The Stunning $10 Billion Crypto Proposal That Almost Was

The post Trump to allow Chinese TikTok algorithm after Larry Ellison-led takeover appeared on BitcoinEthereumNews.com. Donald Trump just approved a deal that lets the Chinese-built TikTok algorithm keep running in the U.S., even after all that noise about national security. The same system lawmakers said was too risky is staying. But this isn’t a done deal yet, technically. What Trump signed was an executive order on Thursday that delays a ban for 120 days. That ban was originally triggered by a law passed in spring 2024. So instead of pulling the plug, Trump bought time for Larry Ellison, Silver Lake, and others to finalize a structure that keeps the app alive, keeps the Chinese code running, and gives American investors a chance to make money off it. Joint venture to run U.S. TikTok while algorithm stays Chinese The plan is to carve out a separate “American TikTok,” run by a new joint venture controlled by U.S. people and U.S. firms. That version will no longer be under the thumb of ByteDance, but it will still run on ByteDance’s algorithm. This is the same recommendation system that American officials have spent years warning about. Instead of writing new code, the U.S. will just retrain and monitor the existing algorithm. The White House published a fact sheet saying, “the divestiture puts the operation of the algorithm, code, and content moderation decisions under the control of the new joint venture.” They added that all recommendation models using American user data will be retrained and overseen by “trusted security partners.” What the sheet does not say is that a new algorithm will be built from scratch. So the plan is to slap a U.S. security layer on top of a Chinese algorithm, call it American, and hope it works. There’s no clear answer yet on how deep this oversight goes. Will Larry and crew be able to fully audit…

Terwijl de Verenigde Staten onder Trump steeds meer inzetten op private stablecoins om de macht van de dollar te vergroten, versnellen Europa en China de ontwikkeling

The post Strategic $3M Binance Move Sparks Intense Market Scrutiny appeared on BitcoinEthereumNews.com. Solayer LAYER Deposit: Strategic $3M Binance Move Sparks