FameEX Morning Crypto News Recap | February 8, 2024

SEC Postpones Verdict on Invesco and Galaxy Digital's Proposal for Spot Ether ETF

The SEC postponed its decision on the Invesco Galaxy ether ETF, extending the deadline possibly to July 2024. This move followed the SEC's solicitation of public comments on the proposal. The delay underscores regulatory caution in evaluating cryptocurrency-related financial instruments and indicates the importance of public feedback in shaping regulatory decisions within the evolving digital asset landscape.

Huawei Researchers Advocate Granting AI Physical Form as Next Evolution toward Human-Level Agents

Huawei researchers contend that imbuing AI with physical form will improve its comprehension of action, memory, and experience. They unveil a pre-print research on "embodied artificial intelligence" (E-AI) from Noah’s Ark Lab in Paris, asserting it as a pivotal advancement towards achieving artificial general intelligence (AGI), emphasizing the importance of this framework in AGI's pursuit.

BIS Calls for Regulation of the Metaverse to Prevent Corporate Dominance and Fragmentation

The Bank for International Settlements (BIS) asserts that regulated interoperable payment systems are vital to curb fragmentation and control by powerful entities in the metaverse. While the initial hype has faded, BIS emphasizes the importance of preventing domination by private interests, especially in healthcare, commerce, and education applications.

Ex-Google News Chief Foresees Chatty AI Models Like 'ChatGPT' Replacing Journalists

Jim Albrecht warns that large language models, like ChatGPT, pose an existential threat to journalists and the global news industry. He believes these models will revolutionize the news industry, akin to the impact of the World Wide Web in the early 2000s, reshaping how news is produced and distributed.

Expert Predicts ETH Could Reach $27,000 During Current Bull Cycle

Ethereum investor Ryan Berckmans forecasts ETH could hit $27,000 during the ongoing bull cycle, attributing the potential surge to reduced selling pressure from miners. This prediction hinges on several catalysts propelling Ethereum's price to unprecedented heights, marking a significant milestone in the cryptocurrency's trajectory.

American Crypto Miners Contest Energy Usage Survey by EIA

US cryptocurrency mining operators challenge the legality and intentions behind a mandatory energy usage survey, questioning its necessity and objectives by Energy Information Administration’s (EIA). Notable figures from the US-based cryptocurrency mining sector raise concerns over an emergency survey aimed at gathering data on energy consumption and sources, highlighting potential issues with the survey's implementation and purpose.

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