FameEX Morning Crypto News Recap | January 16, 2024

IMF Leader Recognizes Crypto as Valid Asset Class, Maintains Bitcoin Can't Supplant US Dollar's Leading Role

IMF leader Kristalina Georgieva views cryptocurrencies as an asset class, not as actual currency. She dismisses the prospect of bitcoin usurping the global dominance of the U.S. dollar, citing the substantial size and sophistication of the U.S. economy and its well-developed capital markets as key factors in maintaining the dollar's predominant position.

Bitcoin Technical Analysis: BTC Sees a Quiet Week Start Due to Closures in US Markets

Trading is anticipated to be muted on Monday in observance of Martin Luther King Jr. Day, causing closures of key U.S. markets including the bond market, Nasdaq, and NYSE. Concurrently, Bitcoin's intraday pricing has been volatile, with values oscillating between $41,746 and $43,005.

Cryptocurrency Rights Legislation Proposed in Indiana

Indiana is set to reinforce its residents' cryptocurrency rights, with a bill presented by Rep. Heath VanNatter in the Indiana General Assembly. This legislation is designed to prevent state government intervention in cryptocurrency activities, including self-custody, mining, and validation, signaling a major step towards enhancing cryptocurrency independence within the state.

Web3 Progress in Africa Slowed Down by Regulatory Obstacles

Cartesi's developer advocate, Jathin Jagannath, highlights regulatory ambiguities as a key barrier in Africa's Web3 sector. He emphasizes that the absence of definitive regulations for Web3 technologies causes apprehension among potential users and investors, which in turn impedes the development and wider acceptance of these technologies across the continent.

Microsoft Unveils Copilot Pro with Personalized GPTs and Seamless Office Integration

Microsoft launches Copilot Pro, a subscription service at $20, offering seamless integration with Office tools like Excel, PowerPoint, and Word. This service includes a unique interface that allows users to design and implement custom chatbot personas, thereby boosting interactivity and efficiency within the Office ecosystem.

Sony Develops AI Technology to Craft Fantasy NPC Personalities from Conversations

Sony's research team has innovated an AI system capable of converting dialogue snippets into fantasy "personas" for use in video games and various media as non-player characters. Their goal, as stated in their paper, is to enhance these personas, making them more lively and interesting compared to the conventional, lackluster character designs prevalent in the gaming and entertainment industries.

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