Tag: Panic

AI music sending traditional industry into ‘panic,’ says new AI music platform CEO

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Artificial intelligence (AI) has been making waves in various industries across the globe. However, the conflict between its usefulness and its ability to infringe on intellectual property (IP) has been a particular struggle in the creative industries. Major players in the music industry, from artists and record labels to institutions like the Grammys and YouTube, have all had to factor in AI in some form. As traditional spaces in the music industry deal with technology, new platforms are popping up that embrace the technology from the start are popping up.…

BNB Beacon Chain hard fork adds ‘panic’ feature that can ‘halt’ blockchain

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The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met. In a July 12 statement from BNB Chain, the “ZhangHeng” upgrade is expected to take place at block height 328,088,888, which it expects will occur on July 19. Important information about our latest upgrade ⤵️https://t.co/4sJkTJbGeZ — BNB Chain (@BNBCHAIN) July 12, 2023 The hard fork will introduce Binance Evolution Proposal BEP-255, which seeks…

What asset freeze? Binance BTC outflows muted as users shun panic selling

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Bitcoin (BTC) hitting three-month lows did not spur hodlers to panic sell, on-chain data shows. According to analytics firm Glassnode, BTC investors have largely ignored the latest crypto exchange legal battles. On-chain losses “remain quiet” BTC/USD dipped to just $25,350 on June 6, its lowest since mid-March — but it seems existing holders simply do not care. The latest data covering on-chain transactions shows that in the midst of reactions to the Binance and Coinbase lawsuits, few were in “panic sell” mode. A chart uploaded to Twitter by Glassnode showed…

JPMorgan CEO Jamie Dimon in Favor of Abolishing Debt Limit; States Getting Close to Default Can Cause Panic – Economics Bitcoin News

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Jamie Dimon, CEO of JPMorgan, stated that he favored abolishing the debt limit, giving the government the faculties to extend its debt without congressional action. Dimon also stated that even the drama surrounding the build-up to extending or not extending the debt limit could cause panic, as the U.S. economy is foundational for the world. JP Morgan’s Jamie Dimon Favors an Unlimited Debt Ceiling Jamie Dimon, CEO of JPMorgan, one of the largest banks in the world, has given his opinion when it comes to the issue of the congressional…

Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M

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Bitcoin (BTC) returned to a familiar range on April 27 as panic over alleged Mt. Gox and United States government transactions faded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Rough” price action keeps Bitcoin traders cautious Data from Cointelegraph Markets Pro and TradingView showed BTC/USD traded near $29,000 on Bitstamp, up nearly $2,000 from the prior day’s low. Snap volatility had kicked in following the Wall Street open as bulls’ trip to $30,000 was rudely interrupted by fears that BTC from wallets controlled by the U.S. government and entities related…

Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming – Economics Bitcoin News

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Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made this past weekend,” the famous investor pointed out. Michael Burry on Bank Failures, Panic of 1907, Markets Bottoming Famous investor and founder of investment firm Scion Asset Management, Michael Burry, has compared the current financial turmoil, following the collapse of multiple…

Panic Mustn’t Be Allowed to Spread After SVB Collapse: EU Lawmaker

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Panic Grips SOL With Record Volatility and Massive Put Demand

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