• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

TikTok Returns: Trump Aids in Restoring the Platform Post-U.S. Ban

user avatar

by Giorgi Kostiuk

a year ago

TikTok began restoring access for U.S. users following Donald Trump's intervention amid the recent ban of the app in the U.S.

Restoration of TikTok Service

Some TikTok users in the U.S. have started regaining access to the platform after the temporary shutdown. Trump announced his intention to revive TikTok's access in the country starting on Monday.

Reasons Behind the Ban

TikTok was shut down following the enactment of a law banning the app due to national security concerns. Previously, TikTok fought against a bill signed by Biden that required ByteDance to divest its U.S. operations by January 19 or face a complete ban.

Market and User Reactions

Uncertainty about TikTok's future led users to seek alternative platforms, with Meta and Snap seeing stock increases due to potential user influxes. VPN searches spiked following the app's shutdown, and there were concerns about purchases through TikTok Shop.

Trump's involvement in TikTok's situation underscores how contentious tech restrictions can be, especially considering the economic and political influence of social media.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

TaskOn Partners with Neura Web3 AI to Revolutionize User Engagement

chest

TaskOn has partnered with Neura Web3 AI to integrate emotionally intelligent AI agents into its platform, aiming to personalize user experiences and boost community engagement.

user avatarTando Nkube

Justin Sun Transfers $162 Million in Tokens to HTX Exchange

chest

Justin Sun has transferred a total of five different tokens worth approximately $162 million to the HTX exchange.

user avatarKofi Adjeman

JPMorgan's Kinexys Payment System Approaches $10 Billion in Daily Transactions

chest

JPMorgan's blockchain-based payment system, Kinexys, is nearing $10 billion in daily transaction volumes as it expands into the industrial sector.

user avatarSatoshi Nakamura

Mitsubishi Corporation to Utilize JPMorgan's Kinexys for Faster Fund Transfers

chest

Mitsubishi Corporation will adopt JPMorgan's Kinexys platform to streamline its global supply chain payments and reduce settlement times.

user avatarNguyen Van Long

Developers Gain Access to Live Public RPC Endpoint

chest

Developers can now access a live public RPC endpoint to connect wallets, query blockchain data, and test smart contracts on the Pi Testnet.

user avatarJesper Sørensen

Charles Hoskinson Launches Direct Attack on Ripple Over CLARITY Act

chest

Charles Hoskinson criticizes Ripple and its CEO for allegedly manipulating the CLARITY Act to eliminate competition, warning of potential legal risks for developers.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.