FameEX Morning Crypto News Recap | March 8, 2024

Federal Reserve Chairman Powell: A Central Bank Digital Currency Launch Still Far Off

Federal Reserve Chair Powell emphasized no central bank digital currency proposals or adoptions exist. He stressed significant progress is necessary before considering its launch, suggesting substantial groundwork is required for such a development.

New Anti-Money Laundering Guidelines for Digital Assets by the Nigerian Securities and Exchange Commission

The Nigerian Securities and Exchange Commission (SEC) has created a fresh anti-money laundering guideline for digital assets, targeting the licensing and scrutiny of virtual asset service providers (VASPs). It awaits final review by the head of the anti-money laundering committee and will undergo public comment before receiving ultimate approval.

Arkham Reports: On-Chain Analysis Shows Tesla Holds 11,509 Bitcoins and SpaceX Possesses 8,285 BTC

Arkham, a crypto analytics firm, alleges it uncovered the Bitcoin holdings of Elon Musk's companies, Tesla and SpaceX, through on-chain analysis. The firm asserts that the identified on-chain fund flows align with the financial statements of Tesla and SpaceX. Arkham claims to be the first to publicly disclose these holdings through blockchain analysis.

SEC Chairman Describes Bitcoin as a Highly Speculative Asset Class

In an interview, SEC Chairman Gary Gensler described Bitcoin as a highly speculative asset class, citing its recent volatility. He emphasized that investors must recognize the roller coaster nature of investing in BTC, akin to volatile assets, urging caution in light of its fluctuating value.

Second-Highest Historical Income Achieved by Bitcoin Miners in Single Day

On March 5, according to Glassnode, Bitcoin miners earned $75.951 million in a single day, marking the industry's second-highest daily income. The highest recorded income was $77.549 million on April 15, 2021, underscoring the considerable profitability of Bitcoin mining.

Author of 'Rich Dad Poor Dad' Forecasts Bitcoin to Reach $300,000 by End of 2024

Robert Kiyosaki, the financial expert behind the bestseller "Rich Dad Poor Dad," shared a positive forecast on social media, predicting that Bitcoin, the foremost cryptocurrency, could escalate to $300,000 by the close of 2024. His projection reflects confidence in Bitcoin's potential for substantial growth in the near future.

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