FameEX Morning Crypto News Recap | September 5, 2023

BNY Mellon: BRICS Expansion Unlikely to Threaten US Dollar's Global Reserve Status
BNY Mellon analysis indicates BRICS alliance growth won't diminish US dollar's global reserve currency position. The investment bank's analyst emphasizes technology's significance, foreseeing it as the key factor shaping the dollar's role in the coming decade.

Lightning Network Capacity Drops by 14% Following Peak Usage
Since July 9, 2023, data shows a decline of over 14% in Lightning Network's capacity, measured by the total value of open channels. After reaching a peak of 5,468 BTC, approximately 786 BTC worth $20.32 million has been withdrawn from the secondary network, indicating a reduction in its overall activity and liquidity.

Winner of Singapore's Presidential Race Previously Warned of 'High Risk' Associated with Cryptocurrency, During Their Tenure as MAS Chair
Tharman Shanmugaratnam emerged victorious on September 2, winning the Singaporean presidential race against Ng Kok Song and Tan Kin Lian. He is set to assume office on September 14, having previously held roles such as Singapore's finance minister and head of the financial regulator.

Neglecting Metaverse Taxation Could Result in Formation of a Tax Haven, Warns Legal Scholar from Harvard
Christine Kim, a Harvard scholar, advocates for prompt taxation of metaverse income and wealth. She emphasizes treating the metaverse as an experimental ground for innovative policies in a recent research paper, supported by her position as a Yeshiva University law professor.

Key Ambitions for Global AI Summit Unveiled by the UK
The UK outlined its five goals for the upcoming global AI safety summit on September 4, emphasizing risk management and supportive policies for AI. Set for November 1-2, the event aims to unite global thought leaders, including academics, politicians, and tech giants, to establish shared regulations and insights for the technology's development.

Nigeria Secures Leading Position in Worldwide Survey on Crypto Awareness
ConsenSys and YouGov's global survey highlights Nigeria as the leader in cryptocurrency awareness. With 15,158 participants aged 18 to 65 across 15 nations, the survey aimed to assess perceptions of cryptocurrencies and the wider Web3 ecosystem. Nigeria's high awareness underscores the survey's insights into global crypto understanding.

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