Month: January 2023

Tencent Pushes to Challenge TikTok via WeChat Channels

In addition to challenging TikTok, Tencent also connects its products with Channels to help creators to stream content. Chinese multinational and entertainment company Tencent Holdings is set to challenge ByteDance’s dominance with its own TikTok. A source revealed that Tencent had created a team of content creators to launch its own short video platform TikTok, which launched in the Chinese market in 2016 and has exploded to reach more global audiences over the years. Tencent Relies on WeChat to Develop Own TikTok China’s WeChat Channels hosted an online concert during…

Near Protocol (NEAR) Surges Over 22% In One Week, Will It Surpass $2?

NEAR is soaring on the price chart, with a 3.10% increase in the last 24 hours. Even with the bearish nature of the crypto market in 2022, the NEAR protocol started the year strong. The adverse events of 2022 pushed cryptocurrencies under the scrutiny of regulators. However, the market is slowly picking up pace this 2023. According to a Coin Guru tweet, NEAR is moving upwards, gaining 4.92% in 1 hour. NEAR is a cryptocurrency project designed to be community-based. It is a cloud-computing platform that enables faster transactions and…

More Than 65% of Oman’s Crypto Holders Are College Graduates — Study – Featured Bitcoin News

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Approximately 65,000 of Oman’s residents are holders of crypto and a majority of these are either high school or college graduates, a new study by Souq Analyst has found. According to the study’s findings, an overwhelming majority (90%) of Oman’s crypto holders are aged between 18 and 44. Crypto Awareness in Oman According to the findings of a new study by Souq Analyst, approximately 65,000 Oman residents, or 1.9% of the country’s adult population, own cryptocurrency. However, despite the seemingly low ratio of crypto holders relative to its population, the…

Citi Says Solana Blockchain Activity Remains High

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Crypto lender Nexo wants to sue Bulgaria after office raids

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Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government after massive raids at the company’s offices in Sofia. Nexo has complained about the actions of the law enforcement authorities in response to the investigation against the firm, the Bulgarian News Agency reported on Jan. 13. The company is reportedly preparing to file a lawsuit against the authorities to seek compensation for damages caused by the abrupt police interruption. One report suggested that investigators did not provide a search warrant for hours, while inspectors never identified themselves. Nexo believes the…

Forbes Gives Alchemy Pay Web3 Innovation Pioneer Award – Press release Bitcoin News

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press release PRESS RELEASE. Singapore, 12 January 2023: Fiat-crypto payment gateway Alchemy Pay and its co-founder and majority shareholder, Shawn Shi, have been officially recognised by Forbes with the Web3 Innovation Pioneer award on 11 January. The Singapore-based payment solutions provider has a major research and development hub across Asia that has pioneered new payment systems at the very edge of modern fintech – convenient payments that seamlessly enable the movement of funds between traditional fiat currency and cryptocurrency. After its establishment in 2018, Alchemy Pay became Southeast Asia’s number…

PayPal Xoom adds cross-border remittance on debit card deposit

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Financial technology firm PayPal’s international money transfer service called Xoom has announced a new product that lets users in the United States send money directly to Visa debit card users.  In a recent announcement, PayPal mentioned that Xoom partnered with financial services firm Visa to allow debit card holders to receive funds directly from Xoom. The feature is available in 25 countries including the Philippines, Sri Lanka, Thailand, Ukraine and Vietnam. Cast your vote now! With the newly-launched function, users can access the funds within minutes, eliminating the need to…

Judge Rules for FTX to Sell LedgerX, Other Units as Hundreds of Buyers Express Their Interest

Interested buyers may officially begin to indicate their interests between January 18 and February 1. Bankruptcy judge John Dorsey has cleared FTX to sell four of its key units in its bid to raise funds to repay creditors. This means that the collapsed exchange may now sell off its FTX Europe, FTX Japan, its derivatives arm LedgerX and Embed – its stock-clearing platform. The sell-offs will be overseen by investment bank Perella Weinberg. Judge Dorsey issued the order on Thursday following a Wednesday hearing. Per the order, sales notices will…

Wyre Removes Withdrawal Cap after Funding from Partner

Wyre has assured the crypto community that it is ready to resume regular operations. Crypto payment platform Wyre has removed its withdrawal cap after securing additional funding from a strategic partner. Recall that a few days ago, Wyre imposed a 90% withdrawal limit on its users. The company also laid off 75 employees and announced changes to its managerial structure. Emerging reports suggested that the crypto winter was giving the company a tough time and its collapse was imminent. The company also cited market conditions as its reason when it…