FameEX Morning Crypto News Recap | April 19, 2023

ECB Chief Lagarde Sounds Alarm on Potential Catastrophe from US Debt Default
https://www.fameex.com/en-AU/news/crypto-trending-news-2023041901
While discussing the U.S. government's debt ceiling, European Central Bank (ECB) President, Christine Lagarde, voiced her confidence in the U.S. meeting its debt obligations. However, she also cautioned that defaulting would result in a "major disaster." As Congress deliberates on the matter, the possibility of the government defaulting on its debt ceiling remains a topic of ongoing discussion.

Senior Minister Anticipates Implementation of Cryptocurrency Regulation in the UK Within 12 Months
https://www.fameex.com/en-AU/news/crypto-trending-news-2023041902
The UK government plans to introduce regulations for digital assets within the next year to leverage the potential benefits of blockchain technology for the private sector and economy, as stated by a British lawmaker. The government is reportedly developing a regulatory framework that will balance the advantages of blockchain with the need to mitigate associated risks.

Cryptocurrency specialists prepare to inform US House Financial Services Committee on stablecoins
On April 19th, the US House of Representatives Committee on Financial Services will convene a hearing to address the regulation of stablecoins, subsequent to the unveiling of a proposed bill outlining a regulatory framework for stablecoins. Prior to the hearing, a number of the scheduled speakers have provided previews of their planned testimonies.

Intel Announces Discontinuation of Bitcoin Mining Chip Manufacturing
As per a recent report by Reuters, Intel has announced that it will discontinue taking orders for its Blockscale 1000 Series ASICs by October 20th, and will halt shipping by April 2024. The semiconductor chip manufacturer has decided to focus on manufacturing certain chips for external customers as part of its strategy to reduce overall costs.

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