Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties.
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Category: Alibaba
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Chinese Communist Party warn of NFT hype bubble
The local news publication, acting as the party’s spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops.
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Alibaba’s NFT Marketplace Allows Content Creators to Copyright Work via Blockchain IP Service: Report
The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology. Alibaba’s […]Powered by WPeMatico
Alibaba launches NFT marketplace for copyright trading
Alibaba has launched a new marketplace allowing trademark holders to sell NFT representing licenses to their copyright.
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China’s central bank worried about stablecoins’ risk to financial systems
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
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Bitcoin Still Commands the 9th Largest Market Capitalization in the World
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away from turning over tech […]Powered by WPeMatico
Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products […]Powered by WPeMatico
Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery
China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]Powered by WPeMatico
Digital Yuan Launch Draws Near: JD.com Employees Paid in e-CNY, Tencent, Ant, Mastercard Engage With PBoC
China, the world’s most populous country, has jumped leaps and bounds in comparison to a great number of other countries when it comes to the creation of a central bank digital currency. As each day passes, China’s digital yuan is seemingly getting closer to large-scale adoption, as big-name corporations like the e-commerce giant JD.com, Mastercard, […]Powered by WPeMatico
Ant Group highlights private sector’s role in developing digital yuan
Major tech and commerce firms have been instrumental in helping China’s central bank develop the digital yuan.
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