Oracle Corp extends tender offer for Cerner Corp - Kansas City Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Tesla CEO Elon Musk relocated last year from California to Texas, splitting his time between the Gulf Coast and Austin, in conjunction with construction of t
Blockcap, a bitcoin mining and blockchain company, is moving its corporate headquarters from Las Vegas to Austin, with plans to continue to grow its operations, according to the company.
The company, which describes itself as one of the fastest-growing cryptocurrency mining operators in North America, was founded last year and combined assets from five existing bitcoin mining companies. Blockcap estimates it accounts for nearly 1% of all bitcoin network transactions.
What is Bitcoin?
Bitcoin is a cryptocurrency, which is a form of currency that exists only in digital or electronic form. Companies such as Blockcap mine bitcoins through a process that includes solving complex computational math problems. The companies often use equipment in bulk and scale operations to save on costs.
Clock runs out on sale of TikTok to Austin-based tech company
Clock runs out on sale of TikTok to Austin-based tech company TikTok, which has a major presence in Austin, was in talks with Austin-based Oracle on a sale.
Courtesy photo This news may have some people in Austin “shook,” as they say on TikTok: Software giant Oracle and retail powerhouse Walmart have indefinitely dropped plans to buy the U.S. arm of the video-sharing app. Not only is this a major (though not entirely unexpected) development for Austin-based Oracle, but it also may affect TikTok’s Austin workforce. Last August, TikTok laid out plans to roughly double its Austin headcount from close to 100 to around 200, and to eventually add hundreds of employees here. Around the same time, speculation surfaced that if TikTok’s U.S. operations were sold to Oracle and Walmart or other buyers, Austin might become the headquarters of the newly configured U.S. business.