Trump approved a deal to buy TikTok by Oracle

Corporations Oracle and Walmart can pay the Chinese ByteDance about $12 billion for the purchase of the American segment of the application TikTok, writes Bloomberg. Earlier, US President Donald Trump gave the go-ahead to acquire a social network - according to the head of the White House, such a deal would solve national security problems. The CIA believes that the application allows the PRC authorities to monitor users. Source: Wien News Agency. Reportedly, the deal will be financed by all available resources and will represent a year-on-year doubling of the e-commerce giant's revenue. Meanwhile, Bitdance is currently valued at $15.8 billion, while it was last valued at $2.4 billion. Both companies were started by the same person, Zhang Yiming, the 21-year-old co-founder of the Alibaba Group. In July 2016, he paid nearly $1 billion for Musical.ly, an American mobile social media app, aiming to break into the US market. Cryptocurrencies are heating up with ICOs. Which one will take off first - bitcoin or ethereum? And if bitcoin - which one is it for the long-term? Let's find out in our discussion and receive insights from our panelists at Cointelegraph! Watch the video now to see our experts' point of view on this topic. Founded in 2013, Cointelegraph is an independent news organization whose mission is to cover disruptive tech, social, and political events.

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