FameEX Morning Crypto News Recap | March 8, 2024

Federal Reserve Chair Powell: Launch of Central Bank Digital Currency Remains Distant

Federal Reserve Chair Powell underscored the absence of any proposals or adoptions regarding central bank digital currency. He emphasized the need for considerable progress before contemplating its launch, indicating that substantial groundwork is essential for such a significant development to occur in the financial landscape.

The Nigerian Securities and Exchange Commission Introduces Fresh Anti-Money Laundering Guidelines for Digital Assets

The Nigerian Securities and Exchange Commission (SEC) introduces a new anti-money laundering guideline for digital assets, focusing on licensing and scrutinizing virtual asset service providers (VASPs). Pending final review by the head of the anti-money laundering committee, it will undergo public comment before obtaining ultimate approval.

Arkham's Findings: Tesla Holds 11,509 Bitcoins, SpaceX Possesses 8,285 BTC, On-Chain Analysis Reveals

According to Arkham, a crypto analytics firm, it has revealed the Bitcoin holdings of Elon Musk's firms, Tesla and SpaceX, via on-chain analysis. The firm maintains that the detected on-chain fund flows correlate with the financial records of Tesla and SpaceX. Arkham asserts it's the pioneer in publicly disclosing these holdings through blockchain analysis.

SEC Chairman Labels Bitcoin as Highly Speculative Asset Class

SEC Chairman Gary Gensler, in an interview, characterized Bitcoin as a highly speculative asset class due to its recent volatility. He stressed the importance of investors acknowledging the roller coaster-like nature of BTC investments, cautioning against its fluctuating value and advocating for prudence.

Bitcoin Miners Attain Second-Highest Daily Income in History

On March 5, Glassnode data revealed Bitcoin miners' daily income reached $75.951 million, marking the second highest earnings in history. The record high was on April 15, 2021, with miner income at $77.549 million, showcasing significant profitability in the Bitcoin mining sector.

'Rich Dad Poor Dad' Writer Predicts Bitcoin's Surge to $300,000 by 2024's Close

Robert Kiyosaki, celebrated for his financial insights in "Rich Dad Poor Dad," recently expressed an upbeat prediction on social media. He anticipates Bitcoin, the premier digital currency, might soar to $300,000 by the end of 2024. This forecast demonstrates his strong conviction in Bitcoin's imminent and considerable growth, underscoring its potential as a lucrative investment.

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