The post Dow Jones tags a record, then hides behind its dullest stocks appeared on BitcoinEthereumNews.com.
The Dow Jones Industrial Average spent Tuesday arriving late to a party the rest of the market had already begun to leave. The index tagged a fresh intraday record near 53,300 at the New York open around 13:30 GMT, then handed the gains straight back as a rotation out of artificial intelligence (AI) and semiconductor names swept the tape. By the close it had shed more than 500 points from that high, finishing near 52,850 and down about 0.35%, which on Tuesday counted as resilience. The awkward part is that the record barely outlasted the opening auction, and it survived at all only because of the same stodgy, tech-light makeup that has made the index this year’s laggard. The Nasdaq Composite lost more than 1% and the S&P 500 roughly half that, while the Dow’s heavier weighting in healthcare, financials and consumer staples did exactly what it is built to do when the fashionable t
The post Bank of England warns AI stock crash could push UK into recession appeared on BitcoinEthereumNews.com.
A collapse in AI share prices could remove a total of 2.2 percentage points from the UK’s economic output, the Bank of England said in its financial stability report on Tuesday. The BOE warned investors and lenders fully sized into tech exposure that the AI trade is ballooning. Governor of the Bank of England Andrew Bailey described the danger as a “triple whammy,” according to Politico. He stated that the issues come from bets on AI stocks that have grown too large, adoption of AI technology moving slower than promised, and no clarity yet on the companies that would actually survive as long-term winners. “The risk of a sharp correction in equity markets remains high,” he added. AI-related companies now account for half of the value of the US S&P 500, which is double the approximately one-quarter share they held in 2022, the Bank of England noted. Stock markets in Taiwan and
Japan's ambitious $2.3T growth plan could redefine its global tech standing, but fiscal sustainability and demographic challenges loom large.
The post Sanae Takaichi proposes $2.3T growth plan for Japan, betting big on AI and semiconductors appeared first on Crypto Briefing.
The case could redefine tech companies' responsibilities in monitoring and reporting threats, impacting AI, social media, and crypto sectors.
The post British Columbia explores legal action against OpenAI over ChatGPT threats before mass shooting appeared first on Crypto Briefing.
The post Digital Chamber Files Brief Over Dormant Satoshi Wallets appeared on BitcoinEthereumNews.com.
Noah Doe sued for title to 39,069 dormant Bitcoin wallets he found by algorithm. Digital Chamber says dormancy alone cannot prove abandonment under New York law. Noah Doe never held private keys, so cannot access or move funds from any wallet. The Digital Chamber, the United States’ oldest and largest digital asset trade association, has filed an amicus brief in the New York State Supreme Court opposing a lawsuit that seeks to claim ownership of tens of thousands of dormant Bitcoin wallets, some of which are believed to be linked to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. What the Lawsuit Claims A New York resident identified as Noah Doe developed an algorithm in 2024 to identify dormant Bitcoin wallets and ran it on his personal computer, identifying 42,001 wallet addresses that had seen no on-chain activity for at least five years. He copied those addresses onto USB drives
The post Tether Pours $20 Million Into Mercado Bitcoin for Latin American Blockchain Growth appeared on BitcoinEthereumNews.com.
Oliver Dale Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all.
His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@blockonomi.com Source: https://blockonomi.com/tether-pours-20-million-into-mercado-bitcoin-for-latin-american-blockchain-growth/
The post China May Be Following US Lead With Quiet Crackdown on AI Exports appeared on BitcoinEthereumNews.com.
In brief China’s Ministry of Commerce has held talks with Alibaba, ByteDance, and Z.ai about restricting overseas access to China’s most advanced AI models—including unreleased ones—per Reuters. The proposed framework: a tiered system from simple filing for basic tools to domestic-only restrictions on the most sensitive frontier models. If China restricts its own open-weight models, the alternative businesses reached for when the U.S. cut off Anthropic and gated GPT-5.6 in June disappears with them. The U.S. used its AI kill switch in June. China appears to be building one for July. Beijing has spent the past month in quiet talks with its biggest AI companies about restricting who gets to use them, according to Reuters. Chinese authorities held meetings with Alibaba, ByteDance, and startup Z.ai about potentially limiting overseas access to China’s most advanced AI models—incl
