FameEX Morning Crypto News Recap | April 19, 2024

Social Media Post by SEC Chair Gary Gensler Sparks Speculation About His Resignation

U.S. SEC Chair Gary Gensler’s social media post stating “it’s been an honor to serve” sparked rumors of his resignation among the crypto community. Gensler, known for his enforcement-focused regulation of the cryptocurrency industry, has faced criticism from various quarters, including lawmakers, for his approach. This has fueled ongoing debates about the direction of crypto regulation under his leadership.

Bitcoin Halving: Goldman Sachs Minimizes 'Buy the Rumor, Sell the News' Effect Impact

Goldman Sachs analysts suggest that the impact of the upcoming Bitcoin halving, potentially a "buy the rumor, sell the news" event, might be minimal on Bitcoin’s medium-term prospects. They emphasize that Bitcoin's price performance will likely continue to be influenced by supply-demand dynamics and the sustained demand for spot Bitcoin exchange-traded funds (ETFs).

World Gold Council Views Gold as Underowned, Predicts Ongoing Rally

The World Gold Council anticipates a continued rise in gold prices, driven by geopolitical uncertainties, consistent central bank purchases, and increased demand for coins and jewelry. They also predict that gold ETFs will boost future price increases due to the precious metal's current low ownership levels.

Meta Introduces Large Language Model, Competing with GPT and Claude

Meta announced its new AI, Llama-3, on April 18, claiming it as the "most capable" and "best open source model" to date. Analysts, who had eagerly awaited its release, noted that its preview versions exhibited superior reasoning and performance compared to its rivals, GPT from OpenAI and Google's Gemini, marking a significant advancement in the large language model arena.

Ex-Disney Chief Starts Web3 Game Publishing Company with Marvel and Star Wars Talent

A coalition of Hollywood and gaming veterans launched a AAA Web3 games publisher in the UAE. Their premiere game, PlanetQuest, has enrolled over 200,000 NFT holders. The creative team behind this initiative includes former employees from industry giants Disney, Warner Bros., Activision-Blizzard, and Epic.

Canada Set to Adopt International Cryptocurrency Tax Reporting Standards

Canada plans to implement the OECD's Crypto-Asset Reporting Framework (CARF) by 2026, a year ahead of the 2027 target agreed upon with 46 other countries. According to a supplement to the 2024 annual budget, this early adoption is part of Canada's initiative to align with international standards for cryptocurrency tax reporting, set to be observed globally by 47 countries by 2027.

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