Competition for TikTok Sale Intensifies!

Zoop, a social media app developed by OnlyFans founder Tim Stokely, and HBAR Foundation filed an intent to bid for TikTok on April 2, according to a Reuters report. The bid comes amid offers from major tech companies such as Amazon, Oracle, Microsoft, and Rumble, all aiming to keep the popular video-sharing app operational for US users.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Zoop co-founder RJ Phillips reportedly said:

“Our bid for TikTok isn’t just about changing ownership; it’s about creating a new paradigm where both creators and their communities benefit directly from the value they generate.”

April 5: Deadline for TikTok’s Future

In 2024, US Congress passed a law that could potentially ban TikTok unless the company separates from its China-based parent company, ByteDance. The original deadline for the sale was January 19, but former President Donald Trump signed a 75-day extension, pushing the deadline to April 5.

HBAR Foundation, an organization working with Hedera, has a market capitalization exceeding $7.3 billion.

TikTok Sale or Ban Expected Soon

The future of TikTok remains uncertain. President Trump could extend the sale deadline further or move forward with a ban. However, only an act of Congress could override this law. The announcement of sweeping tariffs by Trump on April 4 could also shake the markets.

Reddit co-founder Alexis Ohanian is also attempting to buy TikTok and bring it on-chain. He is one of the significant figures looking to invest in the platform’s future.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Big Move From HBAR Foundation and OnlyFans Founder! appeared first on Coin Engineer.

According to the AFP news agency, Durov left France for Dubai on the morning of March 15 after obtaining permission from French authorities to exit the European country.

“Standing with Pavel Durov”

TON Society stated, “We have stood by Pavel since his arrest on August 24, 2024.” The statement continued:

“Pavel’s unwavering commitment to free speech and transparency, even under the most challenging circumstances, is a powerful reminder of the importance of standing by your principles, even when it is politically and personally costly.”

French Government Condemned!

Previously, TON Society had strongly criticized the French government’s decision to detain Durov, urging his immediate release as the founder of Telegram.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

In a letter dated August 27, they wrote:

“The arrest of Telegram founder Pavel Durov is a direct attack on a fundamental human right — the freedom of expression for all.”

The organization also called on international bodies such as the United Nations (UN), the Council of Europe (CoE), the Organization for Security and Cooperation in Europe (OSCE), and the European Union (EU) to intervene and demand Durov’s release.

Macron Denies Political Motives Behind Durov’s Arrest

Following Durov’s arrest by French law enforcement, French President Emmanuel Macron denied that the move was politically motivated. Macron insisted France remains committed to free speech, although his remarks were met with skepticism from both the crypto industry and free speech advocates.

In a subsequent press conference, Macron also denied inviting Durov to France, despite widespread backlash from the crypto community.

Meanwhile, Chris Pavlovski, CEO of the free speech video platform Rumble, confirmed that he safely left Europe shortly after Durov‘s detention. In an August 25 post on X, Pavlovski stated that the French government had also threatened Rumble and condemned authorities for cracking down on free speech.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post TON Society Celebrates Pavel Durov’s Victory! appeared first on Coin Engineer.

What is Rumble?

Founded in 2013 by Chris Pavlovski, Rumble is a growing video-sharing platform positioned as an alternative to YouTube. It aims to provide content creators with more freedom and earning opportunities.

Tether and Rumble Collaboration

In a December 20 X post, Tether CEO Paolo Ardoino emphasized the company’s belief in freedom of expression and financial independence. Ardoino stated:

“Tether deeply believes in the values of freedom, and our strategic investment in Rumble underscores our mission to support companies that empower technology and people.”

Rumble is known for its anti-censorship stance and stands out as a video-sharing network alternative to YouTube. This collaboration includes plans to develop joint solutions in advertising, cloud technologies, and cryptocurrency payments.

Ambitious Goals from Rumble’s CEO Pavlovski

On the same day, Rumble CEO Chris Pavlovski expressed his intention to challenge YouTube’s global market dominance:

“Watch out, YouTube. I’m coming to challenge your monopolistic global market share.”

Following this announcement, Rumble’s (RUM) stock price surged by 51.60%, reaching $10.90 within hours.

Plans to Add Bitcoin to the Balance Sheet

Rumble’s board approved a strategy to allocate part of its excess cash reserves to Bitcoin, targeting a total investment of up to $20 million.

This decision came after Pavlovski conducted a poll on social media on November 19, where 93.9% of the 43,790 participants supported adding Bitcoin to Rumble’s balance sheet.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Tether and Rumble Partnership: $775M Strategic Investment! appeared first on Coin Engineer.