TikTok Inc. has set up a subsidiary in Zurich, Switzerland, following recent forays into Switzerland by tech companies such as OpenAI and Anthropic to tap local talent. The social media platform, owned by ByteDance, registered in the canton of Zurich last week, records show. The entity is a subsidiary of TikTok UK company and is managed by Thomas Wlazik, the company's general manager for Germany, Austria, Switzerland and Israel. TikTok will carry out activities related to marketing, advertising ...
After recent discussions with diversified investors across the U.S., analysts at research and brokerage firm Bernstein said that some groups recognize that "cryptocurrencies are back" and see a need for increased market activity. Bernstein analyst Gautam Chhugani wrote in a note to clients on Tuesday that the investor base in key business areas such as finance, payments, data centers, energy, growth, technology, and cryptocurrencies is well aware of the political shift taking place under the Tru...
Japanese listed company Metaplanet announced that it will issue new shares with a discount rate of 0% 21 million shares, raising about 116 billion yen (about 745 million US dollars) to further purchase bitcoin. This will be the largest bitcoin purchase in the history of Asian stock markets.
Nvidia said Monday that the progress of Chinese artificial intelligence company DeepSeek demonstrates the practicality of its chips in the Chinese market and that more chips will be needed in the future to meet demand for DeepSeek services.
Musk's social media platform X Corp. (formerly Twitter) has a stake of about $6 billion in Musk's xAI Corp.
Many netizens have just said that DeepSeek has collapsed. The actual measurement found that DeepSeek is currently unable to answer dialogue questions, prompting "The current operation cannot be completed for the time being. If you need help, please contact us", while the login interface prompts "Login failed". It is reported that DeepSeek has caused a market sensation recently, and European and American technology stocks are set to lose trillion dollars in market value. US stocks of giants such ...
Identity verification blockchain firm Humanity Protocol announced Monday that it has reached a fully diluted valuation of $1.10 billion after raising $20 million in a funding round co-led by Pantera Capital and Jump Crypto. The company is building a system that will use palm scans to verify that online accounts belong to real users. The company plans to use the funds to launch its product more widely in the coming months. Humanity Protocol is also about to launch its own crypto token, with its f...
Spanish law enforcement has teamed up with blockchain firms Tron, Tether and TRM Labs to freeze $26.40 million cryptocurrency linked to a pan-European money laundering operation. The operation is in partnership with the T3 Financial Crimes Unit, an anti-crime initiative launched by three blockchain companies in August 2024. The investigation relies on police surveillance to identify criminal organizations. Its crypto wallets are linked to illegal activities, using "KYC" data from service provide...
Germany's January IFO business climate index was 85.1, with expectations of 84.7, compared to the previous value of 84.7.
On January 27th, Austrian crypto unicorn Bitpanda received a MiCA license from the German Federal Financial Supervisory Authority (BaFin), becoming the second crypto asset service provider (CASP) to be granted this license. The license is effective immediately, allowing Bitpanda to operate in the 27 member states of the European Union. Bitpanda CEO Eric Demuth stressed that the European Union needs to learn from the US experience and strengthen MiCA regulatory enforcement to prevent non-complian...
On January 27th, Shanshan shares announced that the relevant creditors of Shanshan Group Co., Ltd. have submitted an application to the people's court for the reorganization of Shanshan Group. The relevant person in charge of Shanshan Group told reporters that the reorganization is an effective way to resolve risks in a market-oriented and rule-of-law manner. Shanshan Group is confident and determined to respond actively under the guidance and assistance of governments at all levels and Financia...
Class A shares of Yalian machinery joint stock company opened at 65 yuan, IPO price of 19.08 yuan.
Meta CEO Mark Zuckerberg said the company plans to invest $60 billion to $65 billion in capital expenditures in 2025 and significantly expand its artificial intelligence team.