• Tencent, a Chinese multinational and entertainment company, is challenging ByteDance's dominance in the short video platform with its own TikTok. • Tencent has created a team of content creators to launch its own version of TikTok, which is already available in the Chinese market. • Tencent is promoting its app's short-video platform through events such as live-streamed concerts featuring the Backstreet Boys, Westlife, and Taiwan's Jay Chou. Tencent Holdings, a Chinese multinational and entertainment company, is making a push to challenge ByteDance's dominance in the short video platform market with its own version of TikTok. The tech giant has...

• Wyre has removed its withdrawal cap after securing additional funding from a strategic partner. • The crypto payment platform had imposed a 90% withdrawal limit on its users and had laid off 75 employees. • The CEO of Wyre noted that the firm was scaling back operations to plan its next steps. Wyre, a crypto payment platform, recently removed its withdrawal cap after securing additional funding from a strategic partner. This comes after the company announced that it was imposing a 90% withdrawal limit on its users and laid off 75 employees. The crypto winter had put the company...