggests mandatory reporting on technology security for advanced AI developers and cloud providers

The U.S. Department of Commerce proposed requiring advanced AI developers and cloud computing providers to report on their technology for security and cyberattack resilience. The Bureau of Industry and Security suggests that developers of cutting-edge AI models and computing clusters must report to the federal government to improve oversight and protect against potential threats.

Nearly 23% of BTC production is controlled by 16 publicly listed Bitcoin mining companies

The Miner Mag reports that 16 listed Bitcoin mining companies now hold nearly 23% of the BTC production market share. In August, these companies produced 3,226 Bitcoins, equaling their combined output from May, June, and July.

Elon Musk may be summoned to testify before British Parliament as X platform confronts global legal challenges

Elon Musk may be summoned by the British Parliament to testify about his social media platform X. Labour MP Dawn Butler plans to invite him to a Science and Technology Select Committee hearing, addressing issues related to platform algorithms and content moderation.

Latvian Central Bank provides MiCA pre-licensing consultations to support local crypto asset service providers

As the EU's Crypto Asset Market Regulation (MiCA) takes effect, the Latvian Central Bank will start issuing licenses for crypto asset service providers (CASPs) in January 2025. To assist local companies, the bank is currently offering free pre-licensing consultations, helping them prepare for the new regulatory application process.

Tokyo Electric Power subsidiary utilizes excess solar energy for Bitcoin mining

Adaptive Energy X, a subsidiary of Tokyo Electric Power Company, is mining Bitcoin with surplus electricity from solar farms in Tochigi and Gunma prefectures. By positioning mining equipment near these farms, the company effectively uses renewable energy that would otherwise be wasted.

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