FameEX Morning Crypto News Recap | September 5, 2023

BRICS Expansion Unlikely to Jeopardize US Dollar's Global Reserve Status, According to BNY Mellon
BNY Mellon's analysis suggests that the expansion of the BRICS alliance won't undermine the US dollar's global reserve currency status. The investment bank's analyst highlights the pivotal role of technology, predicting it to be the primary factor shaping the dollar's role in the next decade.

Following Peak Usage, Lightning Network Capacity Shrinks by 14%
Since July 9, 2023, there has been a more than 14% decrease in the Lightning Network's capacity, gauged by total open channel value. Following a high point of 5,468 BTC, about 786 BTC (equivalent to $20.32 million) has been taken out of the secondary network, implying reduced overall activity and liquidity.

Victor in Singaporean Presidential Election Previously Cautioned About Cryptocurrency's 'High-Risk' Nature While Serving as MAS Chair
Tharman Shanmugaratnam triumphed on September 2, clinching victory in Singapore's presidential contest against Ng Kok Song and Tan Kin Lian. Scheduled to take office on September 14, he brings prior experience as Singapore's finance minister and head of the financial regulatory body.

Harvard Legal Scholar Warns: Ignoring Metaverse Taxation Might Lead to Tax Haven Formation
Harvard scholar Christine Kim urges swift taxation of metaverse earnings and assets, suggesting the metaverse as a testing arena for groundbreaking policies. Supported by her role as a Yeshiva University law professor, Kim's recent research paper delves into these perspectives.

UK Reveals Core Goals for Global AI Summit
On September 4, the UK unveiled five objectives for the imminent global AI safety summit, highlighting risk mitigation and favorable AI policies. Scheduled for November 1-2, the summit aims to bring together worldwide thought leaders—academics, politicians, and tech leaders—to collaboratively shape regulations and insights for AI advancement.

Nigeria Takes First Place in Global Survey Measuring Crypto Awareness
Nigeria takes the lead in cryptocurrency awareness, according to a ConsenSys and YouGov survey. Covering 15 nations and 15,158 participants aged 18 to 65, the study evaluated cryptocurrency and Web3 ecosystem perceptions, with Nigeria's strong awareness highlighting global insights into crypto understanding.

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