Business
Trump: ‘Made in USA’ Bitcoin”
In a bid to court the crypto industry and its supporters, former President Donald Trump has declared his desire for all remaining Bitcoin to be mined within the United States, positioning the cryptocurrency as a defense against a potential central bank digital currency.
Meta description: Former President Donald Trump doubles down on his pro-crypto stance, calling for all remaining Bitcoin mining to occur in the US as he seeks to woo the industry’s voters ahead of the 2024 election.
Donald Trump, the presumptive 2024 Republican nominee, took his embrace of the cryptocurrency industry a step further on Wednesday, stating on Truth Social: “WE WANT ALL THE REMAINING BITCOIN TO BE MADE IN THE USA!!!!” He framed Bitcoin mining as a means for the US to achieve “energy dominance” and a “last line of defense” against a central bank digital currency (CBDC) from the Federal Reserve.
Trump’s latest pro-crypto remarks come after he hosted a meeting with several Bitcoin mining executives at his Mar-a-Lago resort, including representatives from Riot Platforms, CleanSpark, and TeraWulf. The attendees discussed how Bitcoin mining could strengthen the electrical grid and create jobs, with Trump reportedly promising to support the sector if elected.
The former president’s stance marks a stark contrast with President Joe Biden’s administration, which has proposed a 30% electricity tax on Bitcoin miners and faced mounting pressure over the industry’s emissions and energy consumption. Trump has accused Biden of having a “hatred of Bitcoin” and suggested embracing crypto could benefit the US against its adversaries, though the rationale behind these claims remains unclear.
While Trump previously dismissed cryptocurrencies as a “scam,” he has since reversed course, accepting crypto campaign donations, selling digital trading cards, and revealing millions in digital assets. His latest remarks solidify his pro-crypto positioning as he seeks to attract the growing base of cryptocurrency supporters, estimated at over 50 million Americans.
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Business
When TikTok and CapCut Vanished from America
In a shocking turn of events, TikTok and CapCut, two of America’s most popular social media and video editing apps, vanished from U.S. app stores and became inaccessible to users on Saturday evening, January 18, 2025. This unprecedented digital blackout affected approximately 170 million American users, leaving them stunned and searching for alternatives.
The Sudden Shutdown
As the clock struck 10:50 PM Eastern Time on Saturday, both TikTok and CapCut disappeared from Apple and Google app stores. Users attempting to access the apps were greeted with a stark message: “Sorry, TikTok isn’t available now. A law banning TikTok has been enacted in the U.S. Unfortunately, that means you can’t use TikTok for now”.
The ban wasn’t limited to just TikTok and CapCut. Other ByteDance-owned apps, including Lemon8, Hypic, and Gauth, also became unavailable to U.S. users. This sweeping action effectively cut off access to a suite of popular digital tools that millions had come to rely on for entertainment, content creation, and even business purposes.
The Legal Battle
The shutdown came after a tumultuous legal battle that culminated in a Supreme Court decision upholding a federal law requiring ByteDance, the Chinese parent company of TikTok and CapCut, to either sell its U.S. operations or face a ban. The legislation, passed in April 2024, cited national security concerns related to data privacy and potential foreign influence.
Impact on Users and Creators
The sudden disappearance of TikTok and CapCut has left content creators and everyday users in a state of digital limbo. Many relied on these platforms not just for entertainment, but as essential tools for their livelihoods and creative expression. The ban has disrupted a thriving ecosystem of digital content creation, leaving millions to scramble for alternative platforms and editing tools.
Political Implications and Future Uncertainties
As the dust settles, all eyes are on the incoming administration. President-elect Donald Trump, set to take office on January 20, has hinted at a potential 90-day extension for ByteDance to sell TikTok. This development has injected a new layer of uncertainty into an already complex situation.
What’s Next?
While the apps remain inaccessible, ByteDance and TikTok officials continue to work towards a resolution. TikTok’s message to users ends on a hopeful note, stating, “We are fortunate that President Trump has indicated that he will work with us on a solution to reinstate TikTok once he takes office. Please stay tuned”.
As America grapples with this digital void, questions about data privacy, national security, and the future of social media regulation loom large. The TikTok and CapCut ban marks a significant moment in the ongoing debate over the influence of foreign-owned technology companies in the United States, with far-reaching implications for users, creators, and the tech industry as a whole.
Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life.
Business
TikTok Ban Drives 216% Rise in U.S. Users Learning Chinese on Duolingo
Duolingo has reported a remarkable 216% increase in U.S. users learning Mandarin Chinese, coinciding with the impending ban on TikTok, set to take effect on January 19, 2025. This surge is attributed to many TikTok users migrating to a new Chinese social media platform called RedNote (also known as Xiaohongshu), which defaults to Mandarin as its primary language. As TikTok users seek alternatives amidst concerns over data privacy and app availability, they are turning to RedNote, prompting a cultural exchange that has driven interest in learning Chinese.
The spike in Mandarin learners began around mid-January, aligning with the growing popularity of RedNote among former TikTok users. Duolingo’s marketing team has actively engaged with this trend on social media, humorously acknowledging the phenomenon with posts like “Learning Mandarin out of spite? You’re not alone”.
Additionally, Duolingo has seen a 36% increase in downloads in the U.S., reflecting heightened consumer demand for language learning resources as users adapt to the new social media landscape.
The transition from TikTok to RedNote has not been without challenges, as some users have encountered technical issues during registration and account suspensions.
Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life.
Business
TikTok’s Final Countdown: The Sunday Shutdown
As the clock ticks down to January 19, 2025, TikTok users in the United States are bracing for a significant disruption. The app, which boasts approximately 170 million users in the country, faces a potential ban that could render it non-functional by this Sunday. Here’s what you need to know about the impending ban and its implications.
Key Details of the Ban
The anticipated ban comes amid ongoing national security concerns regarding TikTok’s Chinese ownership. Government officials have raised alarms about the possibility of sensitive user data being accessed by Chinese authorities. As a result, the app is expected to be removed from digital app stores, effectively cutting off new downloads and updates.
What Will Happen?
- Removal from App Stores: On January 19, TikTok will likely be taken down from platforms like the Apple App Store and Google Play Store.
- Existing Users Affected: Current users may find that their app becomes non-functional, losing access to new content creation and updates.
- Data Preservation Challenges: Users may face difficulties in preserving their data and content as the deadline approaches.
Recommendations for Users
In light of the impending ban, TikTok users should take proactive steps to safeguard their content and data:
- Download Personal Data: Users can access their TikTok settings to download their data before it’s too late.
- Export Saved Videos: Save any cherished videos or content that you wish to keep.
- Backup Content: Consider backing up your videos on alternative platforms.
- Explore Alternatives: As TikTok faces its potential shutdown, consider migrating to other platforms such as:
- Instagram Reels
- YouTube Shorts
- Lemon8
- Triller
Potential Scenarios
While the ban is set for this Sunday, there are several scenarios that could unfold in the coming days:
- Last-Minute Legal Intervention: There remains a possibility of a legal challenge that could delay or halt the ban.
- Temporary Injunction: Courts may issue a temporary injunction allowing TikTok to operate while legal proceedings continue.
- Complete Shutdown: If no intervention occurs, users will face a complete shutdown of the platform in the U.S. market.
Emotional Impact on Users
The potential ban is not just a technical disruption; it carries significant emotional weight for many users. Content creators who have built their brands on TikTok may experience economic repercussions as they lose a primary platform for engagement. Additionally, the shift could lead to broader changes in the social media landscape as users seek new avenues for expression and connection.
Conclusion
As we approach this critical deadline, TikTok users should remain vigilant and prepared for possible changes. Whether through legal maneuvers or a complete shutdown, the future of TikTok in the United States hangs in the balance. Stay tuned for real-time updates as we navigate this evolving situation together.
Bolanle Media covers a wide range of topics, including film, technology, and culture. Our team creates easy-to-understand articles and news pieces that keep readers informed about the latest trends and events. If you’re looking for press coverage or want to share your story with a wider audience, we’d love to hear from you! Contact us today to discuss how we can help bring your news to life.
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