FameEX Morning Crypto News Recap | February 2, 2024

Worldwide Survey Reveals Confidence in Bitcoin: Respondents Predict BTC Price to Climb to $60K or More by 2024

An international poll involving close to 10,000 individuals from various regions, such as Western and Eastern Europe, Southeast Asia, East Asia, MENA, and Latin America, indicates a positive sentiment toward bitcoin. The majority of participants predict bitcoin's price will fall between $30,000 and $60,000 by its April 2024 halving event, while 30% believe it will exceed $60,000.

Volkswagen Initiates New AI Business for Prototype Vehicle Tech Development

Volkswagen introduced "AI Lab," a novel artificial intelligence entity dedicated to enhancing automotive technologies via digital prototyping and strategic collaborations across the technology sector. This move signifies Volkswagen Group's dedication to embedding AI in its vehicle design and manufacturing processes, aiming to spur innovation and forge strong alliances with key players in the technology landscape.

Salvadoran Leader's Bitcoin Policy Stays Steadfast Amid Electoral Season

As El Salvador heads into its general elections, Vice President Félix Ulloa guarantees the nation's unwavering dedication to Bitcoin, provided his party remains in power. During discussions for a $1.3 billion loan, the International Monetary Fund (IMF) has once more urged El Salvador to reassess its stance on Bitcoin, underscoring the global attention the country's groundbreaking cryptocurrency approach has attracted.

FCC Leader Recommends Prohibiting AI-Generated Robocalls

In a statement on January 31, FCC Chairwoman Jessica Rosenworcel suggested making AI-generated robocalls illegal under the Telephone Consumer Protection Act (TCPA). This proposal seeks to extend regulatory measures and penalties to these automated calls, ensuring they are subject to the same scrutiny and legal standards as other forms of unsolicited communication under current telecommunication regulations.

Core Scientific Reports Mining $812 Million in Bitcoin Throughout 2023

In 2023, Core Scientific emerged from Chapter 11 bankruptcy, filed in June, to reenter the Nasdaq on January 27. This event marked its transformation into the largest publicly traded cryptocurrency mining entity in North America, with a successful mining operation yielding 19,274 Bitcoin, equating to a value of $812 million.

Urgent Review Initiated for US Crypto Miners' Energy Consumption Amid Bitcoin Price Increase

The U.S. Department of Energy plans to monitor crypto miners' energy consumption for six months due to concerns over increased Bitcoin prices and mining activities. This effort, beginning next week, aims to collect detailed data on the energy use of U.S. crypto mining, amidst rising worries about its environmental impact.

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