FameEX Morning Crypto News Recap | February 5, 2024

Co-Founder of Soros Fund Asserts Bitcoin Does Not Endanger Governments

In a recent interview with Kitco News on January 31, Jim Rogers, the esteemed co-founder of Soros Fund Management, asserted that Bitcoin (BTC) represents no threat to governmental authorities. He characterized Bitcoin primarily as a means for trading, refuting the idea that it has the potential to disrupt or substitute traditional currencies and legal tender.

EU Nations Back Political Agreement to Move Forward with AI Law

The European Union has achieved a landmark in AI regulation, securing unanimous approval from all 27 member states for the final version of the AI Act. Thierry Breton, the EU’s Commissioner for Internal Market, celebrated this event as an unprecedented and historic regulatory success in AI, highlighting a crucial advancement in the EU's strategy for managing AI technologies.

AI Study Spotlights Potential Job Disruptions in the Entertainment Industry

A January 2024 CVL Economics survey involving 300 leaders from six entertainment sectors revealed that 75% observed job disruptions from generative AI, including job cuts, reductions, and mergers. The survey, conducted between November and December 2023, included responses from c-suite executives to mid-level managers, underscoring the profound employment shifts induced by AI technologies.

Trump Cautions That AI Poses a Significant Threat: 'It's Frightening'

In a recent Fox Business interview with Maria Bartiromo, Donald Trump, the former U.S. President and leading figure in the Republican party, voiced serious alarms over artificial intelligence (AI). He labeled AI as the utmost danger currently faced, emphasizing the absence of a viable solution to mitigate its risks, underlining his deep-seated worries about its effects.

Expected Absence of Cryptocurrency Ads at Super Bowl LVIII

As the Kansas City Chiefs face the San Francisco 49ers in Super Bowl LVIII on February 11, viewers are anticipated to encounter fewer cryptocurrency exchange ads, highlighting a significant change in the event's advertising trends. This development is poised to catch the attention of millions of American football enthusiasts tuning in for the annual sports spectacle.

DOJ Files Charges Against Two for Crypto Mining Operations in School District During US Energy Probe

The DOJ has charged two senior staff of Patterson Joint Unified School District for allegedly setting up a cryptocurrency mining operation within the premises of all 10 district schools. This illicit activity leveraged school resources, leading to a notable surge in the electricity costs for these educational institutions.

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