FameEX Morning Crypto News Recap | January 23, 2024

Senator Marco Rubio of the US Cautions Against BRICS Growth Undermining Western Sanctions' Impact

Florida Senator Marco Rubio has raised concerns about the growing influence of BRICS, an international economic group, in the global financial system. He warns that the expansion of BRICS could create a viable alternative to the current system, potentially enabling countries to move away from the U.S. dollar and undermine the effectiveness of unilateral sanctions.

Bitcoin Falls Under $40K After 48 Days, Leading to a Broad Decline in the Crypto Market

On Monday, January 22, 2024, Bitcoin's value dropped below $40K for the first time in 48 days, according to market data. This decline showed a 4% drop in the last 24 hours and a more significant 14.2% decrease over the past two weeks, indicating a notable downturn in Bitcoin's market performance.

Crypto-Friendly US Presidential Candidates Withdraw, Trump Firm on Blocking CBDC: Law Decoded

Vivek Ramaswamy and Ron DeSantis have withdrawn from the U.S. presidential race, as Donald Trump vows to "never allow" a Central Bank Digital Currency (CBDC) in the U.S. Trump, whose prospects of winning the Republican primaries are growing, has adopted a significant crypto-related stance from his former contenders.

The Breakthrough Moment for Quantum Computing Similar to ChatGPT May Be Imminent

Technology specialists from government, academia, and private industries are diligently preparing to protect global data against the looming risk of quantum decryption. Considered one of the most significant technological threats alongside AI-induced extinction, this challenge might also bring about potential benefits and advancements along the way.

MIT/IBM Research Shows Humans Remain More 'Economically Viable' as Workers Compared to AI

A recent review, although not exhaustive, suggests that the shift from human to AI workers may not happen as quickly as anticipated. Experts have long speculated about AI replacing human roles in the workforce, with some studies estimating that up to half of all jobs done by humans today could potentially be automated. However, this latest finding challenges the speed of such a transition.

Crypto Fund Withdrawals Hit $24.7 Million Amid GBTC Selling Affecting Bitcoin's Value

The "Digital Asset Fund Flows Weekly" report by CoinShares, released on January 22, reveals that institutional investors are decreasing their Bitcoin investments. The report indicates that Bitcoin-focused investment products experienced total outflows amounting to $24.7 million in the past week, suggesting a shift in investor sentiment towards Bitcoin.

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