FameEX Morning Crypto News Recap | November 2, 2023

MicroStrategy's Bitcoin Holdings Increase by $900 Million During BTC Price Surge

Pressure mounts on the U.S. securities regulator to greenlight the transformation of Celsius Network into a Bitcoin mining entity. The plan aims to provide compensation to customers of the defunct cryptocurrency lender through cryptocurrency assets and stock in a new publicly traded mining firm.

Judge Urges SEC Decision on Celsius Network's Transition to Cryptocurrency Mining

The U.S. securities regulator is under pressure to greenlight Celsius Network's transition into a Bitcoin mining enterprise. This proposal aims to provide compensation to customers of the defunct cryptocurrency lender by offering them cryptocurrency assets and ownership stakes in a newly publicly traded mining entity.

Visa Successfully Wraps Up Pilot Test of Digital Hong Kong Dollar with Local Banks

Visa has successfully wrapped up a pilot program for the Hong Kong Monetary Authority's central bank digital currency (CBDC) in collaboration with HSBC and Hang Seng Bank. This initiative involves deposit tokenization, wherein funds deposited in a bank are transformed into tokens on the bank's blockchain ledger, backed by its balance sheet.

The UK AI Safety Summit Begins with Global Leaders and Remarks from China and Musk

The UK AI Safety Summit, taking place from November 1-2, brings together international government officials and leading AI companies, with participation from the US and China. The event's opening day featured significant milestones, including a joint declaration, the US announcement of an AI safety institute, China's commitment to AI safety discussions, and insights from Elon Musk.

PayPal Obtains UK Crypto License After Brief Pause on Local Bitcoin Purchases

PayPal has secured regulatory clearance from the UK's Financial Conduct Authority (FCA) to offer various cryptocurrency services, encompassing activities such as crypto exchanges, participation in initial coin offerings, staking, peer-to-peer transactions, and decentralized finance operations. This authorization enables PayPal to maintain its cryptocurrency-related services within the UK market.

Canadian Member of Parliament Encourages Bitcoin Study, Citing Gary Gensler's Pre-SEC Position

Canadian Member of Parliament Joel Lightbound, who owns Bitcoin, has advocated for people to study and understand the cryptocurrency. While he refrained from endorsing its purchase, Lightbound highlighted Bitcoin's origins during financial crises and its role in empowering the underbanked and those in oppressive regimes.

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