BlockBeats News, November 12 — According to The Block, Malaysian technology consulting firm VCI Global plans to acquire $100 million worth of OOB tokens. OOB is the utility token of Oobit, a crypto payment company supported by Tether. Under the transaction structure, VCI Global has acquired $50 million worth of OOB tokens by issuing restricted shares to the OOB Foundation. The company stated on Tuesday that it plans to repurchase an additional $50 million worth of tokens on the secondary market after the token public offering. VCI Global said that upon completion of the transaction, Tether will become its largest shareholder.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether launches open-source local AI toolkit QVAC SDK
Tether launched the open-source software development kit QVAC SDK on April 9, supporting running AI applications locally, compatible with multiple platforms, with features such as text generation and speech processing, and enabling peer-to-peer distribution via Holepunch. In the future, it will add decentralized training and toolkits tailored for robots.
GateNews1h ago
Tether launches open-source AI toolkit QVAC SDK, positioning it as a general-purpose artificial intelligence foundation module
Tether’s QVAC team launched the QVAC SDK, which is an open-source, cross-platform AI development toolkit aimed at building the intelligent ecosystem of the future and supporting a wide range of devices. QVAC is seen as a next-generation intelligent framework with modular and infinitely extensible features to adapt to future development.
GateNews4h ago
A CEX co-founder donates $5.4 million to the UK’s Reform UK party
A CEX co-founder, Ben Delo, donated $5.4 million to the Reform UK party, and the donation took place before new UK regulations came into effect. Delo was previously fined $10 million for violating anti–money laundering compliance and received a pardon from Donald Trump. Reform UK positions itself as a pro-cryptocurrency political party and is currently facing a pause order on crypto donations. After relocating to the UK, Delo plans to be exempt from donation limits.
GateNews5h ago
ZachXBT discloses internal payment server data from North Korean IT workers, involving a $3.5 million flow of funds
On-chain detective ZachXBT revealed that an anonymous source shared stolen data from North Korea’s internal payment servers, involving 390 accounts and encrypted transaction information. More than $3.5 million in funds vanished, and it is connected to a sanctioned company. ZachXBT has compiled a detailed organizational chart.
GateNews04-08 13:46
Tether CEO: The team is developing a decentralized search engine, hypersearch.
Gate News message. April 7, Tether CEO Paolo Ardoino said the team is developing a decentralized search engine called hypersearch. The product is built on a distributed hash table (DHT, a decentralized data storage technology) architecture.
GateNews04-07 13:51
