The short-form video app, TikTok faces examination for allegedly trading like a cryptocurrency exchange in the UK.

A compliance expert has brought this to the notice of the Financial Conduct Authority, suggesting that the famous TikTok coins might be being used for money laundering and terrorist financing.

TikTok Coins Raise Crypto-Like Concerns

TikTok Coins are the virtual currency launched by the social media platform causing concern among netizens. The rumours of these coins being purchased with real money, and being given to users on the app during livestreams are doing the rounds. What's worrisome, though, is that these can be converted back into cash, similar to a

UK Startup Venture Capital Funding Sees Decline in Q3

Venture capital funding raised by UK startups saw a significant decline in Q3 2024, according to research.

In the third quarter, British startups managed to secure about $2.9 billion in venture capital. This marks a 50% decrease compared to the previous quarter, as reported by HSBC Innovation Banking and Dealroom.

This period also recorded the lowest level of startup investment in the UK over the past five years, according to the data.

The fintech industry in the UK has been the most successful in terms of funding this year. It raised $3.3 billion, a decrease from $4.5 billion in 2023.

The UK fintech sector is back," declared Remus Brett, general partner at LocalGlobe.

Cybersecurity Job Listings Rose by 14%, Bengaluru Leads

Cybersecurity job listings increased by 14% compared to the previous year, according to the Indeed report. Indeed monitored job postings and clicks from September 2023 to September 2024.

Cybersecurity job listings increased by 14% compared to the previous year, according to the Indeed report.

Indeed monitored job postings and clicks from September 2023 to September 2024.

Sashi Kumar, the Chief Sales Officer for Indeed India, believes that as our daily activities move more towards the digital world, businesses are seeking methods to safeguard their data. This led to a higher demand for cybersecurity professionals.

Sashi Kumar also adds the cybersecurity field is expanding rapidly, creating numerous employment opportunities.

The report also examined trends at the city level. It found that Bengaluru stands out as a city with the most cybersecurity job listings. Bengaluru accounts for nearly 10% of the total cybersecurity jobs.

Delhi-NCR follows it with 4%, followed by remote roles at 2.2%, and cities like Hyderabad and Mumbai each have 2%.

Cochin Shipyard Hiring Project Assistant in Commercial and Mechanical Fields

Cochin Shipyard Limited is hiring for the posts of Project Assistant in Commercial and Mechanical fields. Currently, there are three positions available for these roles. The maximum age limit of the candidates should not be more than 30 years old as of 25-01-2024.

The duration of employment is set at three years, which can be extended based on the project and the performance of the individual. The selection of the candidates will be based on an objective type test and a descriptive type test. Interested and eligible candidates can apply online through the official website of Cochin Shipyard on or before the last date.