FameEX Afternoon Crypto News Recap | April 11, 2023

US Economy Forecasted to Enter Recession by Year-End Due to Fed Tightening, Says Strategist
https://www.fameex.com/en-US/news/crypto-trending-news-2023041103
MPS Capital Services has warned that the US economy will experience a recession by year-end due to the Federal Reserve's monetary tightening, says the firm's strategist. The strategist predicts the Federal Reserve will raise interest rates by an additional 25 basis points, which will weigh down the economy.

Revolutionizing Digital Creativity: The Intersection of NFTs and AI Technology
AI is transforming non-fungible tokens (NFTs) by creating infinite variations and combinations, enhancing their uniqueness, and enabling them to evolve over time. AI also helps to verify NFTs' authenticity, making them more attractive and valuable to collectors and fans across art, music, gaming, and sports industries.

Babylon Art Exhibition Draws Both NFT and Traditional Artists to New York
The Babylon x NYC exhibition, organized by the Web3 gallery Babylon, will feature over 100 artworks by 30 Founding Artists who have made a significant impact in the NFT art space. The exhibition will take place in New York City on April 12-13, 2023, and will showcase a mix of physical and digital artworks. The event is expected to draw attention from both NFT and traditional art communities.

Arkansas Passes Bill Regarding Bitcoin Mining Rights
Arkansas has approved the Bitcoin Mining Rights Bill (HB 1730), which establishes a legal structure for the possession and transfer of "virtual currency mining rights" within the state. The legislation provides legal safeguards for those engaged in cryptocurrency mining by setting out unambiguous directives for the acquisition and transfer of mining rights.

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