The TikTok app logo is seen in this illustration taken August 22, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights JAKARTA, Nov 29 (Reuters) – Short video app TikTok is in the process of obtaining an e-commerce permit from Indonesia’s government, state news agency Antara reported, citing the deputy trade minister. In September, Indonesia banned e-commerce…
Binance, touted as the world’s largest crypto exchange, is undergoing a turmoil post the exit of its founder and former CEO Changpeng Zhao last week. Richard Teng, the former global head of regional markets at Binance has been designated as the company’s new CEO. In an address to the Binance community, Teng published an official…
BEIJING, Nov 29 (Reuters) – China’s Didi Global on Wednesday offered millions of its customers coupons worth 10 yuan ($1.40) as part of an apology for a glitch that hit its ride-hailing app this week. In a pop-up on the app, the company also said it would compensate users who had overpaid for rides. On…
Bitcoin on Wednesday, November 29 reflected profits after two days of reeling under small losses. The price point of BTC, at the time of writing, stands at $37,935 (roughly Rs. 31.6 lakh) after recording a profit of 2.06 percent. In the last 24 hours, the value of Bitcoin rose significantly by $901 (roughly Rs. 75,068)….
MUMBAI, Nov 29 (Reuters) – Tech investor Prosus NV (PRX.AS) said on Wednesday it was valuing Indian education firm Byju’s at under $3 billion, 86% less than its peak valuation of $22 billion last year, after the company struggled with governance and cash-flow problems. The disclosure, made by interim CEO Ervin Tu during Prosus earnings…
Magic Eden, which is an online marketplace for NFT sales, is adding more functionalities and capabilities to its platform to attempt to revive people’s interest in digital collectibles after a visible sector slowdown. The platform has now decided to launch a crypto wallet browser extension, that will be compatible with multiple blockchains. The aim of…
[1/2]The logo of U.S. online retailer Amazon is displayed at a logistics centre in Trapagaran, northern Spain, November 22, 2023. REUTERS/Vincent West/File Photo Acquire Licensing Rights Nov 28 (Reuters) – Amazon (AMZN.O) is trying to lure big corporate customers to it AWS cloud computing service with a new chatbot for businesses, and by offering to…
Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights MANILA, Nov 29 (Reuters) – The Philippines’ Securities and Exchange Commission has begun the process of blocking access to the world’s largest crypto exchange Binance, whose chief last…
Bitcoin on Tuesday, November 14 stepped into the trading arena with a minor loss of 1.25 percent. This dip, however, did not have a big effect on the price point that Bitcoin has been sitting at for a while now. At the time of writing, the most expensive crypto asset was trading at $36,456 (roughly…
TOKYO, Nov 29 (Reuters) – (This story has been corrected to say that the latest rate of quarterly subscriber growth would help Rakuten reach the lower-end of its target in 2025, not 2026; and also to say much of its upcoming bond redemptions, not the bulk of its bond redemptions, in paragraph 15) When Japan’s…
Elon Musk’s new project called ‘Grok’, that is essentially an AI chatbot service with a more humorous and uncensored approach as compared to other chatbots, has begun rolling out. As excitement about Grok bubbled up on social media, a memecoin project of the same name made a splash into the digital assets market. With a…
Disney has teamed up with Web3 gaming studio Dapper Labs to launch an app for fans to gather digital collectibles. The ‘Disney Pinnacle’ app is aimed at letting Disney fans digitise pin collections. Small and portable, Disney pins come in a variety of designs and represent popular Disney characters, movies, and theme park attractions. The…