Crypto Daily Roundup, 8 Feb: Crypto Bulls Make a Comeback

Crypto prices have risen during the last 24 hours.

Top 5 Gainers Coins

Crypto News Key Highlights

• Rising Deepfake threats target crypto leaders like Vitalik Buterin, spreading misinformation through manipulated videos. Incidents raise alarms on potential fraud and underscore the need for heightened security measures. Users must stay vigilant against evolving cyber risks to safeguard investments.

• US lawmakers and Treasury Secretary Janet Yellen are discussing crypto regulation to balance innovation and protection. They aim to clarify rules for investor safety and market stability, emphasizing collaboration among regulatory agencies to foster innovation and trust in the crypto market.

• Former Google News Senior Director Jim Albrecht predicts AI models like ChatGPT could revolutionize news akin to the internet's impact. Despite concerns, advanced versions like ChatGPT 4 persist, sparking calls for regulation while uncertainties surround their reliability and ethical implications.

• On February 7, spot Bitcoin ETFs hit a milestone, surpassing $1 billion in daily trading volume. BlackRock's IBIT Bitcoin ETF led with $341.2 million, followed by Grayscale Bitcoin Trust and Fidelity's FBTC fund. Despite achievements, Bloomberg analyst James Seyffart tempered excitement, noting it lagged initial Bitcoin ETF trading.

• The US Treasury Department's report emphasizes cash as the preferred method for money laundering, citing its anonymity and stability. While cryptocurrencies play a role, they're overshadowed by cash, with DeFi and crypto exchanges noted for compliance shortcomings.

• Robert Kiyosaki warns against relying on a soft landing for the US or global economy, advising investment in gold, silver, and Bitcoin amid fears of a banking crisis. Meanwhile, RBI Governor Shaktikanta Das highlights challenges from China, Europe, and the US, echoing concerns of an impending economic downturn.

• Binance introduces PIXEL, a web3 game on Ronin Network, expanding its crypto offerings. The PIXEL Launchpool enables users to stake BNB and FDUSD, earning PIXEL tokens. Launching on February 9, 2024, participants engage in farming activities, adhering to KYC verification for compliance. PIXEL tokens facilitate in-game transactions and rewards.

• Former ZebPay CEO Avinash Shekhar and WazirX co-founder Nischal Shetty launched Pi42, an INR-based crypto futures exchange in India. Offering competitive fees and tax benefits, it aims to attract Indian investors amid regulatory concerns, targeting 30 million users in the coming years.

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