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 ...
The U.S. index opened higher and moved higher, with the Nasdaq Composite expanding its gains to 1%.
The U.S. index opened higher and moved higher, with the Nasdaq Composite expanding its gains to 1%.
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.
Jordan has announced plans to develop a comprehensive regulatory framework for virtual and digital assets within a year, aimed at aligning with global standards and promoting the development of its digital economy. The plan, which will be led by the Jordanian Securities Commission (JSC) and supported by the National Future Technology Committee, will focus on creating the necessary legal and technical infrastructure to oversee crypto trading platforms and virtual asset activities.
Hong Kong stocks opened, the Hang Seng Index rose 0.69%, the index rose 0.77%; Internet stocks rose, millet group (01810.HK) rose 2.02%, Baidu (09888.HK) rose 1.95%.
Accrue, a crypto investment and cross-border transfer platform, completed a $1.58 million seed round led by Lattice, with participation from Maven 11, LAVA, Kraynos Capital, and Distributed Capital Partners. Launched as a crypto investment platform in 2021, Accrue has since expanded into dollar-based virtual accounts and virtual cards to facilitate cross-border transfer or MPESA account remittances in the African market.
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.
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...
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...
Entendre Finance, a Web3 accounting solution, announced the completion of a $4 million seed round led by Basis Set, with Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine participating. Valuation information has not been disclosed. Entendre provides an artificial intelligence-powered automated double-entry accounting solution that records the entry of any blockchain transaction, accelerating Web3 adoption by automating on-chain financial operations and reducing operating costs.
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...