Alibaba Cloud, a division of Alibaba Group, has launched non-fungible tokens (NFTs) solutions even while the Chinese government takes a restrictive approach toward digital assets. The computing company will also build NFT marketplaces, as well as web-hosting and content management. Alibaba will assist users in creating NFT marketplaces NFTs have gained a lot of attention […] The post...
Alibaba Cloud, a subsidiary of Alibaba Group, announced the launch of non fungible tokens (NFTs) solutions. The computing Company will also be building NFT marketplaces, including web hosting and content management. Meanwhile, the Chinese...
China remains one of the jurisdictions that has recently meted out stringent measures and cryptocurrencies and NFTs. The Chinese authorities leased out a high level of restriction and crackdown on crypto mining in 2021. The major attack was pushed on Bitcoin mining because of its high electricity consumption associated with the process. Also, the country was concerned with the increased environmental pollution that...
Executive vice-chairman of China's biggest online retail platform Alibaba, Joe Tsai took Twitter by storm earlier today when he tweeted "I like crypto." What made it even more prominent is the fact that China has taken a no-nonsense policy against crypto banning all forms of crypto mining and declaring crypto transactions as illegal. I like The post Breaking: Alibaba vice chairman says he...
The measure will take effect starting October 8, 2021, which also covers tutorials and software related to cryptos.
The ecommerce giant said it would delist bitcoin mining equipment from its platforms after the renewed China ban of Bitcoin.Chinese ecommerce giant Alibaba will delist bitcoin mining equipment offers from its platforms and prohibit their future selling after the People’s Bank of China (PBoC) issued a renewed and reinforced ban on bitcoin and cryptocurrency on September 24.“Alibaba.com will prohibit the sale...
The NFT Craze has been reaching new levels across the world, as many big companies and players jump into the scene. Investment firm Sino Global Capital believes the sector is “growing rapidly”, predominantly in China. Companies based in the Asian Giant, such as Alibaba, visual content media agency Visual China Group (VSG),...
Another week filled to the brim with action as the NFT market continues to boom. This week, OpenSea crossed $1B in trading for the month of August, SuperRare unveiled new features, investment firms Andreessen Horowitz and Paradigm doubled down, and Axie Infinity, Art Blocks, and Parallel Alpha have moved to the top of the charts. Capital investment and emerging projects dominated the chatter...
Alibaba, the largest e-commerce company in China and the biggest blockchain patent holder was fined $2.8 billion for anti-trust activities by the Chinese government. The fine was imposed after the market monopoly investigation which indicated that Alibaba was punishing retailers for selling the same goods on other platforms. Alibaba is believed to be one of The post Biggest Blockchain Patent Holder Alibaba Faces...
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
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