Tag: alibaba

Jun 08 2022

Alibaba Launches NFT Tools Despite China Strict Rules On Digital Asset

Jun 08 2022 Published at Coinscreed under tags  alibaba news

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 Launches NFT Tools Even As China Cracks Down

Jun 08 2022 Published at Coingape under tags  alibaba alibaba nft news

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...

Mar 23 2022

Chinese Social Giant WeChat Remove NFTs Due To Regulatory Issues

Mar 23 2022 Published at Bitcoinist.com under tags  alibaba china cryptocurrencies nft wechat

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...

Dec 28 2021

Breaking: Alibaba vice chairman says he “likes crypto”

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...

Sep 28 2021

Alibaba to Stop Selling Crypto Mining Machines amid China’s Crackdown

The measure will take effect starting October 8, 2021, which also covers tutorials and software related to cryptos.

Alibaba To Stop Selling Bitcoin Mining Machines In China

Sep 28 2021 Published at Bitcoin Magazine under tags  alibaba bitcoin miners business china

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...

Sep 06 2021

Alibaba, TikTok, NetEase Join The Craze, Why China’s NFT Market Has Seen An Explosive Growth

Sep 06 2021 Published at Bitcoinist.com under tags  alibaba china nft tiktok

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),...

Aug 21 2021

NFTs In A Nutshell: A Weekly Review

Aug 21 2021 Published at Bitcoinist.com under tags  alibaba art arts entertainment nft

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...

Jul 19 2021

Apr 10 2021

Biggest Blockchain Patent Holder Alibaba Faces $2.8B Fine Amid Growing Fallout With Gov

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...

Jan 12 2021

Is China Poised to Nationalize Alibaba?

Jan 12 2021 Published at CoinDesk under tags  alibaba cbdcs china global the breakdown

The International Business Times reports China might nationalize Alibaba. Here’s what that has to do with China’s digital currency efforts.

Nov 19 2020

Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years

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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