FameEX Morning Crypto News Recap | January 26, 2024

Tesla Holds Steady on Bitcoin Investments — Balance Sheet Reflects $184M in Digital Assets

Tesla, led by Elon Musk, has kept its Bitcoin investments steady. The electric vehicle giant's Q4 2023 financials reveal net digital assets totaling $184 million. Musk, with a long-term vision for Tesla's value, also recently revealed that SpaceX, another of his ventures, holds a significant amount of Bitcoin.

Swiss Authority Approves Retail Trading of Tokenized Securities and Digital Assets

The Swiss financial markets authority, FINMA, has authorized Taurus, a digital asset infrastructure company, to enable retail users to open accounts and trade in digital assets and tokenized securities. Alongside this approval, Taurus announced plans to introduce new tokenized assets from Swiss firms that have chosen TDX, Taurus's digital exchange, as their preferred trading platform.

Swan Bitcoin Launches Covert Mining Operations, Aiming for 8 EH/s Capacity by 2024 as Industry Grows

Swan Bitcoin, based in Los Angeles, has disclosed its secretive bitcoin mining operations that began in the summer of 2023. The firm aims to reach a mining capacity of 8 exahash per second (EH/s) by March 2024. As of now, the mining subsidiary of Swan has effectively mined 750 bitcoins.

Large-Scale Digital Yuan Pilot Programs Scheduled in Shanghai Development Project

Shanghai's Pudong New Area modernization incorporates multiple pilot projects for the digital yuan, China's experimental CBDC. The initiative aims to integrate digital renminbi in trade settlement, e-commerce, carbon and green power trading, among others, while also focusing on expanding and standardizing its use in fiscal transactions.

Meta Granted 35-Year Exemption from Sales Tax for $800M Data Center Construction in Indiana

Meta has reached an agreement with Indiana to construct its latest data center, a 700,000-square-foot facility valued at $800 million, located in Jefferson, about 825 miles from Indiana's capital. This partnership, involving the tech giant's substantial investment, was jointly announced by Meta and Indiana Governor Eric J. Holcomb on January 25.

Bank of England Clarifies 'No Final Verdict Yet' on Digital Pound Introduction

The Bank of England (BoE) and HM Treasury in the UK, responding to a February 2023 consultation on a central bank digital currency (CBDC), emphasized their focus on "privacy and control." In a January 25 announcement, the BoE indicated that while "no final decision has been made" on launching a digital pound, they will persist in assessing the feasibility and potential designs of a CBDC.

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