Live streaming on TikTok temporarily halted in Indonesia
In the world of technology, events are unfolding at a rapid pace. Here's a roundup of some of the latest developments:
Stock Market Fluctuations
Amidst rising doubts over China's EV dominance, BYD's stock has lost a staggering $45 billion in value. Meanwhile, Nvidia's stock has taken a 3% hit following accusations of breaching China's anti-monopoly law.
Regulatory Pressures
The Indonesian government has been actively engaging with tech giants to ensure compliance with content moderation rules. TikTok, one of Indonesia's biggest markets with over 100 million registered accounts, has temporarily suspended its LIVE feature to protect users and prevent harm. The Indonesian Ministry of Communication and Digital Affairs (Komdigi) has summoned TikTok representatives, warning that failure to comply could lead to suspension or heavy fines. Similarly, Meta Platforms Inc. has been ordered to strengthen content moderation to combat harmful online material.
Cryptocurrency News
The cryptocurrency market has seen its fair share of events. Next Technology has filed for a $500M common stock offering to buy more Bitcoin. However, one user lost $1M USDC to a MEV bot after a mistaken transaction. Monero's double-spending threat has grown after a block reorganization.
On a positive note, Ripple has unveiled an interactive demo for its payments platform, and Santander's Openbank has rolled out Bitcoin, Ether, and more for European users. Pantera Capital has backed Solana with a $1.1B bet, eyeing a potential $750K Bitcoin price.
Notable Investments
Larry Ellison's portfolio includes OpenAI, Paramount, Warner Bros., and TikTok. Meanwhile, Solana creators have earned $19.3M from Pump.Fun streams.
Crypto Exchange Changes
The UAE M2 crypto exchange has dropped its business model, and Pi Network is preparing for its final Testnet1 upgrade ahead of the mainnet transition.
Protests and Controversies
Protests in unspecified countries were sparked by lawmakers' pay hike and the death of a motorbike taxi driver. The protests have led to nationwide anger, and TikTok's decision to suspend LIVE comes amidst these demonstrations.
New Developments
Finally, Ripple has unveiled an interactive demo for its payments platform, and Solana creators have earned $19.3M from Pump.Fun streams.
As always, the tech world continues to evolve, with new developments and challenges emerging daily. Stay tuned for more updates.
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